General

What is meant by "Frequency"? How does it work?

Frequency means the time interval, after the start date, with which you wish Stock SIP orders to be placed in your account. Depending on the frequency selected by you, ICICI Direct will place Stock SIP orders at the defined intervals after the start date for the total period specified by you. The First order will be placed on the start date specified by you and thereafter orders would be placed at the frequency for the total period as per your request.

For example:,
If you have placed a Stock SIP request for buying 100 shares of Reliance at a NULLMonthlyNULL frequency for a total period of 2 months with start date 12-07-2010, ICICI Direct will place 2 orders for this Stock SIP i.e. the first order being on the Start date and the other order in the next month after the start date on a monthly frequency. In this case the first Stock SIP order for 100 shares in Reliance is placed by ICICI Direct on 12-07-2010 , the next Stock SIP order will be placed in the next month on 12-08-2010 which will be the end date. If you have placed a Stock SIP request for 100 shares in Reliance with NULLWeeklyNULL frequency for the period of 2 months with start date 12-07-2010, then the first Stock SIP order for 100 shares in Reliance will be placed by ICICI Direct on 12-07-2010 and the subsequent Stock SIP dates will be 19-07-2010, 26-07-2010 and so on upto 12-09-2010 i.e. two months from the Start date.