General

Do I need to allocate funds for placing a SIP Request / One-time order in Stock Basket?

No, SIP Request is merely an authorization given to ICICI Securities to place order in your account as per your instructions via SIP Request.

Hence, funds are not required or used when you place SIP Requests.

Your funds would however be required and used at the time of placing the SIP orders.

It is advised to keep a buffer of 10% over and above the portfolio value either in allocation or sufficient bank balance so that the order doesn’t get rejected due to any minor price rise as the SIP orders are placed at the prevailing market price at the time of SIP triggering.

For successful placement of One time orders, a buffer of 2.5% of the investment amount needs to be allocated to Equity Limits of Trading account.