General

What is Quantity Based SIP? What should I keep in mind while placing a Quantity based SIP order?

In this type, you have the choice to set a quantity or number of shares that are to be bought at the set frequency for the set duration. The order value is calculated based on the market price of the share prevailing in the market at the time of order placement.

In an event where the funds available to purchase the set quantity are less than what is required, the trade for that frequency will not take place and only continue for the next frequency if enough funds are made available then.

Date Related

Before the cut off time, any date can be chosen as the start sate however the start date cannot be chosen as T-day (transaction day) after the cut off time. Any day after the T-day can be chosen as the start day in that case.

If any Stock SIP trigger date falls on a trading holiday, then the Stock SIP trigger will take place on the next trading day.