General

What is Step up feature in Stock SIP?

Step Up is a feature that will increase the Equity Stock SIP amount/quantity periodically by an amount or a quantity at a set interval as defined by the you.

For “Amount Type”, a step-up amount can be set and similarly for “Quantity Type” a step-up quantity can be selected. This feature can be availed at the time of placing the order.

Step up will continue till the Stock SIP End date or Step Up cancelled by the user whichever is earlier. In case Stock SIP period selected as 'Till cancellation’, then Step Up will continue till it is cancelled by the user.

Step-up cannot be modified; it can only be cancelled. After cancellation of Step-up, next Stock SIP will be placed with on-going amount/quantity which will be equal to last Stock SIP triggered (Amount or Quantity).