General
What is Stock SIP? Why should I invest in it?
Stock SIP (earlier referred to as SEP), is a product using which you can place buy orders for a pre-specified amount or for a pre-specified quantity in securities of your choice at regular intervals.
Cash Segment requires constant monitoring of the markets to make gains, with Stock SIP clients can set the price or the quantity to be bought as well as the frequency. This eliminates the need to actively track the market. It also brings down the average cost of acquisition due to averaging principle. SIP orders can also be placed at any time during the day.
The clients are free to modify, pause, or cancel their Stock SIP. Clients do not need to allocate funds for placing an Stock SIP as funds are auto debited from their linked bank account.
No additional charges are incurred for placing Stock SIPs. You will be charged brokerage for Stock SIP Segment as per your pricing plan.