Equity SIP is a process which you need to set up one time. Let's discuss the steps which you need to take care to set up your process.
- Login to your broker's online investment portal.
- Under Equity, you will find Equity SIP or Auto Investor SEP or RSP option.
- Under this, you need to define a request by selecting the request type as "Fix Amount" or "Fix Quantity", Select Stocks/ETFs, Select Interval.
- Once you submit your request, the broker will place your Equity SIP Order on your defined date.
The order will be placed as a Market Order only and work same as Cash Market Order.