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How does Equity SIP work?

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.

Answered on 2019-08-30

Zerodha Trade@20

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