What are the different types of Equity SIP?

You can invest in Equity SIP in two ways amount based or quantity based. All brokers allow you to create multiple SIP request, each request should be either amount based or quantity based, you can mix and match different types in one request.

  • An amount based SIP: In this, you define fixed amount for your investment. It is calculated by dividing the SIP amount by Last Trading Price + Buffer (3%) per share. Rounded of quantity will be finalized by the Equity SIP engine to take the buying call before the Equity SIP Order placing.
  • Quantity based SIP: In this, you define a fixed quantity of shares/ETFs for your investment. On the specified date, the Equity SIP engine will check available fund in your account and place a buy request.

All these requests are submitted to exchange on availability of funds in your trading account.

Answered on

I Like It. 1
Zerodha Online Branch Offices
Upstox Online Branch Offices
5paisa Online Branch Offices
Angel Broking Online Branch Offices

User Comments


More Category Questions...

  1. Which is the best broker for commodity trading in Tamil Nadu?
  2. How to open an online commodity trading account?
  3. How to do commodity trading in India?
  4. Do I need to pay full monthly charges if I do not trade at all in a month?
  5. Can I use advance order types with monthly plans?
  6. How is the tax calculated in unlimited monthly plans?
  7. Who should use monthly trading plans?
  8. Does Monthly Trading Plans suitable for me?
  9. How Demat or Trading AMC affect my IPO investment?
  10. What are the other alternatives for applying in IPO other than 3-in-1 account?
  11. Can I open 3-in-1 account with any bank and start investing in IPO's?
  12. How to start investing in IPO?
  13. What is DP ID and where can I find it?
  14. What is intra-depository transfer and inter-depository transfer?
  15. What are the charges for credit and debit of shares from my Demat Account?
  16. Are there any charges on transfer of scrips from my previous DP to new DP?
  17. What is the Delivery Instruction Slip?
  18. How can I close my Demat Account with my previous broker and transfer my shares to new broker?
  19. How to open a Demat Account?
  20. What is a Depository Participant-DP?
  21. Why I need a Demat Account?
  22. When it comes to Zero brokerage trading India, do they have any hidden charges?
  23. Brokers who is providing Zero Brokerage Plan, Are they reliable?
  24. How brokers get the benefit when they are providing free delivery trading?
  25. How monthly plans cost me less than pay per trade?
  26. When you choose Rs 20 or less brokerage account what other charges you need to pay?
  27. What brokers get when they provide 20 Rs or Less Brokerage service?
  28. I like to purchase stocks regularly in small quantities, please advise how?
  29. Does Zerodha or UpStox is providing Equity SIP facility?
  30. What is the difference between an Equity SIP request and Equity SIP order?
  31. How does Equity SIP work?
  32. What are the different types of Equity SIP?
  33. What are the Limitation of Equity SIP/ Disadvantage of Equity SIP?
  34. What are the advantages of Equity SIP?

List of all questions Ask your question

Translate topsharebrokers.com: