Say I set up a basket and SIP for buying goldcase. In the basket stock addition, I clicked on the Rupee icon
and set it to amount 100. That day LTP is Rs 50. So the order is of quantity 2. (ignoring fees).
On the day of execution, say the price shoots up to Rs 100 and I had Rs 400 in my account balance.
What will be the order value ? Rs 200 due to qty 2 or qty 1 due to value Rs 100?
I wish it to be fixed at Rs 100 no matter the LTP and not vary with stock price.
How to do it?
Orders using the Amount feature is mostly used for immediate order placement on the same day.
For SIPs orders can be set only based on qty and not based on Value/amount.
Mutual fund tracking an ETF seems better then… but the expense ratios are high there…
I’m weighing convenience vs cost once again.
Why not place GTT orders ?
You can execute the buy orders at your desired price.
And once a GTT gets triggered, you can place another GTT for your next order.
If your are planning on SIPs, MFs are always better.
The impact cost and liquidity in ETFs are a big headache.
I don’t like to visit the portfolio again and again coz I get sucked in and waste hours in it.
SIPs I check via emails mostly.
yeah I’m looking for a cheap etf + cheap mf combo… hdfc, nippon, sbi, icici, axis are one or the other.