Current SIP feature allows us to setup SIP only on monthly basis.
For retail investors, it is not always possible to do monthly SIP on multiple high-price stocks like Bajaj Finance, Asian paints, etc. Right now, the only way is to create multiple baskets, create individual SIPs for each basket and pause and resume SIPs every month. It will be great to add more options to the scheduling. Bimonthly, Trimonthly and Quarterly schedules will help lot of small investors who wish to take stake in multiple blue-chip companies.