Now set up SIPs on stocks and ETFs on Kite

Great feature. Will it be possible to buy and sell a basket on adhoc basis. Something like 1 basket consists of 10 shares of RIL, 20 shares of HDFCBANK. Is it possible to buy 3 baskets and sell 2 baskets on Adhoc basis

You can do anything provided enough funds/securities are available.

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Looks like Basket is tied to Buy Order or sell Order. I think we need to create two similar Baskets. One for Buy and Other for Sell. Will test the scenario tomorrow

This is awesome!

I’ve been earlier using smallcase to create baskets to add stocks every month. Multiple smallcases for adding the same bunch of stocks in different time frames.

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On a lighter note, shouldn’t this feature also be called SDP (Systematic Disinvestment Plan) as it allows us to sell securities at regular intervals?

Ah, forgot to add it to the article above. Let me add. :slight_smile:

It is intended to allow people to systematically withdraw/sell as well.

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Great feature! Much awaited!

One Question - Once a basket is created, how to edit the same? Couldn’t find anything.

Hover on the basket order

What is the cost of this SIP feature.

If we do SWP in any accumulated stock.
What will be the hidden charges like DP Charges. Suppose I have accumulated 1000 stocks and selling 10 times in group of 100 stocks. What will be DP and brokerage charges for this situtaion??

There are no additional charges for using SIP feature.

For delivery trades there is no brokerage charged, other taxes will be applicable as usual, this you can easily calculate here.

DP charges of Rs. 13 + GST are applicable per scrip, per day, irrespective of the quantity whenever you sell shares from your Demat account.

You guys should have made it standalone. Why merged with basket ?

Well it’s good but the fact is it makes investors less greedy in corrections or drops. It doesn’t allow people to set amount of money per SIP like 10K per month for bucket or SIP.
So it will kee on buying X number of stocks in dips and corrections instead of X amount of money.
The amount as input works in MF SIP, that’s what is necessary I guess.

Thanks

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I was presuming that this feature will allow someone to set up a SIP for SGBs (or maybe even G-Secs) but then I remembered that those require Limit orders (found it mentioned in a support page as well) -

Secondary Market
SGBs are listed on the exchange 10-15 days after the issue and can be traded on Kite. Do note that only orders with Limit CNC orders are allowed due to illiquidity in the segment. Once you purchase SGBs from the secondary market, it will take T+2 days for the SGB to show up in your account as per the settlement cycle.

Is there a way to SIP into SGBs using market orders for guaranteed execution or will only limit orders work due to the illiquidity in that segment?

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What ankur0101 has written is absolutely correct. SIPs are useless without being able to set an SIP amount. With this, all the benefits of an SIP are lost.

Nithin, please consider a “total amount” input and a ± % value. Whatever amount of shares can be purchased within that amount should be bought automatically. This will be super beneficial. SIP based on a fixed number of shares is not useful.

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Market order on ETFs are risky. There is huge variation between Intraday NAV and price of many ETFs. Can we have a feature to display iNAV in Kite terminal itself in real time and also schedule limit order at iNAV or maybe at 1 or 2 paise above for better chance of execution.

We don’t get iNAVs from the exchange data feeds and there are not other easy solutions yet but we’re figuring this out.

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Yes. Investing in SGB via the SIP would be very interesting. Is it possible to support limit orders too?

please consider this on feedback please add nifty or sensex index for execute SIP. sometimes it needs to execute SIP on 1%, 5% lower level execute SIP. same on stocks also

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Yes, possible. You can check it out by yourself.

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You mean for futures and options?