Currently not possible to set up based on investment but only based on quantity, but you will get email a day before sip incase if you want to check funds available.
Whatâs unique about MF SIP is that you can invest a fixed amount. But when you are dealing with stocks, you can only buy fixed quantities. So I might have wanted to invest 50k, but end up investing 60k because of higher price. So I will have to adjust my SIP configuration regularly.
This beats the very purpose of an SIP imo, that also into a passive fund.
Suppose I am creating basket of options to buy/sell everyday at a certain time to take positions and link it with SIP feature to execute it a particular time. And then make another basket for square-off positions taken & link it with SIP feature at a particular time. Would this be possible in both the cases?
Yes, you can do this.
Weekly SIP will be a nice option.
Is it possible in zerodha to do SIP in stock for fixed amount monthly.
If not, do i need to increase/ decrease the monthly SIP amount based on the stock price on that particular SIP date.
As the SIP is linked to a basket, It will be based on quantity. Weâre working on the feasibility of fixed-amount SIPs in stocks. The funds available in your trading account will be used to fund the SIPs.
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@Bhuvan @nithin Guys, Itâs been 4 years people have asked across this thread for a fixed amount version. It was in the to-doâs until 2023. Letâs do it this year atleast. 
Only issue I can see is that you wouldnât know how much to buy for individual scrips in a basket. For this, can we not simply introduce a feature where we add a max amount of sip per scrip in a basket?
Basket 1: 20000
Scrip 1: 5000
Scrip 2: 10000
Scrip 3: 5000
Now, just buy the max amount of shares/units possible in the defined amounts per scrip.
Having to adjust the emandate schedule every month beats the purpose of the automation this utility aims to provide.
Regards,
Mayank
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Yes, we will take this up shortly.