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.
What’s 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. We’re 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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