To do an Equity SIP follow the steps below:

  • Tap the share you are interested to do Equity SIP
  • Click on SIP Order in the order book
  • Enter how much you want to invest either in amount/quantity
  • You can also set a cap price wherein the SIP stops for a stipulated period after the stock is above the capped price.
  • Then choose the desired frequency – monthly, fortnightly, weekly, daily. You can also choose your start date and number of instalments.

Once you place an order successfully, you can track it under the order book - EQSIP. Equity SIP can only be Cash and Carry orders and hence it requires margin to be present in the trading account.