How do I place an Equity SIP order on the Fisdom application?

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 ‚ì 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.