An Equity SIP allows an investor to take part in the stock market without trying to second-guess its movements. Through Equity SIP an investor commit to investing a fixed Quantity/amount every month. So your cost to acquire the stocks is averaged.
Do I need to sign any agreement for availing Equity SIP facility?
Yes. You need to accept the Equity SIP Terms and Conditions for availing Equity SIP facility.Also Equity SIP is enabled for all clients who have a trading a/c with us
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What are the exchanges I can place Equity SIP orders?
Equity SIP orders can be placed in National Stock Exchange & Bombay Stock Exchange.
What are the scrips eligible under Equity SIP?
All scrips trading in NSE & BSE are enabled for Equity SIP orders.
Do I get exposure against my DP holdings for Equity SIP orders?
Yes. Exposure against DP holding will be available for those clients who opened trading account using New Trading kit or signed Additional T& C.
How do I place order in Equity SIP?
Visit the customer care site of Geojit and create your SIP page Mention the dates and periods at which you can start the SIP.
When will be Equity SIP orders released to the market?
After validating the buying power requirements, all qualified Equity SIP orders will be released to the market between 11.00 am to 11.30 am.
At what price Equity SIP orders will be placed?
All the Equity SIP orders will be sent to Exchange at "Market Price".
Can I modify or cancel my Equity SIP request?
Equity SIP orders can be cancelled at any point in time from the Equity SIP order book, cancellation should be done before processing the same.
Modification of Equity SIP is not enabled; however you can cancel the Equity SIP and place a fresh request.
What happens if my Equity SIP orders gets rejected consecutively due to insufficient buying power?
If Equity SIP request gets rejected consecutively, then the balance Equity SIP request will stand still and will be processed on the corresponding dates.
What happens if my Equity SIP processing date comes on Statutory Payout date?
If Equity SIP processing date falls on Statutory Payout date, the request will be processed and the balance amount will be given as Statutory Payout.
What happens if my next SIP dates falls in Non Trading days?
If Equity SIP processing date falls on Non Trading Day, then the request will be processed on the next trading day.
Will Equity SIP holding treated separately in my Demat account?
No. Equity SIP holding will be treated at par with other Demat holdings.
What are the brokerage & other charges applicable to Equity SIP?
Equity Delivery brokerage and relevant exchange levies will be applicable for Equity SIP orders.