Introduction to Stock SIP on Rupeezy

Rupeezy introduces Stock SIP (Systematic Investment Plan) to help investors automate their stock investments, similar to Mutual Fund SIPs. With Stock SIP, you can regularly invest in individual stocks based on predefined parameters, making investing simple, disciplined, and hassle-free.

Key Features of Stock SIP

  1. Flexible SIP Setup:

    • Eligibility: Available for all tradable stocks.

    • Frequency Options: Daily, Weekly, Monthly.

    • SIP Types:

      • Amount-Based SIP: Specify an investment amount; Rupeezy will purchase the maximum number of shares within this limit.

      • Quantity-Based SIP: Specify the number of shares; You need to maintain enough balance in your Rupeezy Account for the SIP orders to trigger.

  2. Seamless Execution:

    • Orders are placed automatically at your preferred time, starting from 9:15 AM to 3:15 PM.

  3. Price Fluctuations:

    • Rupeezy sends a notification for adding funds if stock prices rise sharply and the balance maintained by you is not sufficient to place orders.

  4. Manage Your SIPs with Ease:

    • Pause/Resume: Pause your SIP anytime and resume at your convenience.

    • Edit: Modify frequency, amount, or bank account.
      Note: Modifying your SIP skips one installment of you SIP

    • Track: View active SIPs from your “Holdings” screen of  Rupeezy App.

How to Set Up a Stock SIP

  1. Select a Stock: Choose the stock you wish to invest in.

  2. Define SIP Parameters: Set your investment type (amount or quantity), frequency, and preferred execution time.

  3. Confirmation: Your SIP becomes active upon successful setup.

Managing Your SIP

  • View Details: Check all active SIPs and upcoming investments under the "SIP Details" section of the “Holdings” screen.

  • Pause/Resume SIP: Control your investments as needed.

  • Edit SIP: Update frequency, amount, or preferred execution time.

  • Track Notifications: Stay informed about order executions, rejections, and fund requirements.

Important Considerations:

  • Order Execution Priority: Orders are executed based on SIP creation time.
    If there are multiple SIP to be triggered at the same time, SIP are executed based on the time they were created. First created SIPs are triggered first.

  • Handling Multiple SIPs: If you have multiple Stock SIPs, and you only have sufficient balance for 1 of these SIP, the SIP which was created first will get executed.

  • Corporate Actions: Stock splits, bonus issues, rights issues don’t affect your SIPs

  • Trading Holidays: SIPs scheduled on holidays will be executed on the next trading day.

Frequently Asked Questions (FAQs)

  1. Can I create an SIP without a payment mandate?
    Yes, Rupeezy allows SIPs without mandates. Ensure your trading account has sufficient balance before execution.

  2. What happens if my balance is insufficient?
    Orders will be rejected, but you'll receive notifications to add funds.

  3. Can I choose my SIP execution time?
    Yes, select your preferred time between 9:15 AM and 3:15 PM.

  4. Can I set up a Stock SIP for more than stocks?
    Yes, you can create multiple stock SIPs with Rupeezy

  5. Can I automate SIP Payments for my stock SIPs?
    Currently, you need to maintain sufficient balance in your trading account. Rupeezy is working on bringing you a mandate based payment for Stock SIPs to further enhance investing experience.

Need Help?

For further assistance, reach out to Rupeezy Support through the app or website. Happy investing!