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Is a SIP on Coin different than a conventional SIP?

SIP (Systematic Investment Plan) is a disciplined form of investing your money on particular dates that are specified by the AMC. Here, the AMC requires an ECS/NACH mandate to debit the investor's bank account. Generally, the SIPs are on a monthly or quarterly basis. 

At Zerodha, we do not follow the conventional SIP model. All your orders are sent to the AMCs as lumpsum investment orders on your chosen SIP dates. This allows you more control over your SIPs. You can select the SIP dates and frequency as per your convenience & you can easily pause, modify or restart your SIP online without any hassle or document submission.

However, we have the AMC SIP option available for mutual funds schemes which have stopped accepting fresh investments via lump sum orders due to the fund size exceeding optimal AUM values.