How to set up weekly, fortnightly, monthly or daily stock SIP?

You can set up stock SIPs with weekly, fortnightly, monthly, or daily frequencies by selecting multiple dates at regular intervals.
If your stock SIP date falls on a holiday, your orders will be executed on the next trading day.

Setting up your SIP

1. Click on Orders and then on SIP.
2. Click on Create new SIP.
3. Click on Create basket or on + New basket.
4. Enter the basket name, and add the instruments to the basket.
5. Click on Back to SIP.
6. Enter the SIP name and select the basket.
7. Select the Date and Time.
8. Click on +Add and select a date with a weekly, fortnightly, monthly or daily interval.
9. Click on Create.

Creating daily SIPs and managing them is cumbersome. More importantly, if your goal is to invest regularly, there is no difference in returns between a daily, weekly or monthly SIP. A better approach is to add up the amount you need to invest and create a weekly SIP instead. This makes it easier to track and manage multiple SIPs. Learn more by visiting tradingqna.com/t/is-daily-sip-better-than-monthly/138135.

Things to keep in mind

• You can place a maximum of 50 SIPs.
• You will receive a reminder email to your registered email ID one day before your scheduled SIP date. You will also receive an intimation email when your SIP is triggered.
• Corporate actions like dividends, splits, and category changes on the exchange will not automatically modify the schedules in the stock SIP feature.
• Stock SIPs are completely free, and Zerodha does not charge additional fees.