How to create a stock SIP on Kite?

The funds available in the account can be used for the SIP order. To automate funding for the SIPs, use the e-Mandates feature on Console. To learn more, see How to set up automatic fund transfers from the bank account the Zerodha account?

Systematic Investment Plan (SIP) is a method of investing a fixed amount at fixed intervals of time. The stock SIP feature can only be used for delivery trades in the cash market. To create a stock SIP, follow these steps:

Kite app

Tap on Orders.
Tap on SIPs.
Tap on New SIP.
Enter SIP name.
Link an existing basket of orders or create a new basket by clicking on New basket. To learn more about basket orders, see How to place basket orders on Kite?
Select the basket and then set the preferred scheduled date and time.
Swipe on Create.

Kite web

Click on Orders.
Click on SIP.
Click on New SIP.
Enter the name.
Link an existing basket of orders or create a new basket by clicking on New basket. To learn more about basket orders, see How to place basket orders on Kite?
Select the basket and then set the preferred scheduled date and time.
Click on Create.

Is it possible to schedule SIPs based on specific days such as weekly or monthly?

It is not possible to specifically choose weekly or monthly schedules for SIPs. Nevertheless, specific dates can be selected.

Schedules

Up to 5 schedules can be set for any day of the month between 9:30 AM to 3:00 PM with a 30-minute interval. Each time slot allows only one SIP per day. In case the scheduled date falls on a holiday, the SIP order will be sent to the exchange on the next trading day. SIPs can be paused or modified accordingly. To learn more, see How to modify a stock SIP?

Baskets

Linking one or more existing baskets is necessary to create a SIP order schedule. If multiple baskets are linked, all the orders will be placed in the same SIP trigger. A new one can be created if there are no existing stock baskets.

Did you know?

A maximum of 50 SIPs can be placed.
A reminder email will be sent to the registered email ID one day before the scheduled SIP date. An intimation email will also be sent when the 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 there are no additional charges.