What is a Stock SIP?
A Stock SIP (Systematic Investment Plan) is similar to a subscription service, like an OTT platform subscription. Instead of streaming services, you subscribe to a stock of your choice, with investments occurring weekly or monthly.
Key Points for a Successful Stock SIP
Ensure Sufficient Funds in Your Upstox Account
1. To execute your Stock SIP successfully, ensure that your Upstox account has enough funds on the scheduled date.
For Stock SIPs Set by Amount
1. Always maintain X% more than the defined SIP amount in your Upstox account. This buffer helps account for market fluctuations or minor variations in execution.
For Stock SIPs Set by Quantity
1. Check the stock price at the time of order execution and ensure that you have adequate funds in your account to cover the purchase.
For AutoSIP Users
1. If you have enabled autoSIP, the SIP amount will be auto-debited from your bank account on the due date. Ensure your linked bank account has sufficient funds to prevent any disruptions.
Need More Help?
If you have additional questions or need assistance, feel free to reach out to our support team!