Stock SIP mandate or AutoSIP is a smart way to regularly invest in individual stocks automatically, just like you do with mutual funds through SIPs. It's hassle-free and lets you build your stock portfolio over time while staying disciplined with your investments.
Setting up your AutoSIP on Upstox is quite simple. Here are the steps:
Step 1: Log in to the Upstox app using your 6-digit PIN or Biometrics.
Step 2: Navigate to investor mode.
Step 3: Select the stock in which you want to start SIP and click on 'SIP'.
Step 4: You can either start Stock SIP by 'Amount' or 'Quantity' and click on 'Continue'.
Step 5: Select the order type and click on 'Continue'
Step 6: Select 'frequency' and 'day' in which you want SIP to get debit and click on 'Continue'.
Step 7: Review your SIP details and click on 'Confirm to buy'.
Step 8: You have successfully set up your AutoSIP.