On ICICI Direct App:

Following are steps to place order for Stock SIP

• On tools, under Stocks select Stock SIP.
• Under the two tabs namely All Stocks & ETFs and Nifty 50 Stocks, you will be able to see the list of Stock SIPs available.
• You can now start investing in SIP by selecting any company of your choice.
• Specify the Exchange, Stock SIP Type (Quantity or Amount), Frequency or Duration followed by SIP Date.
• In “Amount Type”, you can set a pre-decided amount which will be invested in a security of your choice, at the set frequency for the set duration.
• In “Quantity Type”, you can set a quantity or number of shares that are to be bought at the set frequency for the set duration.
• You can also use the SIP Returns Calculator to calculate the expected value of your SIP returns.
• Once you have completed the process by agreeing to the terms and conditions, your order will be placed successfully.
• You can now either place another order or view your SIP order by selecting View SIP Book.

In this transaction, every month Rs. 100 will be invested in IDBFC First Bank Limited stock monthly for 3 years beginning from 19^th June 2024.

In this transaction, every month 1 share of RELAINCE will be bought for 3 years beginning from 15^th June 2024.

On Website:

You can place a Stock SIP by following these steps:
Login > Stocks > Smart Tools > Stock SIP

Or you can go to “Place Order” screen and choose Stock SIP.

• The key details such as Stock Name, Stock SIP Type, Exchange and duration need to be filled.
• A Stock SIP Request is an online instruction placed by you on icicidirect authorising I-Sec to place buy orders in their account as per the details specified by them.
• You may select either Amount based Stock SIP request or Quantity based Stock SIP request. You can indicate your choice by selecting the desired option under the field "Stock SIP Type" at the time of placing the request.

• In “Amount Type”, you can set a pre-decided amount which will be invested in a security of your choice, at the set frequency for the set duration.

In this transaction, every month Rs. 100 will be invested in IDFCBAN stock monthly for 20 months.

The amount specified by you should be equal to or above the minimum amount defined by I-Sec. The shares will be purchased at market price and the quantity will be decided using the formula Stock SIP/Market Price

• In “Quantity Type”, you can set a quantity or number of shares that are to be bought at the set frequency for the set duration. The order value is calculated based on the market price of the share prevailing in the market at the time of order placement.

In this transaction, every month 2 shares of ITC will be bought for 18 months beginning from 17^th June 2023.

• Frequency refers to the time interval which needs to be maintained between investments. I-Sec will place Stock SIP orders in accordance with the frequency selected by the you.