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    All you need to know about Buy Now Pay Later (MTF) while investing in Stocks...
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    How are Stock SIP orders placed?

    Through Old Website:

    You can place a Stock SIP by following these steps:

    a. Login > Stocks > Smart Tools > Stock SIP OR

    b. Login > Stocks > Place Order > Select Stock SIP

    Through New Website:

    Login > Stocks > Smart Tools > 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 ICICI Direct authorising ICICI Securities 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 17th 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.

    What is Stock SIP? Why should I invest in it? Why am I unable to place a SIP for some stocks? What is Amount Based SIP? What should I keep in mind while placing an Amount based SIP order? What is Quantity Based SIP? What should I keep in mind while placing a Quantity based SIP order? Can I check the future value of Stock SIPs? What is Step up feature in Stock SIP? What does the action pause do in SIP? Can I modify or cancel my Stock SIPs? Are there any additional charges incurred for placing Stock SIP? Is there a minimum amount for which a stock sip can be placed? Do I need funds in trading balance for successful Stock SIP trigger? What is meant by “Frequency”? Please explain how does it work. I have paused my Stock SIP. Why can’t I see the cancel option, and how can I cancel it?