After you have narrowed down on a smallcase, you can invest in it in a few clicks.
There is a minimum investment amount associated with each smallcase. You can invest that amount into the smallcase, or enter a specific amount greater than the minimum to invest into the smallcase.
The amount you enter is adjusted to ensure the weights of the stocks are closest to the required weighting scheme.
Once you confirm the amount, you can review your smallcase order - the stocks, their weights & actual quantities.
When you confirm the amount, a funds check is conducted. If sufficient balance isn't available in your Zerodha funds you would be asked to add funds.
Review & Place orders
Once you confirm the amount, you can review your smallcase order - the stocks, their weights & actual quantities before confirming.
While reviewing, you have the option to set up invest the minimum amount at that point and also setup SIP to invest regularly in the future. If you don't wish to set up SIP, you can simply uncheck the 'Start SIP' option and then confirm.
You can then click the Invest Now button to place the orders on the market. Market orders with immediate or cancel (IOC) validity are placed for all smallcases.
If you are placing the orders after market hours, the orders will execute in the next market day within the pre market hours: 09:00 AM to 09:14 AM. The orders will be in pending status until it gets executed.
When you place the Buy order during the Non Market hours, you will get the below message before confirming the order. And the order will be in pending status until it gets executed.
You will also have the option to cancel the order before execution from the Orders page > Select the recent Buy order > Cancel this order > Cancel
Note: Please maintain a surplus cash of some additional amount in your Zerodha funds. This is to ensure you have enough funds to purchase all the stocks instantly in case if the stocks price hiked up.
Track your investments
You can track performance of all your smallcases on your Investments page:
The values here show the current value of the stocks/shares you hold (Current Value), the investment amount you had bought these stocks/shares (Current Investment) and the unrealized returns from your holdings (current P&L).