Auto SIP is a systematic investment plan where funds are automatically deducted from your Zerodha trading account and invested into your smallcase periodically. Auto-SIP allows you to set up instalments on a pre-specified no of shares instead of weights.
You can start a SIP by clicking on the “Start SIP” button on your invested smallcase and toggle to Auto-SIP option
Auto-SIP will be executed on the due date and funds will be deducted from your Zerodha account
You can add funds manually by going on - https://cashier.zerodha.com/?type=login or You can also automate the fund transfer process for your SIPs. In order to automate the fund transfer, you can make use of the e-mandates feature on the Zerodha console.
You can edit your SIP from Auto to Manual by selecting the “Edit SIP” on your invested smallcases
You can toggle to Manual SIP option, select the due date, update frequency and amount
A reminder will be send to you on the day your manual SIP is due
Good to know:
The default SIP mode is manual when investing in a smallcase. However, you can choose your SIP mode as Auto SIP while placing the SIP
You can only start Auto-SIP in smallcases which have less than or equal to 20 stocks, users will not be allowed to start Auto-SIP in smallcases which have greater than 20 stocks
Frequencies can be weekly,fortnightly or monthly
Once set, SIP is executed on days of the month as per the frequency selected, users can view the Auto-SIP schedule on Kite portal - orders - SIP
When SIP orders are placed automatically, you have to invest in the smallcase as a whole, hence the min SIP amount is equal to the min investment amount of the smallcase
If your scheduled date falls on a holiday, your SIP order will be executed on the next trading day.
Incase you are unable to start Auto-SIP or edit Auto-SIP, please relogin and try again. If the issue persists, chat with us or write to us.