A Stock SIP (Systematic Investment Plan) helps investors invest in stocks periodically (weekly or monthly) instead of making a lump sum investment.
- SIP orders are executed at 2:30 PM on the selected SIP date.
- If you place a new SIP order before 2:30 PM on the same day, it will be executed on the same day.
- If the SIP date falls on a Market Holiday, the order will be executed on the Next Working Day.
This automated investment strategy helps in cost averaging and reducing the impact of market fluctuations.