What does ‘Frequency’ mean?
Frequency
refers to the time interval at which your stock SIP orders are placed in your
trading account after the initial start date. Depending on the frequency you
select, your stock SIP orders will be placed at regular intervals.
You have the option to choose one
of the following frequencies for your stock SIP:
·
Monthly: Your stock SIP orders will be placed once a month on the
specified date.
·
Weekly: Your stock SIP orders will be placed once a week on the specified
day.
·
Daily: Your stock SIP orders will be placed every day.
Example
If you choose a monthly frequency
and set your SIP date as the 15th, your stock SIP orders will be placed on the
15th of every month.