What does ‘Frequency’ mean?

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.


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