What is "Quantity" based Equity SIP?

What is "Quantity" based Equity SIP?

A quantity-based Equity SIP (Stock SIP) allows you to specify the number of shares you want to buy at regular intervals (frequency). The total order value is calculated based on the current market price of the stock when the order is placed plus a small additional amount known as the buffer amount.

ยท       Buffer Amount: This extra amount prevents order rejections due to stock price fluctuations, ensuring that your order can be successfully placed even if the stock price changes slightly.