What is SIP date?

What is SIP date?

The date of the SIP is the date on which each month the client's investments will be processed. When a client does a SIP with 5paisa amount is debited from their bank account 1 business day prior to the SIP Date.

For Non First order today SIPs, the first installment / Start date of the SIP depends on the status of approval of Auto Pay. If AutoPay is approved at the time of placing orders, the first installment will be on the first SIP date after a 5-day gap.

If SIP is placed with AutoPay  that is not approved by the bank yet, then the first installment date will be the first date of SIP after a minimum 15-day gap.

Note: You cannot change the date of the existing SIP but you can cancel the existing SIP and place another order with the date you want.

    • Related Articles

    • How to Start SIP for Smallcases?

      For a step by step guide on setting up SIP, refer to the instructions below: Start SIP Check the SIP box while buying the smallcase OR From the Investments tab, click on the smallcase you want to setup SIP for and select Start SIP from More Actions ...

    • Things you can do using 5paisa’s Stock SIP feature

      Create a sip based on quantity for any stock of your choice Select the interval - daily monthly or weekly Backtest using actual data of stock performance  Select the SIP start date of your choice Modify the SIP intermediately  Auto ordering ...

    • How to place a Stock SIP?

      Investing in Stocks through SIP is extremely easy. All you need to do is: On the User screen, click on Stock SIP. On the Stock SIP screen you will see the Stocks that are available for investment through SIP. In this example we are selecting SBIN ...

    • How to place a Stock SIP-Web?

      On the Stock SIP screen, you will see the Stocks that are available for investment through SIP. In this example, we are selecting AXIS BANK stock from the available stocks.Add in the SIP amount, select the frequency at which you want to invest ...

    • How can I start an SIP and can I shift my existing SIPs to 5paisa?

      Investment in SIP can be done via the below steps: 1.      Log in to your 5paisa account Go to the Mutual Funds section 2.      Select Funds from our Popular Funds section or basket of funds based on your investment objective. 3.      Click on "Start ...