How to place Equity SIP order

Equity SIP is an excellent way to invest in your favorite stocks through a systematic investment plan on a Monthly, Fortnightly, Weekly or Daily basis wherein you have the option to set up pre-defined order in upto10 stocks of your choice.

You also have the flexibility of placing Quantity Based or Amount Based orders.

Quantity: The order will be placed based on the desired Quantity on the date you have selected for the debit or on the next working day in case of trading holidays, based on the frequency selected while placing the order.

Amount: The order will be placed for a pre-defined Amount on the date you have selected for the debit or on the next working day in case of trading holidays, based on the frequency selected while placing the order.

The amount for both the order will be debited from your account as explained below:

1) Customers with an Axis Bank accounts linked with their trading account and the bank POA/Bank Mandate Letter (BML) is submitted: The amount will be held & deducted from the linked bank account on the day of the order.

2) Customers with a Non-Axis Bank account linked or who have not submitted the bank POA/Bank Mandate Letter (BML) is submitted: Such customers would have block/hold the amount in their trading account before the order is placed for the order to go through.

Step 1: Login to login to your account, click on ‘SWIFT TRADE’ and then select ‘Equity’

Step 2: Select ‘Start SIP - DIYSIP’ to proceed with the order

Step 3: An order page would open up which allows you to place orders for 10 stocks of your choice, you need to fill the following details before you proceed to the next step:

1) Basket Name: Create a Name of your choice for your Basket

2) Facilitator: Optional Field, it is to update the name of the Employee/Personnel who informed you about Equity SIP

3) SIP Type: Whether you want your orders to be Quantity Based or Amount Based

4) Date Month Year: The desired date you wish to start your SIP (Please Note: If the day of the order falls on a weekend or a trading holiday the order will be placed on the next working day)

5) Frequency: Monthly, Fortnightly, Weekly or Daily

6) Total Period (In Months): The number of months you wish to run SIP

7) Exchange: The desired exchange you wish to place the order

Once you selected the above enter name of the desired stock/s you wish to invest in and the Quantity or the Amount based on your order type, agree to the Terms and Conditions and click on ‘PLACE ORDER’ to proceed

Amount Based Orders: Enter the desired amount under the Amount column as shown in the figure below

Quantity Based Orders: Enter the desired quantity under the Quantity column as shown in the figure below

Step 4: Check the order details and click on ‘CONFIRM ORDER’ to proceed or click on ‘MODIFY’ to go back to the basket to modify your order

Now your order is successfully captured

How to check the ongoing Equity SIP?

Click on Equity and select ‘DIY SIP Request Book’

Your ongoing active basket/s would show up on the screen, you can:

MODIFY

CANCEL

VIEW SIP BASKET

PAUSE

START

PREVIOUS TRAIL (Order Trails)

END