E-SIP stands for equity SIP, a special feature that allows customers to invest a fixed sum of money in a stock during a fixed interval of time. Nuvama Wealth facilitates customers to start SIP in stocks.
Steps to do e-SIP in Nuvama app:
- Log in to the Nuvama trading account.
- In the bottom-right side, tap on the “More” option and hit “E-SIP” order.
- To start fresh SIP, tap on the place an e-SIP order.
- Select the stock, you want to start e-SIP in.
- Add order details amount, e-SIP date, etc, and hit “Submit” option.
- Check the e-SIP order in the order status tab.