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If you want to invest in stocks but you are not sure at what price you should buy them, Equity SIP (ESIP) or Stocks SIP is the best for you. Investing in stocks via SIP allows you to park a small amount at regular intervals, avoiding the risk of market timing. There are some brokers that offer investors the SIP feature in stocks to create long-term wealth. Check out a list of 10 best or most popular brokers to start equity SIP.
Equity SIP stands for Systematic Investment Plan in Shares. Similar to mutual funds, retail investors can start SIP in their choice of stocks whereby they can invest a fixed amount of money at regular intervals, e.g., weekly, monthly, fortnightly, and so on.
SIP is undoubtedly a boon for retail investors as it avoids the risk of buying stocks at a high price. As in SIP, shares are bought at different prices, providing rupee-cost-averaging benefits.
Suppose, you have purchased 30 shares of a company at Rs 100, and on the next SIP installment, the price falls and as a result, you have bought 30 shares at Rs 80, so the average cost of 60 equity shares will be Rs 90.
It is the most convenient, flexible, and disciplined way of equity investment to buy quality stocks. You can start SIP in stocks in two ways: quantity-based (number of shares) SIP and amount-based SIP. In quantity-based SIP, a fixed number of shares at the prevailing price is purchased while in amount-based SIP, a fixed amount is invested periodically.
Many brokers, both discount brokers and full-service brokers, allow SIP in equity stocks on their platform. Here, find a list of the 10 best brokers to start equity SIP in shares. The list of the 10 most popular Stock SIP-providing brokers includes 5 discount brokerages and 5 full-service brokerages.
Broker | Delivery | Reason | Account Opening | Demat AMC | Review | Request Callback |
---|---|---|---|---|---|---|
Zerodha | Free |
| Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) | Rs 300 PA | ![]() | Open Account ![]() |
5paisa | Flat Fee Rs 20 |
| Free | Rs 300 PA | ![]() | Open Account ![]() |
Angel One | Free |
| Free | Rs 240 PA (Waived for 1st year) | ![]() | Open Account ![]() |
Sharekhan | 0.5% or 50 paisa |
| Free | Rs 400 PA (Waived for first 3 year) | ![]() | Open Account ![]() |
Paytm Money | 2.5% or Rs 20 whichever is lower |
| Rs 200 | Free | ![]() | Open Account ![]() |
Upstox | 2.5% or Rs 20 whichever is lower |
| Promotion offer: Free | Free | ![]() | Open Account ![]() |
Zerodha Trade@20Want to start your investment journey, join India’s number one online broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account |
If you are looking for discount brokers with an Equity SIP feature, Zerodha and Upstox are the two recommended brokers.
However, if you are looking for a full-service broker to access equity research and stock trading tips also, ICICI Direct, HDFC Securities, and Nuvama (Formerly Edelweiss) are the best equity SIP brokers.
Equity SIP is a viable investment option for small investors. You can invest in small amounts periodically without worrying about the volatility factor of the market. This approach is best for long-term financial goal achievement. Equity SIP provides the following benefits:
You can invest in Equity SIP in two ways amount based or quantity based. All brokers allow you to create multiple SIP request, each request should be either amount based or quantity based, you can mix and match different types in one request.
All these requests are submitted to exchange on availability of funds in your trading account.
Equity SIP is a process which you need to set up one time. Let's discuss the steps which you need to take care to set up your process.
The order will be placed as a Market Order only and work same as Cash Market Order.
The Equity SIP request is an authorization given by you to the broker for placing buy orders as per your instructions mentioned in the request.
The orders placed by a broker as per your authorization through the SIP request are called Equity SIP orders.
Yes, both Zerodha and Upstox provide equity stock SIP facility to customers. Customers can start SIP in picked stock to invest a fixed amount or buy a specified number of shares on the scheduled date.
Thanks for your query, buy stock regularly is a good way to average your holding in the long term. The automatic process is called "Equity SIP". Equity SIPs allow investors to systematically purchase shares / ETFs, through periodic payment either daily, weekly fortnightly or monthly.
Now you have two options: