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StockBasket SIP

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StockBasket – India’s first long-term buy and hold investment platform is changing the way, retail investors invest in stocks, and to further inculcate the habit of invest regularly it has a feature of StockBasket SIP which will help retail investors to invest in StockBasket in monthly, quarterly, six-monthly and yearly frequencies. 

StockBasket SIP which will enable investors to buy a particular StockBasket periodically and in a disciplined manner, this is similar to your SIPs in mutual funds, however, with StockBasket you will directly own shares of these companies in your demat account.

StockBasket SIP would help you to invest regularly in quality stocks via baskets thereby helping you to tackle market volatility and creating a sizable corpus with small regular investments. 

So let us see how we can start a Stockbasket SIP:

Step 1: Login to StockBasket app using your Client Id and trading password, now from the “Home page” go to “Explore Page”

Step 2: From the “Explore page” select the basket as per your financial needs

Step 3: After selecting the basket you get two options either to buy the basket lump sum i.e. “Buy Now’ or “SIP”, select “SIP

Step 4: Select the quantity of basket, select the SIP frequency, you can select the available frequencies 

  • Monthly
  • Quarterly
  • Half-yearly
  • Yearly

and Select the Start date as per your convenience.

Step 5: Click on Review SIP Order to proceed, check the details filled in.

and click on Start SIP and pat your back for a job well done.

With this, your SIP order is successfully placed. But for deducting SIP amount from your linked bank account you need to set up a mandate. To know how to set up a mandate click here

You can also watch our video on How to place SIP order on StockBasket app

For a successful SIP order, you need to also make sure that you have set up a mandate. 

So What exactly is a Mandate: A mandate is an auto-debit facility which allows us to deduct the amount from your bank account for completing your SIP order.

Generally, your SIP mandate amount is greater than your SIP amount to ensure that your SIPs are executed flawlessly even though market prices keep fluctuating.

You need to follow the below steps to set up your mandate:

Step 1: Login to StockBasket app using your Client Id and trading password, now from the Home page go to My Account.

Step 2: Click on Mandates in My Account section.

Step 3: Click on Create New Mandate.

Step 3: Select your Bank account which you want to link for the mandate and enter the Mandate amount.

Step 4: Click on Download Mandate.

Step 5: A pdf file will be generated and downloaded on your mobile, take a print and sign the document, please ensure that the signature matches with your bank signature records to avoid rejection of the mandate.

Step 6: Take a picture of the document and upload the document in the Mandate section available in My Account.

After you upload the mandate it takes approximately 3-4 weeks to verify the mandate and link with your Bank account 

In case if you face any difficulty in the process you can contact us at 022-2222 7777

Or you can also email us at support@samco.in

 You can also watch our tutorial video on How to Set up an Auto-debit Mandate on StockBasket App by clicking here

  • +91-22-22227777
  • support@samco.in
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