StockBasket SIP Archives - StockBasket Blog

StockBasket decoded

Everthing about StockBasket SIP

By Anil Poonia September 23, 2020

Before talking about what is StockBasket SIP, let us first discuss about Equity SIP

Equity SIP is the process of investing periodically in equities via SIP, this is similar to the Mutual Fund SIP.

Now let us have a look at StockBasket SIP:

StockBasket, as you all know, is an expert-curated ready-made basket of stocks, with our latest feature of StockBasket SIP, this feature will allow investors to buy a particular StockBasket periodically and in a disciplined manner.

StockBasket SIP will allow investors to invest in baskets or mini portfolios of stocks in monthly, quarterly, six-monthly and yearly frequencies. 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.

Why StockBasket SIP?

A historical study has shown us that to create true wealth, we have to do three things right –

Save a sizeable portion of your income, meaning do not under-invest
Regularly invest your savings in shares great quality companies via stock market &
Hold shares of these great quality businesses for as long as possible.

In our effort to inculcate wealthy habits and to provide superior investment solutions to retail investors, we are happy to introduce SIP feature in StockBasket.

How it can help retail investors to huge a Corpus:

Let’s take an example of Retirement in 2040 lite basket – it has 9 stocks, but this is not enough for your retirement, what we are trying to say here is you need to buy the basket regularly to increase your share in these superior stocks in the form of baskets, thus helping you to create a huge corpus

Benefits of StockBasket SIP:

The key benefits of StockBasket SIP are:

Disciplined investing approach: SIP will help you to invest your money in a disciplined manner thereby helping you create wealth in the long-term.

Wealth creation with small periodic investments with SIP: SIP will help you grow your wealth by investing small amounts from your income regularly in quality stocks via baskets.

Risk aversion with StockBasket SIP: It helps you as an investor to invest timely in diversified baskets or mini portfolios of Stocks thereby reducing the risk in the stock market.

Power of Compounding: Investing in the right stocks for a long time gives you an edge with the power of compounding which ultimately helps in long term wealth creation.

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StockBasket decoded

How to start a StockBasket SIP

By Anil Poonia July 16, 2020

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

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StockBasket decoded

How to Set up an Auto-debit Mandate on StockBasket App

By Anil Poonia July 16, 2020

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

Step 5: Click on Download Mandate.

Step 6: 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.