Systematic Investment Plans (SIPs) have become one of the most popular methods for investing in mutual funds. They allow investors to contribute regularly, making it easier to build wealth over time. Zerodha, one of India’s leading stockbrokers, offers a seamless platform for starting SIPs. If you're looking to start your SIP journey with Zerodha, this guide will walk you through the entire process. 

Why Start a SIP in Zerodha? 

Zerodha offers multiple benefits for investors: 

  1. User-Friendly Interface: Zerodha’s Kite and Coin platforms make investing simple and intuitive. 

  1. Direct Mutual Funds: Zerodha’s Coin platform allows you to invest in direct mutual funds, eliminating distributor commissions. 

  1. Zero Commission: Save on commissions and maximize returns. 

  1. Convenience: Easily track your SIPs and portfolio through the app or website 

Steps to Start SIP in Zerodha 

Using the Kite App 

  1. Open the Kite App: Log in to your Zerodha account on the Kite mobile application. 

  1. Access the SIP Section: 

  • Tap on the Orders tab. 

  • Select SIPs. 

  1. Create a New SIP: 

  • Tap on New SIP. 

  • Enter an SIP name of your choice. 

  1. Link a Basket: 

  • Link an existing basket of orders or create a new one by clicking on New Basket. For detailed instructions, refer to How to place basket orders on Kite. 

  • Select the desired basket. 

  1. Set Schedule: 

  • Choose your preferred date and time for the SIP. 

  • Swipe on Create to finalize. 

Using the Kite Web 

  1. Log In to Kite Web: Access your Zerodha account through the Kite web platform. 

  1. Navigate to the SIP Section: 

  • Click on Orders. 
  • Select SIP. 

  1. Create a New SIP: 

  • Click on New SIP. 

  • Enter a name for your SIP. 

  1. Link a Basket: 

  • Link an existing basket or create a new one by clicking on New Basket. Refer to How to place basket orders on Kite for more information. 

  • Select the basket. 

  1. Set Schedule: 

  • Specify the desired date and time for the SIP. 

  • Click on Create to confirm. 

SIP Scheduling Options in Zerodha 

While Zerodha does not provide weekly or monthly scheduling options for SIPs, you can select specific dates for SIP execution. Below are the details: 

  • Schedules: Up to five schedules can be set for any day of the month between 9:30 AM and 3:00 PM at 30-minute intervals. 

  • Holiday Adjustments: If the scheduled date falls on a market holiday, the SIP order will be placed on the next trading day. 

  • Modifications: SIPs can be paused or modified as required. For detailed steps, see How to modify a stock SIP. 

Linking and Managing Baskets 

A basket is a collection of multiple orders that can be executed simultaneously. To create an SIP in Zerodha, linking one or more baskets is mandatory. Here’s how it works: 

  • Existing Baskets: Link an existing basket of stocks. 

  • Creating New Baskets: If no basket exists, create a new one by selecting New Basket during the SIP setup process. 

  • Multiple Baskets: If multiple baskets are linked, all orders within them will be executed in the same SIP trigger. 

 

 

Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.