Can I customize the dates for the SIP on FYERS?
Yes, FYERS offers flexible options when setting up a Systematic Investment Plan (SIP). You can choose from a set of available dates that align with your preferred investment cycle.
SIP date customisation on FYERS
- When initiating an SIP on FYERS, you’ll be prompted to select a preferred SIP date.
- The available dates will depend on the mutual fund scheme and AMC (Asset Management Company) policies.
- You can set the SIP to recur monthly, quarterly, or as per the frequency allowed by the fund.
- While fully custom dates (like arbitrary day selections) aren’t supported, FYERS provides a dropdown of valid options for ease of setup.
This helps you align SIP deductions with your salary date, billing cycles, or other cash flow preferences.
What if...
| Scenario | Explanation |
|---|
| You miss your chosen SIP date | The SIP will be cancelled. |
| Your SIP date falls on a weekend/holiday | SIP will be processed on the selected date, even if it falls on a weekend or holiday. |
| You want to change your SIP date | You'll need to cancel the existing SIP and create a new one with the updated date. |
| You don’t see your preferred date | Only AMC-supported dates will be shown. FYERS displays all valid options. |
Always ensure your mandate is active and the account has sufficient funds one day prior to the SIP date to avoid failed transactions.
Last updated: 11 Jun 2025
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