How do I place an Equity SIP (Smart SIP) order in FYERS?

How do I place an Equity SIP (Smart SIP) order in FYERS?

A Smart Equity SIP (Systematic Investment Plan) helps automate recurring stock purchases at a selected frequency. The SIP can be configured using quantity, schedule, and optional advanced settings such as price ranges, step-up conditions, and expiry.

Smart Equity SIP is available in Delivery/Overnight and MTF.


On FYERS App

To place a Smart SIP order on the FYERS App:

  1. Log in to the FYERS App.
  2. Go to Watchlist and select the required symbol.
  3. Under the Overview section, tap Smart SIP.
  4. Select the required product type:
    • Delivery
    • MTF
  5. Enter the required Quantity.
  6. Select the Frequency.
  7. Select the SIP Schedule.
  8. Enable Execute the First SIP Immediately, if required.
  9. Expand Advanced to configure additional settings, if required:
    • Expiry
    • Higher Price Range
    • Lower Price Range
    • Step-up Frequency
    • Step-up Quantity
  10. Review the required funds and charges.
  11. Tap Place order to create the Smart SIP.

On FYERS Web

To place a Smart SIP order on FYERS Web:

  1. Log in to FYERS Web.
  2. Go to Watchlist and select the required symbol.
  3. Under the Overview section, click Smart SIP.
  4. The Smart SIP Order window will open.
  5. Select the required product type:
    • Delivery
    • MTF
  6. Enter the required Quantity.
  7. Select the Frequency.
  8. Select the SIP Schedule.
  9. Enable Execute the First SIP Immediately, if required.
  10. Expand Advanced to configure additional settings, if required.
  11. Review the required funds and charges.
  12. Click Place order to create the Smart SIP.

On FYERS Trader

To place a Smart Equity SIP on FYERS Trader:

  1. Log in to FYERS Trader at trade.fyers.in.
  2. Select the required symbol.
  3. Open the Buy order window.
  4. Click the Smart tab.
  5. Select Smart Equity SIP.
  6. Select the required product type:
    • Overnight
    • MTF
  7. Enter the required value using Qty or Amount.
  8. Select the Frequency.
  9. Select the SIP Date.
  10. Enable Execute the first SIP immediately, if required.
  11. Enable Advanced to configure additional SIP settings, if required.
  12. Review the order details and click Start.

What do the Smart SIP

Quantity: Specifies the number of shares to be purchased in each SIP instalment.

Frequency: Defines how often the SIP is scheduled to run.

SIP Schedule / SIP Date: Specifies the scheduled date on which the recurring SIP order is placed.

Execute the First SIP Immediately: Allows the first SIP instalment to be placed immediately instead of waiting for the next scheduled SIP date.

Higher Price Range: Sets the upper price boundary applicable to the SIP.

Lower Price Range: Sets the lower price boundary applicable to the SIP.

Step-up Frequency: Defines how often the SIP quantity is increased.

Step-up Quantity: Specifies the quantity by which the SIP is increased at the selected step-up frequency.

Expiry: Defines the condition or date on which the Smart SIP stops.