Stock SIP mandate or AutoSIP is a smart way to regularly invest in individual stocks automatically, just like you do with mutual funds through SIPs. It's hassle-free and lets you build your stock portfolio over time while staying disciplined with your investments.
Setting up your AutoSIP on Upstox is quite simple. Here are the steps:
Step 1: Click on ‘Set up AutoSIP’.
Step 2: Choose the payment method for setting up the AutoSIP.
Step 3: Make a refundable payment of ₹1 to verify your bank details.
Step 4: Select your digital payment platform.
Step 5: Please Confirm the automatic payment request by entering your UPI PIN.
Step 6: You have successfully set up your AutoSIP.