How To Create Stocks SIP In Zerodha?

Finance Guru Speaks: In this article, I will share the steps through which you can create SIP for buying Stocks in Zerodha.

As per Zerodha Website:-

Systematic Investments - The primary function of this feature is to allow you to automate your investments by creating an order basket. A basket can have one or more stocks and ETFs. The idea behind asking to create a basket is that you can create a SIP towards a goal as a basket - which could be a basket of stocks and ETFs. While creating the basket that you link to your SIP, make sure to place a market order to ensure execution.

You can read my old article to know more about SIP (Systematic Investment Planning) and its benefits.

Zerodha, as a Trading and Demat Account, has gained very wide popularity because of very low-cost trading and ease of use. 

If you don't have the Zerodha account, then you can open it through this LINK. It is very easy to open a Demat Account in Zerodha.

Sharing steps to start SIP in Zerodha:-

1. Login to Zerodha after clicking here. Provide your User ID, Password, and then your assigned PIN to Login.

Zerodha Login

2. On the Home Page, Click on the Orders -> SIP -> New SIP as shown below:-

Click to enlarge - How To Start Stocks SIP in Zerodha

3. Provide SIP Name and Click on New Basket as shown below:-

Click to enlarge - How To Start Stocks SIP in Zerodha

4. Provide Basket Name and Click on Create as shown below:-

Click to enlarge - How To Start Stocks SIP in Zerodha

5. Enter Stocks for SIP Investments as shown below:-

Click to enlarge - How To Start Stocks SIP in Zerodha

6. Enter the Stocks Quantity to buy. As it is for Long Term, keep Buying Price as Market. Click on Add button as shown below:-

Click to enlarge - How To Start Stocks SIP in Zerodha

7. Click on Close button once your Bucket is created with your SIP Stocks:-

Click to enlarge - How To Start Stocks SIP in Zerodha

8. Select the Created Basket, provide your SIP Date and Time and Click on Create button:-

Click to enlarge - How To Start Stocks SIP in Zerodha

Congratulations! You have successfully created SIP for buying Stocks in Zerodha.

Click to enlarge - How To Start Stocks SIP in Zerodha

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Images Courtesy: Zerodha Website