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What is “Quantity” based Equity SIP?

April 26, 2017based equity quantity SIP

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What is “Quantity” based Equity SIP?

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Quantity based Equity SIP is a SIP type wherein a fixed quantity of shares of your desired scrip is purchased at each frequency. In case of Quantity based SIP, the quantity would be as specified by you and would be fixed while placement of orders as per your desired frequency. The order value would be calculated based on the market price of the scrip prevailing in the market at the time of order placement.