Upstox has introduced “Stock SIP,” a new feature that automates the wealth creation process. Stock SIP allows users to invest in stocks and ETFs via Systematic Investment Plan (SIP), just like mutual funds. This feature helps average out investment costs over time, making it easier to invest without constantly monitoring the market.
Key features of Stock SIP include:
Scheduling SIPs on stocks and ETFs: Users can choose to SIP on any stock from the Nifty 250 basket or ETFs either weekly or monthly, with a maximum of 20 SIPs of different schedules per stock or ETF.
Investing by amount or quantity: Users can select either a predefined amount or a quantity that will be automatically invested according to their schedule.
Protection against market volatility: SIPs are triggered at 11 AM to avoid buying illiquid ETFs during market open when stocks and ETFs tend to be volatile.
In future releases, users will be able to set up bank mandates and automate payments for SIPs and monitor their XIRR over time.
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Hello Nilay,
When it comes to investing in funds, there are a multitude of options available in the market. However, if you’re looking for a simple and reliable way to get started with investing, Nifty50 ETFs can be a good choice.
Nifty50 ETFs are exchange-traded funds that track the performance of the Nifty 50 index, which is composed of the 50 largest and most liquid stocks listed on the National Stock Exchange of India. By investing in a Nifty50 ETF, you can gain exposure to a diverse set of blue-chip companies across various sectors, which can help reduce your investment risks.
They have lower management fees compared to actively managed funds. You can gain exposure to a diversified portfolio of stocks across various sectors. Nifty50 ETFs are listed on the stock exchange, which means you can buy and sell them easily during market hours
Overall, if you’re looking to start investing in funds, Nifty50 ETFs can be a good place to begin. They offer a simple, low-cost, and diversified way to invest in the Indian equity market. However, as with any investment, it’s important to do your own research and consult with a financial advisor before making any investment decision
Needless to say you can do all of this through Upstox as well. We have recently revamped our Mutual Fund section, so do not forget to check that out as well.
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