InvestorQ : What is the difference between Equity SIP request and Equity SIP order?
Krimi Gandhi made post
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What is the difference between Equity SIP request and Equity SIP order?

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Rohan Bhadani answered.
3 years ago
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Equity SIP is a new facility offered through indiainfoline.com using which you can place buy orders for a prespecified amount or for a prespecified quantity in scrips of your choice at regular intervals over a period of time as selected by you. For instance, you can select an Equity SIP for a period of say 6 months to invest 3000 per month / other permitted frequency in shares of BHEL or alternatively you can choose to buy 1 shares of BHEL every month / other permitted frequency through Equity SIP.  After you have provided the necessary details i.e the scrip, amount / quantity to be invested, frequency of investment, total time period and authorized India Infoline Limited (IIFL) vide your Equity SIP request, IIFL will place your Equity SIP buy orders at market price.
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