Stock SIP is a tool that helps you to create wealth, by investing small amounts periodically instead of lump sums in a disciplined manner. The frequency of Stock SIP investment is daily, weekly or monthly.
The SIP orders will be placed between 11.00 am and 1.00 pm on the SIP day. View SIP Terms and Conditions for more details.
Terms and Conditions
I am aware that the said investments decisions in investing in STOCKSIP is with due consent. I am the owner / user of the said user id.
The investments discussed or recommended in reports / calls and on website of Angel Broking Pvt Ltd. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advisors, as they believe necessary. For more details / disclaimers refer to our website www.angelbroking.com
Angel Broking Pvt Ltd. reserves the right at anytime, with prior notice as per Regulations to add, alter, modify, change or vary all or any of the terms and conditions or to replace wholly or in part, the above offers by another offers, whether similar to above offers or not, or to withdraw it together.
The clients who are participants of the scheme will not hold Angel Broking Pvt Ltd. responsible for, liable for, any actions, claims, demands, losses, damages, costs, charges and expenses which they may suffer, sustain or incur by way of above offer.
Resident individuals, HUFs and Non-resident individuals (NRIs) are eligible to apply under the scheme. Applications complete in all respects will be accepted. The Company reserves the right to reject any incomplete forms.
The scrip name should be filled in full.
In the STOCKSIP, your orders would be executed as per the terms/ periodicity as accepted. I am aware that the selling of shares accumulated through the scheme will be at my own discretion.
4. Brokerage / Fee Structure and order execution
Normal brokerage as per the client category will be charged on the scrip’s accumulated through the scheme.
STOCKSIP orders will be executed in Exchange during market hours at market rate on best efforts basis.
Limits will be updated for the successfully executed transactions. This is subject to all other market conditions viz. Trade-to-trade guidelines, NRI order execution etc remaining same.
The min of brokerage of Rs 30 plus taxes will be applicable to each contract. Minimum brokerage charge is again subject to maximum permissible limit of 2.5% of total contract value.
5. Cancellation / Modification
Clients can cancel / modify STOCKSIP on-line using login and password.
Also, cancel / modify instruction can be given by calling Customer care dept, authenticating and placing the request.
On successful processing of request for modification / cancel the Client will be intimated vide email.
All such requests are free of cost.
6. Product terms and conditions
STOCKSIP will be triggered in an automated mode as per the STOCKSIP set up details basis the consent received at the time of first order entry and time period as prescribed.
In case of special trading sessions or an extended trading session when specific scrips are allowed to trade (example - special trading session on Akshay Tritiya when only GOLD ETFs are allowed trade), such dates will classified as STOCKSIP holiday dates. No STOCKSIP transaction will be carried out. Incase your STOCKSIP trigger date is falling on that day, the same would be triggered on next business day.
Trade execution is subjected to availability of limit/fund in your linked Bank account and successful debit as well as receipt of the same on trigger date. In case of systemic inability to debit funds due to any reason / system failure etc, STOCKSIP transaction would not be carried out.
For trigger of STOCKSIP, you should have the STOCKSIP limit (Calculated with the previous closing price of the scrips on the previous trading day) plus upto 10% of the STOCKSIP amount as free balance in his ABPL linked Bank account and successful debit on the same.
Number of scrip may be selected in single STOCKSIP application is 10.
In case of any regulatory reason, if your trading account is deactivated, then the STOCKSIP transaction will not be executed.
STOCKSIP will be triggered on the date as specified by the customer. Incase of Holiday, the same will be triggered on next business day.
ABPL will only trigger buy leg based on the instructions received from the Customer. Selling will be at the sole discretion of the customer or as per square off criteria of ABPL.
Excess funds remaining after STOCKSIP transaction will be credited in you ledger account. Securities bought under this scheme will be added in the limits on the day on which it has been bought. This is not applicable for NRI category clients as per NRI trading regulation.
Incase of insufficiency of funds, your STOCKSIP order will not be executed. There won’t be any partial execution of orders.
The Value based STOCKSIP – The number of units bought every month may vary depending upon the prevailing market price of the scrip. The number of units to be bought on transaction day will be derived by rounding of the units to the lower side.
Upper Cap – If STOCKSIP amount exceeds the caped amount specified by the client, then the STOCKSIP will not be triggered.
On trigger date customer, If selected scrips reach upper circuit, the order will be kept live till market ends. In this case the order may or may not get successfully executed depending upon the market.
Securities investments are subject to market risks and there can be no assurance or guarantee that the objectives will be achieved. Each client is advised to consult his/her own financial advisor/professional tax advisors before availing of scheme.
The Company may discontinue the scheme completely or partially by giving 15 days notice to the customer.
All other exchange conditions viz. Shortages, Auction etc. will be applicable.
Client would be provided the Contract Notes and other communication as per the normal practice basis (physical or electronic mode as consented by the client).
Corporate actions like face value split etc and subsequent change in the STOCKSIP quantity, will not be handled in the STOCKSIP. The client needs to intimate the customer care team for any revision in quantity OR may change the same by using login and password on online platform.
Corporate Black out period (No transaction period in the scrip) will not be handled in the STOCKSIP. This is applicable in respect of employees who have set up STOCKSIP in the company they work in.
The terms and conditions of the scheme will always be read and construed in conjunction with the provisions of the client member agreement entered into between the Company and the customer / Rights and Obligations as confirmed by the client.