I like to purchase stocks regularly in small quantities, please advise how?

Question

I like to purchase stocks regularly in small quantities, please advise how?

Accepted Answer · 2019-08-30

Thanks for your query, buy stock regularly is a good way to average your holding in the long term. The automatic process is called "Equity SIP". Equity SIPs allow investors to systematically purchase shares / ETFs, through periodic payment either daily, weekly fortnightly or monthly.

Now you have two options:

Open your trading account with the brokers who are providing the Equity SIP facility and set up your process, so you don't have to worry for buying shares on every cycle. The broker will take necessary action to buy shares in your account on the availability of fund. The only issue is brokerage is much higher, as currently, no discount broker provides this service.
Open account with Zerodha, Upstox - as they provide free delivery trading service. So you don't have to pay any brokerage when buy a small quantity. The only issue is that you have to set reminders and manually go and buy the shares.

I like to purchase stocks regularly in small quantities, please advise how?

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