Daily SIP

Registration

T = day of registration
T+2c = start of instalments

Debit Schedule

SIP debit happens on the following days:

Business Day Daily SIP: Mon, Tue, Wed, Thu, Fri (currently available)
Calendar Day Daily SIP: Mon, Tue, Wed, Thu, Fri, Sat, Sun (Coming soon)

Process (w/ UPI Autopay)

T = day of sip instalment

• on T-1c day: Notification about the next day debit will be sent to the investor by his bank, at around 5am
• on T day: Actual debit happens, at around 8am
• on T+1b day: Units are allotted on that day's NAV
• on T+1b+1c day: Unit allotment details are available. SMS notification is sent to the investor by the AMC.

API

In the on_search callback, scheme plans supporting daily sip will have a fulfillment of type = SIP and THRESHOLDS.FREQUENCY tag = P1D.

While making a select call, use that fulfillment id and provide the schedule as shown in the example below.

"fulfillments": [
    {
        "id": "34002",
        // ... other attributes
        "stops": [
            {
                "time": {
                    "schedule": {
                        "frequency": "R6/2025-05-15/P1D" // 6 instalments, starting 15th May
                    }
                }
            }
        ]
    }
]