SmartSIP is revolutionary new order type for investing in Mutual Funds.
A SmartSIP automatically follows the rule of Buying Low and Selling High instead of a regular SIP which buys units even when markets are high. In a SmartSIP order, when the market prices are expensive, money is invested in low risk liquid funds and when the market prices are cheap, more money is invested in equity funds.
Low MosDex Value = Expensive markets = Liquid / Debt Scheme
High MosDex Value = Inexpensive markets = Investor Chosen Equity Scheme .
Get Higher returns while also maintaining the discipline of SIPs via SmartSIP.
For Detailed understanding of the order execution mandate, please refer our terms and conditions page.
A SmartSIP order is much superior than a regular SIP on account of the following:
A SmartSIP follows the same discipline of the SIP with respect to amount and frequency, therefore it is mandatory to have mandate / auto debit facilities.
Note: The SmartSIP Installments will only be triggered once the SmartSIP Mandate is registered and approved. First order today facility is not available with SmartSIP.
SmartSIP is a Simple order with two legs – Investor Chosen Equity scheme and ICICI Prudential liquid fund. Investment in the either schemes and rebalances from liquid to equity and vice versa are made based on the MosDex value of the Equity Scheme. Most schemes have minimum transaction limits for additional purchases/redemptions due to which the minimum installment size is kept at Rs. 5000.
The current mandate is registered for SIP and there is a separate Mandate required for SmartSIP , therefore we request you to kindly execute a SmartSIP order and follow the process to create SmartSIP Mandate.
SmartSIP shall not stop if mandate debit instruction is rejected. In case of a rejection, your instalment amount shall be debited from your SAMCO Ledger account (if adequate funds are available) and your SmartSIP order shall be processed. In case of inadequacy of funds in your ledger account, the transaction for that month shall be skipped and the same shall be attempted in the subsequent month.
The money will be debited 2 working days prior to the SmartSIP transaction day. In case of SmartSIP the money debited will be that of the installment amount. In case of SmartSIP+ or SIP+ transactions, the twice the amount of money shall be debited from your bank account.
Note : Kindly keep your account adequately funded 2 working days in advance of SmartSIP installment date.
SmartSIP has 2 options , with top up and without top up . SmartSIP+ is the variant with the top up option. When the margin of safety index is very high , then an additional amount equivalent to the SmartSIP installment amount is invested for superior returns to as compared to the SmartSIP.
SmartSIP is like a regular SIP presumes that the SIP installment amount each month shall remain the same. So, if the regular SIP amount is Rs. 10000 for 60 months over 5 years i.e. a total investment of Rs. 6,00,000, the amount under SmartSIP would also be equal to Rs. 6,00,000 i.e. Rs. 10,000 * 60 months.
In the SmartSIP+ variant, additional top up amounts are drawn from your account depending on the Margin of Safety. For e.g. if the Margin of Safety was 106 for a particular month on SIP day, instead of Rs. 5,000 which would otherwise be drawn, Rs. 10,000 is drawn for that month.
SIP has 2 options, with top up and without top up . SIP+ is with top up option. When the Margin of Safety index is very high , then over an above the normal SIP amount,an amount equivalent to the SmartSIP installment amount is invested as an additional amount over an above the monthly instalment for superior returns to regular SIP
In the SIP+ variant, no sell or skip transactions are made but only top up SIP transactions are undertaken in months where Margin of Safety is high. This is suitable for lock in schemes like ELSS schemes where sale transactions are not permitted on account of lock in period.