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how SIP works in momentify?

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  • N Offline
    N Offline
    Nikhil Ranade
    wrote on last edited by
    #1

    I had made a real strategy initially with 50k with monthly Re-balancing and SIP of Rs 10,000 which will trade in total 13 scripts from N500 universe. I had locked my upper price level of a script with Rs.3500 to adjust the total allocation amount and total number of scripts defined in my strategy. On 14th of this OCTOBER, I had entered in this strategy for the first time. My next rebalance will be on 14th of each MONTH. OK?
    My query here is that, will my SIP amount get added per stock? and after rebalancing every month my allocation will increase by 10k, so do I have to edit the UPPER PRICE LIMIT as per my allocation every time?

    Please guide me in detail.
    Thanks...!
    Nikhil Ranade

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