1.

What is Systematic Investment Plan (SIP)?

SIP is a facility being offered by Citi Wealth Advisors (CWA) through which you can place BUY orders for a specified
amount or quantity in scrips/ETFs of your choice at frequency selected by you for a fixed period of time.
2.

What is Systematic Withdrawal Plan (SWP)?

SWP is a facility being offered by Citi Wealth Advisors (CWA) through which you can place SELL orders for a
specified amount or quantity in scrips/ETFs of your choice at frequency selected by you for a fixed period of time.
3.

How can I invest through SIP/SWP?

You can invest in SIP/SWP through the following modes:

a.
b.
c.
d.
4.

Through online trading portal https://www.brokerage.citiwealthadvisors.co.in

(This facility is currently not available. It will be offered soon.)
By submitting filled physical SIP/SWPs forms at the branch office of CWA
Over phone to the Call & Trade Desk.
Over phone through Equity Advisors

How can I place SIP/SWP requests online?

To invest in SIP/SWP through our online channel, you will have to follow the following 2 easy steps:
a.
b.

Log in to the online trading portal: https://www.brokerage.citiwealthadvisors.co.in

Place SIP/SWP requests by going to the following path: Equity> Systematic Investments/Withdrawal Plan >
New SIP/SWP

(This facility is currently not available. It will be offered soon.)

5.

How can I place SIP/SWP requests through physical channel?

You can also initiate SIP/SWP requests by filling and submitting physical forms to one of our branches.
a.
b.
6.

The physical form can download from www.citiwealthadvisors.com>Customer Service> Download Forms
The form will have to duly filled and signed and submitted to one of our branches

Why should I invest through SIP/SWP when I can invest in cash segment?

SIP allows you to systematically buy a specified quantity of shares or invest a specified amount at fixed intervals over
a defined period. SWP on the other hand allows you to sell fixed quantities of shares or shares of a specified amount
at fixed intervals of time for a defined period in a disciplined manner.
It is very difficult to time the markets. Systematic investment eliminates the need to track markets actively and helps
in distributing your investment over a period of time.
7.

What is a SIP/SWP Request?

SIP/SWP request is an instruction given by you to Citi Wealth Advisors to place SIP/SWP orders as per the details
specified by you. The details specified by you will include the plan (SIP or SWP), type (amount or quantity),
frequency (daily, weekly or monthly) and the time period.
8.

What is the difference between SIP/SWP request and SIP/SWP order?

SIP/SWP request is a onetime authorization given by you to CWA for placing orders as per instructions mentioned in
the request. The periodic orders placed by CWA as per your onetime authorization are called SIP/SWP orders.

9.

What are the different types of SIP/SWP requests available with CWA?

The different types of SIP/SWP requests that can be placed are as follows:
Amount based SIP
Quantity based SIP
Amount based SWP
Quantity based SWP
10. What is meant by Frequency?
Frequency means the time interval, after the start date, with which you wish to place SIP/SWP orders in your
account. At Citi Wealth Advisors, the facility SIP/SWP is available at following frequency:
1.
2.
3.

Daily: The orders will be placed daily on all trading days. On trading holidays, the orders will not be placed.
Weekly: Orders will be placed once a week on the day specified by you. If the specified date falls on a
trading holiday, orders will be placed on the next trading day.
Monthly: Orders will be placed once a month on the day specified by you. If the specified date falls on a
trading holiday, orders will be placed on the next trading day.

If you have placed a SIP request for buying 10 shares of ACC at a 'Weekly' frequency for a total period of 2 months
with start date Jul 01, 2013 which falls on Monday, CWA will place weekly orders on every Monday for this SIP till
Aug 31, 2013. The first order will be on the Start date (Jul 01, 2013) and the next order will fall on next week on Jul
08, 2013 and so on till Aug 31, 2013.
Similarly, if you have placed a SIP request for 15 shares in Infosys with monthly frequency for the period of 3 months
with start date Jun 03, 2013, then the first SIP order for 15 shares in Infosys will be placed by CWA on Jun 03, 2013
and the next SIP dates will be Jul 03, 2013 and Aug 03, 2013.
Please note that while creating SIP/SWP request, Start Date in should not be a trading holiday.
11. What is Amount based SIP?
Amount based SIP facilitates investment of a fixed amount in scrip of your choice at a pre defined frequency for a
definite period of time as specified by you. In this case you need to specify the amount that needs to be invested in
scrip of your choice at your desired frequency.
For e.g., if you have placed a SIP for Rs 5000 in Reliance for a period of 12 months with monthly frequency, it means
that every month, Reliance shares worth Rs 5000 will be bought for a period of 12 months.
12. What is Quantity based SIP?
Quantity based SIP facilitates buying of a fixed quantity of shares of your desired scrip at a pre-defined frequency for
a definite period of time as specified by you.
For e.g. if you have placed a quantity based monthly SIP request for 100 shares of Dabur for a period of 6 months,
100 shares will be purchased every month as per the date specified by you for 6 months.
13. What is Amount based SWP?
Amount based SWP facilitates selling of a fixed amount in shares of your desired scrip at a pre defined frequency for
a definite period of time as specified by you.
For e.g. if you have placed a SWP for Rs 5000 in Reliance at weekly frequency for a period of 1 month, it means that
Reliance shares of amount Rs 5000 will be sold weekly once on a specified day for 1 month.

14. What is Quantity based SWP?

Quantity based SWP facilitates selling of a fixed quantity of shares of your desired scrip at a pre-defined frequency
for a definite period of time as specified by you.
For e.g. if you have placed a quantity based SWP request with daily frequency for 100 ACC shares for 6 months, 100
ACC shares will be sold every day for 6 months.
15. What is margin% that will be deducted from amount based SIP/SWP?
Currently, margin % that will be deducted from your amount based SIP/SWP will be 5%. This is to prevent against
any fluctuations in the market price of the security.
16. What is the quantity of shares purchased in amount based SIP?
The formula for calculation of the quantity of shares that will be purchased is as below.
Quantity = SIP Amount Margin % / Prevailing Market price
Any fractional quantity will be ignored and order will be placed for the balance quantity.
For e.g. if you have placed a daily SIP request for Rs 10000 for Dabur, and if the market price of Dabur at the time of
order placement is Rs 156, 60 shares {(10000-5% of 10000}/156 = 60.89, 0.89 will be ignored) of Dabur will be
purchased.
17. What is the quantity of shares sold in amount based SWP?
The formula for calculation of the quantity of shares that will be sold is as below. Any fractional quantity will be
ignored and order will be placed for the balance quantity.
Quantity = SWP Amount Margin % / Prevailing Market price
For e.g. if you have placed a daily SWP request for Rs 10000 for Dabur, and if the market price of Dabur at the time
of order placement is Rs 156, 60 shares {(10000-5% of 10000}/156 = 60.89, 0.89 will be ignored) of Dabur will be
sold.
18. What is the amount that will be held in quantity based SIP?
The formula for holding the funds in case of quantity based SIP is as below.

Amount to be held = Quantity* Prevailing Market price * (1+Margin %)

For e.g. If you have placed a quantity based monthly SIP request for 100 shares of Dabur and market price of Dabur
at the time of order placement is Rs 156, funds will be held for an amount of Rs. 16380 (156*100*1.05).
19. Do I need to allocate funds/shares for placing SIP/SWP Request?
No. SIP/SWP Request is merely an authorization given by you to CWA to place orders in your account as per your
instructions vide the SIP/SWP Request. Hence, funds/shares are not required when you are placing SIP/SWP
requests. However, CWA will try to mark fresh hold on the funds/securities in clients bank/demat account for
execution of SIP/SWP orders on the order placement day even if sufficient shares/margins are already available.
In case funds/shares are insufficient the entire SIP/SWP order will be rejected. Please note that SIP/SWP orders will
not be placed for partial amount or quantity.

20. Do I need to log in on every SIP/SWP date to place the SIP/SWP orders?
No. Once you have placed your SIP/SWP requests, CWA will place the orders on your behalf. You need not login to
your account to purchase/sell the shares.
21. What is Registered SIP/SWP? What are the details available in that section?
The Registered SIP/SWP" on the site is a page which displays the details of all the SIP/SWP requests placed by you.
The page can be visited by clicking Registered SIP/SWP link under Systematic Investment/Withdrawal Plan
sections.
This book will provide you the details like the SIP/SWP registration ID., stock name, quantity or amount, frequency,
total period, start date and next execution date.
22. What is SIP/SWP Order Book?

In the SIP/SWP order book, all the SIP/SWP orders for the day will be displayed. This will give the status of
SIP/SWP orders if they were traded/rejected or pending.
23. Can I place SIP/SWP request in any scrip of my choice?
Only select securities will be enabled for this facility. The list of the securities made available in this facility will be
available on our website: https://www.brokerage.citiwealthadvisors.co.in
You can view the list by following the path - Customer ServiceForms and DocumentsList of scrips available for
SIP/SWP
CWA has sole discretion to decide to withdraw a particular security from the list.
24. On which exchanges can I place SIP/SWP requests?
You can place SIP/SWP requests for placing orders in both NSE as well as BSE.
25. Can I place SIP/SWP request at any time during the day?
Yes. You may place requests at any time during the day and even post market hours.
26. How many SIP/SWP requests can I place in a day? Is there a restriction on the number of scrips in which
SIP/SWP requests can be placed by a client?
You can place multiple requests in a day for different scrips or for the same scrip irrespective of whether the requests
are Amount based or Quantity based.
While placing requests online, at one time you can choose upto 5 scrips for placing SIP/SWP requests. However, you
can place multiple requests.
27. Can I place "Quantity" and "Amount" based SIP or SWP request in the same scrip simultaneously?
You can choose both, Quantity as well as Amount based, SIP or SWP request simultaneously for different scrips or
the same scrip.
28. When would CWA place my SIP/SWP orders?
While placing a SIP/SWP request, you are required to select a "start date" from when SIP/SWP order placement will
commence. CWA will place the order from the start date selected by you as per your request. The start date should

not be trading holiday and should be at least one day after the current date i.e. the date of placing the SIP/SWP
request.
Thereafter, the orders would be placed on the basis of the frequency and the total period chosen by you in your
SIP/SWP request.
29. Is there a possibility that my SIP/SWP order may not be executed at the exchange?
Yes. CWA is merely an agent/ Intermediary/broker for placing orders as per your instructions under the facility. CWA
does not have any role to play in the execution of trades after the orders have been placed. Trade execution takes
place at the exchange platform as per the order matching rules of the exchange. Thus there is a possibility that
orders may be executed only partially or may not be executed at all; as is the case with normal cash transactions
also.
In case sufficient funds/shares are not maintained in your bank/demat account, the entire SIP/SWP order may get
rejected.
30. At what price will my SIP/SWP orders be placed and where can I see details of the same?

Orders will be placed at Market Rate. You can view the details of all successfully placed SIP/SWP orders in
your account in the normal order book or SIP/SWP order book in Equity Systematic Investment/Withdrawal
PlanTodays Order Book. (The facility of viewing SIP/SWP order book online is currently not available. It will be
offered soon.)
31. Can I cancel a SIP/SWP request?
Yes. You can cancel an ongoing SIP/SWP request till one day in advance of the SIP/SWP Execution Date to ensure
such is affected before that Execution Date. Such requests will be accepted through online trading portal or over the
phone to the Call & Trade desk or through the dedicated Equity Advisor.
Once you cancel a SIP/SWP request, all future orders to be placed against such SIP/SWP registration ID would
stand cancelled.
32. How can I cancel a SIP/SWP request online?
The provision for cancellation of SIP/SWP requests is available in section Registered SIP/SWP.
Go to Equity>Systematic Investment/Withdrawal Plan>Registered SIP/SWP. Against each SIP/SWP registration
id, there is a link provided to cancel the request. (This facility is currently not available. It will be offered soon.)
33. What would happen if my SIP/SWP order execution date falls on a trading holiday?
For SIP/SWP requests which are on daily frequency and order execution day falls on a trading holiday, the request
will be cancelled. However for weekly and monthly SIP/SWP, the orders will be placed on the next trading day.
34. Is the brokerage rate different for Cash and SIP/SWP transactions?
No, there is no change in the brokerage rates for SIP/SWP transactions. Existing brokerage as pertinent to customer
trading account will be applicable on the trades executed under SIP/SWP plan.
35. How will my SIP/SWP transactions be settled?
Settlement of SIP/SWP transactions would be done in the same manner as normal cash transactions.

36. Can I sell shares which I have bought through SIP?

Yes. Shares bought in your demat account through SIP are at par with the ones bought by you in the cash segment.
You can therefore sell or otherwise deal in such shares at anytime as per your requirement.
37. Will I get any intimation on the SIP/SWP orders being placed in my account?
Yes. You will be intimated on each and every SIP/SWP transaction through both SMS and email alerts. The following
alerts will be sent.
1.
2.
3.

SMS/Email alerts on successful registration of SIP/SWP requests

SMS/Email alerts before the order execution date(one/two days in advance)
SMS/Email alerts on cancellation of SIP/SWP orders

CWA will send the SMS/emails to its customers on best effort basis and CWA will not be held responsible for non
delivery or delay in sending SMS/Emails. Customers are requested to check the status of their SIP/SWP orders in the
Todays Order Book.