How do I Buy a Growbox Basket?
- To invest in a Grobox sign in with IIFL credentials. When you buy/sell a grobox basket, the stocks/ETFs featuring in it will be credited or debited to your account. The minimum investment amount may vary depending on the stocks or ETF that make up the basket.
- First, access the Grobox platform by logging in through your IIFL demat account. Select the basket of your choice. You can see what stocks make up the portfolio and in what proportion, and the investment rationale. Analytics are also available comparing the returns in the basket to the index, and individual investment returns.
- Once the Grobox basket is selected to be bought it can be done by one time payment. The investor can also choose a Monthly/ Quarterly SIP system to invest regularly based on a predetermined period. A Grobox basket can also be bought through a one-time purchase of the underlying securities in a Grobox.
- To place an order, the investor should select the basket that she wants to invest in and confirm the order. Once the order is confirmed, the trades will be executed through your demat account linked to Grobox.
- The other way to invest is to invest systematically (SIP) within a defined period of time like a month, or a quarter. The transactions are executed through your Demat account.
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What is a Basket Order?
A basket order is used to buy or sell a group of securities simultaneously. Basket order is essential for institutional investors and investment funds who wish to hold a large number of securities in certain proportions.
How to create a basket?
Select the create basket option from your profile to create your Grobox basket. On the next step add a name to your basket for a better understanding of the segment. Once the Grobox basket is named you can add the stocks in which you are interested. ...
Is Smallcase and Wealth Basket different?
Yes, Smallcase and Wealth Basket are totally differnent
Bookmarking: track basket performance before investing
Yes, The Grobox basket has a ‘+’ sign available, on the bottom right of the basket. Click on it and this will bookmark and add the basket to your watchlist list.
What is a Wealth Basket?
A basket of Equities, or ETFs, curated by SEBI Registered IAs or Research analysts that helps you build diversified, long-term as well as short term portfolios. Each WealthBasket intelligently reflects an investment strategy, idea or objective using ...