To buy additional shares in a basket you have already invested in, follow these steps:
1. Go to the ‘My baskets’ tab and select the basket you're interested in.
2. On the next screen, choose the ‘Buy more’ option.
3. Here, you will be presented with three buying options: Recommended Weight, Investment Weight, Basket Weight and Custom Weight.
Recommended Weight: This option adjusts your basket to match its stocks’ weight as closely as possible to those of the original Starfolio basket. This is useful when stock prices have fluctuated since your initial investment, resulting in changes to the weights of the stocks in your basket.
For example, let's assume that you have invested in a HDFC Sky basket with five stocks, each initially weighing 20%. Over time, market fluctuations may alter these weights.
If a stock's share price, for instance, rises sharply relative to the others in the basket, its proportionate weight in your basket could exceed the original 20%.
Similarly, another stock could fall sharply, bringing its weight below the original 20%.
By opting for Recommended weight’, the platform will try to bring the weight of each stock in your portfolio back to 20% - the original Starfolio weights.
This means it will buy fewer shares of the stock that went up and more shares of the falling stock. This will help align your invested basket back to the HDFC Sky basket weight.
Investment Weight: This option lets you buy more of your invested basket while maintaining the current stock weights of the portfolio you have attached to the HDFC Sky basket.
Take, for instance, a basket with five stocks, each with a 20% weightage. Market price movements can cause these weights to shift disproportionately.
If one stock in the basket rises sharply, its weight will also increase higher than its original weight in the HDFC Sky basket (20% in this case).
Similarly, a sharp fall in the price of a stock could reduce its weight below the original 20%.
If you choose Investment Weight’, the current weights of stocks in your basket will be maintained as much as possible as you buy more. This means more shares of the rising stock will be bought (because of its current higher weight), and fewer shares of the falling stock will be bought (because of its current lower weight in the basket).
Basket weight: Buy stocks as per original basket constituents and weights. This doesn't consider the stock weights currently in your invested basket.
Custom Weight: This option gives you full control over the weights of stocks in your invested basket. You can change the weights of stocks according to your preferences, and also add new investments into your basket as you buy more.
4. Based on how much you want to invest and your selection, the platform will suggest the minimum and closest ideal investment amounts needed to buy more of the invested basket. This will ensure that the weights of your basket align with the option you have chosen.
5. After reviewing the changes, click ‘Proceed’ to confirm the order. Your broker will execute the order at the available market price.