For clients on NEW FEE STRUCTURE (As of 1st Jan 2021)
Every transaction on the SIP will be considered as 1 trade. For auto-rebalanced portfolios, if the portfolio consists of 10 holdings, USD10 (not including taxes) will be charged.
For clients on OLD FEE STRUCTURE (As of 1st Jan 2021)
Only the SIP initiation for an ETF/ Kristal counts as 1 trade, so it will equate to 3 trades if you set up SIP for 3 ETFs.