Which date of the month is best for SIP?

SIP on 10th of every month works the best compared to other dates. The splitting of dates is a bad option and in fact brings your overall returns down. We suggest that you choose a date that is closer to your salaries. It should not happen that by the time SIP hits your bank account you have insufficient balance.

Which is the best date for mutual fund?

You do not have any best date when putting money in mutual funds through the systematic investment plan. You may get a slightly higher return if you put money in mutual funds towards the end of the month.

How do mutual funds choose SIP dates?

Hence, many get confused in choosing the right date for their investment. In this post let us try to find which is the best SIP date. Few try to choose the SIP based on their salary credit and few look for the last Thursday of the month where the volatility is high due to F&O expiry.

Is SIP good investment?

If you are an investor with a small but regular amount of money available for investment, SIPs can be a more suitable investment option. For investors with a relatively high investment amount and risk tolerance, lump-sum investments may be more beneficial.

Can SIP date be changed?

You can edit or skip your SIP anytime you want. However, if you place your Edit SIP request less than 2 working days before your next installment, then your request will be processed only after the upcoming installment. It can take up to 2 days to process an edit request for an SIP you started today. 3.

What happens if SIP date holiday?

6. What would happen when my SIP Start Date falls on a weekend or a holiday? In case the chosen date falls on a Non-Business Day(Holiday/Weekend – Saturday & Sunday), then the SIP will be processed on the immediate next Business Day. No, your ongoing SIP would continue as per schedule till you modify it.