For individuals who desire to make daily investments, daily SIPs can be a very profitable investment. Additionally, daily compounding and averaging benefits make it a very desirable choice for investors. However, monthly SIP returns will be comparable to daily SIP returns provided the fund is not volatile. On the other hand, because the investment is made in small amounts, daily SIPs can limit losses. However, because the risk is reduced, the returns are smaller than those provided by monthly SIPs. If you receive a set monthly paycheck, choosing weekly SIPs over daily SIPs would be preferable. In a perfect world, you would aim to invest four times per month. This will assist you to cost-average your investments.
I think daily SIP is better!
One of the main advantages of a daily SIP is that it can help to discipline investors and force them to stick to their investment plan. With a monthly investment, there is more temptation to skip a month or make a withdrawal if markets are down. With a daily SIP, investors are less likely to make impulsive decisions that could jeopardise their long-term investment goals.
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one suggestion , if SIP amount is 3000 per month, then daily amount should be equal or more than 137, as we get 22 or less trading days in a month. And if 137 daily SIP is considered, then there might some change of return.
Although I’m agree with you that minimum interfere in SIP,can give good result, one should focus on his main work not in small things.
Whichever you feel most comfortable using. Monthly SIP looks excellent for people like many of us who stick to a set monthly spending limit. However, some people who own businesses or work in other occupations may find that monthly SIP causes them problems and that daily SIP is preferable. If you receive a set monthly paycheck, you should opt for weekly SIPs rather than daily SIPs. In a perfect world, you would aim to invest four times per month. You can cost-average your investments with the use of this.
My suggestion here is, dont go with MF marketing term ‘SIP’.
Whenever you have money just invest it as lumpsum.
If you goal is long term wealth creation using equities, investment discipline should come from us and not by depending on something like SIP’s
It’s more about how much you are investing every month than focusing on minor things like daily/weekly SIP’s
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Whatever you think fits best for you. Daily SIP can be a burden, I’d personally prefer monthly SIP.
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For individuals who desire to make daily investments, daily SIPs can be a very profitable investment. Additionally, daily compounding and averaging benefits make it a very desirable choice for investors. However, for those who follow a strict monthly budget, for them, a monthly sip can be better.
I agree with you particularly these lines
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Unsure of what value it would add. There’s no difference between the returns of a daily SIP and a monthly SIP. Please check this post for more information: What's the best day to start an SIP?
Same thought, why everyone is pushing on monthly SIP.
who can manage daily SIPs, can get advantage of event day, averaging,compounding etc.
anyone can highlight disadvantage of daily SIP.
That’s exactly the drawback from daily SIPs - missing out on the compounding benefit you’ll otherwise get if you invest the entire amount at the beginning of the month ( since the general market trend is 
)
Unless someone is a daily wage earner, the explanation above answers.
PS: I guess why monthly SIPs is the most common (rightly so) frequency since most of us have a monthly cash inflow in the form of a salary. There are also a lot of studies you can find which have established with data that the optimal strategy is to buy as soon as possible, when you have excess cash without trying to time the markets/ deploying this excess cash in instalments. (Just keep buying)