What's the best day to start an SIP?

[abcd5662]

@Bhuvan

The date of the SIP or the frequency (weekly, monthly) doesn’t matter.

Freq (daily vs weekly vs monthly) will matter as a lower freq SIP will give more market time to the investments.

Is daily SIP better than monthly?

I had done a similar analysis (not only the frequency, but also the day of the week for weekly sips, date of the month for monthly sips etc.) and the results were slightly favouring low freq sips, i.e. monthly > weekly > daily - given the investment is at the beginning of the period. And it made sense as the general market trend is upwards. So for sip investing, early the better - as it gives more time for the investment to grow. To explain, between a monthly sip of Rs.2000 on 1st of every mon…