SIP Strategy: Picking the Most Profitable Day of the Month to Invest
A Systematic Investment Plan (SIP) is an attractive way to invest in equity for the long term. The fund houses are trying to make investing in SIP more friendly. Most fund houses provide flexible dates for investing through SIP but being regular in your investment matters the most. You can invest between the 1st and the 28th of any month but the fund houses are now offering more flexibility. Now you can invest in SIP any day of the month. There is no particular profitable day to invest in SIP, you just have to invest regularly. The minimum SIP amount that can be invested has been reduced significantly. This will make them accessible to more investors and digital platforms. Though you need to invest regularly for a longer period. Most investors prefer to stagger their SIP investment . The ‘Invest as you earn’ method works well with most people. This way you need not time the market. When you invest regularly for a long time you can benefit from rupee-cost-averaging. The amoun...