Which date should I choose for SIP?

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. Few may also choose the SIP date based on their own research.

What is SIP start date?

The date of the SIP is the date on which each month the clients investments will be processed. When client does an SIP with 5paisa amount is debited from their bank account 1 business day prior to the SIP Date.

Can I change my SIP date?

The change of date for your SIPs can be done by submitting an SIP transaction slip requesting for the same. Every mutual fund company has such a common transaction slip, using which any such changes can be taken care of.

What is the best time of month for SIP?

30th of the month – Amount invested is Rs 12 Lakhs and SIP invested amount would have grown to Rs 27.5 Lakhs. Conclusion: 25th of the month is best, followed by 1st, 5th and 10th dates. The amount invested is Rs 10,000 per month on these dates for 5 years.

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.

Can I pay my SIP before due date?

There is no penalty associated with missing the monthly SIP payment and the folio won’t be discontinued.

What is SIP start date and end date?

Every mutual fund has a set of allowed SIP dates. You can choose any date from the available dates. For e.g you started SIP on May 10th. And the next available dates are 1, 7, 15, 21, 28 for a Mutual fund.

What is end date in SIP?

There is no SIP termination date. You can invest as long as you wish to. Perpetual SIPs are suitable for those who stay invested for a long-term.

What is 2nd installment date in SIP?

Two SIP dates every month – the SIP will be done in two instalments (Rs 5,000 each) every month. One at the beginning of the month and another around 15th (or the next business day, if 15th is a holiday).

How can I extend my SIP end date?

To ensure an uninterrupted investment, send the renewal instruction at least 30 working days before the last date. If the existing SIP expires, the renewal can be done by quoting the same folio number. It will take 21-30 days from the date of sending the form for the SIP to start.

Should you invest in SIP on 1st of every month?

1) Investors feel investing through SIP on various dates are better instead of one specific date. 2) Investors are thinking that instead of investing on the 1st of every month, one should invest during the end of the month too. However, it is difficult as most of the bank accounts are empty during the end of the month.

How do I choose a good mutual fund for SIP?

The mutual fund has been in duration for at least 5 years (the longer, the better). Always choose a reputed fund house. There are several fund families or fund houses in India such as Reliance, HDFC, SBI, Birla Sun Life etc. So, if you are able to recognize any of them, you are probably good to go. SIP should be in conjunction with your bank.

What is Systematic Investment Plan (SIP) and how it works?

Moreover, you can avert such situations with Systematic Investment Plan (SIP) as it allows you to monitor your fund’s performance from time to time. SIP is beneficial as it will allow you to invest in a fund in periodic installments.

When is the best time to invest in MidCap mutual fund?

Conclusion: 1 st of the month is best, followed by 5 th and 10 th dates. The amount invested is Rs 10,000 per month on these dates for 5 years. The SIP returns are around 20.7\% to 20.7\% for this Midcap Mutual Fund Scheme.