InvestorQ : Is there any specific period of the month for investing in mutual funds SIP?
Purvesh made post

Is there any specific period of the month for investing in mutual funds SIP?

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Ankit Patil answered.
3 weeks ago
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Well, I do not believe there is any such specific date to start your SIP unless you believe in some lucky number or lucky day.
If you look at the analysis, say SIP for 20 years, the investment made on each day of the month, and then all the returns compared. In this case, there will be a minor difference of about 1.25% in the overall investment return mainly because of the infrequent changes in the market.

As per the analysis by experts, the best date to invest is the 9th and the worst date to invest in the 23rd, and the difference between the two comes out to be 0.1%. Now, this difference is negligible and does not even make sense in the long run.
So, I believe you have other better and important things to do in life than choosing the best date for your investment when it hardly makes a difference in your returns.
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