POSTED BY February 20, 2014 12:59 pm ONE COMMENTON
I was reading on another site, if one has SIP between 5th to 10th of month, there is greater chance of good return than having SIPs on other dates (or specially later part of the month). I am not convinced. Isn’t it like investing on timing the market? If I go to SIP route, irrespective of date of the month (as long as I have the amount available for SIP), do I need to bother about SIP date?
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One reply on this article “Is there really a best date for SIP?”
Dear Tonsi, the best date for SIP in any month should be the date on which the index is on the lowest point for that month so that we can invest at lowest point always. Now Can anybody declare this best date for each month? There lies your answer. 🙂