Ideal and Best profitable
time to Start your Mutual Fund SIP’s
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Many a time we come across
query by our financial advisor that when you will be comfortable to have deduction
of your SIP for mutual fund but they ask this question in revolving way that
when does your salary get credited to account, hence 5th or 10th
of month will be suitable date for Monthly SIP..
Idea dates decided by AMC’s
for SIP deduction for first week are 1,,5th ,7th and 10th
of the month and for 2nd week as 14th ,15th
and 21st ,22nd.and third week as 25 28 30th.Here SBI MF
is the only fund house who gives us date of 30th.
Now there may be three
categories of investors who unknowingly or due to advice of their Financial
advisors choose the date of sip deduction but they don’t know date has its own
importance and by choosing right date they can convert their profitability as
1% more .
First category of investors
mostly prefer to deduct their SIP’s in 1st week of above given date
as their advisors do formally ask them their date of salary credit and put date
as 1st, 5th, 7 and 10th.
Second category of Investors
generally happen to be those, may have
business income and varies other source of income ,prefer to deduct their sip’s
during mid of the month.
Third category of investors
generally know that every last week of Thursday, happens to be derivatives
(future and options) expiry date and it may be either 25 ,28th and 30th
of month. Historically if we see the date of expiry week, either market remains
in a narrow range or huge negative volatility but in most of 52 week of the year,
it happens to be in negative territory.
Hence we may be in benefit,
if SIP deductions happen to be on lower NAV side consistently year on year
basis..
Here one noteworthy fact is
that investors should refrain themselves from any kind of advises from websites,
applications, financial advisors selling professionally MF’s and SIP’s as they
always have vested interest .
AS per most genuine researches,
it is proven fact that sip’s entered in last week of month or 25th
and 28th of month has given more returns compared to any other
chosen dates.
Although, Date of SIP
Mandate can be changed easily by transaction slip.
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