Which is better Daily SIP or Monthly SIP? - letsdiskuss
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Ajay Paswan

Physical Education Trainer | Posted | Share-Market-Finance


Which is better Daily SIP or Monthly SIP?







System Engineer IBM | Posted


There’s no right answer for this. Daily SIP is meant for a whole different group of investors than Monthly SIP. So if you’re looking to dive into mutual funds, instead of wondering which is better, care about which one is right for you and your financial goals.


Generally speaking, including as much as 20 transactions, daily SIP is for those individuals who have high income and enjoy daily inflow of cash—those who can take higher risks comparatively. On the other hand, monthly SIP is ideal for monthly earners. Plus, you must also factor the entry cost in daily and monthly SIP. Because, if not planned properly, it could end up eating your potential return from the fund!


So when deciding, factor your cash flow. Can you manage to put in money on the fund every day without failing? If not, stick with the monthly SIP. It’s just as good. Simply increase its amount and you would be fine with it.


Letsdiskuss


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servent | Posted


All systematic investment plans have their unique set of pros and cons. You should visit the website of Kotak Mutual Funds or any other prominent mutual fund website to see the risk, tenure and other factors before you choose a SIP to invest in. Take time to research if you wish to come across the right investment.


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