Does it matter which day of the month you purchase units in mutual fund in SIP mode?



Suppose a mutual fund offers option for auto-debit of SIP amount per month on 1st/5th/10th/15th/20th/25th day of the month. I do not understand whether it matters if I choose 5th or 15th or 25th day of month for autodebit of my account. Please clarify this to me. Thanks.

One Reply to “Does it matter which day of the month you purchase units in mutual fund in SIP mode?”

  1. It is your option. Choose any convenient date. If you are a salaried person , choose a date after your monthly credit date. It really does not matter.





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