The most famous option for investment in mutual funds is SIP (Systematic Investment Plan). In SIP, you can earn huge profits in the long run by investing a little bit of hard-earned savings every month, but many investors often have this question in their mind on which date of the month should the SIP be deducted? So if you are also confused about the date of SIP investment, then today we are going to clear all your doubts.

SIP means regular investment. Whether the market falls or rises, it is very important to continue your SIP without stopping. However, often people stop SIP immediately out of fear when the stock market falls, this is their biggest mistake. People do not know much that when the stock market falls, you get more units at a lower NAV. By investing in SIP at the right time, you can create a good fund for yourself. Apart from this, it is often said that if you start investing in SIP on the right date, you can get good returns.

Some say invest in SIP at the beginning of the month, some say in the middle of the month, and some say invest at the end. After all, many times investors get confused in this 'date affair'. So let's clear this confusion today and find out whether the date of SIP really decides the 'shubh muhurat' of your profit, or is it just a myth.

Actually it is believed that if you are investing in SIP for a long period like 5, 10 or 15 years, then you can choose any date of the month (like 1, 5, 10, 15, 20, 30). That is, you can choose the date 1-2 days after the day when money comes into your bank account for SIP. For investment, it is only necessary that the account has the amount equal to the SIP investment amount.

However, one thing should always be kept in mind that once you have chosen a date for investment of your own choice, then stick to that date. There is no benefit in changing it again and again, rather it can lead to unnecessary trouble.

By the way, let us tell you that choosing the date of SIP, 1st date of the month, 15th or 30th never makes any difference, nor will it give any higher return. That is, it is completely a myth that by investing in SIP on any date among 1, 5, 10, 15, 20, 30, you can create more funds. That is, you can choose any date which is convenient for you for SIP investment.

Now it is clear that there is no such thing as an 'auspicious date' in SIP, this is just a type of myth. The secret of getting good returns from SIP is not hidden in any specific date but in your patience, discipline, and correct investment planning. So, never get entangled in the trap of SIP dates and rely on investing regularly and choosing the right fund.