I have a monthly SIP in few funds for more than 3 years and I intend to continue this in future. However, I want to know if a weekly SIP is better than a monthly SIP?
Sreenidhi Chandran, Chennai
As someone who has been investing in mutual funds through monthly SIPs, you would have experienced the advantages of regular and systematic investments. Investing through SIPs is a disciplined approach to regular investing and you should base the frequency of your SIP contributions on your convenience and cash flows. There is nothing to prove that a daily SIP is better than a monthly one or otherwise. Select your SIP option based on your investment time frame and convenience to invest. For instance for a three or four year horizon, a monthly SIP is just fine.
