Can you optimize your SIPs based on the date? After analyzing historical Nifty50 data since 2018, it turns out that the 1st of the month is often the day with the lowest closing price 📉. Out of 69 months, 14 of them saw the lowest price on the 1st, making it a great candidate for your SIP. ▶ 1st of the month - 20% of the time ▶ 3rd of the month - 7% of the time ▶ Between 20th - 28th of the month - 19% of the time Nifty50 doesn't paint a picture of all Mutual Funds but gives us good directional data. Summary is to start your SIP as soon as you get paid (at the beginning of the month) 💡 What’s your strategy? Are you investing on the 1st or do you wait for the month to settle?
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