What is the Day of SIP or SIP Day?
Day of SIP" or "SIP Day" refers to the specific date on which your Systematic Investment Plan (SIP) installment is automatically deducted from your bank account and invested in the chosen mutual fund or any other fund scheme. You can choose any day that works for you, but it's generally recommended to:
-
Align it with your income: Choose a day close to your salary credit date to ensure sufficient funds are available.
-
Pick a consistent date: Having a fixed day helps you stay disciplined and avoid missing installments.
- Insurance Companies
- Mutual Funds
|
Returns |
| Fund Name |
5 Years |
7 Years |
10 Years |
| Axis Max Life |
28.6% |
21.1% |
|
| Tata AIA Life |
26.65% |
20.83% |
|
| Bajaj Allianz |
20.38% |
12.4% |
|
| HDFC Life |
21.72% |
14.49% |
|
| ICICI Prudential Life |
20.06% |
13% |
|
| Birla Sun Life |
22.25% |
14.42% |
|
| PNB MetLife |
20.99% |
16.04% |
|
| Canara HSBC Life |
16.71% |
9.95% |
|
| LIC India |
10.6% |
- |
|
| SBI Life |
16.87% |
11.68% |
|
Fund rating powered by
Last updated: Aug 2025
| |
Returns |
| Fund Name |
3 Years |
5 Years |
10 Years |
| QUANT |
23.92% |
31.48% |
|
| PARAG PARIKH |
20.69% |
26.41% |
|
| EDELWEISS |
22.34% |
24.29% |
|
| KOTAK |
24.64% |
25.01% |
|
| MIRAE ASSET |
19.74% |
24.32% |
|
| PGIM INDIA |
14.75% |
23.39% |
|
| DSP |
18.41% |
22.33% |
|
| CANARA ROBECO |
20.05% |
21.80% |
|
| SUNDARAM |
18.27% |
18.22% |
|
Last updated: August 2025
How is My Next SIP Date Calculated?
Your next SIP date is determined by the available dates set by the fund houses. For example, if you began your SIP on May 10th and the available dates are the 1st, 7th, 15th, 21st, and 28th of each month, your next SIP could fall on June 15th, June 21st, June 28th, July 1st, or July 7th. Ensure a minimum 30-day gap between installments for consistency and flexibility in your investment strategy.
How To Automate SIP Investments for Mutual Funds?
To automate SIP investments:
-
Log in to your bank's net banking.
-
Add BSE as the Biller under Mutual Funds.
-
Provide necessary details like the scheme name and folio number.
-
Set up automated payments for your SIP.
-
Authorize the transactions.
-
Review and confirm the setup.
-
Complete the process.
By following these steps, you can automate your future SIP instalments conveniently.
Conclusion
Selecting the appropriate SIP Day is an important step in effectively managing your investments. By carefully choosing the day that aligns with your financial goals, cash flow, and market conditions, you can optimize your SIP strategy for long-term wealth creation.
