SIP Day
SIP Day or Day of SIP is the fixed date every month when your SIP
Read more
SIP Plan Benefits
Start SIP with as low as ₹1000
No hidden charges
Save upto ₹46,800 in Taxunder section 80C^
Zero LTCG Tax¶
Disciplined & worry-free investing
What is Day of SIP or SIP Day?
Day of SIP" or "SIP Day" refers to the specific date on which your Systematic Investment Plan (SIP) instalment is automatically deducted from your bank account and invested in the chosen mutual fund or any other fund scheme.
- It works just like an EMI, helping you build a regular and disciplined investing habit.
- Most mutual fund platforms allow you to choose your own SIP Day—usually any date between the 1st and 28th, and in some cases even till the 31st.
- For example, if you select the 10th as your SIP Day, your SIP amount will be debited and invested on the 10th of every month.
- Insurance Companies
- Mutual Funds
|
Returns |
| Fund Name |
5 Years |
7 Years |
10 Years |
| SBI Life |
13.49% |
13.09% |
|
| HDFC Life |
19.5% |
15.82% |
|
| Axis Max Life |
22.7% |
22.12% |
|
| ICICI Prudential Life |
16.33% |
14.66% |
|
| Tata AIA Life |
29% |
23.3% |
|
| Bajaj Life |
17.55% |
14.25% |
|
| Birla Sun Life |
19.5% |
16.12% |
|
| PNB MetLife |
31.41% |
24.68% |
|
| Canara HSBC Life |
13.16% |
11.5% |
|
| Star Union Dai-ichi Life |
15.2% |
- |
|
Fund rating powered by
Last updated: Nov 2025
SIP Date vs. Impact on Returns
The following table helps you to understand how SIP dates (1st, 10th, 15th, etc.) impact your returns:
| SIP Date (1st, 10th, 15th, etc.) |
Impact on Returns |
Why the Impact Is Minimal |
Key Takeaway |
| 1st of the Month |
Almost the same as any other date |
Markets move daily, but monthly SIP timing makes a very small difference over the long term |
Good for those who get a salary at the start of the month |
| 10th of the Month |
No significant difference |
Market ups and downs average out through rupee cost averaging |
Choose if mid-month cash flow suits you |
| 15th of the Month |
Very small variation in NAV |
A few days’ difference doesn’t change long-term returns |
Works well if mid-month income or bills are managed |
| 20th or 25th of the Month |
Almost identical long-term outcome |
SIPs focus on discipline, not the exact day |
Ideal for spreading multiple SIPs |
| Any-Day SIP (1st–30th) |
No long-term impact |
Flexibility helps irregular income earners stay consistent |
Perfect for freelancers or variable cash flow |
- Explanation of the Table: No matter which date you pick—1st, 10th, 15th, or 28th—the long-term returns remain almost the same. What truly matters is choosing a date that matches your cash flow and staying consistent with your SIP.
How to Choose Your SIP Day?
The following table summarises the key considerations and practical tips to decide your SIP date:
| Factor |
What to check |
Example |
| Income timing |
Pick a date just after your salary or predictable cash flow arrives |
If salary hits on 28th, choose 30th or 1st |
| Consistency |
Fix one date and stick to it every month |
15th of each month |
| Budget & cash-flow |
Ensure you will have sufficient funds in the bank on the selected date |
Avoid selecting a date just after large expenses |
| Flexibility |
If income is irregular, consider "Any-Day SIP" or a date window |
Choose any day between 1-30 instead of the fixed 15th |
| Build habit |
Choose a date that you can remember easily and set auto-debit |
Use 5th if you always review statements, then |
By following this table, you can set up your SIP for smooth execution and fewer disruptions.
When & How SIP Funds Get Invested?
- Once you choose your SIP Day, the bank automatically deducts your SIP amount on that date a process followed across most best SIP plans. If the date falls on a holiday, the deduction happens on the next working day.
- The money is then sent to the mutual fund house, which may take a couple of days to process the order. This means your SIP Day (when money is debited) and the investment date (when units are allotted) can be different.
- Most fund houses also follow a minimum gap of about 30 days between two monthly SIP installments.
Example: Ramesh selects the 21st as his SIP Day. His bank deducts ₹2,000 on 21st May. The fund house processes the request, and the units are allotted on 24th May. His next SIP will be scheduled around 21st June, maintaining the 30-day gap.
SIP Calculator
Monthly Investment
₹22.4 L
Top Funds with High Returns (Past 7 Years)
13.13%
Equity Pension
15.9%
Opportunities Fund
19.1%
Pension Growth Super
13.34%
Opportunities Fund
21.1%
Multi Cap Fund
14.34%
Accelerator Mid-Cap Fund II
15.9%
Multiplier
14.8%
Frontline Equity Fund
18.41%
Pension Mid Cap Fund
11.31%
Equity II Fund
14.8%
US Equity Fund
15.17%
Growth Opportunities Plus Fund
11.81%
Equity Top 250 Fund
14.25%
Future Apex Fund
12.17%
Pension Dynamic Equity Fund
14.56%
Pension Enhanced Equity
How is My Next SIP Date Calculated?
- Your next SIP date is based on the fixed dates offered by your mutual fund house. When you start a SIP, you select the available dates—such as the 1st, 7th, 10th, 15th, 21st, 28th, etc of the month.
- Once your first instalment is completed, the next SIP will automatically fall on the same chosen date in the following month.
- Some fund houses also maintain a minimum gap of around 30 days between two SIP installments.
What are the Key Tips to Select Your SIP Day in 2025?
You can consider the following key tips before choosing the date of your SIP investment:
- Choose a SIP Day that matches your salary or regular income date. This helps avoid failed payments.
- If your income is irregular, use “Any-Day SIP” options offered by many platforms for more flexibility.
- You can keep one common SIP Day for all your investments or spread them across the month (like 5th and 20th) to stay disciplined and manage market ups and downs.
- Make sure your bank mandate (ECS/auto-debit) is set up correctly and your bank account is active.
- Check your monthly cash flow before picking a date. Avoid days when big expenses like rent, EMIs, or bills are due.
- Once you choose a date, treat it like an EMI—non-negotiable and always prioritised.
- Start early and stay regular. The power of compounding works best when you invest consistently over time.
How To Automate SIP Investments for Mutual Funds?
You can follow these steps 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.
- Authorise the transactions.
- Review and confirm the setup.
- Complete the process.
By following these steps, you can automate your future SIP instalments conveniently.
How to Calculate Returns On Your SIP Investments?
To calculate returns on your Systematic Investment Plan investments, you can use an SIP calculator. This tool helps investors estimate the potential returns based on their investment amount, SIP duration, and expected rate of return. By inputting these variables into the SIP calculator, individuals can make informed decisions about their investment strategies and goals. It simplifies the process of understanding how their investments may grow over time, helping in financial planning and decision-making.
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.
FAQs
-
Can I choose any day of the month for SIP?
Yes, most fund houses allow you to pick a date between the 1st and 28th, and in some cases even up to the 31st.
-
What if the date falls on a holiday or non-banking day?
The debit or allotment will move to the next working or banking day. It’s important to keep enough balance in your account around the SIP date.
-
Does the exact day affect returns?
The difference in long-term returns from choosing one date over another is usually very small. What really matters is consistency and staying invested.
-
Can I change my SIP Day later?
Yes, you can. You need to inform your fund house or broker and update the mandate. Some platforms also allow you to change the date online.
-
What happens if the instalment fails due to insufficient funds?
The instalment may be skipped or bounced. This can lead to missed units and sometimes penalty charges. Aligning your SIP Day with your income cycle helps prevent this.
