Imagine if you believed that your morning jog would be more beneficial only if you laced up exactly at 8 am or your daily meals should be consumed at the 1st or the 10th minute of each hour. Comical, isn’t it? And yet, there are folks who genuinely wonder about the best date to start a SIP in mutual funds.

Let me quash the suspense right here – there isn’t one. That’s right, just like the best time to eat your meals is when you’re hungry, the best time to start your SIP is NOW!

Think about it. When you are investing in a SIP, you’re essentially aiming to beat market volatility by averaging out your cost of purchase over time. This method works regardless of the date you choose to invest each month. Just as regular meals nourish your body regardless of whether they are consumed at 6:01 pm or 6:10 pm, SIPs nourish your portfolio through consistent investment.

The beauty of SIPs lies in their power of consistency. It is akin to embarking on a fitness journey – what matters isn’t the time you hit the gym, but rather that you hit it regularly. In the investment world, this is often phrased as “Time in the market is more important than timing the market.”

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