{"id":8488,"date":"2025-01-23T10:17:56","date_gmt":"2025-01-23T10:17:56","guid":{"rendered":"https:\/\/navia.co.in\/blog\/?p=8488"},"modified":"2026-08-12T06:11:49","modified_gmt":"2026-08-12T06:11:49","slug":"which-date-to-select-for-monthly-sip","status":"publish","type":"post","link":"https:\/\/navia.co.in\/blog\/which-date-to-select-for-monthly-sip\/","title":{"rendered":"Which Date to Select for Monthly SIP?"},"content":{"rendered":"<ul><li><a class=\"aioseo-toc-item\" href=\"#successful-sip-the-smart-investors-choice\">Successful SIP: The Smart Investor\u2019s Choice!<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#key-findings\">Key Findings<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#minimal-return-difference\">1. Minimal Return Difference:<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#practical-recommendation\">2. Practical Recommendation:<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#myth-of-volatility-advantage\">3. Myth of Volatility Advantage:<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#conclusion\">Conclusion<\/a><\/li><li><a class=\"aioseo-toc-item\" href=\"#frequently-asked-questions\">Frequently Asked Questions<\/a><\/li><\/ul>\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">Investors often wonder whether selecting a specific date for their <a href=\"https:\/\/navia.co.in\/blog\/which-one-to-choose-for-sip-mutual-funds-or-etf\/?utm_source=blog&amp;utm_medium=internal_link&amp;utm_campaign=sip\">Systematic Investment Plan (SIP) <\/a>can impact long-term returns. Common suggestions include choosing dates around the start, middle, or end of the month, or even near the monthly <a href=\"https:\/\/navia.co.in\/open-options-trading-account\">Futures &amp; Options (F&amp;O)<\/a> expiry, when market volatility tends to be higher. But does timing the monthly SIP date truly matter?<\/p>\n\n\n\n<blockquote style=\"border-left:4px solid #e8622f;background:#fdf1ec;padding:18px 22px;margin:1.5em 0;line-height:1.8\"><strong>&#128161; Quick Answer<\/strong><br>Barely at all. Across 10-year rolling SIP returns on the BSE Sensex TRI from September 1996 to May 2024, the best date returned 15.63% XIRR and the worst 15.56%, a gap of 0.07% over a decade. Pick a date close to your salary credit so no instalment is missed.<\/blockquote>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"jetpack-video-wrapper\"><iframe title=\"\u0b8e\u0b9a\u0bcd\u0b9a\u0bb0\u0bbf\u0b95\u0bcd\u0b95\u0bc8! SIP Returns \u0ba4\u0bca\u0b9f\u0bb0\u0bcd\u0baa\u0bbe\u0ba9 \u0b86\u0baa\u0ba4\u0bcd\u0ba4\u0bbe\u0ba9 \u0b89\u0ba3\u0bcd\u0bae\u0bc8\u0b95\u0bb3\u0bcd\" src=\"https:\/\/www.youtube.com\/embed\/hZBHVtMkd2o?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">A long-term analysis of 10-year rolling returns for SIPs in the BSE Sensex TRI from September 1996 to May 2024 reveals minimal differences in returns based on the <a href=\"https:\/\/navia.co.in\/blog\/which-sip-frequency-to-select\/?utm_source=blog&amp;utm_medium=internal_link&amp;utm_campaign=sip\">SIP<\/a> date.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ec4d37\" class=\"has-inline-color\">Monthly SIP Date<\/mark><\/strong><\/th><th><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ec4d37\" class=\"has-inline-color\">XIRR (%)<\/mark><\/strong><\/th><th><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ec4d37\" class=\"has-inline-color\">Monthly SIP Date<\/mark><\/strong><\/th><th><strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ec4d37\" class=\"has-inline-color\">XIRR (%)<\/mark><\/strong><\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>15.63%<\/td><td>16<\/td><td>15.60%<\/td><\/tr><tr><td>2<\/td><td>15.62%<\/td><td>17<\/td><td>15.62%<\/td><\/tr><tr><td>3<\/td><td>15.61%<\/td><td>18<\/td><td>15.61%<\/td><\/tr><tr><td>4<\/td><td>15.59%<\/td><td>19<\/td><td>15.60%<\/td><\/tr><tr><td>5<\/td><td>15.59%<\/td><td>20<\/td><td>15.62%<\/td><\/tr><tr><td>6<\/td><td>15.57%<\/td><td>21<\/td><td>15.62%<\/td><\/tr><tr><td>7<\/td><td>15.57%<\/td><td>22<\/td><td>15.62%<\/td><\/tr><tr><td>8<\/td><td>15.57%<\/td><td>23<\/td><td>15.63%<\/td><\/tr><tr><td>9<\/td><td>15.56%<\/td><td>24<\/td><td>15.62%<\/td><\/tr><tr><td>10<\/td><td>15.56%<\/td><td>25<\/td><td>15.63%<\/td><\/tr><tr><td>11<\/td><td>15.57%<\/td><td>26<\/td><td>15.62%<\/td><\/tr><tr><td>12<\/td><td>15.58%<\/td><td>27<\/td><td>15.62%<\/td><\/tr><tr><td>13<\/td><td>15.60%<\/td><td>28<\/td><td>15.61%<\/td><\/tr><tr><td>14<\/td><td>15.61%<\/td><td>&#8211;<\/td><td>&#8211;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">10 Years Average SIP Return (% XIRR) on Daily Rolling Basis for particular date of the month for BSE Sensex TRI between September 1996 to May 2024.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe48e5de wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-fill\"><a class=\"wp-block-button__link has-white-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/navia.co.in\/app.html\" style=\"background-color:#ec4d37\"><strong>Get Navia APP<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-e6b714783a1d7bc1d3546cf8851a0263\" id=\"successful-sip-the-smart-investors-choice\" style=\"color:#023368\">Successful SIP: The Smart Investor\u2019s Choice!<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">A successful SIP is more about&nbsp;<strong>\u201cStarting Early\u201d<\/strong>, maintaining the discipline of&nbsp;<strong>\u201cInvesting Regularly\u201d<\/strong>, investing for the&nbsp;<strong>\u201cLong Term\u201d<\/strong>&nbsp;to achieve our&nbsp;<strong>\u201cFinancial Goals\u201d<\/strong>&nbsp;and less about \u201cWhich Date\u201d, \u201cWhich Frequency\u201d, \u201cAt what stage of the Market Cycle\u201d etc.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/navia.co.in\/\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"270\" style=\"max-width:100%;height:auto\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/image-11-1024x270.png\" alt=\"Monthly SIP date comparison illustration\" class=\"wp-image-8492\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/image-11-1024x270.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/image-11-300x79.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/image-11-150x40.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/image-11-768x203.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/image-11.png 1141w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-fdfdf74c5f120f0fb7134209665f6671\" id=\"key-findings\" style=\"color:#023368\"><strong>Key Findings<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-7a95f8709725d3b35c6b07656cbef124\" id=\"minimal-return-difference\" style=\"color:#ec4d37\">1. <strong>Minimal Return Difference:<\/strong> <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">The variation in 10-year <a href=\"https:\/\/navia.co.in\/blog\/large-cap-mid-small-cap-sip-long-term-investing\/?utm_source=blog&amp;utm_medium=internal_link&amp;utm_campaign=sip\">SIP returns<\/a> across different dates is negligible. The maximum XIRR is 15.63% (SIPs on the 1st or 23rd), while the minimum is 15.56% (SIPs on the 9th or 10th), reflecting a mere 0.07% difference over a decade.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-bc826e59c2c6a6f8460073c013daaf94\" id=\"practical-recommendation\" style=\"color:#ec4d37\">2. <strong>Practical Recommendation:<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\"><strong>Consistency Over Timing:<\/strong> Investors should focus on consistency rather than trying to time the SIP date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\"><strong>Best Practice:<\/strong> Choose a date close to when funds are credited to your bank account, such as salary credit day, ensuring no missed SIP installments.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-color has-link-color wp-elements-a194b394f04f58a66786ee0380bc5412\" id=\"myth-of-volatility-advantage\" style=\"color:#ec4d37\">3. <strong>Myth of Volatility Advantage:<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">The assumption that investing near the F&amp;O expiry date (last Thursday) may lead to better returns due to volatility is not supported by data. A separate study of the <a href=\"https:\/\/navia.co.in\/blog\/is-it-better-to-time-my-monthly-sip-investments\/?utm_source=blog&amp;utm_medium=internal_link&amp;utm_campaign=sip\">best and worst buying day each month<\/a> reaches the same conclusion.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/navia.co.in\/app.html?utm_source=Organic&amp;utm_medium=blog&amp;utm_campaign=blog&amp;utm_content=sip_date_CTA\"><img decoding=\"async\" width=\"1024\" height=\"149\" style=\"max-width:100%;height:auto\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/image-9-1024x149.png\" alt=\"Open a free Navia demat account\" class=\"wp-image-8434\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/image-9-1024x149.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/image-9-300x44.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/image-9-150x22.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/image-9-768x112.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/image-9.png 1028w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-d1dcf5c334b19aa210210450a6ed3606\" id=\"conclusion\" style=\"color:#023368\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">The long-term data demonstrates that the specific date for an <a href=\"https:\/\/navia.co.in\/blog\/sip-growth-in-india\/?utm_source=blog&amp;utm_medium=internal_link&amp;utm_campaign=sip\">SIP<\/a> has little impact on returns. The critical factor is <strong>investing regularly and consistently<\/strong>, not chasing an optimal date. Whether you invest on the 1st, 15th, or 28th of the month, the returns tend to converge over time, emphasizing the principle that <a href=\"https:\/\/navia.co.in\/blog\/time-the-market-matters-more-than-timing-market\/?utm_source=blog&amp;utm_medium=internal_link&amp;utm_campaign=sip\"><strong>time in the market<\/strong> outweighs <strong>timing the market.<\/strong><\/a><\/p>\n\n\n\n<h3 style=\"color:#ec4d37\">Key Takeaways<\/h3>\n<ul style=\"margin:1em 0;line-height:1.9\">\n<li style=\"margin-bottom:0.8em;line-height:1.8\">Across 10-year rolling returns on the BSE Sensex TRI, the maximum XIRR was 15.63% (SIPs on the 1st or 23rd) and the minimum 15.56% (SIPs on the 9th or 10th).<\/li>\n<li style=\"margin-bottom:0.8em;line-height:1.8\">That is a spread of just 0.07% over a decade, so the variation across dates is negligible.<\/li>\n<li style=\"margin-bottom:0.8em;line-height:1.8\">Investors should focus on consistency rather than trying to time the SIP date.<\/li>\n<li style=\"margin-bottom:0.8em;line-height:1.8\">Choose a date close to when funds are credited to your bank account, such as salary credit day, ensuring no missed SIP instalments.<\/li>\n<li style=\"margin-bottom:0.8em;line-height:1.8\">Investing near the F&amp;O expiry date for the extra volatility is not supported by the data.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-2a2c6d7a1bfd44162ebeaf7413be311b\" id=\"frequently-asked-questions\" style=\"color:#023368\"><strong>Frequently Asked Questions<\/strong><\/h2>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\" style=\"background:#f1f1f1;border-radius:4px;margin-bottom:10px\">\n<summary style=\"font-weight:600;font-size:17px;color:#1a2332;cursor:pointer;padding:16px 20px\">Which date is best for a monthly SIP?<\/summary>\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">No single date is meaningfully better. The maximum 10-year XIRR was 15.63% for SIPs on the 1st or 23rd and the minimum 15.56% for SIPs on the 9th or 10th, a difference of just 0.07% over a decade. Choose a date close to when funds are credited to your bank account.<\/p>\n\n<\/details>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\" style=\"background:#f1f1f1;border-radius:4px;margin-bottom:10px\">\n<summary style=\"font-weight:600;font-size:17px;color:#1a2332;cursor:pointer;padding:16px 20px\">Does the monthly SIP date affect returns?<\/summary>\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">Very little. A long-term analysis of 10-year rolling returns for SIPs in the BSE Sensex TRI from September 1996 to May 2024 reveals minimal differences in returns based on the SIP date.<\/p>\n\n<\/details>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\" style=\"background:#f1f1f1;border-radius:4px;margin-bottom:10px\">\n<summary style=\"font-weight:600;font-size:17px;color:#1a2332;cursor:pointer;padding:16px 20px\">Should I set my SIP date near the F&amp;O expiry?<\/summary>\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">The assumption that investing near the F&amp;O expiry date, the last Thursday, may lead to better returns due to higher volatility is not supported by the data.<\/p>\n\n<\/details>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\" style=\"background:#f1f1f1;border-radius:4px;margin-bottom:10px\">\n<summary style=\"font-weight:600;font-size:17px;color:#1a2332;cursor:pointer;padding:16px 20px\">What SIP date should I choose if I get a monthly salary?<\/summary>\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">Choose a date close to when funds are credited to your bank account, such as salary credit day. This ensures there are no missed SIP instalments, which matters far more than the date itself.<\/p>\n\n<\/details>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\" style=\"background:#f1f1f1;border-radius:4px;margin-bottom:10px\">\n<summary style=\"font-weight:600;font-size:17px;color:#1a2332;cursor:pointer;padding:16px 20px\">What matters more than the SIP date?<\/summary>\n\n<p class=\"wp-block-paragraph\" style=\"padding:0 20px 18px 20px;line-height:1.8;color:#333;margin:0\">Investing regularly and consistently. A successful SIP is more about starting early, investing regularly and staying invested for the long term than about which date, which frequency, or what stage of the market cycle you begin in.<\/p>\n\n<\/details>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Do You Find This Interesting?<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-nowrap is-layout-flex wp-container-core-group-is-layout-8f761849 wp-block-group-is-layout-flex\">\n<p class=\"wp-block-paragraph\" style=\"line-height:1.8;text-align:justify\">We\u2019d Love to Hear from you-<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/form.typeform.com\/to\/bpQ8ZlDc\"><img decoding=\"async\" width=\"300\" height=\"64\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/Yes-No-Button.png\" alt=\"feedback yes or no button\" class=\"wp-image-8335\" style=\"width:300px;height:auto\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/Yes-No-Button.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/Yes-No-Button-150x32.png 150w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/figure>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:13px;line-height:1.6;color:#777\"><strong>DISCLAIMER: Investments in the securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Brokerage will not exceed the SEBI prescribed limit.<\/strong> Full disclaimer: <a href=\"https:\/\/bit.ly\/naviadisclaimer\" target=\"_blank\" rel=\"noopener\">https:\/\/bit.ly\/naviadisclaimer<\/a><\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>Investors often wonder whether selecting a specific date for their Systematic Investment Plan (SIP) can impact long-term returns. Common suggestions include choosing dates around the start, middle, or end of the month, or even near the monthly Futures &amp; Options (F&amp;O) expiry, when market volatility tends to be higher. But does timing the monthly SIP [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ub_ctt_via":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[209],"tags":[474,117,449,369,237],"class_list":["post-8488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds","tag-monthly-sip","tag-sip","tag-sip-date","tag-sip-guide","tag-sip-returns"],"aioseo_notices":[],"featured_image_src":"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/Which-Date-to-Select-for-Monthly-SIP.png","author_info":{"display_name":"Navia Markets","author_link":"https:\/\/navia.co.in\/blog\/author\/tradeplusonline\/"},"jetpack_featured_media_url":"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2025\/01\/Which-Date-to-Select-for-Monthly-SIP.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/8488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/comments?post=8488"}],"version-history":[{"count":22,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/8488\/revisions"}],"predecessor-version":[{"id":19095,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/8488\/revisions\/19095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media\/8498"}],"wp:attachment":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media?parent=8488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/categories?post=8488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/tags?post=8488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}