MintingMoney
MintingMoney

How many of you do a daily sip?

3mo ago2.2K views
MintingMoney
MintingMoney

I was just reading this from a premium big investor he literally dose daily sip instead of monthly because price averaging has a different result than a monthly number. Apparently doing daily sip gives a difference of atleast 9 to 27% in the performance of ROI... I just asked to know if someone has already experienced it.

splender
splender

But does any platform support that?

MintingMoney
MintingMoney

Well technically we can do it manually as well but I think kotak neo dose support daily sip.

CuriousSaucy
CuriousSaucy

I don’t think so it will impact that much. Investing 6k ₹ per month vs 200 ₹ per day won’t have much impact as daily change in NAV will be negligent, overall the return will be same.

If amount is 1000-5000 ₹ per day then the ROI can be more.

CuriousSaucy
CuriousSaucy

But again not sure how it will impact considering the NAV difference won’t be too high/low.

MintingMoney
MintingMoney

Well what ever the amount small and mid caps sometimes move decent in a month or two so we might end up buying th stocks prices higher right? Weather a couple of hundreds or thousands it's still the same percentage maybe we might not see the value in money due to small numbers when it's in hundreds. I think in recent past this numbers changed earlier it would not have mattered but now stocks are moving faster.

CODERNINENU
CODERNINENU
HSBC3mo

Monthly Salary SIP 😉

ElonMast
ElonMast

https://youtu.be/M5VEwtsHnlo?si=xem-7JR2xHt5NUjx

Don’t complicate life for 0.01% gains. Make investing bit boring

MintingMoney
MintingMoney

That's what u said earlier years it would not have made much difference but present Years data changed I have seen small or mid caps hitting 30-50% growth in just one months. So it will make a decent difference.

ElonMast
ElonMast

Will they keep doing the same?

BiryaniEnthu
BiryaniEnthu

I read this and wondered what are you sipping daily 😅 Then saw the community it was posted on

MintingMoney
MintingMoney

😂😂 my bad should have mentioned it clearly in the question.

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