SIPs: Investors better off with monthly investments as it's easy to track

Investing every day leads to excessive averaging, which does not help in improving returns.

As investor are increasingly looking at systematic investment plan (SIP) to invest in mutual funds, a few distributors and fund houses have started offering variants of SIP. LIC Mutual fund has started a daily SIP option with a minimum investment amount of Rs 300 a day. HDFC Securities is offering the same for HDFC Mutual Fund at Rs 500 a day.

SIP helps investors to make the most of market volatility by averaging the cost of investments and removing the need to time the market. By this logic, can investing a small amount in the market daily instead of every