Is it wise to invest in equity diversified mutual funds through daily SIPs?
Systematic Investment Plans (SIP) is a good thing because they enable you to average out your investments in equities. But too much of a good thing may not be good. Daily SIPs would create a lot of headache in terms of making sure they're happening, looking at the accounting part of it, reconciling with your statements, etc. It would be a huge distraction. And statistically, if you're investing for a long period of 5-10 years, daily SIPs won't even make any meaningful difference.