Weekly SIPs perform marginally better than monthly SIPs but look at the following slide before starting one…
- It involves many more transactions - You have a much longer transaction statement
- Tracking transaction statements can be a hassle - It also complicates your capital gains tax computation
Not really. They outperform by 0.04 per cent at best over 10 years, meaning they are not worth the stress. (contd.)
Instead, opt for monthly SIPs. You earn on a monthly basis, and can invest every month.
Monthly SIPs make more sense than weekly SIPs.