Many people start an SIP in a mutual fund and terminate it when the market is on the decline. This defeats the very purpose of investing via the SIP. As with any investment, you should link the SIP with a specific financial goal. If you don't keep an eye on your goals, you will invest in a haphazard manner and fall short of your requirements. List your financial goals in order of priority, fix a time frame for achieving these, and finally, quantify each goal in terms of the corpus required says Sachin Karpe. Fund houses allow SIP investments on specific dates of a month. One can provide ECS mandate or a direct debit instruction to be carried out on, say, the 1st, 5th, 15th, or 20th day of a month.
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