I am also investing in 4 mutual funds ...instead of doing SIP , I have enabled for online investing and whenever there is a dip of 500 points I buy these funds....in case there is no dip in a month then I buy the months budget on last day of the month...that is my way of SIP.
Good, I always felt that we are sitting in front of the terminal every day...so why depend on some arbitrary date for SIP ? ....we can invest when market takes a dip.
You may be right. But our market is controlled by FIIs and we are dependent on their whims and fancies. They just need a cause/reason (bahana) to tank the market or lift the market. In recent past, I have lost, big chunk of money because to this Ukraine and Iraq.