SIP dates, frequencies and minimum amounts
Setting up a SIP takes a few minutes. Getting the date and the mandate right saves a missed instalment.
Updated 23 Oct 2026 · 2 min read
Dates and frequency
Most fund houses let you choose any date for a monthly SIP, and many also offer daily, weekly and quarterly SIPs. Pick a date a few days after your salary arrives so the debit does not fail.
The bank mandate
A SIP is paid by an automatic debit you authorise once: an e-NACH mandate through net banking or a debit card, or UPI AutoPay. Setting up the mandate takes a few days, so the first instalment may be paid separately. The mandate sets a maximum per debit; choose a limit above your SIP if you plan to raise it later.
Minimum amounts
Minimum SIP amounts are set by each fund, usually between ₹100 and ₹1,000 a month. Every fund page here shows the fund's minimum SIP and minimum one-time amount.
If a debit fails
A missed instalment is not a penalty from the fund, but your bank may charge for a bounced debit. After several failed instalments in a row, the fund house may cancel the SIP.
Raising or changing a SIP
You can usually set a step-up when you start, raising the amount by a fixed sum or percentage each year. To change the date or amount otherwise, start a new SIP and stop the old one. The step-up SIP calculator shows what a yearly rise adds.
Questions
Can I have more than one SIP in the same fund?
Yes. Each SIP runs on its own date and amount.
What happens if my SIP date is a holiday?
The instalment is processed on the next business day, at that day's NAV.
Each fund page has its returns, risk, costs, managers and everything it holds.
This guide explains how things work. It is not investment, tax or legal advice. Rules change; check the fund house's documents, and a qualified adviser for your own case.