Mahindra Mutual Fund plans to introduce any-day SIP in all schemes

Mahindra Mutual Fund will allow investors to choose random days for investments through systematic investment plan (SIP) under all its schemes with effect from November 1, a notice from the fund house stated.

Currently, investors can enroll for SIP facility with monthly, quarterly, only by choosing specified dates–1st, 5th, 10th, 15th 20th, and 25th or all 6 dates as SIP debit date.

Recently, Motilal Oswal Mutual Fund started a similar feature under six of its equity schemes.