Nippon India Banking and PSU Debt Fund - Direct Plan - Growth Option
Nippon India Mutual Fund
Income/Debt Oriented Schemes - Banking and PSU Debt Fund
Best SIP day: the 21st.
Best SIP day for this fund
The 21st
Thin edgeThe 21st had the highest full-history XIRR for this fund. The same dates kept doing well across the history, but by very little: 0.01 pp above the middle of the month.
Why the 21st
- Highest return of all 28 dates7.014%
Full-history XIRR, 0.01 pp above the middle of the month (7.005%).
- How far apart the 28 dates are0.01 pp
From the 6th (7.001%) up to the 21st. Narrower than the 0.25 pp a date effect needs, though the order of dates held (0.82).
- What the spread is worth₹10,552
Between the highest- and lowest-value dates (the 1st and the 28th) on a notional ₹10,000 a month: 0.5% of the ₹20.6 lakh it grew to over 11.3 years.
Missing one instalment costs more than picking this date over a typical one.
The date with the highest XIRR and the date with the highest final value differ here, which points to noise.
Higher than todayLower than todayTodayBest dayNot a SIP date
Each SIP date shows its full-history XIRR. Dates shaded as “higher than today” beat today’s date; the other shade fell short. Weakest to strongest across all 28 is 0.01 pp, and the deeper the fill, the further from today’s figure that date sat. Tap a date (1–28) to compare it with the named day; that does not change the answer.
Loading the calendarDoes not change the named day.
What to keep in mind
The date with the highest XIRR and the date with the highest final value differ here, which points to noise.
The date with the highest return and the date that ended with the most money are not the same date here. When two measures of the same question disagree, the difference between the dates is noise.