New Delhi, Aug. 18 -- Deepak Shenoy, Founder and CEO of Capitalmind Mutual Fund, has discussed SIPs on X. The post has gone viral, already garnering more than 65,000 views.

Shenoy noted monthly SIP investments had now reached Rs.31,000 crore nationally. Shenoy argued the primary benefit wasn't actually price averaging, contrary to popular belief.

Most people have a monthly SIP; Deepak Shenoy explained why. Most people earn income monthly, naturally suiting monthly investing.

"The main reason is: most of us earn money monthly. End of story. You earn, you spend, you save, you invest. That cycle happens monthly, and therefore you SIP monthly," the financial entrepreneur wrote.

However, there is a secondary reason supporting SIPs. Money l...