Best Mutual Fund SIP Dates

Data Collection and Preprocessing

Data Source

The raw data for this project was obtained from the Association of Mutual Funds in India (AMFI) website. The AMFI provides historical NAV (Net Asset Value) data for various mutual funds, which is essential for analyzing the performance of SIP (Systematic Investment Plan) investments.

Steps to Download Data

1. Visit the AMFI NAV History Download page.

2. Select the appropriate mutual fund and the time period for which you want the NAV data.

3. Download the data as a CSV file.

Data Preprocessing

After downloading the raw data, several preprocessing steps were performed to prepare it for analysis. Below are the detailed steps:

1. Load the Data:

   • Read the CSV file into a Pandas DataFrame.

   • Parse the dates and sort the data to ensure chronological order.

2. Data Cleaning:

   • Handle missing values by either filling them with appropriate values or removing the corresponding rows.

   • Rename columns for better readability if necessary.

3. Feature Engineering:

   • Extract relevant features such as the day, month, and year from the date column.

   • Calculate additional metrics if neede, such as monthly returns or cumulative returns.

4. Save the Preprocessed Data:

   • Save the cleaned and processed data to a new CSV file for future use.

By following these steps, we ensured that the data is clean, well-structured, and ready for further analysis. This preprocessing is crucial for accurate and meaningful insights during the subsequent stages of data analysis and visualization.

You can adapt this explanation and code to your specific needs and include it in the README.md file of your GitHub repository to help others understand how you collected and processed the data for your project.

Data Analysis

• Monthly SIP Calculation: Calculated the returns for SIP investments made on different dates of each month.

• Return Comparison: Compared the returns for SIP investments made on different dates to identify trends and patterns.

• Visualization: Created visualizations to represent the data and findings clearly.

Results:

Optimal SIP Date: After analysis, the 24th of each month is recommended as the best date for starting a Systematic Investment Plan (SIP). This suggestion is based on thorough research and data analysis. However, individual circumstances may vary, so consider personal factors before making investment decisions.

Github Repository link :