Investing in ETFs.
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Before investing in ETFs, I have some questions regarding this:
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Would a regular ETF purchase plan, like a SIP, be beneficial for testing strategies? If yes, what's the recommended purchase interval—daily, weekly, or monthly?
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If I purchase ETFs on a daily basis, then how are the transaction costs calculated?
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Monthly SIP is a suitable approach for small investments. For initial testing, choose the weekly or monthly investment to keep transaction costs low.
If you buy ETFs daily, then the transaction expenses will consist of different charges like exchange, brokerage fees (which vary depending on the trading platform you use), the Securities Transaction Tax (STT), stamp duty, and GST.