A new way to start SIP in mutual fund, SmartSIP by FundsIndia: Is it really smart? moneycontrol.com

One disadvantage in a mutual fund's systematic plan is that it channels a fixed sum of your money into equity markets, irrespective of where the markets are. Whether the markets are high or low, you end up investing the same sum of money, every month. Although you buy more units in rising markets and less units in falling markets, the monthly investment amount remains the same. How about investing more money when markets are down and less money when markets are up?