Save Rs. 100 With Daily SIP

Are you struggling to find the best daily SIP for yourself? Confused between daily SIP or monthly SIP, unsure which is right for you? Are you unable to find the right platform for daily SIP? Then, this is the perfect place for you for all your question. If you have zero savings at the end of the month, why wait for month end, start investing in daily SIPs today. In this article, we'll conduct a detailed overview of daily sip and comparison of these two strategies, analysing their returns, benefits, and the right platform to invest in SIP so that you can make informed decisions.

What are Daily SIPs?

A Daily SIP is simply an investment plan where you invest a fixed amount of money into a mutual fund on a daily basis in a disciplined manner. This mechanism offers investors the flexibility to invest according to one’s investment goals and create long-term wealth by investing a relatively small sum over a long period.

This is different from the conventional SIP, where the investment is typically made once a month. The idea behind Daily SIPs is to break down your monthly investment into smaller, more frequent contributions, thus taking advantage of daily market movements.

For example, if you plan to invest ₹3,000 a month in a mutual fund, you would typically invest this amount on a fixed date each month. With a Daily SIP, you would instead invest around ₹100 every day. This strategy is particularly beneficial for investors having regular cash flow or those who receive daily income, such as freelancers or business owners, and prefer to invest small amounts constantly to meet their financial and investment goals.   

Top 8 Daily SIP Investment Plan With Return

AMC	Min. Investment	1 Yr Return	3 Yr Return	5Yr Return	Invest Now
SBI Contra Regular Plan-Growth	Rs. 500	31.5%	40.9%	20.5%	View Plan
Axis Midcap Fund	Rs. 100	15.7%	25.2%	16.2%	View Plan
HDFC Small Cap Fund	Rs. 100	26.2%	38.0%	23.8%	View Plan
Quant Small Cap Fund	Rs. 100	41.1%	55.2%	28.5%	View Plan
ICICI Prudential Mutual Fund	Rs. 100	20.1%	20.1%	13.2%	View Plan
Tata Mutual Fund	Rs. 150	20.5%	22.3%	12.3%	View Plan
HDFC Mid-Cap Opportunities Fund	Rs. 100	25.2%	24.3%	13.3%	View Plan
UTI Mid Cap Fund-Growth Option	Rs. 100	16.2%	20.8%	11.8%	View Plan

Benefits of daily SIP in mutual funds? 

Daily SIP is the best way of investing. There are many benefits of daily sip:

• Power of compounding: This investment allows you to invest daily and earn a good amount of returns. This approach helps you to grow in the long term by staying invested in an investment.
• Convenience: People who don’t earn monthly will find this type of investment easier to go and more convenient. This method makes them invest daily which helps them to invest and secure their financial future.
• Flexibility: This is as flexible as your hand movement, whenever you want you can start this, pause this, or even restart this. You do not need to think twice before investing in this plan and if you are investing with Zfunds then just invest, sit back, and relax.
• Start less and increase gradually: In this investment, you can invest as little as Rs.100, and with time you will gradually start growing. Once you invest Rs.100 daily, you will start growing in a wealthier manner.
• Returns: Daily investing helps you get the best returns from mutual funds as daily investing
• Rupee cost-averaging:  This approach allows the investor to invest daily and earn daily without being affected by market volatility.

Daily SIP App

Now, you might be wondering how to start a Daily SIP and which app offers this feature. Look no further—ZFunds is the first and safest platform to facilitate Daily SIP investments. With ZFunds, you can easily set up a Daily SIP and start investing in mutual funds with just a few clicks. The platform is designed to provide a secure and user-friendly experience, making it the perfect choice for both new and experienced investors. Whether you want to take advantage of daily market movements or simply prefer making smaller, more frequent contributions, ZFunds has you covered. 

Start your Daily SIP with ZFunds today and take a step towards building a more disciplined and potentially rewarding investment portfolio.

Video: https://www.youtube.com/embed/8bKICdkkTxY?si=6m5YlPGnPWqmp-bV

Steps to Start Daily SIP With ZFunds App

Experience the ultimate convenience of investing through our best mutual fund app. Our app ensures that investors receive expert advice and assistance every step of the way. 

1. Download the ZFunds app from the Google Play Store.

2. Register yourself on the app by completing your KYC details.

3. Log In through your credentials.

4. Click on the banner/option saying ‘Introducing daily SIP plan’

5. You can invest in the top 5 funds of the 3 Top Fund Houses in India, i.e. Tata, HDFC, ICICI, and many more.

6. You can start with Rs 100 in ICICI, Rs. 150 in Tata, and Rs. 300 in HDFC and further investments can be made in multiples of Rs. 100

7. Choose the fund you are willing to invest in and click on the ‘Add to cart’ button.

Daily SIP "Add to Cart"

8. Enter the amount select one-time mandate and pay now. The one-time mandate may take 15-20 days to set up and then the SIP will start automatically without any hassle

9. After this pay now option will let you make the first investment instantly.

10. Once the payment is done, the investment will be made.

11. Investors must note that the investment is only made on working days and not on weekends and public holidays.

12. You can check the investment in the portfolio section along with other details.

13. Monitor and Adjust: Regularly monitor the performance of your investment and make adjustments as needed. While Daily SIPs offer better averaging, it’s important to stay informed about market trends and your fund’s performance.

14. ZFunds also gives you the flexibility to modify your Daily SIP amount, switch funds, or stop the SIP altogether if your financial goals or situation change.

⭆Daily SIP in Nippon India Mutual Fund⭅

Benefits of investing in Nippon India Mutual fund

• Flexibility: You just need to invest a small amount of money according to your convenience.
• Rupee Cost Averaging: Extend your investment, in the different market spheres and under different market schemes
• High return potential: Daily investment can lead to high returns. It enhances the growth potential of an investment.
• Shortest investment horizon: You can access your investment whenever you feel like it.

How to Start a Daily SIP with Nippon India Mutual Fund

To start your Daily SIP with Nippon India Mutual fund, you need to follow these steps:

• Download the app: Download the Zfunds app or ICICI mutual fund app from the Play Store.
• Register/ Complete your KYC: Register yourself on the app, and complete your KYC process. 
  Fund Selection: Choose a fund that fulfills your financial desires.
• Setup your SIP: Now select your daily sip option and set your investment amount
• Bank linkage: Make sure that your bank account is linked with your Account Nippon India Mutual Fund
• Authorization Setup: Do this authorization setup, and you are ready to start.

⭆Daily SIP in SBI Mutual Fund⭅

Benefits of investing in SBI Mutual Fund 

• Secure Growth: Consistently invest a small amount of money in this, and grow securely.
• Risk management: Less market volatility as you invest regularly.
• Personalized Plans: Pick a plan that suits you.
• Easy Access: You can withdraw, pause, or invest any time.

How to start a Daily SIP with SBI Mutual Fund 

If you want to invest Daily SIP in SBI Mutual Fund, then follow these steps:

• Download App or Vist Website: Visit their site or download SBI Mutual Fund
• Registration & KYC: Register on the app and then complete your KYC process.
• Select a Fund: Decide which fund suits you and select that particular fund.
• Daily SIP Setup:Select the SIP frequency and the amount of investment.
• Link your bank account: Associate your bank with the Mutual fund Account.
• Authorization: Authorize your account and then you are ready to invest.

⭆Daily SIP in HDFC Mutual Fund⭅

Benefits of SIP in HDFC Mutual Fund

• Constantly Saving: Invest a small amount of money every day and build a disciplined investment strategy.
• Reduced Market Impact: Daily contribution minimizes the market impact.
• Personalized Investment: You can choose your daily SIP Plan and whatever investment amount you wish to invest.
• Access your fund: You can access your mutual fund account anytime also you can pause start or withdraw anytime.

How to start your SIP in HDFC Mutual Fund 

• Install App: Download the app from the Google Play Store.
• Register and complete KYC: Register yourself on the app and then complete all your KYC formalities.
• Choose a fund: Select a fund of your choice, according to your financial plan.
• Link your account: Associate your bank account with the mutual fund account.
• Authorization: Authorize your account and then start investing.

Types of SIPs based on tenure

Duration-based SIP types SIPs may be categorized according to their duration; typically, weekly and monthly SIPs are the most commonly used investment strategies.

• Monthly SIP: A certain amount is deposited into a mutual fund each month. These are the SIPs that are most often utilized.
• Weekly SIP: A set amount is withheld each week and invested in a mutual fund plan.
• Daily SIP: A certain amount is deposited into a mutual fund each day.

Depending on your risk tolerance, you could prioritize choosing the correct mutual fund over the best fund to fulfill your financial goals. SIP might be used as a method for mutual fund investment. You must consider selecting the appropriate equity.

Which one to choose: Daily SIP vs. Monthly SIP

Aspect	Daily SIP	Monthly SIP
Investment Frequency	Invests on each business day of the month	Invests on a specific date each month
Smaller Investment	Involves smaller daily investments	Involves a larger single monthly investment
Rupee Cost Averaging	Beneficial due to more frequent investments	Beneficial due to fixed monthly investment
Market Volatility	Helps manage market volatility effectively	Might have slightly less frequent averaging
Compounding Effect	Can potentially enhance compounding effects	Offers consistent compounding on a monthly basis
Disciplined Investing	Requires daily commitment to invest	Requires monthly commitment to invest
Convenience	Might require automation for convenience	Easier to manage and remember on a monthly basis
Investment Flexibility	Offers higher flexibility with daily investments	Slightly less flexible due to monthly investments
Behavioral Impact	Could deter impulsive decisions due to daily investments	Might have slightly more impulsive decisions
Long-Term Goals	Ideal for those focused on long-term goals	Also suitable for long-term wealth building

Points to be considered before choosing Daily SIP type

Investing in mutual funds is not as easy as it seems to be, you need to keep in mind that there are always some drawbacks and some or the other catch which we sometimes fail to get. So to avoid such a situation here are some pointers that should be considered before investing or choosing any type of SIP plan: 

• Fund Efficiency Matters: The growth potential of daily SIPs depends on the fund management's efficiency. Consider the credibility and strategy of the mutual fund before investing in daily SIPs.
• Risk and Returns: Daily SIPs can limit losses due to gradual investments, but they often offer lower returns compared to monthly SIPs, which carry higher risk.
• Suitability for Income Types: Daily SIPs are ideal for those with daily wage incomes or irregular earnings, while monthly SIPs are better suited for those with stable monthly incomes.
• Choosing SIP Date: For salaried employees, align the SIP date with your salary credit date to ensure sufficient funds in your bank account. Missing three consecutive SIP installments can lead to cancellation by the AMC and potential bank penalties.
• Diversification: Daily SIPs contribute to diversification, but it's essential to diversify your entire financial portfolio for better returns. Monthly SIPs can yield higher returns if you average the purchase price and the fund isn't too volatile.
• Investment Monitoring: Monthly SIPs offer better investment planning opportunities and easier monitoring. Daily SIPs can be more challenging to track, especially when investing in multiple mutual funds.
• Complexity of Tracking: Daily SIPs can make it tedious to monitor investments and returns. Multiple entries for SIP purchases in your account can make it difficult to manage all your assets effectively.

Conclusion

Daily SIPs are an innovative and effective way to invest in mutual funds, especially in a market that experiences regular fluctuations. By investing small amounts daily, investors can better manage risk, build disciplined investing habits, and potentially enhance their returns. Whether you are a seasoned investor looking to diversify your strategy or a beginner aiming to start small, Daily SIPs provide a flexible and powerful tool to grow your wealth.

Important Sources to Learn

Systematic Investment Plan	SIP Returns Calculator
Daily SIP Investment	Best Mutual Fund to Invest
Invest in Mutual Funds	Daily SIP Calculator

FAQs - Daily Investment Plan

Q. Is daily SIP possible?

A. Yes, with Zfunds daily sip is possible. 

Q. Which app is best for daily SIP?

A. ZFunds stands out as the first and best platform for setting up a Daily SIP, offering a secure and user-friendly experience for investors. It allows you to take advantage of market fluctuations by investing small amounts every day.

Where can I invest 100 rupees daily?

A. Zfunds offers a simple and accessible option to invest just 100 rupees daily, helping you build your financial future, one step at a time.

Q. What type of mutual fund to invest in daily?

A. Consider money market funds for everyday investment for stability and liquidity, daily SIp will always be the best option than others.  

Q. Which SIP is best for daily?

A. Here is the list of funds to invest in daily sip:

• Canara Robeco Bluechip Equity Fund.
• Mirae Asset Large Cap Fund.
• Parag Parikh Flexi Cap Fund.
• UTI Flexi Cap Fund.
• Axis Midcap Fund.
• Kotak Emerging Equity Fund.
• Axis Small Cap Fund.
• SBI Small Cap Fund.

Q. What is the minimum amount for daily investment?

A. The investment will depend upon the investor whatever amount of money they want to invest. 

Q. Can I invest daily in sip?

A. Yes, you can also do a Daily SIP wherein investments in mutual funds will be made daily. Unlike a monthly SIP where investment is made every month, Daily SIP is deducted on working days of the month.

Q. How to invest in Daily SIP Mutual funds?

A. To start a Daily SIP in Mutual funds, download the ZFunds App from the Play Store. Choose from the available funds for Daily SIP in AMCs including ICICI Prudential Mutual Fund, Tata Mutual Fund, HDFC Mutual Fund & UTI Mutual Fund.

Q. What is the Best Daily SIP Option in Mutual funds?

A. The best Daily SIP option in mutual funds will depend upon the needs & requirements of the investors like investment horizon, risk profile, financial goals, etc. You can connect with our ZFunds Experts to know more.

Q. What are daily SIPs?

A. Daily Systematic Investment Plan (SIP) is a concept and one of the methods in investing in mutual funds. It can be termed as an investment in MFs daily with a certain amount of money in a disciplined manner.

Q. What is the difference between daily and monthly SIP?

A. The major difference between the two is that daily SIP invest daily while in monthly SIPs, investments are made every month. 

Q. What are the benefits of daily SIP?

A. Investors can reap the benefits of rupee cost averaging by daily SIPs along with reduced burden and flexibility to start small and build wealth over the long run.

Q. How to invest in daily SIPs through the ZFunds app?

A. Investors can install and login on the ZFunds app and click on the daily SIP plan banner/tab to proceed further. For a detailed explanation, watch our video here.