Best Daily SIP Mutual Fund

What Makes a Fund Suitable for Daily SIP

Not every mutual fund accepts a daily frequency, and among those that do, the ones worth shortlisting share a few traits:

• A minimum SIP ticket size low enough for daily instalments, often ₹100 to ₹500
• A direct plan, which strips out distributor commission and lowers your annual cost
• A large enough AUM base, since bigger funds tend to manage cash flows and rebalancing with less slippage
• Consistent tracking against the Nifty 50, so your return doesn’t drift far from the index

Index funds fit this brief better than actively managed equity funds because their cost structure is simpler and their behaviour is predictable. That predictability is what makes daily SIP investment worth doing in the first place, since you are relying on discipline rather than fund manager judgement.

Top 10 Daily SIP Mutual Funds

Below is the list of SIP plans that you can consider:

Updated as of 01 August 2026

How Daily SIP Mutual Funds Actually Differ

Since all ten track the same index, the differences that matter sit elsewhere:

• Fund age and AUM: UTI, HDFC, ICICI Prudential, SBI, and Nippon India have run their index funds for over a decade, with the largest asset bases in this category. That scale usually means tighter tracking and smoother handling of daily inflows.
• Expense ratio: Newer entrants such as Navi and Bandhan have priced their direct plans lower to compete, sometimes below 0.10%, specifically to attract small and daily SIP investors.
• Minimum SIP amount: Bandhan and Navi permit SIPs as low as ₹100, which matters when you’re investing daily rather than monthly, since the per-instalment amount is naturally smaller.
• Tracking error: Older, larger funds generally show lower deviation from the Nifty 50 TRI, though this can shift year to year and is worth checking before you commit.

A Practical Example

Take Arvind, who drives an auto-rickshaw in Nagpur. His daily earnings range from ₹600 to ₹1,200, with no fixed date he can rely on for a lump sum. He set up a ₹100 daily SIP in the Navi Nifty 50 Index Fund, drawn to its low minimum and low direct-plan cost. Eight months in, his biggest gain wasn’t return performance, it was that the money left his account before it could be spent on fuel or maintenance. For someone earning daily, this is what a daily SIP mutual fund is actually for: enforced saving that matches your income pattern, not an attempt to beat monthly investors on returns.

Compare that with Priyanka, a salaried schoolteacher in Lucknow, who read that daily SIPs average better and set one up despite getting paid once a month. Her bank statement got harder to reconcile, and her leftover salary sat idle in savings for weeks before the SIP absorbed it. She eventually moved to a monthly SIP dated three days after her salary credit, using the same HDFC Nifty 50 Index Fund, and found it simpler to track without giving up anything on the returns side.

What to Check Before You Start

• Confirm the fund’s SIP frequency options directly on the AMC website or your investment app; not every fund runs a daily SIP.
• Compare the direct plan’s expense ratio across two or three funds from this list rather than assuming the cheapest is automatically the best.
• Read the exit load and lock-in terms in the scheme document, since index funds occasionally differ here despite tracking the same benchmark.
• Set your mandate limit slightly above your daily instalment amount, so an odd high-value day doesn’t bounce the debit.

Choosing Best Daily SIP Mutual Funds in 2026

If your income is irregular or daily, Bandhan or Navi’s low minimum makes daily investing painless. If you already bank with SBI, HDFC, or ICICI and want one less account to track, their index funds work just as well, since tracking differences across these large funds are usually marginal over the long run. For someone building a first-time equity allocation, sticking to one of the five largest, oldest funds in this table (UTI, HDFC, ICICI Prudential, SBI, Nippon India) keeps the decision simple.

Conclusion

Among the best SIP plans for someone with daily cash flow, a Nifty 50 index fund on a daily SIP frequency remains one of the simplest routes into equities. The fund you pick from this list matters less than getting three things right: choosing the direct plan, staying invested through market swings, and raising your instalment amount as your income grows. Use the table as a shortlist, verify current returns and expense ratios on the AMC’s site, and match the fund to your own SIP investment habit rather than someone else’s recommendation.