Daily SIP
Daily Systematic Investment Plan (SIP) allows investors to invest
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SIP Plan Benefits
Start SIP with as low as ₹1000
No hidden charges
Save upto ₹46,800 in Taxunder section 80C^
Zero LTCG Tax¶
Disciplined & worry-free investing
What is a Daily SIP?
A Daily Systematic Investment Plan (SIP) is a method of investing in mutual funds or market-linked funds where you invest a fixed amount of money every day. This is different from traditional SIPs, which involve investing a fixed amount monthly or quarterly. Daily SIPs offer more flexibility and can be a great way to start investing with smaller amounts. By investing consistently, you can benefit from rupee cost averaging, which helps reduce the impact of market volatility over the long term.
- Insurance Companies
- Mutual Funds
|
Returns |
| Fund Name |
5 Years |
7 Years |
10 Years |
| Axis Max Life |
28.6% |
21.1% |
|
| Tata AIA Life |
26.52% |
21.28% |
|
| Bajaj Allianz |
20.49% |
12.87% |
|
| HDFC Life |
21.44% |
14.95% |
|
| ICICI Prudential Life |
20.5% |
- |
|
| Birla Sun Life |
22.25% |
14.81% |
|
| PNB MetLife |
20.48% |
16.44% |
|
| Canara HSBC Life |
16.68% |
10.38% |
|
| LIC India |
10.98% |
- |
|
| SBI Life |
16.86% |
12.02% |
|
Fund rating powered by
Last updated: Aug 2025
| |
Returns |
| Fund Name |
3 Years |
5 Years |
10 Years |
| QUANT |
23.92% |
31.48% |
|
| PARAG PARIKH |
20.69% |
26.41% |
|
| EDELWEISS |
22.34% |
24.29% |
|
| KOTAK |
24.64% |
25.01% |
|
| MIRAE ASSET |
19.74% |
24.32% |
|
| PGIM INDIA |
14.75% |
23.39% |
|
| DSP |
18.41% |
22.33% |
|
| CANARA ROBECO |
20.05% |
21.80% |
|
| SUNDARAM |
18.27% |
18.22% |
|
Last updated: August 2025
How Does Daily SIP Work?
Daily SIPs work by automatically deducting a small amount from your bank account every day. This amount is then invested in a chosen mutual fund or market-linked fund scheme. The key advantage of this approach is that it allows you to invest regularly, even if you have limited funds available.
Here’s how daily SIP works:
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Choose a market-linked fund: You select a fund scheme that aligns with your investment goals and risk tolerance.
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Set a daily investment amount: You decide how much you want to invest each day.
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Authorize bank mandate: You provide your bank details and authorize a recurring mandate for daily deductions.
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Daily investment: On each trading day, the specified amount is deducted from your account and invested in the chosen market-linked fund.
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Accumulation of units: Over time, you accumulate units of the fund, and your investment grows based on the fund's performance.
SIP Calculator
Monthly Investment
₹22.4 L
Top Funds with High Returns (Past 7 Years)
17.8%
High Growth Fund
20.3%
India Consumption Fund
15.07%
Accelerator Mid-Cap Fund II
15.24%
Global Equity Index Funds Strategy
15.5%
Pension India Consumption Fund
15.75%
Multiplier
15.37%
Virtue II
10.86%
Equity II Fund
13.98%
Accelerator Fund
11.47%
Pension Dynamic Equity Fund
14.4%
Frontline Equity Fund
12.58%
Equity Pension
11.75%
Equity Top 250 Fund
14.87%
Growth Opportunities Plus Fund
13.72%
Future Apex Fund
13.87%
US Equity Fund
What are the Benefits of Daily SIP?
Below are the benefits of daily SIP:
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Rupee Cost Averaging: This strategy helps mitigate the impact of market volatility. You buy more units when the NAV (Net Asset Value) is low and fewer units when the NAV is high, potentially reducing the average cost of your investment over time.
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Discipline: Daily SIPs create a disciplined approach to investing by encouraging regular contributions, regardless of market conditions.
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Accessibility: With small daily investments, Daily SIPs are accessible to investors with limited funds, making it easier to start investing.
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Flexibility: You can pause or stop the investment at any time, providing flexibility in your financial planning.
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Convenience: Daily SIPs are automated, making it easy to invest without the need for constant monitoring.
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Potential for Long-Term Growth: Consistent investing over a long period can help you accumulate wealth and benefit from the power of compounding.
Factors to Consider Before Starting Daily SIP
Below are the points to consider before starting daily SIP:
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Investment Goals:
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Short-term or long-term: Determine whether you're investing for short-term goals like buying a house or long-term objectives like retirement.
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Risk tolerance: Determine your comfort level with market fluctuations to choose appropriate fund types.
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Financial Situation:
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Emergency fund: Ensure you have an adequate emergency fund to cover unexpected expenses before starting SIPs.
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Debt: If you have high-interest debt, consider paying it off first before investing.
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Income: Evaluate your income and expenses to determine how much you can allocate to investments.
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Lock-in Period:
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Tax Implications:
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Market Volatility:
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Risk tolerance: Be prepared for market fluctuations and avoid making impulsive decisions based on short-term price movements.
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Long-term perspective: Focus on the long-term benefits of investing and stay patient during market downturns.
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Review and Rebalance:
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Regular review: Periodically review your investments to ensure they align with your goals and risk tolerance.
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Rebalancing: Rebalance your portfolio to maintain your desired asset allocation as market conditions change.
How to Start a Daily SIP?
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Choose a Platform: Select a reliable online investment platform or consult with a financial advisor.
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Select Funds: Research and choose a mutual fund or market-linked fund that aligns with your investment goals and risk tolerance.
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Set Up Automatic Contributions: Authorize your bank to deduct a fixed amount daily from your account.
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Monitor and Review: Regularly track your investment performance and make adjustments as needed.
Daily SIP Calculator
A Daily SIP Calculator is a financial tool that helps you estimate the potential returns on your Systematic Investment Plan (SIP) investments. By inputting details like the daily investment amount, expected annual return, and investment tenure, the calculator projects your future corpus. This tool empowers you to make informed investment decisions and visualize the power of consistent, disciplined investing over time. It's a valuable resource for anyone looking to grow their wealth steadily and systematically.
Daily SIP vs Monthly SIP
A Daily SIP involves investing a fixed amount every business day. A Monthly SIP involves investing a fixed sum in a fund scheme once a month. Below is a comprehensive comparison between daily SIP vs monthly SIP:
| Aspect |
Daily SIP |
Monthly SIP |
| Frequency |
Every day |
Once a month |
| Investment Amount |
Smaller amounts daily |
Larger amounts monthly |
| Market Volatility |
Captures day-to-day fluctuations |
Captures monthly fluctuations |
| Rupee Cost Averaging |
More frequent averaging |
Less frequent averaging |
| Convenience |
Can be less convenient due to daily commitment |
More convenient, as it requires less frequent transactions |
| Discipline Required |
Higher discipline to invest daily |
Moderate discipline required |
| Impact of Market Timing |
Lower impact due to frequent investments |
Higher impact as timing affects larger sum |
| Liquidity |
Potentially more liquidity control |
Less frequent adjustments possible |
| Transaction Costs |
Higher transaction costs due to frequency |
Lower costs as fewer transactions occur |
| Suitability |
Ideal for those wanting to mitigate short-term volatility |
Suitable for investors comfortable with monthly commitments |
Conclusion
Daily SIPs can be an effective strategy for investors looking to minimize risk by consistently investing in the market, regardless of its short-term movements. It encourages disciplined saving while potentially lowering the overall purchase cost of fund units. However, the higher transaction frequency may come with additional costs, and it requires greater dedication to maintain daily contributions. For those who prefer smaller, more manageable investments and wish to capitalize on market fluctuations, daily SIPs can offer an efficient way to build wealth steadily over time.
FAQs
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Is a Daily SIP better than a Monthly SIP?
Both Daily SIPs and Monthly SIPs have their advantages. Daily SIPs offer more frequent investments, which can be beneficial for rupee cost averaging. However,
monthly SIPs might be more convenient for some people as they require fewer transactions. Ultimately, the best option depends on your individual preferences and financial situation.
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Can I stop or pause a Daily SIP?
Yes, you can stop or pause a Daily SIP at any time. Simply inform your fund house or investment platform.
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Can I invest in multiple Daily SIPs?
Yes, you can invest in multiple Daily SIPs across different market-linked fund schemes to diversify your portfolio and manage risk.
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Is daily SIP good?
Daily SIPs are good for disciplined investing and rupee-cost averaging, but their return advantage over monthly SIPs is minimal. Choose based on your income cycle and comfort level.
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What is an SIP calculator and how does an SIP calculator help in your daily investment portfolio?
An
SIP calculator is a valuable tool that helps you estimate the returns on your mutual fund and market-linked investments made through a Systematic Investment Plan (SIP). By inputting the monthly SIP amount, investment duration, and expected rate of return, the calculator can determine the projected corpus amount at maturity. This empowers you to make informed financial decisions.
