Are you someone who earns money on a daily basis? If yes, then there’s a smart and flexible investment option designed just for you. It’s called a Daily SIP — Daily Systematic Investment Plan — and it’s quickly becoming popular among regular earners. Even if you earn just ₹100 or ₹200 per day, you can invest a small part of it every single day into mutual funds using this plan. Over time, this small habit can help you create wealth in lakhs.
What is Daily SIP and How Does It Work?
Mutual fund companies are now offering SIP options that allow you to invest on a daily basis. This means you don’t need to wait till the end of the month to invest a lump sum. Instead, you can choose a fixed amount — even as low as ₹100 — and invest it every day. This works really well for people who receive their income on a daily basis such as gig workers, freelancers, small shop owners, or delivery staff.
Daily SIP is similar to regular SIP, but instead of investing monthly, you invest every day. These plans are automated, which means once you set them up, the money gets deducted from your account daily and invested into the mutual fund of your choice.
Related News
Is Daily SIP Better Than Monthly SIP?
This is a common question among investors. Many financial studies say that whether you invest daily, weekly, or monthly, the overall returns over a long period don’t differ much. However, the main difference lies in convenience and financial discipline.
For salaried employees, a monthly SIP is more suitable. They get their salary once a month, so they prefer investing a fixed amount at the beginning of each month. It’s simple, and it matches their income cycle.
On the other hand, people who earn money every day find it difficult to save a large amount for monthly investment. In such cases, a daily SIP helps build the habit of saving and investing slowly, without waiting or worrying about large sums.
Where Does Your Money Go in Daily SIPs?
Daily SIPs usually invest in mid-cap and small-cap mutual funds. These funds invest in medium and small-sized companies. Such investments may offer higher returns over time, but they also come with more ups and downs. So, your investment may go up or down more often in the short term. If you’re okay with a bit of risk and plan to invest for 5 to 10 years, this option can work really well.
If you prefer less risk and want more stability, you can choose to invest your daily SIP in large-cap mutual funds. These funds invest in top companies and usually offer more stable returns. So even with daily SIP, your money will grow slowly but steadily.
What Are the Types of SIPs Available?
There are three main types of SIPs you can choose from, based on how often you want to invest. The most common is the monthly SIP, where you invest once every month. It’s perfect for people with fixed monthly income. Then there’s the weekly SIP, where you invest once every week. This suits those who get weekly payments or want to invest in smaller amounts. Finally, there is the daily SIP, which lets you invest small amounts every day.
While mutual fund companies usually promote monthly SIPs more, daily and weekly SIPs are gaining popularity among young earners and those with flexible incomes.
But Is There a Catch? Let’s Find Out
Daily SIPs may sound very flexible, but they require a little more effort. You’ll need to track your daily investments, maintain records, and also set reminders in case there’s any issue with the auto-debit. If you are not used to handling many small transactions, this might feel like a bit of work.
Also, from a taxation point of view, things can get tricky. If you’re doing daily or weekly SIPs, each investment is considered a separate transaction for tax purposes. This means your capital gains, if any, will have different start dates, which can complicate tax filing later.
In contrast, a monthly SIP is easier to manage in records and taxation. You’ll have only twelve transactions per year to track. But if you can manage a little extra effort, daily SIPs can give you more control and flexibility over your money.
So, Who Should Go for Daily SIPs?
If you’re someone who gets paid every day and struggles to save large amounts, daily SIP is made for you. You don’t need ₹5,000 or ₹10,000 at once. Just ₹100 a day — that’s ₹3,000 a month — is enough to get started. In fact, over 10 years, if your investments grow at 12% annually, even that ₹100/day can turn into over ₹7 lakhs! That’s the power of consistency.
If you’re a student with part-time income, a freelancer who gets paid per gig, or someone in a cash-earning job, this plan helps you build a financial future without pressure.
Final Thoughts: Small Steps, Big Dreams
The beauty of SIPs is that they make investing simple and disciplined. Whether you choose daily, weekly, or monthly SIPs, the key is to stick with it regularly and not miss payments. It’s always better to invest ₹100 a day than to wait until you have a big amount and never start.
Daily SIPs are not just a trend — they are a smart way for today’s flexible earners to take control of their money. You don’t need to be rich to start investing. You just need the habit and patience to see it grow. Even ₹100 per day can create a strong foundation for a better financial future.
So if you’ve been waiting for the right time or the right amount — this is your signal. Start with just ₹100 a day, and let your money work for you.
