Systematic Investment Plans (SIPs) have many benefits. One of the biggest advantages is that you can start investing with just ₹100. Many mutual funds allow you to begin with a small amount. SIPs also give you the option to withdraw your money, depending on the fund’s rules. However, there may be exit charges or other fees when you take your money out early.
It is important to remember that while SIPs give you the chance to withdraw, you may not get your money instantly. Early withdrawal can come with extra charges like exit loads. Also, the real benefit of SIPs comes from the power of compounding, which helps your money grow more over time. Now, let’s find out how much money you can earn in 10, 20, and 30 years by investing ₹100 every day through SIP.
What is a Daily SIP?
A Daily SIP (Systematic Investment Plan) is a way to invest money in mutual funds every working day. It is different from monthly SIPs. In daily SIP, a fixed amount like ₹100 is invested in the mutual fund every trading day.
Who Should Choose Daily SIP?
Daily SIP is good for:
People who do not earn the same every month, like freelancers or part-time workers.
People who do not want to invest a big amount at one time.
People who want to invest automatically without doing anything daily.
How Much Money Can You Make by Investing ₹100 Every Day?
In 10 Years
If you invest ₹100 every day for 10 years, you will invest ₹3,65,000.
The profit you may get is ₹3,13,340.
So, the total money you may have is ₹6,78,340.
In 20 Years
If you keep investing for 20 years, you will invest ₹7,30,000.
The profit may be around ₹20,55,161.
Your total money may become ₹27,85,161.
In 30 Years
If you invest ₹100 every day for 30 years, the total money you invest will be ₹10,95,000.
The profit may be ₹82,33,629.
So, your total money may become ₹93,28,629.