PhonePe now allows mutual fund investments for just ₹10/day
06:01 pm
What’s the story
PhonePe Wealth Broking has launched a new feature called “Daily SIP,” allowing users to invest as little as ₹10 per day in mutual funds.
The move is aimed at retail investors who prefer smaller, regular contributions instead of monthly installments.
The feature can be accessed through the PhonePe app and supports UPI Autopay for seamless transactions.
Market trend
A response to rising interest in disciplined investing
The launch of Daily SIP comes as systematic investment plans (SIPs) continue to gain traction.
According to the Association of Mutual Funds in India (AMFI), monthly SIP inflows crossed ₹29,000 crore in October 2025.
The number of active accounts also rose to 9.45 crore, indicating a growing acceptance of disciplined investing among Indians.
User benefits
Daily SIP offers flexibility and choice
With the new facility, users can set up a daily SIP and choose from funds across categories like equity, multi-asset, and gold.
The amount can be increased, decreased or stopped anytime.
PhonePe Wealth said that the feature is aimed at savers with variable or daily cash flows.
Nilesh D Naik, head of Investment Products at PhonePe Wealth, said daily investments could help smooth out market fluctuations through rupee-cost averaging and encourage consistent saving habits.
Investor advantages
How investors can benefit from daily SIPs
Daily SIPs offer several benefits for investors. They can make micro contributions, use it as a budgeting tool to convert daily savings into investments, and enjoy the flexibility of stopping or modifying contributions based on short-term financial needs.