Daily SIP vs Monthly SIP: When it comes to mutual fund investing, consistency is the key, and it matters the most, and so does the approach – how you invest. Rs 350 daily vs Rs 10,500 monthly SIP may look identical in total contribution, but their outcomes can differ due to market timing and compounding effects.
A Systematic Investment Plan is a way to invest a fixed amount regularly in a mutual fund. Instead of investing a large sum at once, you contribute small amounts periodically, which helps you build wealth steadily over time.
Whereas a Daily SIP is where a fixed amount is invested in a mutual fund every day. Unlike a monthly SIP, which invests once a month. It allows you to invest small amounts consistently, making it easier to manage cash flow while gradually building wealth.
Rs 350 daily SIP: How much could you get in 15 years?
In 15 years, the investment amount will be Rs 19,16,250, the estimated return in 15 years could be Rs 34,59,382, and the estimated total corpus in 15 years could be Rs 53,75,632.
Rs 10,500 monthly SIP: How much could you get in 15 years?
In 15 years, the investment amount will be Rs 18,90,000, the estimated return in 15 years could be Rs 34,08,048, and the estimated total corpus in 15 years could be Rs 52,98,048.
Rs 350 daily SIP vs Rs 10,500 monthly SIP: Which can generate a higher corpus?
Thus, it is quite clear from the above calculations that a Rs 350 daily SIP invested for 15 years could generate a higher total corpus than a Rs 10,500 monthly investment for 15 years.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
