Today, ₹21 doesn’t buy much: maybe a cup of tea or a quick snack. But what if that small, insignificant amount could fund your future dreams?
Investing has long been viewed as a playground for the wealthy, requiring thousands of rupees to get started. Paytm Money is here to change that narrative. With the new Daily SIP feature, you can start your investment journey with just ₹21 per day.
Here is how you can invest that loose change and start letting the power of compounding grow it for you.
What is Paytm Money Daily SIP?
Paytm Money Daily SIP (Systematic Investment Plan) is a micro-investment tool designed for the everyday investor. Instead of waiting to accumulate a large lump sum at the end of the month, this feature allows you to invest small amounts daily.
- The Concept: You choose a mutual fund, and Paytm Money automatically deducts a small amount (starting at ₹21) from your bank account every day.
- The Goal: To build financial discipline without affecting your daily lifestyle or monthly budget.
Why ₹21? The Power of “Micro” Habits
Investing ₹21 might seem small, but it adds up. By the end of a year, you have invested over ₹7,600—plus the returns generated by the market. This approach makes investing accessible to everyone, from students and homemakers to first-time investors.
Why You Should Switch to Daily SIPs
Beyond just affordability, there are distinct advantages to choosing the Daily SIP route on Paytm Money:
- Zero Stress Automation (UPI Autopay): Forget about setting reminders. With UPI Autopay, your investment is automatically debited from your linked bank account at the same time every day. You set it up once, and the system handles the rest.
- Rupee Cost Averaging: Markets fluctuate daily. When you invest monthly, you capture the market price in just one day. When you invest daily, you average out the buying cost over 30 days. This can potentially lower your risk and smooth out market volatility.
- No Transaction Fees: When you invest through Paytm Money, you pay zero transaction fees. This means 100% of your ₹21 goes toward your investment, maximising your returns over the long run.
- Unmatched Flexibility: Financial situations change. You can start, pause, or stop your daily SIP at any time without penalties.
How to Start Your Daily SIP Journey
Ready to turn that ₹21 into an asset? Here is how to set it up in the Paytm Money app:
- Open the Paytm Money app
- Click on the Mutual Funds tab in the homescreen
- Choose Daily SIP
- Choose from available mutual funds
- Choose ₹21 as your investment amount
- Click on Pay & Setup Autopay of ₹21
- Once you’ve made your selection, an OTP will be sent to your registered mobile number
- Enter the OTP in the app to verify your details
- After verification, ₹21 will be debited from your chosen bank account daily for your investment
Important Things to Know (FAQ)
Before you start, here are the technical details regarding how your money moves:
Q: Do deductions happen on weekends?
Yes, Paytm Money deducts the amount every single day, including weekends and holidays. However, the actual investment (purchase of units) occurs on the next working day.
Q: When is the money taken from my account?
- 1st Deduction: Immediately upon registration.
- 2nd Deduction: T+3 calendar days later.
- Future Deductions: Daily thereafter.
Q: When do I get my Mutual Fund units?
- Payment before 3 PM: Units allocated on T+1 working day (after 3 PM).
- Payment after 3 PM: Units allocated on T+2 working days (after 3 PM).
Q: Can I invest more than ₹21?
Yes, you can choose from six fixed denominations: ₹21, ₹51, ₹101, and ₹151. Note that you can also set a custom frequency, like weekly and monthly.
How to Manage or Stop Your SIP
If you need to take a break or increase your investment amount by switching plans, canceling is simple:
- Open the Paytm Money App and go to the Mutual Fund section
- Tap on ‘SIPs’ at the bottom right
- Choose your active Daily SIP
- Click on ‘Cancel SIP’ and confirm by tapping ‘Proceed to Cancel SIP’
Final Thoughts
Financial freedom doesn’t always start with a lottery win or a massive paycheck. Often, it starts with a small, disciplined decision. By setting aside just ₹21 a day—the price of a quick snack—you are building a habit that will pay dividends for years to come.
Don’t let a tight budget stop you. Open the Paytm Money app today and start your journey for just ₹21.
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. This is not Exchange traded products, and the Paytm money Ltd. (PML) is just acting as distributor. Please note that all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. This content is purely for information purpose only and in no way to be considered as an advice or recommendation. Paytm Money Ltd SEBI Reg No. Broking – INZ000240532, Depository Participant – IN – DP – 416 – 2019, Depository Participant Number: CDSL – 12088800, NSE (90165), BSE (6707), SEBI reg No. Research Analyst – INH000020086. Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi – 110019. For complete details, please visit: https://www.paytmmoney.com
