Bhubaneswar : PhonePe Wealth Broking Private Limited (PhonePe Wealth) today announced the launch of its Daily SIP (Systematic Investment Plan) feature in mutual funds, making it possible for users to invest as little as ₹10 per day directly through the PhonePe app. This will empower potential investors to convert their daily savings into investments effortlessly and enable more Indians to build wealth over time.
India’s mutual fund industry has been witnessing rapid growth, especially in SIPs. According to Association of Mutual Funds of India (AMFI), monthly SIP inflows surged to over ₹29,000 crore in October 2025 – an annualized growth of more than 30% over the past five years. This growth is also reflected in the steadily rising contributing SIP accounts which stand at 9.45 crore as of October 2025. This shows a strong preference for disciplined investing with investors making periodic contributions in mutual funds.
To this extent, the launch of Daily SIPs will further enable users to invest as low as ₹10 daily, making mutual fund investments more convenient and affordable for individuals with daily cash flows and savings acting as the first step towards building financial wealth.
During the launch, Nilesh D Naik, Head of Investment Products at Share.Market (PhonePe Wealth) said, “With Daily SIPs, we are making investing more habitual for millions of Indians. Through daily investments, investors benefit from rupee-cost averaging, which helps overcome short-term market volatility. Even a daily investment of ₹10 encourages disciplined, long-term investing and can contribute to long-term wealth creation. Our goal with the product is to simplify investing and help every Indian participate in the country’s growth story.”
