Imagine saving a small amount every day and watching your money grow over time. With Paytm’s daily SIP (Systematic Investment Plan) starting at just INR 21, this dream can become a reality. Investing doesn’t have to be a daunting task reserved for those with substantial disposable income. Instead, it can be as simple as setting aside a pocket-friendly amount daily, allowing you to benefit from the power of compounding interest.

In this blog, we will explore how to effectively start investing in daily SIPs with Paytm, the benefits of this approach, and the steps you need to take to set up your investment journey.

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What Is Paytm Daily SIP at Rs 21?

Paytm Daily SIP is an investment option that allows you to invest just ₹21 every day. This systematic investment plan (SIP) enables you to choose a mutual fund where you want to invest and link it to your bank account. Each day, ₹21 will be automatically debited from your linked account at the same time, making it easy to build your investment without needing to remember to make manual payments.

With Paytm Daily SIP, your money will not only be invested but will also earn interest over time, allowing it to grow steadily. This approach encourages disciplined saving and investing, making it accessible for everyone, even those with a limited budget.

Benefits of Paytm Daily SIP at Rs 21

Here are the benefits of Paytm Daily SIP:

Affordable Investment: With a starting amount of just ₹21 per day, Paytm Daily SIP makes investing accessible for everyone, including those with limited budgets.
Automated Payments: By using UPI Autopay, your daily investment is automatically debited from your linked bank account at the same time each day.
Power of Compounding: Regular daily investments allow your money to grow over time through compounding.
Flexibility: You can start or stop your daily SIP at any time without any penalties. This flexibility allows you to adjust your investment based on your financial situation.
Financial Discipline: Committing to a daily SIP fosters a habit of regular saving and investing, helping you build a substantial corpus over time without feeling the pinch of a lump-sum investment.
Convenience: Setting up a Paytm Daily SIP can be done in just a few minutes through the Paytm app, making it easy for anyone to start investing.

How to Invest in Paytm Daily SIP?

Step 1: Open the Paytm app and navigate to the ‘Wealth’ section.

Step 2: Click on ‘Daily MF SIP’.

Step 3: You will see multiple SIP investment options like ₹21, ₹51, ₹101, etc.

Step 4: Choose ₹21 as your investment amount.

Step 5: Next, select the mutual fund you want to invest in.

Step 6: Once you’ve made your selection, an OTP will be sent to your registered mobile number.

Step 7: Enter the OTP in the app to verify your details.

Step 8: After verification, ₹21 will be debited from your chosen bank account daily for your investment.

A few points to remember:

Will payments be deducted on weekends and holidays?

Yes, Paytm deducts payments every day, including weekends and holidays. However, the amount is invested on the next working day.

When will the payments be deducted from my bank account?

First deduction: During daily SIP registration.
Second deduction: T+3 calendar days.
Third & future deductions: Daily thereafter.

When will I see the allotted units in the app?

If payment is made by 3 pm: Units will appear on T+1 working day, after 3 pm.
If payment is made after 3 pm: Units will appear on T+2 working days, after 3 pm.

What fund houses and schemes can I invest in?

Paytm currently offers 3 schemes from ICICI Prudential and is working on adding more fund houses and schemes soon.

What amounts can I choose to start my SIP?

You can choose from 6 available options: ₹21, ₹51, ₹101, ₹201, ₹501, and ₹1001.

Can I adjust the frequency of payments?

Currently, Paytm does not offer the option to change the frequency to monthly/weekly SIP.

Why Should You Invest in Daily SIP at Rs 21?

Flexible Investment Options

Paytm allows investors to set up daily SIPs, providing flexibility to invest small amounts regularly, which is ideal for those with fluctuating incomes.

Low Minimum Investment

You can start investing with a minimal amount, making it accessible for everyone, including students and homemakers. This encourages regular saving without needing a large initial capital.

Automated Investment Process

Paytm’s platform automates the investment process, ensuring that your daily SIPs are executed without the need for manual intervention

Power of Compounding

Investing regularly allows you to benefit from compounding, where your returns generate additional returns over time.

User-Friendly Interface

The Paytm Money app is designed for ease of use, allowing you to track investments, set notifications for SIP dates, and manage your portfolio conveniently.

No Transaction Fees

Investing through Paytm Money incurs no transaction fees, maximizing your returns as you don’t lose a portion of your investment to fees.

Comprehensive Investment Options

In addition to mutual funds, Paytm offers SIPs in stocks and ETFs, allowing for diversification in your investment portfolio.

Check: Compound Interest Calculator

How to Stop or Pause a Daily SIP of ₹21?

If you no longer need the ₹21 SIP, want to pause it, or wish to switch to a ₹51 or ₹101 SIP, follow these steps:
On the next screen, click on ‘Cancel SIP’ and then proceed by clicking ‘Proceed to Cancel SIP’
Open the Paytm app and click on the daily mutual fund SIP feature under the Wealth category.
Tap on ‘Account’ at the bottom of the app, then select ‘View and Manage SIP’.

Disclaimer: The purpose of this blog is to simplify complex processes for readers’ understanding. Please note that some information and screenshots provided may become outdated or change over time. However, we strive to keep our blogs updated and relevant to provide accurate and helpful information.