Saving a small amount like Rs 100 per day may look like a futile effort toward wealth accumulation initially. However, by investing a pocket-friendly amount daily via SIPs, you can even build a sizeable corpus over a long-term horizon.
Let us see how a daily SIP of Rs 100 could grow in 10 years at an estimated return of 12% per annum:
Total Investment: Rs 3,65,000
Expected Return: 12% per annum
Tenure: 10 years
Total Returns: Rs 3,40,735.03
Total Corpus: Rs 7,05,735.03
The above calculation shows that investing even Rs 100 per day can nearly double your invested money over 10 years.
A daily SIP of Rs 100 may not make you rich overnight, but it could be helpful in inculcating financial discipline. It may seem like a small amount, but investing Rs 100 daily could take you a long way. However, it is advisable to choose a suitable SIP scheme as per your financial needs, risk appetite and investment horizon.
