A daily SIP (Systematic Investment Plan) is an investment instruction where a fixed amount is deducted from your bank account every single day and invested in a chosen financial product — like a gold or silver mutual fund. It works via UPI AutoPay. You set it up once and it runs automatically every day without any manual action required.

Is daily SIP better than monthly SIP?

For most long-term investors, the difference in returns between daily and monthly SIP is small (0.1-0.3% per year). However, daily SIP has two practical advantages: (1) It suits daily-wage earners who get paid daily and prefer to invest as money comes in, rather than holding it until month-end. (2) It averages the investment price across more data points, which can slightly reduce the impact of price spikes.

What is the minimum daily SIP amount in India?

The minimum daily SIP amount in India varies by app. With Pyllar, the minimum is ₹21/day — one of the lowest in the country. Other apps may have higher minimums. There is no maximum limit on daily SIP amount.

How is UPI used for daily SIP?

Daily SIP apps like Pyllar use UPI AutoPay (also called e-mandate) to deduct a fixed amount from your linked bank account automatically every day. You set up the AutoPay once during registration — it takes about 2 minutes. After that, the deduction happens without any daily confirmation required from you.

What is daily SIP and how does it work?

The simplest investment habit in India. Here's everything you need to know — in plain language.

Pyllar Team · April 2026 · 5 min read

SIP stands for Systematic Investment Plan. Monthly SIP is something many people have heard of — you invest a fixed amount on a fixed date every month. Daily SIP is the same idea, but every day instead of every month.

That's it. A daily SIP is an instruction to invest a small fixed amount each day, automatically. No manual action needed after setup.

How does daily SIP actually work?

Here's the mechanism step by step:

You choose an amount. Say ₹21/day. Or ₹50/day. Or ₹100/day. Whatever you decide.
You choose a product. With Pyllar, this is a gold mutual fund or a silver mutual fund — SEBI-regulated funds that track gold and silver prices.
You set up UPI AutoPay. This is a one-time setup where you authorise your bank account to deduct the amount daily. Similar to how you set up auto-debit for electricity bills.
Every day, automatically: The fixed amount is deducted from your account → sent to the mutual fund house → units are purchased at that day's NAV (Net Asset Value) → your holdings in grams are updated in the app.
You see it in grams. Pyllar shows your gold and silver in grams, not just rupees. So you watch your gold slowly accumulate day by day.

You don't have to think about it after setup. That's the whole point. Automation removes the decision to save each day — which is the hardest part for most people.

Daily SIP vs monthly SIP — which is better?

For long-term returns, the difference between daily and monthly SIP is small — usually less than 0.3% per year. Both use rupee cost averaging, where you buy more units when prices are low and fewer when prices are high.

The real reason daily SIP matters is who it's designed for:

Daily wage earners: If you earn daily — as a driver, shopkeeper, contractor, or daily labour — saving a fixed amount daily is more natural than waiting until month end. By month end, the money has often already been spent.
People with irregular income: Self-employed people, freelancers, and small business owners often have uneven months. Daily SIP works as well in good months as in slow ones.
Small amount investors: If you want to invest ₹21/day, that's ₹630/month. A monthly SIP of ₹630 is uncommon because most platforms have higher minimums. Daily SIP unlocks micro-investing that monthly SIP typically doesn't.

What is a gold daily SIP?

A gold daily SIP invests your daily amount specifically into a gold mutual fund — a SEBI-regulated fund that tracks the price of gold. When gold goes up, the value of your holdings goes up. When gold is flat, you accumulate more units.

This is different from buying physical gold or "digital gold." Gold mutual funds:

Have 0% GST (vs 3% GST on digital gold or physical coins)
Are held by licensed AMCs (Aditya Birla Sun Life, Nippon India) — not by the app
Are regulated by SEBI and distributed through AMFI-registered distributors
Can be redeemed anytime — proceeds arrive in your bank within 2–3 working days

How small can a daily SIP be?

With Pyllar, the minimum is ₹21/day. That's one of the lowest daily SIP minimums in India. Over a year at ₹21/day, you invest ₹7,665 — approximately 1+ gram of gold at current prices.

You can also set up both a gold SIP and a silver SIP simultaneously. Pyllar is one of the only apps offering daily silver SIP alongside gold — both from ₹21/day each.

How to start a daily SIP in India

Download Pyllar from Google Play
Complete one-time KYC — Aadhaar + PAN, takes about 5 minutes
Choose your daily amount (starting from ₹21)
Set up UPI AutoPay (takes 2 minutes)
Done — your daily SIP runs automatically from the next day

Use the Gold SIP Calculator to see what your daily amount grows to over 1, 3, 5, and 10 years.

Start your daily gold SIP — ₹21/day →

Mutual fund investments are subject to market risks. Read all scheme-related documents before investing. Past performance is not indicative of future results. Pyllar Fintech Private Limited is an AMFI-registered mutual fund distributor (ARN 341847). This article is for informational purposes only and does not constitute financial advice.