A micro-SIP of Rs 100 can be the beginning of your investment journey. No amount is small to take the first step. You might be wondering about what kind of return a mere Rs 100 SIP in a mutual fund will give? But you reap what you sow, right?
According to Pankaj Mathpal, founder of Optima Money Managers, “A journey of thousand miles begins with a single step”. It is true that by investing only Rs 100 per month you cannot create wealth but it is a good way to learn the importance of mutual funds.
How to start?
You can invest in the fund by going to a particular company’s website or via fintech apps that offer micro-SIPs. The other is through the MF utility website. One-time KYC is necessary to invest in mutual funds, for which you will have to provide PAN card, address proof and photograph. PAN is not mandatory for micro-SIP.
Watch the video to learn more about micro-SIPs
