PhonePe Wealth launches feature to let users invest in MFs starting at just Rs 10 a day

11 Dec 2025, 05:48 PM

The new option seeks to tap into India’s rapidly expanding SIP ecosystem.

Team Head&Tale

PhonePe Wealth Broking, a subsidiary of fintech major PhonePe, has introduced a new Daily SIP feature on the PhonePe app, allowing users to start investing in mutual funds (MFs) with a minimum contribution of Rs 10 per day. 

The move aims to make investing more accessible by turning small daily savings into long-term wealth.

With Daily SIPs, PhonePe users can automate small, regular investments via UPI Autopay, choose from equity, gold, and multi-asset funds, and adjust their daily contribution anytime. The feature also offers flexibility, allowing users to pause SIPs whenever required.

Nilesh D Naik, head of investment products at Share.Market (PhonePe Wealth), said that Daily SIPs encourage consistent investing and help users benefit from rupee-cost averaging, even with small amounts. He added that the initiative is designed to make investing simpler and help more Indians participate in long-term wealth creation.

The new option seeks to tap into India’s rapidly expanding SIP ecosystem. 

As per According to Association of Mutual Funds of India (AMFI), SIP inflows crossed Rs 29,000 crore in October 2025, with over 9.45 crore active SIP accounts, reflecting the growing preference for disciplined investing.

Earlier in September, PhonePe, backed by Walmart, confidentially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The fintech company is targeting to raise about Rs 12,000 crore through the IPO.

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