Want to invest just Rs 100 a day? Transform your future with this plan – Best option for youth!

A Systematic Investment Plan or SIP is a plan that helps you invest a small portion of your savings accurately and get a good amount of money in your bank account. It is also a mutual fund investment. Now SIP has introduced new schemes in such a way that everyone can be a part of the investment scheme.

New changes have been made in the scheme with the aim of making common people more involved in mutual fund investments. LIC Mutual Fund Asset Management Company has introduced a plan to deposit Rs 100 per day in SIP. A daily minimum of Rs 100 or multiples of Rs can be invested in selected schemes of LIC Mutual Fund.

Some schemes also have a minimum monthly payment limit of Rs 200 or a minimum quarterly payment limit of Rs 1000. This discount is applicable for all plans except LIC MF ELSS Tax Saver and LIC MF Unit Linked Insurance Plan from 16th of this month. R K Jha, Managing Director and Chief Executive Officer, LIC Mutual Fund, said, "We are happy to introduce the Rs 100 daily SIP to attract young and working people.