CoinDCX expands SIP offering with daily investments and XIRR tracking from Rs 100
CoinDCX has introduced Daily SIP, enabling investors to start crypto investments for as little as Rs 100. This innovative feature promotes a steady approach to accumulating assets over time. With the introduction of the XIRR metric, users can now monitor their annualized returns easily. This enhancement is designed to make long-term crypto investing accessible, offering users increased…
CoinDCX, a prominent Indian cryptocurrency exchange, has expanded its Systematic Investment Plan (SIP) offering to include daily investments starting at just Rs 100. This update aims to provide investors with a more consistent and shorter investment cadence, while maintaining simplicity and ease of use. In addition to daily investments, CoinDCX has introduced XIRR (Extended Internal Rate of Return) tracking, an industry-standard metric that helps users monitor their annualized returns from recurring investments over time.
Minal Thukral, Executive VP - Growth & Crypto Business Head at CoinDCX, stated that SIP has been a popular product on the platform, and community members have repeatedly requested the ability to invest daily and monthly. With SIP 2.0, CoinDCX is now offering a more flexible investment experience that caters to individual financial routines. Users can now invest daily, weekly, or monthly, making it easier for them to build disciplined investment habits.
The new feature aims to reduce the friction associated with long-term crypto investing by allowing investors to overcome market volatility and the pressure of finding the perfect entry point. By offering daily investments and XIRR-based performance tracking, CoinDCX hopes to make long-term crypto investing more accessible and rooted in consistency rather than market timing.
To access this service, users must be at least 18 years old. It is essential to note that crypto products and NFTs are unregulated and can be highly risky, with no regulatory recourse for any losses incurred from such transactions. The provided information is non-editorial, and TIL (This Is Legendary) disclaims any warranties, expressed or implied, relating to the content.
TIL does not guarantee, vouch for, or necessarily endorse the information provided and is not responsible for the content in any manner. The article does not constitute investment advice, and readers should take all necessary steps to verify the information's accuracy, currency, and verification before making any investment decisions.
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