How micro-investments can help you build your wealth
What's the story
Resetting financial priorities can be the key to achieving more autonomy and stability. One of the best ways to do that is by going for micro-investments. This way, you can invest small amounts of money into different assets. It can help you diversify your portfolio, bring down risks, and increase returns over time. By focusing on micro-investments, you can build wealth slowly without requiring big capital.
Initial steps
Start small for big gains
Micro-investments allow you to start with as little as ₹100. This low entry point makes investing accessible to everyone, irrespective of income level. Starting small also reduces the fear of losing out on huge sums and encourages consistent investment habits. Over time, these small investments can compound into significant gains.
Spread risk
Diversify your portfolio
Diversification is the key to reducing investment risk. By investing across various asset classes like stocks, bonds, and mutual funds, you reduce the impact of any single asset's under-performance on your entire portfolio. Micro-investing platforms usually provide a variety of options, making diversification easy and affordable.
Digital tools
Leverage technology for convenience
Thanks to technology, micro-investing has become more accessible than ever. A number of apps and online platforms provide user-friendly interfaces to simplify the investing process significantly. These innovative tools come with automatic round-ups from daily purchases and recurring deposits. This way, you can invest regularly without having to actively manage it, building a habit of regular investment with minimal effort.
Stay informed
Monitor progress regularly
Regularly monitoring your investments keeps you up to date with their performance and allows for necessary adjustments. Most micro-investment platforms provide dashboards that give insights into how well your portfolio is performing in real-time. Staying updated ensures that you're making informed decisions that are in line with your financial goals.