New Delhi, Nov. 14 -- Investing Rs.100 every day or putting Rs.3,000 into a mutual fund at the beginning of every month may appear to be the same thing. After all, Rs.100 a day adds up to Rs.3,000 over 30 days. But does the frequency of your investments make a difference to your final wealth over the long term?

For investors deciding between a daily and a monthly systematic investment plan (SIP), the difference may lie in the amount invested over a year and how long each instalment remains invested.

Let's look at how both investment options could grow over 5, 10 and 15 years, assuming an equity mutual fund delivers an annualised return of 12%.

An investor putting Rs.100 into an equity mutual fund every day would invest Rs.36,500 annual...