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JanNivesh SIP is designed to enable first-time investors and small savers from rural, semi-urban, and urban regions to invest, thereby promoting financial inclusion.
SBI, SBI Mutual Fund Launch Rs 250 SIP.
SBI Mutual Fund, in collaboration with State Bank of India, on Monday launched “JanNivesh SIP” starting at just Rs 250. This initiative aims to make mutual funds accessible to a broader audience. JanNivesh SIP is designed to enable first-time investors and small savers from rural, semi-urban, and urban regions to invest, thereby promoting financial inclusion.
Last month, SEBI pitched for small ticket SIP with a minimum amount of Rs 250 per month, aiming to widen mutual fund reach. SEBI calling as sachetisation of mutual funds said it would partially subsidise the costs incurred by all the intermediaries for these small-ticket SIPs.
Benefits of JanNivesh SIP
1. Low-Cost Investment Option: JanNivesh SIP offers flexible SIP options starting at just Rs. 250, with daily, weekly, and monthly investment plans. This low entry threshold makes it easier for individuals to start their investment journey.
2. Digital Accessibility: The facility will be available on the SBI YONO platform and other fintech platforms like Paytm, Groww and Zerodha. This will ensure that investors can easily access and manage their investments through familiar digital interfaces.
3. Cost-Effective and Sustainable: JanNivesh SIP is designed to be cost-effective, ensuring sustainable growth and benefiting all stakeholders.
Who Are Going To Benefit From JanNivesh?
• First-Time Investors: JanNivesh SIP aims to attract first-time investors from rural, semi-urban, and urban regions, providing them with an accessible entry point into the world of mutual funds.
• Urban Investors: Targets urban investors who may have limited access to financial advisors but are comfortable using digital platforms for their financial needs.
• Unorganized Sector Workers: Self-employed individuals and small savers in the unorganized sector can greatly benefit from the simplicity and flexibility of JanNivesh SIP. This initiative makes it easier for them to invest and create wealth to achieve their financial goals.
• Digitally Proficient Investors: Tech-savvy individuals looking for straightforward and adaptable investment options will find JanNivesh SIP to be an ideal solution for their wealth creation goals.
SBIFM is a joint venture between State Bank of India, the largest bank in India, and Amundi, Europe’s largest asset manager and one of the world’s leading asset management companies. SBIFM offers a diverse range of services, including Discretionary, Non-Discretionary, and Advisory Portfolio Management Services, Mutual Funds, and Alternative Investment Fund offerings, catering to a broad base of investors, including Retail, High-Net-Worth, Corporate, and Institutional Investors
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