SBI Mutual Fund and State Bank of India have teamed up to introduce ‘Jan Nivesh SIP’, allowing small investors to kick off their SIP journey with just Rs 250. The aim of this initiative is to enhance financial inclusion by making investing super easy. Besides the SBI YONO app, you can also access Jan Nivesh SIP on popular digital platforms like Paytm, Zerodha, and Groww, making it accessible for folks in rural, semi-urban, and urban areas.
Highlights of ‘Jan Nivesh SIP’
Perfect for small investors: Get started with just Rs 250 and pick from Daily, Weekly, or Monthly SIP options.
Easy Digital Access: Investing and transactions are a breeze through SBI YONO and other fintech apps.
Sustainable Growth: This scheme is designed to benefit both investors and the market.
What are the big names saying?
SEBI Chairperson Madhabi Puri Buch called the scheme “a dream come true.” SBI Chairman Challa Srinivasulu Setty mentioned, “This marks a new era of financial inclusion. We’re developing innovative investment products to help more people embrace investing.”
SBI Mutual Fund MD & CEO Nand Kishore added, “This scheme is a significant move towards linking everyday people with mutual funds. Through digital platforms, we aim to engage first-time investors and small savers.”
SBI Mutual Fund’s DMD and Joint CEO D.P. Singh described this as a significant move towards a ‘developed India.’
Who can invest?
First-time investors – Individuals from rural and urban areas looking to kick off their investment journey.
Digital investors from cities – Those who like to invest using online platforms.
Unorganised sector workers – Small business owners, freelancers, and other minor savers.
Tech-savvy investors – People who prefer a straightforward and digital investment process.
SBI Mutual Fund: The Biggest Mutual Fund House in India
SBI Mutual Fund oversees assets exceeding Rs 11 lakh crore and aims to be the most reliable asset manager in India.
How to invest?
You can start a Jan Nivesh SIP through digital platforms like the SBI YONO app, Paytm, Groww, and Zerodha.
Desclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.