SBI MF Unveils Affordable Rs 250 SIPs Under Jan Nivesh Scheme

SBI Mutual Fund (SBI MF) has introduced a new scheme, Jan Nivesh, allowing investors to start a Systematic Investment Plan (SIP) with just Rs 250. This initiative aims to make investing more accessible and attract small savers and new investors to the equity market. SEBI Chief Madhabi Puri Buch is enthusiastic about this move, aligning with her dream of democratizing investments in India. She highlighted the importance of including more people in formal investments and promoting financial inclusion. By lowering the SIP amount, SBI MF makes investing less intimidating for beginners and encourages first-time investors. This initiative is a positive step toward enhancing financial literacy and inclusivity in India, underscoring SBI MF’s commitment to fostering a culture of saving and investing.