SBI Mutual Fund Introduces JanNivesh SIP with Rs 250 Investment Option

In a move aimed at making mutual fund investments more accessible, SBI Mutual Fund has launched the JanNivesh SIP, a new systematic investment plan that allows investors to start with just Rs 250 per transaction. The initiative, which marks a significant reduction from the traditional Rs 500 SIP requirement, was introduced in the presence of Sebi Chairperson Madhabi Puri Buch.

The JanNivesh SIP is designed to cater to small savers and first-time investors across rural, semi-urban, and urban areas. It is available on the SBI Yono app as well as fintech platforms such as Paytm, Zerodha, and Groww, ensuring wider accessibility.

Speaking at the launch, Buch emphasized the importance of this initiative in fostering financial inclusion. She highlighted that reducing the minimum investment amount to Rs 250 had been a long-standing objective and represented a meaningful step in wealth distribution as India continues its economic growth. “I think this is really what we are talking about,” she remarked.

Buch also pointed out that existing mutual fund products often have long break-even periods, making them less attractive to new investors. The aim of the JanNivesh SIP is to shorten this period to two or three years, enhancing viability for a broader audience. She further noted that advancements in technology have made it feasible to serve investors at all economic levels profitably. “This is perhaps going to be the biggest and best manifestation of that,” she added.

With this initiative, SBI Mutual Fund seeks to bring more individuals into the investment fold, encouraging disciplined savings and long-term wealth creation among new and underserved investors.