SBI Mutual Fund unveils ₹250 SIP revolution: JanNivesh makes investing effortless; check details here

In a move aimed at widening retail participation in mutual funds, SBI Mutual Fund has launched a Systematic Investment Plan (SIP) with a minimum investment of just ₹250.

Moreover, Paytm's subsidiary, Paytm Services Pvt. Ltd., has partnered with SBI Mutual Fund to launch the JanNivesh ₹250 SIP. This initiative, aligned with the government's Viksit Bharat vision, aims to promote financial inclusion. Launched by the SEBI Chairperson and the SBI Chairman, the plan allows investments starting at just ₹250, making mutual funds accessible to a wider audience and empowering citizens to invest in their future.

The new SIP option, significantly lower than the conventional ₹500 minimum investment, is designed to make mutual fund investing more accessible. The initiative is expected to encourage first-time investors and those from smaller towns to enter the equity markets through a disciplined savings approach.

Amol Joshi, Founder of Plan Rupee Investment Services, said, "Investors who are just beginning to invest and have very little capital are ideal candidates for smaller SIPs. A smaller SIP amount will make it easier for this segment to start investing without waiting to accumulate a substantial corpus. If your monthly surplus is low, that should not prevent you from accessing expert fund managers and reputed fund houses. A small SIP amount makes both these things possible."

Joshi further stated, "It can also be termed an initiative equivalent to financial inclusion in banking, where zero-balance or low-balance bank account facilities aided financial inclusion, enabling a large unbanked population to access formal banking services."

The small SIP concept aligns with the fund house’s broader vision of financial inclusion and long-term wealth creation for a diverse investor base. D.P. Singh, DMD & Joint CEO of SBI Mutual Fund, said, “We have launched the JanNivesh ₹250 SIP, a key initiative that brings us closer to our goal of promoting financial inclusion. Through our partnership with Paytm and other fintech players, we are offering millions of Indians an easy and flexible entry point to begin investing in their future. This is an important step in our shared vision for a Viksit Bharat, where every citizen has access to wealth-building opportunities.”

Where will JanNivesh SIP invest?

You can enrol in the ₹250 SIP through SBI Mutual Fund’s website, mobile app, or authorised distributors. The process remains seamless, requiring basic KYC compliance and linking to a bank account for automated deductions.

According to the SBI MF website, all investments made through JanNivesh SIP will be allocated to the SBI Balanced Advantage Fund. For more details, you can visit sbimf.com/janniveshsip.

How to set up your JanNivesh SIP on Paytm

1. Open the Paytm app and tap on the JanNivesh SIP icon in the 'Do More with Paytm' section.

2. Choose your preferred investment frequency—Daily, Weekly, or Monthly.

3. Select the investment amount, starting from Rs 250, that you wish to contribute towards your SIP.

4. Click "Proceed" and enter your PAN details when prompted.

5. Complete your SEBI-mandated KYC steps by providing the required details.

6. Review your SIP details and proceed to set up the UPI Autopay mandate for seamless payments.

7. Your SIP will be registered once the UPI Autopay mandate is successfully set up.

8. Your investments will be automatically processed according to your chosen frequency.

9. This way, you can easily invest and grow your wealth hassle-free with JanNivesh SIP on Paytm.