Aditya Birla Sunlife Mutual Fund has started ‘Chhoti Sip’. It aims to give the part of the population an opportunity to invest in the mutual fund scheme, which is far away from it. In this plan, the investor can invest in a mutual fund scheme from a minimum amount of Rs 250 every month. All the schemes except for date, sectoral and themetic, small and midcap are available in small sips.
Will have to pay at least 60 installments
Asset Management Companies (AMC) are also trying to facilitate investing in mutual fund schemes to people whose income is low. This scheme of Aditya Birla Sunlife is a big step in this direction. AMC has set certain conditions to invest from small sip. For example, investors will have to invest in the scheme for at least 60 installments. However, investors are allowed to withdraw their money before the 60th installment is completed.
No mutual funds should be invested in advance
Another condition for investing in small sips is that the investor should not have a lump or lump sum investment in any mutual funds beforehand. This means that if you are already investing in the scheme of mutual funds, then you cannot take advantage of the small sip. Only growth option is available under small sip. Investors will have to invest through Nach or UPI Auto Pay.
Those with low income will also be able to invest from SIP
Aditya Birla Sunlife AMC MD and CEO A. Balasubramanian said that Chhoti Sip has finished the entry barrier. This will promote systematic investment. This initiative will promote financial inclusion. People will be able to move towards disciplined investment. Former SEBI chairperson Madhbi Puri Buch gave a low amount to start a scheme invested in mutual funds.
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Long -term investment will be prepared
Experts say that small sips will get a chance to invest in mutual fund schemes, whose income is low. This will also promote the habit of disciplined investment among people with less income. Long -term investment in the mutual fund scheme makes a huge difference. Large funds are prepared even after investing longer from low amount.