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LIC is bringing mutual fund, SIP will be Rs 250 per month

Eisamay | September 23, 2024 11:06 AM CST

LIC Mutual Fund may be launched in the first week of October. Managing Director and CEO of LIC Mutual Fund said this.

Highlights

Coming to LIC Mutual Fund
SIP will be Rs.250 per month
Investment opportunities are expected to increase

The value of mutual funds for investment is now everywhere. Mutual Funds are easy to invest through Systematic Investment Plan (SIP). Usually a minimum of Rs 500 per month is required for SIP. The opportunity to do SIP at a lower cost is coming. Courtesy LIC Mutual Fund. You can keep 250 rupees there every month.

LIC Mutual Fund may be launched in the first week of October. Managing Director and CEO of LIC Mutual Fund said this. Few days ago SEBI Chairperson also informed about Micro SIP.

Currently, the minimum daily deposit amount in conventional SIP is Rs.300. But you can deposit Rs 100 daily in Micro SIP. He can do more if he wants. A minimum deposit of Rs 1,000 per month is required for general SIP. In case of Micro SIP, that figure is Rs.250. You have to deposit Rs 750 in micro SIP for quarterly. A minimum of Rs 3,000 is required for general SIP.

Market experts are also applauding the initiative of Micro SIP. According to them, retail investors will be able to invest more due to this. Those who cannot invest in equity funds. For example, those who get stipend or are housewives or retired from work, can invest with their own pocket money. Due to this, the investment trend in the market is expected to increase. Although the amount of investment is small, the number of investors is expected to increase.