To make investing easier in India, SBI Mutual Fund has launched JanNivesh SIP in collaboration with SBI (State Bank of India). It aims to connect small investors, first-time investors, and people living in villages and cities with mutual funds. This initiative was launched in the presence of SEBI Chairperson Madhabi Puri Buch and State Bank of India Chairman Challa Srinivasulu Shetty. It aims to make mutual funds accessible to as many people as possible.
JanNivesh SIP is specially designed for those who want to start investing with less money. Investment in this scheme can be started from just ₹ 250. People can do SIP at their convenience on a daily, weekly, or monthly basis.
Easy investment from the digital platform
SBI Mutual Fund has made this scheme completely digital, which has made investing even easier. Along with the SBI YONO app, this facility will also be available on fintech platforms like Paytm, Groww, and Zerodha.
Beneficial investment in the long-term
JanNivesh SIP is an affordable and sustainable investment plan, which will prove beneficial for investors in the long run. It will also allow small investors and people with low incomes to deposit money and meet their financial goals.
How to invest?
First of all login to the SBI YONO app or digital platforms like Paytm, Groww, and Zerodha. Go there and choose the JanNivesh SIP option and start investing an amount of ₹ 250 or more at your convenience. Choose a daily, weekly or monthly investment option there and track your SIP.
Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
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