SBI MF JanNivesh SIP: Start Your Investment Journey with Just Rs.250
SBI Mutual Fund in collaboration with the State Bank of India has introduced JanNivesh SIP, which primarily aims to encourage beginner or first-time investors from rural, semi-urban, and urban areas to make an investment in mutual funds.
This SIP scheme was launched by Madhabi Puri Buch, Chairperson of SEBI, along with Challa Sreenivasulu Setty, Chairman of SBI.
Features of JanNivesh SIP
1) Affordable Cost of Investment
Investors can start their investment journey at just Rs.250, with daily, weekly and monthly contributions. This low-cost investment fund will make it easy for investors looking to generate wealth over time.
2) Easy Accessibility
The investors can easily gain access to JanNivesh SIP as it is available on the SBI YONO platform and other well known digital platforms such as Groww, Paytm and Zerodha.
3) Promote Financial Literacy
This SIP scheme will help investors to get familiar with SIPs, which will promote financial literacy and financial inclusion. This will allow more individuals to get access to financial products.
The Chairman of State Bank of India, Challa Sreenivasulu Setty, has highlighted that, “as we move into a new era of financial inclusion, its crucial to focus on innovation and inclusivity.”
He further states that the aim is to develop new products, processes, and technologies to make it easy for everyone to access the financial services. Through the introduction of JanNivesh SIP feature on the YONO app, SBI seeks to provide customers with investment opportunities while enhancing financial inclusion.
Nand Kishore, MD and CEO of SBI Mutual Fund, has also emphasised that JanNivesh SIP is a vital step towards wealth creation and financial inclusion in India. By reducing entry barriers, the objective is to target the first-time investors, small savers, and those working in the unorganised sector, with SIP starting at just Rs 250. This SIP scheme aligns with the goals of the government, State Bank of India, and SBI Mutual Fund towards financial inclusion and encouraging small savers to make an invest.
Which Investors will Benefit from SBI’s JanNivesh SIP?
1. Beginner Investor: JanNivesh SIP will benefit the investors who are beginner or first-time investors from rural, semi-urban and urban regions and is going to start their investment journey.
2. Workers from Unorganised Sector: Unorganised sector’s small savers will find this scheme very beneficial. With this scheme they can achieve their financial goals easily by investing in JanNivesh SIP due to its adaptability.
3. Investors of Urban Areas: Individuals/investors who are basically from urban areas or cities and those who are familiar with digital platforms or are tech-savvy and interested to do an investment but do not have access to financial advisors will get the benefit from
3. Tech-Savvy Individuals: This SBI SIP scheme is suitable for IT-proficient individuals who are seeking flexible investment alternatives for the creation of wealth.
JanNivesh SIP aims to help the small saver individuals to grow their money and motivate them to achieve their financial goals and create wealth by investing for long term with the investment starting at just Rs.250. This move will play a crucial role in better financial planning supporting the Viksit Bharat journey.
