SBI Launches New Mutual Fund: SIP Starting at ₹250
State Bank of India (SBI) has introduced a new mutual fund scheme aimed at making investments more accessible to a wider audience. Named "Jan Nivesh", this Systematic Investment Plan (SIP) allows investors to start with a minimum investment of just ₹250. The scheme is specifically designed to benefit low-income and middle-class individuals.
SBI has clarified that no transaction fees will be levied under this scheme. Previously, mutual fund investments required a minimum initial investment of ₹500. By lowering this threshold, SBI aims to extend investment opportunities to small-scale traders, daily wage earners, and other economically weaker sections.
Investors who consistently contribute to this SIP can build financial security over time. For instance, investing ₹250 per month for 25 years would result in a total contribution of ₹75,000. However, due to compounded returns, the final payout would amount to approximately ₹4,74,409, with nearly ₹4 lakh earned as interest.
