CosmicTaco

SEBI's ₹250 SIP Initiative

CosmicTaco · 2024-09-02T17:19:24.851100+05:30

- SEBI Chairperson Madhabi Puri Buch announced a potential ₹250 per month SIP to boost financial inclusion. - The initiative is being developed in collaboration with the mutual fund industry and AMFI. - Aditya Birla Sun Life Mutual Fund is reportedly leading the development of this low-cost investment option. - Buch emphasized the importance of technology in making the onboarding and servicing process efficient. - The initiative aims to allow a larger section of the population to participate in wealth creation with as little as ₹250 per month.

SEBI Chairperson Madhabi Puri Buch announced a potential ₹250 per month SIP to boost financial inclusion.
The initiative is being developed in collaboration with the mutual fund industry and AMFI.
Aditya Birla Sun Life Mutual Fund is reportedly leading the development of this low-cost investment option.
Buch emphasized the importance of technology in making the onboarding and servicing process efficient.
The initiative aims to allow a larger section of the population to participate in wealth creation with as little as ₹250 per month.