Sebi aims to expand retail reach with ₹250 SIP

Small-ticket SIP is primarily intended for monthly investments, with an expected commitment of five years from the investor

- NESIL STANEY

IN A BID to expand the mutual fund investor base, promote financial inclusion, and encourage disciplined investment habits, market regulator Sebi has proposed a small-ticket systematic investment plan (SIP) of ₹250. While some fund houses have responded to Sebi's nudge, the majority are raising concerns about the plan's viability.

India's largest mutual fund manager, SBI Mutual Fund—with assets of over ₹11 lakh crore—has launched the ₹250 'JanNivesh SIP', now available on popular platforms like SBI YONO, Paytm, Groww, and Zerodha. Kotak Mahindra AMC has also introduced a 'Choti SIP', allowing new investors to start with just ₹250 per month. 'SBI Mutual Fund is taking a step forward in making Sebi's vision a reality,' the fund house said. However, dozens of other mutual fund houses are yet to follow suit.