SBI Jan Nivesh: You can invest in mutual funds from your mobile for Rs 250. Paytm and SBI Mutual Fund have jointly launched JanNivesh SIP.
With an aim to make investing easy and affordable, Paytm has launched the JanNivesh SIP initiative in collaboration with SBI Mutual Fund. Under this new scheme, anyone can start a SIP (Systematic Investment Plan) with just Rs 250. This will help the general public to build a big fund even with a small amount. Through JanNivesh SIP, small investors will also get a chance to participate in the market and they can make big savings with a small amount.
What is SIP (Systematic Investment Plan)?
SIP is a famous way of investment, which helps in giving good returns in the long term through small investments at regular intervals. In this, investors can regularly invest in mutual funds at a fixed amount according to their budget, which reduces the risk of market fluctuations.
What is JanNivesh SIP?
- JanNivesh SIP scheme has been launched to financially empower more and more Indians. There are many benefits of this initiative.
- You can start with an investment of just Rs 250.
- Investors can choose daily, weekly or monthly SIP as per their convenience.
- UPI Autopay will automatically complete the transaction without any hassle. Even if you forget, the payment will continue in SIP.
- Through compounding, one gets the opportunity to gradually create a bigger fund.
How to set up JanNivesh SIP on Paytm
- Open the Paytm app and tap on the JanNivesh SIP icon in the Do More with Paytm section.
- Choose the investment type – Daily, Weekly or Monthly.
- Choose the investment amount as per your choice. Investors can invest as low as Rs 250.
- Click on Proceed and enter your PAN details.
- Complete the SEBI mandatory KYC process.
- Review SIP information and setup UPI Autopay.
- The SIP will be registered once the UPI Autopay setup is successful.
Benefits of investing through SIP
According to SBI Mutual Fund, the investment made through SIP can increase manifold due to the effect of compounding. Compounding means that the return on investment also gives extra returns in the future. In this way, through regular SIP, investors can get good profits in the long term.