If you are thinking of investing in a systematic investment plan (SIP), then this news is very important for you. Kotak Mahindra Asset Management Company Limited (KMAMC) has announced to launch a new initiative ‘Chhoti SIP’.

Now new investors can start SIP from only ₹ 250 per month. This Kotak will be available in all eligible schemes of Mahindra Mutual Fund and will give big savings opportunities for small investors.

This step has become even more important under the recently launched ‘Small Ticket SIP’ initiative by SEBI and AMFI.

What did MD Nilesh Shah of Kotak Mahindra AMC say?

Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company Limited, told that,

“Out of India’s 140 million population, only 5.4 crore people are investing in mutual funds. It is clear that there is a great potential to adopt mutual funds in the country. Small SIPs can increase the figure rapidly.”

Features of Small SIP:

Minimum investment amount: ₹ 250 per month
Eligibility: Investors starting SIP only for the first time
Investment Mode: only growth option
Commitment: Minimum 60 monthly installments
Payment option: only Nach or UPI Auto-Pay

This can be a great opportunity for those starting investing with a small amount.

SIP of ₹ 250 started earlier too!

Earlier in February 2024, SBI Mutual Fund launched SIP scheme with ₹ 250 monthly investment.

• This facility of SBI was available on digital platforms like SBI YONO app, Paytm, Zerodha and Grow.

• Its objective was to connect small safety from villages, towns and urban areas to mutual funds.

Now this initiative of Kotak Mahindra will provide even more easy way to investors.

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Why is ‘small SIP’ special?

Start with low investment: Now you can invest in mutual funds without a large amount.
Great opportunity for new investors: It is ideal for those who are investing for the first time.
Growth Option: An opportunity to get better returns in long term.
UPI and Auto-Pay facilities: Without any problem, you can continue investing easily every month.