Again India’s largest government bank State Bank of India gives a big surprise to everyone. People generally aim to save up for retirement to avoid financial struggles later in life. Even setting aside a small amount each month can make a big difference. The State Bank of India (SBI) has launched a new SIP scheme that allows you to start investing with just Rs 250. This initiative is particularly aimed at encouraging first-time investors and those with lower incomes to get involved in investing.
The key to successful investing is consistency. It doesn’t matter if you’re putting in a little or a lot; what matters is that you keep at it. Over time, your investments can grow significantly, potentially leading to great returns down the line.
You might be curious about how investing just Rs 250 monthly can lead to a substantial amount. Think of it like filling a pot—every drop counts, and your portfolio will grow as you keep investing.
So, where does the SBI Jan Nivesh put your money? It invests in the SBI Balanced Advantage Fund, which is a hybrid fund that balances between equity and debt to help manage risk while aiming for solid returns. You can kick off your investment in this fund with just Rs 250 each month.
Unlike funds that focus solely on equity or debt, Balanced Advantage Funds offer more stability during market fluctuations. Looking at the SBI Balanced Advantage Fund’s performance, it has delivered an 8.3% return over the past year and a 12.2% return over the last three years.
You can build a portfolio worth lakhs with just a monthly SIP of Rs 250
If you invest Rs 250 every month in the SBI Balanced Advantage Fund through Jan Nivesh, after 40 years, assuming a 12% annual return, your investment could grow to about Rs 29,70,605. So, with a total investment of Rs 1,20,000, you could see a return of around Rs 28,50,605 in 40 years.
Keep in mind that this calculation doesn’t factor in inflation or rising prices of everyday goods. As an investor, it’s important to consider these factors when planning your investments, as they can affect the real value of your returns down the line.
How to invest in SBI Jan Nivesh SIP?
You can start this mutual fund through the SBI YONO app or other fintech platforms like Paytm, Groww, and Zerodha.
How to set up a Jan Nivesh SIP on Paytm?
To invest in Jan Nivesh via Paytm, just follow these steps:
Step 1: Open your Paytm App.
Step 2: Click on the JanNivesh SIP@250 tab.
Step 3: Choose your preferred investment frequency (daily, weekly, or monthly).
Step 4: Enter your PAN number, complete the KYC process, and set up your SIP.
Step 5: Once verified, the SIP amount will be automatically deducted from your selected bank account each month.
Desclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.
