SBI MF JanNivesh SIP Update: SBI Mutual Fund, in collaboration with the State Bank of India, has launched the JanNivesh SIP. The initiative was launched in the presence of SEBI Chairperson Madhabi Puri Buch and State Bank of India Chairman Challa Srinivasulu Setty. The aim is to make mutual funds accessible to the masses. JanNivesh SIP is designed to help first-time investors and small savers from rural, semi-urban, and urban areas.
Key Benefits of JanNivesh SIP
1. Low-Cost Investment Option
JanNivesh SIP starts at just Rs 250, offering daily, weekly, and monthly investment plans.
2. Digital Accessibility
The facility will be available on the SBI YONO platform and other fintech platforms such as Paytm, Groww, and Zerodha. This ensures easy access and management of investments through familiar digital interfaces.
3. Cost-Effective and Sustainable
JanNivesh SIP is designed to be cost-effective, promote sustainable growth, and benefit all stakeholders.
SBI Chairman’s Statement
State Bank of India Chairman Challa Srinivasulu Setty said, “As we enter a new phase of financial inclusion, innovation is essential. Our focus is on developing products, processes, and technologies that make inclusion seamless and effective. Through JanNivesh SIP on our YONO app, we aim to empower more customers with innovative investment opportunities, in addition to promoting financial inclusion.”
#NewsAlert | SBI MF launches JanNivesh SIP at ₹250 in collaboration with SBI– will this make investing easier for the masses?#JanNivesh #mutualfunds #SBI@SBIMF @TheOfficialSBI pic.twitter.com/Rf6FFv8pzi
— ET NOW (@ETNOWlive) February 17, 2025
Who Can Avail the Benefits of Jan Nivesh SIP?
First-Time Investors
JanNivesh SIP is aimed at first-time investors from rural, semi-urban, and urban areas, providing them with easy entry into mutual funds.
Urban Investors
It targets urban investors who have limited access to financial advisors but are comfortable using digital platforms for their financial needs.
Unorganized Sector Workers
Self-employed individuals and small savers in the unorganized sector can benefit from the simplicity and flexibility of JanNivesh SIP, making it easier for them to invest and achieve their financial goals.
#MarketRadar | “It is wonderful to see that the entire ecosystem has come together,” says SEBI Chairperson Madhabi Puri Buch as SBI MF launches JanNivesh ₹250 SIP
Will the latest launch have transaction charges? Here’s the answer 👇@SBIMF #SIP #Jan pic.twitter.com/LIZSrZAOgX
— ET NOW (@ETNOWlive) February 17, 2025
About SBI Funds Management Limited
SBI FM is a joint venture between the State Bank of India, the country’s largest bank, and Amundi, Europe’s largest asset manager. SBIFM was the first asset management company in India’s mutual fund industry to sign the CFA Institute Asset Manager Code of Conduct and is also a signatory to the United Nations Principles for Responsible Investment (UN PRI). SBI Mutual Fund is India’s leading mutual fund house, managing assets worth around Rs 11 lakh crore.