The belief that you need a large sum of money to invest is now a thing of the past. You can now start a SIP with just ₹250. Yes, you heard it right! Paytm and SBI Mutual Fund have introduced this opportunity once again. To encourage new investors, they have jointly launched a scheme called JanNivesh SIP. If you’re looking to invest a small amount and grow a large fund in the future, this scheme could be the perfect option for you. But how does this scheme work, and who is it for? To find out all the details, read the report till the end.
What is SIP?
SIP (Systematic Investment Plan) is a popular investment method where you invest a fixed amount of money at regular intervals. This helps you build a large fund over time with small, manageable contributions. Unlike investing a lump sum, SIP allows regular investments, reducing the overall risk. It also benefits from compounding, helping you earn more in the long run.
What is JanNivesh SIP, and Why Is It the Best?
The JanNivesh SIP, launched by Paytm and SBI Mutual Fund, is a simple, low-cost investment option designed for the common man. It offers significant returns in the long run with minimal investment.
- You can start this SIP with just ₹250.
- Flexible options are available for daily, weekly, or monthly investments.
- The money is deducted automatically via UPI Autopay, making it hassle-free.
How to Set Up JanNivesh SIP?
- Setting up this SIP is easy and can be done directly through the Paytm app. Follow these steps:
- Open the Paytm app and go to the “Do More with Paytm” section. Click on the JanNivesh SIP option.
- Choose the type of SIP you want: daily, weekly, or monthly.
- Set the investment amount starting from ₹250 or more.
- Click on Proceed and enter your PAN card details.
- Complete the KYC process as per SEBI guidelines.
- Set up UPI Autopay to ensure automatic deductions from your bank account.
- Once UPI Autopay is activated, your SIP registration will be complete.
What Are the Benefits of JanNivesh SIP?
- Affordable Investment: You can start with as little as ₹250, eliminating the need for a large upfront amount.
- Reduced Risk: Regular investments help lower the impact of market fluctuations.
- Long-Term Gains: Compounding allows your money to grow significantly over time.
- Convenient Process: Automatic deductions via UPI Autopay make it easy to manage.
Who Should Invest in This Scheme?
The JanNivesh SIP is ideal for:
- New Investors: Those who want to start investing with minimal risk.
- Students and Young Professionals: Perfect for individuals who want to save small amounts for the future.
- Long-Term Planners: Those looking to build a significant investment fund over time.
If you’re looking to start your investment journey or save for the future, this scheme is one of the best options available. Start today to secure your financial future