SBI MF JanNivesh SIP: Recently SBI Mutual Fund has launched a new facility for SIP. It has been named JanNivesh SIP. Under this scheme, investment in mutual funds can be started with just Rs 250.
SBI Special Scheme: Recently, the country’s largest mutual fund house SBI Mutual Fund has launched a new investment plan JanNivesh SIP, in which one can start with just Rs 250. SBI has launched this scheme to make mutual funds accessible to the poor and working class of the country. It includes daily, weekly and monthly investment plans, so that those people can also start investing who want to start with a small amount. Under this scheme, you can raise a fund of more than Rs 7 lakh by saving just Rs 250 every month regularly.
Who can invest in SBI JanNivesh SIP?
SBI JanNivesh SIP has been designed for all people, be it a student, first-time investor, traders or small saver. Anyone can start investing in this scheme.
Where will the investments go in SBI JanNivesh SIP?
All investments made through Jannivesh SIP will go to SBI Balanced Advantage Fund. This fund is an excellent option for new investors. It offers the following benefits-
Balance risk and return
Tax benefits
Smart allocation between stocks and debt based on market conditions
How to invest in SBI Janinvest SIP?
You can invest in SBI Janinvest SIP through SBI Yono app. Apart from this, you can also invest in it through digital fintech platforms like Paytm, Zerodha and Groww.
How much fund can a monthly SIP of Rs 250 create in 10 years?
If a monthly SIP of Rs 250 is run for 10 years and a return of 12 percent is received during this period, then the investor will have Rs 56,009 deposited. This includes a deposit of Rs 30,000 and a return of Rs 26,009.
How much fund can a monthly SIP of Rs 250 create in 20 years?
If a monthly SIP of Rs 250 is run for 20 years and a return of 12 percent is received during this period, then the investor will have Rs 2.29 lakh deposited. This includes a deposit of Rs 60,000 and a return of Rs 1.69 lakh.
How much fund can a monthly SIP of Rs 250 create in 30 years?
If a monthly SIP of Rs 250 is run for 30 years and a return of 12 percent is received during this period, then the investor will have Rs 7.70 lakh deposited. This includes a deposit of Rs 90,000 and a return of Rs 6.80 lakh.
(Disclaimer: Mutual fund investment is subject to market risk. If you want to invest in it, then first consult a certified investment advisor. News18 will not be responsible for any kind of profit or loss of yours.)
