In a significant collaboration, Paytm partnered with SBI Mutual Fund, India’s largest asset management firm, to introduce the JanNivesh ₹250 Systematic Investment Plan (SIP). This initiative facilitates investments in mutual funds starting from just ₹250, aiming to enhance financial inclusion and accessibility in the mutual funds market.
The launch of JanNivesh ₹250 SIP aligns with India’s push for financial literacy. “Our goal is to increase mutual fund investors from 100 million to 300-400 million,” stated Vijay Shekhar Sharma, Paytm’s CEO. This initiative aims to empower more Indians to invest and contribute to the country’s growth.
To begin investing in JanNivesh ₹250 SIP through the Paytm app, users need to select ‘JanNivesh’ in the ‘Do More with Paytm’ section. Next, they must choose their investment frequency (daily, weekly, or monthly) and enter a minimum amount of ₹250. Completing PAN details and submitting required documents for SEBI-mandated KYC is necessary. Finally, users can confirm their SIP details, set up UPI Autopay, and enable automatic payments.
Sources News From Various Digital Platforms, Websites, Journalists, And Agencies.
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