Minimum
Investment Rs. 250: Kotak Mutual Fund
Choti SIP - A small way to plan for your dreams..!
Kotak Mutual Fund announced
the launch of the “Choti SIP”
facility. Choti SIP will be available for all eligible schemes of Kotak
Mahindra Mutual Fund*. SEBI and AMFI recently introduced the Choti SIP (Small
Ticket SIP), offering an excellent opportunity to bring more Indians into the
wealth creation journey.
Mininum
Investment Rs. 250..!
Only about 5.4 crore unique
investors of India’s population are mutual fund investors—leaving a massive,
untapped opportunity for penetration and bringing the Indian saver closer to
financial freedom.
Systematic Investment Plans
(SIPs) have been an excellent way to bring new investors and kick-start their
mutual fund journey. With the launch of Choti SIP, a new investor can begin
their wealth creation journey with a minimum amount of Rs. 250.
This initiative enables new
investors to invest via SIP with a minimum amount of Rs. 250. The rationale
behind "Choti SIP" (small Systematic Investment Plan) is to make
mutual fund investments more accessible to a wider audience, particularly
first-time investors, by lowering the entry barrier.
The investor must not have
previously invested in mutual funds (SIP or Lumpsum) at the industry level. The
investor must invest in the Growth Option and commit to a minimum of 60
instalments on a monthly basis. The payment of instalments should be made
through NACH or UPI auto-pay only.
Investors should consult
their financial experts and tax advisors if in doubt about whether the plan is
suitable for them. Kotak Mahindra Asset Management Company Limited (KMAMC) does
not guarantee or promise any returns/futuristic returns.
Mr.
Venkatesan P
Founder, PAISACARE FINANCIAL SERVICES, Chennai
Phone number: 98404 22744
E Mail id: venkat.profit@gmail.com
Web Site: https://paisacare.in
Mr. P.Venkatesan had a 30 years’
experience in Financial Services (Life Insurance, Health Insurance, Mutual
Funds etc.)
Office Address:
Paisacare
Financial services
No 3B 2nd
Street, Sivanandha Nagar
Kolathur, Chennai
-600 099
Read articles written by Mr. Mr. P.Venkatesan in Nanayam Vikatan, a leading personal financial management magazine.
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme
related documents carefully. The past performance of the mutual funds is not
necessarily indicative of future performance of the schemes.
