Cheaper than coffee! Radhika Gupta says Edelweiss Mutual Fund accepting Rs 100 SIPs
SIP even with Rs 100 and this is cheaper than a cup of coffee, said Edelweiss Mutual Fund CEO, Radhika Gupta. According to Gupta, an investor should take advantage of this and start a SIP.
Gupta also informed the investors that Edelweiss Mutual Fund has been accepting Rs 100 SIPs in all its funds for the last six months and one should make use of it.
She posted on social media platform X, “A SIP that is cheaper than a cup of coffee. Since this has been spoken about, sharing this. We have been accepting 100 rupee SIPs in all our funds for the last 6 months+. Do take advantage of it!”
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Several social media users appreciated Gupta for this move as because of this more people will start investing in small amounts and this could inspire others to follow suit whereas a user also wrote that one fund house offers SIP of Rs 10 also without mentioning the name of the fund house.
The CEO in another post on social media recommended investors to use equity index funds of Edelweiss Mutual Fund as the fund house wants to make simple dal chawal solutions available to the investors with a low starting ticket size and minimal costs.
“Thanks for noticing! Want to make simple dal chawal solutions available to consumers with low starting ticket sizes and minimal costs. Everyone — Please use our equity index funds! Some good basic ones and some innovative factor based ones as well,” she posted on social media platform X.
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