Sebi proposes launch of Rs 250 Sachet SIPs by mutual funds
systematic investment plan (SIP) of ₹ 250, calling it a sachetised mutual fund product.
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«To promote financial inclusion, inculcate the habit of systematic saving and facilitate investment of small savings by investors new to the mutual fund space,» Sebi said in a discussion paper on Wednesday.
An investor would be allowed to make only three small ticket SIPs at discounted costs, one each in up to three asset management companies(AMCs).
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Each investor would have to commit for five years under the small ticket SIP scheme.
However, if the investor desires to stop SIP or withdraw the SIP investment prematurely, there would be no restriction on it, Sebi said. Such investments can only be made through the national automated clearing house and unified payment interface.
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