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.
Recently, the country’s largest mutual fund house SBI Mutual Fund has launched a new investment plan Jannivesh SIP, which can be started with just Rs 250.
SBI has launched this scheme to make mutual funds accessible to the poor and workers of the country. It includes daily, weekly and monthly investment plans, through which even those who want to start with a small amount can start investing. Under this scheme, you can accumulate a fund of more than Rs 7 lakh by saving just Rs 250 every month.
Who can invest in SBI Janinvest SIP?
SBI Janinvest SIP is designed for all people, be they students, first-time investors, traders or small savers. Anyone can start investing in this scheme.
Where will the investment go in SBI Janinvest SIP?
All the investments made through Janinvest SIP will go in SBI Balanced Advantage Fund. This fund is a good 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 the SBI Yono app. Apart from this, you can also invest in it through digital fintech platforms like Paytm, Zerodha and Grove.
How much money can a monthly SIP of Rs 250 make in 10 years?
If a monthly SIP of Rs 250 is continued for 10 years and a return of 12 percent is obtained during this period, the investor will have a deposit of Rs 56,009. This includes a deposit of Rs 30,000 and a withdrawal of Rs 26,009.
How much money can a monthly SIP of Rs 250 make in 20 years?
If a monthly SIP of Rs 250 is continued for 20 years and gets a return of 12 percent during this period, the investor will have a deposit of Rs 2.29 lakh. 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 continued for 30 years and a return of 12 percent is earned during this period, the investor will deposit Rs 7.70 lakh. This includes a deposit of Rs 90,000 and a withdrawal of Rs 6.80 lakh.
(Disclaimer: Mutual Fund investment is subject to market risk. If you want to invest money in it, first consult a certified investment advisor. Rights Of Employees will not be responsible for any of your gains or losses.)
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