SBI JanNivesh SIP: From Rs 250 to Rs 7 lakh corpus; Find out how you can turn your pocket money into a huge amount
SBI Mutual Fund has launched the JanNivesh SIP with State Bank of India (SBI), allowing investments to start at just Rs 250. This amount is so small that even children can invest from their pocket money.
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Investing in mutual funds has become increasingly popular, especially through Systematic Investment Plans (SIPs). SIP investments start with a minimum of Rs 100, but there's no maximum limit. SBI Mutual Fund has recently launched the JanNivesh SIP with State Bank of India (SBI). In the JanNivesh scheme, you can invest in mutual funds with as little as Rs 250. It offers daily, weekly, and monthly investment plans, making it accessible for those who want to start investing with a small amount.
What is SBI JanNivesh SIP?
SBI Mutual Fund in collaboration with State Bank of India has launched a new investment plan called "JanNivesh SIP". You can start investing with just Rs 250. This plan aims to help people who are new to investing, especially those from small towns and villages, to start saving and investing for their future. It's a step towards making investing accessible to everyone.
Who can invest in SBI JanNishesh SIP?
JanNishesh SIP is designed for anyone and everyone, students, first-time investors, traders, and small savers. Anyone can start investing with this plan.
Where will your JanNivesh SIP investments go?
All investments made through JanNivesh SIP will be directed to the SBI Balanced Advantage Fund. This fund is a great option for new investors, offering a balanced risk-reward ratio, tax benefits, and smart allocation that adjusts between equity and debt based on market conditions.
Where will JanNivesh SIP invest?
JanNivesh SIP will invest in the SBI Balanced Advantage Fund. This fund is a great choice for new investors, offering:
- Balanced risk and returns
- Tax benefits
- Smart allocation that adjusts between stocks and debt based on market conditions.
How to invest in JanNivesh scheme?
Want to start investing? You can do so through the SBI Yono App. Alternatively, you can also invest through digital fintech platforms like Paytm, Zerodha, and Groww.
Flexible SIP options in JanNivesh scheme
SBI Mutual Fund's JanNivesh Scheme offers daily, weekly, and monthly SIP options. You can choose the one that suits you best.
SBI JanNivesh SIP calculation conditions
We will calculate assuming a 12 per cent annualised return and a monthly investment of Rs 250.
How much can Rs 250 monthly SIP build in 10 years?
The investment amount will be Rs 30,000, the estimated capital gains will be Rs 26,009, and the estimated retirement corpus will be Rs 56,009.
How much can Rs 250 monthly SIP build in 20 years?
The investment amount will be Rs 60,000, the estimated capital gains will be Rs 1,69,964, and the estimated retirement corpus will be Rs 2,29,964.
How much can Rs 250 monthly SIP build in 30 years?
The investment amount will be Rs 90,000, the estimated capital gains will be Rs 6,80,243, and the estimated retirement corpus will be Rs 7,70,243.
(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
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