Key Points
Investors can now begin a SIP with just Rs 100 and in multiples of Re 1 thereafter for select schemes of LIC Mutual Fund (LIC MF).. ...
LIC Mutual Fund Asset Management Company (AMC) has made it easier for small investors to start investing by reducing the minimum Daily Systematic Investment Plan (SIP) amount to Rs 100..
In a move that aligns with making mutual fund investments more accessible, LIC MF has also lowered the minimum monthly SIP limit to Rs 200 and the quarterly minimum SIP limit to Rs 1,000 for select schemes..
By making it possible to start with just Rs 100, LIC Mutual Fund hopes to drive greater participation in financial markets from retail investors across the country...
The launch of small-ticket SIPs will enable more retail investors from smaller cities and towns to participate in mutual funds, thereby driving financial inclusion across India," said RK Jha, Managing Director and Chief Executive Officer of LIC Mutual Fund...
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