SBI JanNivesh Mutual Fund: 90% of SBI mutual funds have a minimum requirement of Rs. 500 or Rs. 5,000. Yet, people still invest in mutual funds in the hope of gaining some profits in the future. But what about those who hardly manage to save anything?
To provide an opportunity for everyone to leverage the benefits of mutual funds, SBI launched the JanNivesh scheme. For just Rs. 250, you can unlock the door to your investment future. After launching the Jan Nivesh mutual fund, the internet was flooded with questions like, ‘How to invest in JanNivesh SIP SBI mutual fund?”
To help you, we have explained everything, from the best platform to the step-by-step process to invest in Jan Nivesh mutual funds.
What is SBI JanNivesh Mutual Fund?
Investing in SBI mutual funds still be a challenging quest for many. To make it simple and affordable, SBI recently launched the JanNivesh mutual fund. It’s not a regular type of mutual fund, it’s an affordable investing JanNivesh scheme that offers investment opportunities with just an SIP of Rs. 250 weekly or monthly.
Platforms Where You Can Invest in Jan Nivesh SIP SBI
Let’s explore the diverse range of platforms that bring Jan Nivesh SBI MF within your grasp:
- Paytm
- SBI YONO
- Zerodha
- Groww
Below, we have also explained the step-by-step process to start your investment journey with SBI JanNivesh mutual fund. You should read that too!
How to Invest in Jan Nivesh SIP SBI?
To make it easier for everyone to start investing in SBI JanNivesh Mutual Fund, SBI has launched a separate web portal, where one can easily begin their investment in these mutual funds. Follow these guiding steps for your successful JanNivesh mutual fund investment:
Invest via SBI YONO
Let’s say you are a user of the SBI YONO platform. You’ll find a mutual fund option where you can easily locate the ‘JanNivesh’ mutual fund option to invest.
Invest via Paytm
To invest in JanNivesh mutual funds, you first need to set up your Paytm account. After that, you can follow the steps below to easily invest in JanNivesh SIP on Paytm:
FIRST step: Open your Paytm account, locate the JanNivesh mutual fund icon, and click on it.
SECOND step: Now, choose your investment frequency, like how often you want to invest. Daily, weekly, or monthly?
THIRD step: Now decide your investment amount like how much amount of SIP you afford to invest frequently. The minimum amount to invest in JanNiesh SIP is Rs. 250. So, if you can’t afford or don’t want to take the risk of investing more, you can still start your investment journey with just Rs. 250.
FOURTH step: Once you choose your investment amount, click on the “Proceed” tab and enter all the crucial details, such as your PAN card details, etc.
FIFTH step: Now complete your KYC in alignment with SEBI mandate rules by submitting all the mentioned details.
SIXTH step: Before starting your investing journey, it’s time to review all the details. Then, move forward by clicking on the “Proceed” tab to set up your UPI autopay for effortless payment transactions.
SEVENTH step: Once you set up JanNivesh SIP UPI autopay, it indicates that your SIP is now registered and part of JanNivesh’s investment.
Wrapping Up
In a nutshell, SBI’s initiative about ‘SBI JanNivesh mutual fund’ offers a blend of affordable yet secure investment options that one can consider for future investments.
Nowadays, people often waste Rs. 250 on unnecessary things that even won’t be helpful for their future goals. However, SBI’s Jan Nivesh Scheme offers a lucrative opportunity to start your investment routine with just a SIP of Rs. 250.
The best thing about the Jan Nivesh mutual fund is its flexible amount options. For example. If you can’t afford it on a weekly or daily basis, you can select the monthly SIP option. We’ve covered the essentials of Jan Nivesh SIP SBI here. For in-depth information, please visit SBI’s website.
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