SBI Mutual Fund JanNivesh SIP: How to set up your JanNivesh SIP on Paytm
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JanNivesh SIP initiative
In a move to make investing more accessible and affordable, Paytm, in collaboration with SBI Mutual Fund, has introduced the JanNivesh SIP initiative. This new investment option allows individuals to start Systematic Investment Plans (SIP) with as little as Rs 250, making wealth-building easier for all sections of society.
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What is a Systematic Investment Plans (SIP)
The SIP route is the preferred way of investing in stocks and mutual funds because it allows you to participate in the market while managing risk better.
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What is the JanNivesh SIP Initiative?
The JanNivesh SIP is designed to encourage more Indians to participate in the country's financial and economic growth by investing small amounts regularly. It offers:
Low Entry Point – Start investing with just Rs 250 per installment.
Flexible Investment Options – Choose from daily, weekly, or monthly SIPs, making it easier to fit investments into different financial plans.
Automated Investment – Once set up, the SIP runs seamlessly through UPI Autopay, ensuring hassle-free transactions.
Wealth creation opportunity – Helps individuals grow their money over time by leveraging the power of compounding through mutual fund investments.
Low Entry Point – Start investing with just Rs 250 per installment.
Flexible Investment Options – Choose from daily, weekly, or monthly SIPs, making it easier to fit investments into different financial plans.
Automated Investment – Once set up, the SIP runs seamlessly through UPI Autopay, ensuring hassle-free transactions.
Wealth creation opportunity – Helps individuals grow their money over time by leveraging the power of compounding through mutual fund investments.
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How to set up your JanNivesh SIP on Paytm
Step 1. Open the Paytm App and tap on the JanNivesh SIP icon in the 'Do More with Paytm' section.
Step 2. Choose your preferred investment frequency—Daily, Weekly, or Monthly.
Step 3. Select the investment amount, starting from ?250, that you wish to contribute towards your SIP.
Step 4: Click on "Proceed" and enter your PAN details when prompted.
Step 5. Complete your SEBI-mandated KYC steps by providing the required details.
Step 6. Review your SIP details and proceed to set up UPI Autopay mandate for seamless payments.
Step 7. Once the UPI Autopay mandate is successfully set up, your SIP will be registered.
Step 2. Choose your preferred investment frequency—Daily, Weekly, or Monthly.
Step 3. Select the investment amount, starting from ?250, that you wish to contribute towards your SIP.
Step 4: Click on "Proceed" and enter your PAN details when prompted.
Step 5. Complete your SEBI-mandated KYC steps by providing the required details.
Step 6. Review your SIP details and proceed to set up UPI Autopay mandate for seamless payments.
Step 7. Once the UPI Autopay mandate is successfully set up, your SIP will be registered.
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Benefits of SIP
According to the SBI Mutual FUnd website, "When you invest regularly through SIP and invest for the long term, the benefits are magnified by the compounding effect. Compounding effect ensures that you earn returns not only on your principal amount (actual investment) but also on the gains on the principal amount i.e. your money grows over time as the money you invest earns returns. And the returns also earn returns."