Aditya Birla Sun Life Mutual Fund (ABSLMF) has launched the Chhoti SIP initiative. With (ABSLMF) Chhoti SIP investors can start investment journey with a minimal monthly investment of Rs 250.
This initiative aims to make systematic investing more accessible to a broader audience, promoting financial inclusion and disciplined wealth accumulation.
Table of Contents
Key Features of Chhoti SIP
Who can invest in Chhoti SIP
Only New investors ( who are the first time investors in mutual fund) can invest in Chhoti SIP. otherwise SIP will be considered as Normal SIP.
Minimum Investment:
Investors can start a Systematic Investment Plan (SIP) with as little as ₹250 per month.
Eligible Schemes
The Chhoti SIP is available across all ABSLMF schemes, excluding Debt, Sectoral & Thematic, Small, and Midcap Funds.
ABSLMF Chhoti SIP Funds
- ABSL Nifty 50 Index Fund
- ABSL Nifty Next 50 Index Fund,
- ABSL Nifty 50 Equal Weight Index Fund,
- ABSL Gold Fund,
- ABSL Silver ETF FOF,
- ABSL Frontline Equity Fund,
- ABSL Flexi Cap Fund,
- ABSL Balanced Advantage Fund,
- ABSL Multi Asset Allocation Fund,
- ABSL Equity Hybrid’95 Fund,
- ABSL Multi Cap Fund,
- ABSL Equity Advantage Fund,
- ABSL Dividend Yield Fund,
- ABSL Pure Value Fund,
- ABSL Focused Fund,
- ABSL Equity Savings Fund.
Commitment Tenure:
A minimum commitment of 60 monthly installments is required.
But early withdrawals are permitted. This makes ABSL small SIP flexible for investors.
Payment Methods:
Contributions can be made exclusively through NACH (National Automated Clearing House) or UPI AutoPay, streamlining the investment process
The mode of payment/investment for Rs 250 SIP shall be restricted to NACH and UPI auto pay only.
Growth Option
The Chhoti SIP is available solely under the Growth option of the selected schemes, focusing on capital appreciation over time.
Eligibility Criteria
The Chhoti SIP is specifically designed for new investors. Individuals with existing investments in any mutual funds, SIPs (other than Chhoti SIP).
You can not invest lump-sum amount through Chhoti SIP scheme.
Should you invest in Chhoti SIP
Chhoti SIP is a good investment initiative for all first time investors in mutual funds.
Mutual funds offer inflation adjusted returns of you invest for long term ( 5 year and more).
Chhoti SIP initiative offer easy investment option and low investment amount. This also help a new investor to start with a small amount and understand MF working.
There are all thumbs up for the ABSL chhoti SIP.
All new investors must start with Chhoti SIP.
Recently SBI MF also launched SBI Jan Nivesh SIP (Rs 250 SIP). You can invest in SBI MF Chhoti SIP via Paytm and SBI yono app.
Jan Nivesh SIP -How to Invest in Rs. 250 SIP
