The SBI Mutual Fund has launched Jan Nivesh SIP in partnership with SBI Bank. SBI Jan Nivesh SIP offer micro Systematic Investment plan starting from Rs 250. It is a low-ticket investment that can play a crucial role in creating wealth for millions of Indian households.
SEBI chairperson Madhavi Puri Bhuj & SBI Chairman Challa Sreenivasulu Setty, has unveiled the launch of JanNivesh Rs 250 SIP scheme.
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What is Jan Nivesh SIP?
The Jan Nivesh Scheme is a simple, affordable, low-ticket ( Rs. 250 ) SIP ( Systematic investment scheme). Here, investors can start investing Rs 250 on a daily, weekly or monthly basis.
However, the minimum amount of Rs 250 can be increased by Rs 50/100/200/500 or Rs 1000, if you want to invest a higher amount.
Currently, the SBI Jan Nivesh scheme is available only for SBI Balanced Advantage Fund. You can invest in SBI Jan Nivesh SIP via SBI Yono and Paytm.
How to invest in Jan Nivesh SIP
You can invest in Jan Nivesh SIP by SBI Yono app and Paytm. It is designed to enable small savers and first-time investors from rural, semi-urban or urban regions to invest.
With Jan Nivesh scheme, investors can contribute on daily/ monthly or weekly basis. The minimum investment amount is 250 rupees.
The minimum investment amount of Rupees 250 will encourage more people to begin investing via SIP.
What is the step-by-step procedure to invest in SBI Jan Nivesh SIP?
How to set up Jan Nivesh SIP on Paytm app
- Open Paytm app
- Go to do more with Paytm
- Tap on Jan Nivesh SIP icon
- Choose preferred investment frequency daily/ weekly or monthly
- Choose an investment amount starting from Rs 250
- To invest a higher amount, tap below +50/100/ 200/500/1000
- Click on proceed ( start investing Rs 250 )
- Enter your pan details when prompted
- Complete your KYC by providing the required details
- Review your SIP details and proceed
- Set UPI auto pay mandate
- Your SIP is registered
Where money is invested in Jan Nivesh scheme
Currently one can invest in SBI Balanced Advantage fund for JanNivesh SIP.
This fund dynamically manages equity and debt exposure to optimise returns. Since the fund is managed dynamically, it offers minimising risk, compared to investing in pure equity or debt funds.
This dynamic money management make it suitable for both new and seasoned investors.
SBI Jan Nivesh SIP full details video with calculator
Why should I invest in SBI Mutual Fund?
SBI Mutual Fund is one of the most trusted Asset Management companies, known for its expertise in managing Mutual Funds with a strong track record of performance.
What is the minimum investment amount in SBI Jan Nivesh SIP?
The minimum investment amount is Rs 250 only. You can opt for a daily/ weekly/ monthly payment option.
Rs. 250 Jan Nivesh SIP Calculator
SBI balanced advantage fund returns in the past years one year return 8.3%, 3 year return is 12.2% in comparison the category average returns for the same period are 1 year return 8.08%, 3 year return is 10.95%.
Let’s assume you invest Rs 250 for 5/10/15/20/25/30 years. Assuming a simple return of 12% per annum, here is what you can get from SBI Jan Nivesh SIP.
| Return Assumed | Invested Amount | Maturity Amount | Profit | |
| an Nivesh SIP Returns on Rs 250 investment in 5 years | 12% | Rs 15,000 | Rs.20,297 | Rs, 5,297 |
| Jan Nivesh SIP Returns on Rs 250 investment in 10 years | 12% | Rs 30,000 | Rs.56,068 | Rs. 26,068 |
| Jan Nivesh SIP Returns on Rs 250 investment in 15 years | 12% | Rs. 45,000 | Rs. 1,19,108 | Rs.74,108 |
| Jan Nivesh SIP Returns on Rs 250 investment in 20 years | 12% | Rs. 60,000 | Rs. 2,30,207 | Rs.1,70,207 |
| Jan Nivesh SIP Returns on Rs 250 investment in 25 years | 12% | Rs. 75,000 | Rs. 4,26,000 | Rs.3,51,000 |
| Jan Nivesh SIP Returns on Rs 250 investment in 30 years | 12% | Rs. 90,000 | Rs. 7,71,057 | Rs.6,81,057 |
Does Jan Nivesh Scheme have a lock in time?
No, SBI Rs 250 SIP scheme does not have a lock-in period. That means you can withdraw money any time.
However, if you withdraw ( redeem ) before 1 year, than exit load of 1 % will be applicable.
Please note that one year is calculated for every installment separately. To understand how SIPs are taxed, please consider reading SIP Taxation-How SIPs Are Taxed
