Choti SIP will enable investors to participate in a Systematic Investment Plan (SIP) with a minimum investment of Rs. 250. The plan requires a commitment of at least 60 instalments, though early withdrawals would be permitted. However, investors with existing investments in other Mutual Funds, SIPs (other than Choti SIP) or lumpsum investments would be ineligible for this option. Choti SIP will be available exclusively under the Growth option of the schemes, and payments can only be made through NACH or UPI auto pay.
Commenting on the introduction, A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd, said, “our endeavour is to make systematic investing more accessible, and the introduction of Choti SIP is set to revolutionise the way investors participate in mutual funds by enabling them to start their investment journey with as little as Rs 250 on a monthly basis. By lowering the entry barrier and promoting systematic investing, Choti SIP aligns with the broader goal of financial inclusion, helping individuals take their first step towards disciplined wealth accumulation.”