The  Sebi  Chairman  said  they are working with mutual funds to make  ₹250  SIP  viable for the  public,  which will lead  to increased investments. 

  Noting  the  rise in  investments in systematic investment  schemes, Madhabi Puri Buch, Chairman,  Securities and Exchange Board of India  (SEBI), explained  how the regulator is working with  funds  mutual  to  reduce  the minimum  cost  of  SIP.  

 SIPs in mutual funds  have seen significant  growth in the last  few  years,  systematic investments  worth  ₹500  crore became possible,  but there  was  no option to explore SIPs  worth  ₹250, which could lead to  greater participation  in the market. 

  “We  are working with them (MF industry) to see where  the  cost is,  what  Sebi  can  do to facilitate  reducing  that viability  to ₹250  per  month, because then  that number  is  equivalent  to What  Hindustan Lever did with  shampoo. You’re blowing up  the  market,”  Buch said while speaking at  the  Business  Today event.  Indian capital markets will get a  major boost  through smaller  scale SIPs  and  packaging  the market will  contribute to  the  country’s  financial inclusion  agenda,  the Sebi  chairman  said. 

  These  comments  come  soon  after the mutual fund industry reported its  highest ever  monthly  investment  through SIPs  of  over ₹17,000 crore  in  November.  Buch said, although  investors  Foreign investors sold  Indian  stocks but  the market  did not  collapse because Indian investors held  the  fort.  

 She  said:  “In  fact,  the  benefits  of our domestic flows and  retail flows  have  a  dual impact: the  impact of  their entry  and the impact  on  foreign  withdrawals  because they  cannot give allow yourself  to miss  Indian  history.”  

  SIP hits  new high in November 

 The number of systematic investment plans (SIPs) hit an all-time high in November  this year, recorded at  ₹17,000 crore.  According to AMFI data,  SIP investments in November 2023 surpassed  October’s  figure of  ₹ 16,928 crore.  

SIP bundling could  further boost these  numbers,  especially amid expectations of an aggressive entry  of  Reliance  group’s  Jio Financial Services  entity  into the MF space. 

 For more  information,  visit at https://happenrecently.com/zepto/?amp=1