Paytm lets you invest in SBI MF with just ₹250
What's the story
In a major move, Paytm, one of the leading payments and financial services companies, has partnered with SBI Mutual Fund, India's largest asset management firm.
Together, they have launched the JanNivesh ₹250 Systematic Investment Plan (SIP), enabling people to invest as low as ₹250 in mutual funds.
The move comes as a step toward financial inclusion, making mutual funds more accessible.
Government alignment
JanNivesh ₹250 SIP aligns with government's financial inclusion goals
The launch of JanNivesh ₹250 SIP also falls in line with the Indian government's larger effort to make its citizens financially aware and participative.
"The mutual funds market currently has over 100 million investors, and we are expanding this to 300-400 million mutual fund investors," Paytm's Founder and CEO Vijay Shekhar Sharma said.
He added that this would let millions of Indians invest and grow the nation.
User guide
How to start your SIP
To start investing in the JanNivesh ₹250 SIP, users have to open the Paytm app and tap on 'JanNivesh' under the 'Do More with Paytm' section.
They then have to choose their preferred investment frequency—daily, weekly, or monthly—and enter an amount starting from ₹250.
After entering PAN details and completing SEBI-mandated KYC by submitting required documents, users can review their SIP details and set up UPI Autopay for automatic payments.