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SIP Amount reduced to Rs 100

May 23, 2007

Reliance, ICICI and Lotus Mutual funds have reduced the minimum SIP investment to Rs 100 to enable more Indians to save and invest in the Indian Equities, one of the best asset class in the world. The number of investors investing through SIP route in India is mere 1.2 Million.

So you can now contribute Rs 100 as SIP amount to any of the Reliance / ICICI or Lotus AMC managed funds. I will be really happy if they let us invest Rs 100 on every trading day to take advantage of the volatile markets.

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