In a bid to attract more investors, various domestic mutual funds have slashed the minimum lump sum investment amount in a scheme to ₹100. Earlier, most MF schemes required investors to put in at least ₹500-₹5,000 as lump sum. But, with strong investor demand seen for lower investment amounts through online platforms such as Paytm Money, PolicyBazaar and Groww among others, more mutual funds are looking to tap flows from avenues other than their regular ones.
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