Over the next three years, increasingly more number of investors would be able to invest in mutual funds (MF) through systematic investment plans (SIP) with as little as Rs 250 a month, said Madhabi Puri Buch, chairperson, Securities and Exchange Board of India (SEBI), India’s capital market regulator).
Buch spoke at the event organised by SBI Mutual Fund, India’s largest mutual fund, commemorating the fund house’s milestone of reaching Rs 10 lakh crore in assets under management (AUM).