SBI MF lowers minimum investment limit to Rs100 in 4 funds

SBI MF lowers minimum investment limit to Rs100 in 4 funds

State Bank of India‘s (SBI) mutual fund SBIMF unit has lowered the minimum monthly investment, SIP limit to Rs100 in select funds. This type of lowering the minimum installment was done earlier by UTI Mutual Fund and ICICI Prudential Asset Management.

The 4 funds whose installments lowered are Magnum Balance, MMPS-93, MSFU Contra fund and SBI Blue Chip fund.

Normally, the minimum investment SIP into Indian mutual funds is Rs500, but a group of small investors from rural areas are not able to invest even such amount so to cater the needs of those many AMCs are lowering the investment threshold.

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