SBI's amazing SIP scheme: You can collect 7 lakh rupees by depositing only ₹ 250 every month, understand the calculation..

Recently, the country's largest mutual fund house SBI Mutual Fund has launched a new investment plan JanNivesh SIP, in which one can start with just Rs 250. SBI has launched this scheme to make mutual funds accessible to the poor and working class of the country. It includes daily, weekly, and monthly investment plans so that even those people can start investing who want to start with a small amount. Under this scheme, you can raise a fund of more than Rs 7 lakh by saving just Rs 250 every month regularly.

Who can invest in SBI JanNivesh SIP?

SBI JanNivesh SIP has been designed for all people, be it a student, a first-time investor, a trader, or a small saver. Anyone can start investing in this scheme.

Where will the investments in SBI JanNivesh SIP go?

All investments made through JanNivesh SIP will go to the SBI Balanced Advantage Fund. This fund is a great option for new investors. It offers the following benefits-

How to invest in SBI Janinvest SIP?

You can invest in SBI Janinvest SIP through the SBI Yono app. Apart from this, you can also invest in it through digital fintech platforms like Paytm, Zerodha, and Groww.

How much funds can a monthly SIP of Rs 250 create in 10 years?

If a monthly SIP of Rs 250 is run for 10 years and a return of 12 percent is received during this period, then the investor will have Rs 56,009 deposited. This includes a deposit of Rs 30,000 and a return of Rs 26,009.

How much funds can a monthly SIP of Rs 250 create in 20 years?

If a monthly SIP of Rs 250 is run for 20 years and a return of 12 percent is received during this period, then the investor will have Rs 2.29 lakh deposited. This includes a deposit of Rs 60,000 and a return of Rs 1.69 lakh.

How much funds can a monthly SIP of Rs 250 create in 30 years?
If a monthly SIP of Rs 250 is run for 30 years and a return of 12 percent is received during this period, then the investor will have Rs 7.70 lakh deposited. This includes a deposit of Rs 90,000 and a return of Rs 6.80 lakh.

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