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SBI and SBI Mutual Fund have launched JanNivesh scheme that allows to invest Rs 250 per month in a mutual fund. Let’s know how much you would expect to get in the return.
SBI, SBI mutual fund launch JanNivesh SIP for investors.
SBI JanNivesh Mutual Fund: SBI Mutual Fund, in collaboration with the State Bank of India, launched “JanNivesh SIP”, starting at just Rs 250, on Monday. It is designed to encourage first-time investors and small savers from rural, semi-urban, and urban regions to begin their investment journey, thereby promoting financial inclusion.
The most important thing in an investment journey is consistency. It doesn’t matter whether your investment amount is small or not, but as long as you keep investing, your corpus will grow and can give multifold returns in the future.
Many of you might have been thinking that an investment of a mere Rs 250 on a monthly basis will not turn into a good corpus. This is a wrong conception. As a water bucket can be filled drop by drop, so does your portfolio.
Where Does SBI JanNivesh Invest?
Investors can now invest in the SBI Balanced Advantage Fund under JanNivesh. It is a hybrid dynamic asset allocation plan, investing both in equity and debt to optimise returns while managing risk. It is allowing a minimum investment of Rs 250 per month.
Unlike pure equity or debt funds, a Balanced Advantage Fund provides stability during market downturns.
The SBI Balanced Advantage Fund returns for the past years were a) 1-year return: 8.3% b) 3-year return: 12.2%.
Rs 250 SIP Can Build Portfolio Over Lakhs
If you consistently and diligently invest Rs 250 each month via SIP under JanNivesh in the SBI Balanced Advantage Fund, your corpus would be worth approximately Rs 29,70,605 lakh at a 12% per annum return after 40 years.
Thereby, a total investment of Rs 1,20,000 would fetch a profit of Rs 28,50,605 in 40 years.
Note that inflation, the upward movement of prices of general items, hasn’t been added to the calculation. As an investor, you should also consider that factor while making your investment plans, so it would lower the actual value of the investment you would expect to receive in the future.
More About SBI Balanced Advantage Fund
The total AUM of the SBI Balanced Advantage Fund is Rs 33305.48 crore as of 31 January 2025. The current NAV (Net Asset Value) is Rs 14.40. The major allocations of the scheme are in: Financial Services (28.24%), Oil, GAS & Consumable Fuels (11.79%), Sovereign (10.77%), IT (6.97%), etc.
SBI JanNivesh SIP: How To Invest
Users can open the mutual fund on the SBI YONO platform and other fintech platforms like Paytm, Groww and Zerodha.
How To Invest In JanNivesh SIP On Paytm
Step 1: Open your Paytm App.
Step 2: Click on JanNivesh SIP @250 tab.
Step 3: You can select amount (Daily, Weekly and Monthly).
Step 4: You need to enter PAN no., complete KYC and SIP set.
Paytm allows you to deduct payment on an automatic basis.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.