State bank of India has launched its own asset management company to launch more financial products.
SBI mutual funds is the company owned by SBI asset management company.
From inception, SBI mutual fund has launched several schemes which is outperforming the sensex as well as the other schemes launched by the other companies.
One of the successful scheme launched by the SBI is the launch of SIP Plan.
SIP is called as Systematic Investment Plan.
This helps the investors to invest in smaller amounts by making monthly payments.
This will reduce the burden of the investors to make huge payments at a single time.
There are lot of SIP schemes available in SBI.
Recently SBI Launched "SBI Chotta SIP" scheme which is considered as one of the best SIP plans in India.
This sip plan has been launched the retail investors who have less income.
For normal SIP Schemes, the minimum amount that has to be made every month is Rs 500.
But that condition is relaxed in this scheme, where the investors can pay a minimum amount of Rs 100 per month.
This is a great benefit for the retail investors who have very less income.
All the low income retail investors are now getting a chance to invest in the mutual funds and get the returns from the stock markets.
You can give post dated cheques for the amount that you are planning to invest in this plan.
The cheques will be presented on the corresponding day for payments.
Next Step: Start investing to EARN MORE MONEY: Investing in a SBI SIP Plan is a very easy process.
You can apply online in many leading websites.