If you wish to save money for future endeavors and have savings, there’s no need to worry. By cutting down on daily expenses, such as the cost of a cup of tea, you can potentially become a millionaire. Madhabi Puri, Chairperson of the Securities and Exchange Board of India (SEBI), is actively working to simplify mutual funds for the general public.

Puri aims to collaborate with mutual fund companies to reduce the minimum investment amount for Systematic Investment Plans (SIPs) to ₹250 per month for ordinary individuals. This initiative comes as a response to the growing interest in SIPs, and Puri is determined to make investing more accessible.

In recent years, there has been a significant increase in the number of people investing in mutual funds through SIPs. Currently, one can invest as little as ₹500 in a Systematic Investment Plan (SIP). Madhabi Puri, the Chairperson of SEBI, is working to introduce an MF investment option starting at ₹250 per month through the systematic investment plan. This initiative aims to include more individuals in the systematic investment plan, aligning with the successful trend of creating smaller investment options in various businesses, similar to creating smaller-sized sachets for shampoo. The mutual fund industry should consider adopting such patterns.

Due to the popularity of small SIPs in the Indian capital market, there has been a significant uptick. By reducing the minimum investment amount through SIPs, it is anticipated that more people will be able to invest through this route.

The mutual fund industry has reported that investments in mutual funds through SIPs increased by over ₹17,000 crores in November. Interestingly, during this period, foreign investors were selling in the Indian stock market, while Indian investors infused substantial funds, preventing a major downturn in the market.

Madhavi Puri has stated that the stellar performance of domestic investors is contributing to the bullish trend in the stock market. The selling pressure from foreign investors has not been able to slow down the market. In November this year, investments through Systematic Investment Plans (SIPs) in mutual funds crossed ₹17,000 crores.

In the previous October, investments through SIPs in mutual funds remained at ₹16,928 crores. Reducing the minimum required amount for investment in SIPs will attract more people to the capital market, providing significant assistance to the mutual fund industry.