Exciting Developments in Mutual Fund SIPs: LIC and Mirae Asset’s New Initiatives
Recent Trends in Mutual Fund Investments
In the evolving landscape of mutual fund investments, last week’s announcement from LIC Mutual Fund has caught the attention of many investors. The company introduced a daily Systematic Investment Plan (SIP) option for just Rs 100. This move is part of a broader trend to make mutual fund investing more accessible to a wider audience.
Mirae Asset’s Competitive Offer
Following LIC’s lead, Mirae Asset Mutual Fund has responded with its own attractive offer. The firm has announced that it will allow investors to initiate a SIP from as low as Rs 99 in all its mutual fund schemes, with one exception. This strategic decision aims to broaden its appeal, especially among retail investors looking for low-cost entry points into mutual fund investments.
Exclusion from the Rs 99 Scheme
While Mirae Asset’s initiative is commendable, it’s important to note that one particular mutual fund scheme will not offer the Rs 99 SIP option. Investors curious about which specific scheme is excluded from this attractive pricing should stay informed through announcements from Mirae Asset Mutual Fund. This detail could impact potential investors’ choices and strategies.
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