The Securities and Exchange Board of India (SEBI) on January 22, 2025, issued the Consultation paper on promoting financial inclusion through Sachetisation of Investment in Mutual Fund schemes.
The following has been stated namely: -
• This is introduced to promote financial inclusion, inculcate the habit of systematic saving and facilitate investment of small savings by investors new to the Mutual fund space, by sachetisation of Mutual Funds.
• Salient Features of ‘Small Ticket Systematic Investment Plan’: -
o The small ticket SIP that an investor can start may be restricted to three SIPs (one each in upto 3 Asset Management Companies). AMCs can continue to offer these SIPs beyond three small ticket SIPs but the discounted rates offered by intermediaries are restricted to only first three.
o Small ticket SIPs may be offered under the Growth option of the plan
o The small ticket SIP may be made in Statement of Account (SOA) mode or demat mode of investment.
• Public comments are invited on the following:
o The Detailed Proposal on Sachetisation of Mutual Funds - Small Ticket Systematic Investment Plan (Annexure A).
o Whether the proposal of providing disclosures through SMS is appropriate, for small ticket SIP investors?
The comments/suggestions should be submitted latest by February 06, 2025, through the following link:
https://www.sebi.gov.in/sebiweb/publiccommentv2/PublicCommentAction.do?doPublicComm
