Aditya Birla Sun Life Mutual Fund has announced a revision in the minimum instalment amount under its systematic investment plan (SIP) facility across 25 mutual fund schemes. Effective March 12, 2024, the minimum SIP instalment amount has been lowered to ₹100 and can be made in multiples of ₹1 thereafter.
This marks a reduction from the previous minimum instalment amounts, which ranged from ₹500-1,000 under different frequencies for the selected schemes.
The revised minimum instalment amount applies to a diverse range of mutual fund schemes, including debt and equity funds.
Investors can now participate in Aditya Birla Sun Life Arbitrage Fund, Aditya Birla Sun Life Asset Allocator FoF, Aditya Birla Sun Life Banking & Financial Services Fund, Aditya Birla Sun Life Business Cycle Fund, Aditya Birla Sun Life Dividend Yield Fund, and several others, with a more accessible entry point.
Aditya Birla Sun Life Mutual Fund offers the SIP facility under various frequencies, including daily, weekly, fortnightly, quarterly, monthly, half-yearly, and yearly.
The modification in the minimum SIP instalment amount will be applicable to new SIP registrations made on or after the effective date.
It is important to note that the fund house reserves the right to change or modify the minimum SIP amount in the schemes in the future.
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