eBullion, a metal tech start-up, has announced the launch of the Systematic Investment Plan (SIP) for precious metals in India. This program offers an opportunity for individuals to gradually invest in precious metals, including gold, silver, platinum, and palladium, through periodic instalments, with a minimal starting investment of just Rs 100 per week or per month.
Individuals have the flexibility to choose a tenure that aligns with their financial objectives, ranging from 3 months to 2 years.
eBullion sources precious metals exclusively from London Good Delivery Refiners, with minimum purity requirements of 9999 for gold, 9995 for platinum or palladium, and 999 for silver. To enhance the convenience of the investment process, multiple payment modes (net banking and UPI) are available. The system provides additional functionality of one time standing instructions setup using NACH facility provided by NPCI to enable seamless periodic payment through bank accounts.
Commenting on the launch of the precious metal SIP program, Rajiv M Ranjan, Head of Business Operations at eBullion, expressed, “Our platform currently centers its attention on Tier 1 & Tier 2 cities, with a particular focus on attracting millennials. Our strategic roadmap strongly aligns with the Digital India initiative, presenting India with substantial opportunities, now available in bite-sized portions."
eBullion's SIP program, with its low entry point, makes precious metals accessible to a broader audience and serves as a safeguard against market fluctuations. T
Through eBullion’s flexible options, quality assurance, and seamless payment methods, SIP isn’t just an investment opportunity; but fostering a pathway to financial stability.
