‘Utter desperation’: Financial planner slams Rs 250 SIP idea, warns it ‘fuels speculation’

‘Utter desperation’: Financial planner slams Rs 250 SIP idea, warns it ‘fuels speculation’

Akshat Shrivastava, a financial planner, has strongly criticized the idea of daily wage earners investing in stock markets through micro SIP, calling it “risky and stupid.” He argued that such a move reflects desperation and a lack of understanding of financial priorities.   In a post on X (formerly Twitter), Shrivastava referred to Maslow’s hierarchy … Read more

JanNivesh SIP debuts at Rs 250: SBI MF, Paytm team up to bring small savers into the investment fold

JanNivesh SIP debuts at Rs 250: SBI MF, Paytm team up to bring small savers into the investment fold

A long-held vision of making mutual fund investments accessible to every Indian took a step forward on February 17, as SBI Mutual Fund launched the JanNivesh SIP with a minimum investment of just Rs 250. The initiative, unveiled in the presence of SEBI Chairperson Madhabi Puri Buch, is aimed at deepening financial inclusion and attracting … Read more