Indian Investors To Get Rs 250 SIP Soon: Sebi Chairperson

Aimed at enhancing the accessibility of financial inclusion to the larger section of society, the Chairperson of the Securities and Exchange Board of India (Sebi) Madhabi Puri Buch stated that the day is not far when the country would witness a Rs 250 per month systematic investment plan (SIP). Speaking at an event of the Confederation of Indian Industry (CII), Buch said that discussions regarding the same have been going on within the industry.

Sebi Chairperson stated that this initiative of financial inclusivity is of prime importance to the market regulator and through the Rs 250 SIP, it seeks to work towards that direction. Buch emphasised the importance of building scale through technology adoption to take the market forward.

“The second area to drive markets is that of complexity for which an ecosystem is being developed to increase the asset classes so that there is a right product for the right person. Sebi would facilitate the development of new products, in co-creation and consultation with the industry, to cater to emerging needs. The Industry Standards Forum, having industry participation, has been effective and many new steps such as single filing would be a reality soon,” Buch stated.

Highlighting that the concept of Rs 250 SIP is not just about financial inclusivity through the low-cost investing option, but it also addresses the role of benefitting through the technology while making the onboarding and servicing process more efficient.

To ensure the viability of the initiative, Buch stated that the industry has been discussing it with the Association of Mutual Funds in India (AMFI) and other key players in the segment. Buch mentioned the next phase of the market ecosystem will be marked by a larger scale.

Highlighting the country’s growth journey, the Chairperson of the market regulator stated, “With monetary capability and the requisite technology, India is firmly on the path of growth and economic prosperity and is progressing firmly on the Viksit Bharat trajectory. This is very much evident from the two important sets of real-time data, namely the growth of taxes-GST, Advance tax and rising energy consumption, both of which are a testimony to India’s rising prowess.”