News

Paytm Collaborates with SBI Mutual Fund to Introduce JanNivesh ₹250 SIP.

Banking & Finance | Dated: 20 Mar 2025

Paytm, a wholly-owned subsidiary of Noida (Uttar Pradesh, UP)-based One 97 Communications Limited, has partnered with Mumbai (Maharashtra)-based SBI Mutual Fund, a subsidiary of the State Bank of India (SBI), to launch the JanNivesh ₹250 Systematic Investment Plan (SIP) initiative.

🎯 Key Highlights:

- The scheme was launched by Securities and Exchange Board of India’s (SEBI) Chairperson Madhabi Puri Buch on February 17, 2025.

💡 Other Important Facts:

(i) This scheme allows individuals to start investing with as little as ₹250, offering daily, weekly, or monthly SIP options to cater to diverse financial needs.
(ii) The scheme, starting at just ₹250, makes investing accessible for first-time investors and small savers. Investors can set up SIPs through the Paytm application (app), SBI You Only Need One (YONO), and other digital platforms.
(iii) This initiative aims to democratize investing and contribute to long-term financial security for millions of Indians, particularly those in rural, semi-urban, and urban areas.

📚 Test Your Knowledge:

Recently, which company partnered with SBI Mutual Fund to launch the JanNivesh ₹250 SIP initiative?

Correct Answer: Paytm

🚀 Quick Recap:

About Paytm

CEO: Vijay Shekhar Sharma
Headquarters: Noida