Investing in mutual funds offers a promising opportunity for individuals to grow their wealth systematically over time. Tata Mutual Fund has taken a commendable step in making investing more accessible by reducing the minimum Systematic Investment Plan (SIP) application amount to Rs 100 across several of its schemes. This change, effective from December 18, opens doors for more investors to participate in the market with ease.
Tata Mutual Fund’s diverse range of schemes now allows investors to start their SIP journey with just Rs 100 or multiples thereof. This adjustment in the minimum SIP amount encompasses various Tata Mutual Fund schemes, making it easier for individuals to initiate their investment endeavors in funds that cater to different risk appetites and financial goals.
List of Tata Mutual Funds with Minimum SIP Application Amount of Rs 100
Here’s a comprehensive list of Tata Mutual Fund schemes with the reduced minimum SIP application amount:
- Tata Balanced Advantage Fund
- Tata Banking and Financial Services Fund
- Tata Business Cycle Fund
- Tata Digital India Fund
- Tata Dividend Yield Fund
- Tata Equity P/E Fund
- Tata Equity Savings Fund
- Tata Ethical Fund
- Tata Flexi Cap Fund
- Tata Focused Equity Fund
- Tata Housing Opportunities Fund
- Tata Hybrid Equity Fund
- Tata India Consumer Fund
- Tata India Pharma & Healthcare Fund
- Tata Infrastructure Fund
- Tata Large & Mid Cap Fund
- Tata Large Cap Fund
- Tata Mid Cap Growth Fund
- Tata Multi Asset Opportunities Fund
- Tata Quant Fund
- Tata Resources & Energy Fund
- Tata Small Cap Fund
Why Did Tata Mutual Funds cut minimum SIP application amount to Rs 100?
This reduction in the minimum SIP application amount emphasizes Tata Mutual Fund’s commitment to inclusivity, allowing investors to start their investment journey with a nominal amount. It’s a strategic move aimed at encouraging more individuals, including first-time investors and those with limited capital, to participate in the market and benefit from mutual fund investments.
Importantly, this change is implemented prospectively, meaning it applies to future SIP investments made in the specified schemes and remains in effect until further notice from Tata Mutual Fund.
Despite the reduction in the minimum SIP amount, all other terms and conditions, risk factors, as well as the essential documents such as SID, KIM cum application form, and SAI, along with any prior addendums, remain unchanged.
Investors now have an excellent opportunity to explore and consider these Tata Mutual Fund schemes, initiating their investment journey with as little as Rs 100 per SIP installment. This move aligns with the broader goal of fostering a culture of savings and investment among individuals, promoting financial inclusivity, and facilitating wealth creation over time.
Tata Mutual Fund’s step to lower the barrier to entry for mutual fund investments signifies a progressive approach toward catering to a wider audience, thereby potentially expanding its investor base while empowering individuals to build a more secure financial future.