LIC Mutual Fund reduces daily SIP amount to Rs 100.

LIC Mutual Fund reduces daily SIP amount to Rs 100. Check details The LIC Mutual Fund Asset Management Company (AMC) has recently lowered the Daily Systematic Investment Plan (SIP) amount to Rs. 100 and multiples of Re. 1 for certain schemes within the LIC Mutual Fund portfolio. Additionally, LIC MF will now offer a Daily SIP plan within the LIC MF Liquid Fund. In further updates, the AMC has also adjusted the minimum monthly SIP investment limit to Rs 200 and the minimum quarterly SIP investment limit to Rs 1,000 for specific schemes within LIC Mutual Fund. The minimum amount step-up facility has been updated to Rs. 100 with subsequent increments of Rs. 1 for all existing SIP schemes, with the exception of LIC MF ELSS Tax Saver and LIC MF Unit-Linked Insurance Plan. These changes will be effective from October 16, 2024. The small ticket SIP, introduced by SEBI, aims to enhance accessibility to mutual fund investments in India. [Read more]( If you would prefer not receiving our emails, please [Click Here](