Aditya Birla Sun Life AMC Limited (ABSLAMC) has introduced a new initiative called Aditya Birla Sun Life Choti SIP, effective March 5, 2025. This innovative plan allows investors to participate in a Systematic Investment Plan (SIP) with a minimum investment of just Rs. 250. The Choti SIP is available for all schemes of the fund, except Debt, Sectoral & Thematic, Small & Midcap Funds, and can be invested in exclusively under the Growth option.
To be eligible for Choti SIP, investors must commit to at least 60 instalments, although early withdrawals are permitted. However, investors with existing investments in other Mutual Funds, SIPs (other than Choti SIP), or lump sum investments are not eligible for this option. Payments for Choti SIP can only be made through NACH or UPI auto pay, ensuring a convenient and hassle-free investment experience.
According to A. Balasubramanian, Managing Director & CEO of Aditya Birla Sun Life AMC Ltd, the introduction of Choti SIP aims to make systematic investing more accessible and promote financial inclusion. By lowering the entry barrier, Choti SIP enables individuals to start their investment journey with a small amount of Rs. 250 on a monthly basis, helping them take their first step towards disciplined wealth accumulation.
The launch of Choti SIP is a significant move by ABSLAMC, as it aligns with the company’s goal of making investing more accessible and convenient for a wider audience. With a minimum investment requirement of Rs. 250, Choti SIP is an attractive option for new investors who may have been hesitant to invest in mutual funds due to higher minimum investment requirements. By promoting systematic investing, ABSLAMC hopes to encourage more individuals to take control of their financial futures and start building wealth.