ReutersThe logo of Securities and Exchange Board of India (SEBI) is seen on its headquarters in Mumbai, India. About 225 million investors currently invest via systematic investment plans (SIP) but a majority are from big cities. India's mutual fund industry manages 66.93 trillion rupees ($797.87 billion) in debt and equity assets. "We would like to take mutual funds to the masses," said DP Singh, deputy managing director at SBI Mutual Fund. While there is no bar on offering investment plans of 250 rupees or less, these options are not currently commercially viable, executives at two mutual fund houses said.

Source: bd News24 January 16, 2025 09:17 UTC