SEBI floated a consultation paper on ‘sachetisation’ of mutual funds.
It aims to increase the reach and facilitate participation from low-income groups in mutual funds.
SEBI has proposed a sachetised mutual fund product – small ticket systematic investment plan (SIP) of ₹250.
Further, small ticket SIPs can be offered in any scheme except for debt schemes, sectoral and thematic schemes, small-cap and mid-cap schemes under equity schemes category.
Sachetisation of mutual funds will enable small ticket investment in mutual funds gradually on a periodic basis.