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Tag Archives: SIP

Investing in micro SIPs


Coins in Piggy Bank

 

This term “micro SIP” came in to existence in 2009, when SEBI relaxed the PAN card requirement norms for investments in SIPs or Systematic Investment Plans where the total aggregate investment made by an investor  in SIPs ( incl. multiple SIPs ) in any financial year does not exceed Rs 50,000/-. For such small investors, a valid photo identity submitted along with the application would suffice.

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