Description

BSE introduces JanNivesh SIP facility under Growth option of SBI Large and Midcap Fund, enabling SIP investments between Rs. 100 to Rs. 499 with a minimum of 12 installments on BSE StAR MF Platform.

Summary

BSE has informed its members that SBI Mutual Fund has introduced a JanNivesh SIP facility under the Growth option of SBI Large and Midcap Fund on the BSE StAR MF Platform with immediate effect. This facility allows investors to register SIPs with a minimum investment amount as low as Rs. 100, targeted at small-ticket investors.

Key Points

  • JanNivesh SIP allows Daily frequency SIP investments between Rs. 100 and Rs. 499 with a minimum of 12 installments.
  • Normal SIP continues for investments of Rs. 500 and above (Daily frequency), also requiring a minimum of 12 installments.
  • The facility is available under the Growth option of SBI Large and Midcap Fund only.
  • Members must select the correct minimum installment count based on investment amount range to avoid rejections from AMC/RTA.
  • An addendum issued by SBI AMC is attached to the notice.

Regulatory Changes

No regulatory changes. This is a product-level update by SBI AMC introducing a new low-ticket SIP product category (JanNivesh SIP) on the BSE StAR MF platform.

Compliance Requirements

  • BSE StAR MF platform members registering SIP/XSIP for SBI Large and Midcap Fund (Growth option) must ensure the correct SIP product name and minimum installment count is selected based on the investment amount:
    • Rs. 100–Rs. 499 (Daily): Select “JanNivesh SIP” with minimum 12 installments.
    • Rs. 500 and above (Daily): Select “Normal SIP” with minimum 12 installments.
  • Non-compliance with the minimum installment requirement may result in rejection by AMC/RTA.

Important Dates

  • Effective Date: Immediate effect from 19 May 2026.

Impact Assessment

This update has low market impact and is primarily operational in nature. It expands access to SBI Large and Midcap Fund for small investors through the JanNivesh SIP product, aligning with financial inclusion objectives. BSE StAR MF platform members (distributors/brokers) need to update their SIP registration workflows to correctly distinguish between JanNivesh SIP and Normal SIP based on investment amount to prevent transaction rejections.

Impact Justification

Operational update for BSE StAR MF platform members enabling a low-ticket SIP product; no regulatory mandate or broad market impact.