Description

NSE announces introduction of weekly SIP frequency and revised minimum installment amounts for Samco Mutual Fund schemes effective July 11, 2025.

Summary

NSE has implemented changes to Samco Mutual Fund’s Systematic Investment Plan (SIP) offerings on the NSE MF Invest Platform, including the introduction of weekly SIP frequency and revised minimum installment amounts across daily and monthly frequencies, effective from July 11, 2025.

Key Points

  • Weekly SIP frequency introduced for all open-ended Samco Mutual Fund schemes
  • Minimum installment amounts revised for daily and monthly SIP frequencies
  • Changes applicable to new SIP enrollments on or after July 11, 2025
  • Special provisions for Samco ELSS Tax Saver Fund with higher minimum amounts

Regulatory Changes

Weekly SIP Introduction:

  • Cycle Date: Monday to Friday
  • Minimum: Rs. 250/- (multiples of Rs. 1/-) up to Rs. 1,000/- for 24 installments OR Rs. 1,000/- and above (multiples of Rs. 1/-) for 6 installments
  • Samco ELSS Tax Saver Fund: Rs. 500/- minimum in multiples of Rs. 500/-

Revised Daily SIP:

  • Previous: Rs. 500/- (multiples of Rs. 1/-) for 10 installments
  • New: Rs. 250/- (multiples of Rs. 1/-) up to Rs. 1,000/- for 24 installments OR Rs. 1,000/- and above for 6 installments
  • Samco ELSS: Rs. 500/- minimum in multiples of Rs. 500/-

Revised Monthly SIP:

  • Previous: Rs. 500/- (multiples of Rs. 1/-) for 12 installments OR Rs. 1,000/- and above for 6 installments
  • New: Rs. 250/- (multiples of Rs. 1/-) up to Rs. 1,000/- for 12 installments OR Rs. 1,000/- and above for 6 installments
  • Samco ELSS: Rs. 500/- minimum in multiples of Rs. 500/-

Compliance Requirements

  • NSE members must update their systems to reflect the new SIP parameters
  • Changes apply only to new SIP enrollments from the effective date
  • Existing SIPs continue under previous terms

Important Dates

  • Effective Date: July 11, 2025 (for all changes)
  • Circular Date: August 14, 2025
  • Applicability: New SIP enrollments on or after July 11, 2025

Impact Assessment

Low impact administrative change that provides more flexibility to investors in Samco Mutual Fund schemes by offering weekly SIP options and lower entry barriers through reduced minimum installment amounts. The changes are specific to one mutual fund and do not affect broader market operations or other participants.

Impact Justification

Administrative change affecting only Samco MF SIP options with no broader market implications