AMFI launches 3 new investor initiatives: Chhoti SIP, Tarun Yojana, MITRA

Current Context: The Association of Mutual Funds in India (AMFI) launched three investor-focused initiatives on February 21, 2025: Chhoti SIP, Tarun Yojana, and MITRA.

Chhoti SIP offers a ₹250 Systematic Investment Plan to make mutual funds accessible, especially for first-time and underserved investors.
Tarun Yojana integrates financial literacy into school curricula to educate young students on investment basics.
MITRA (Mutual Fund Investment Tracing and Retrieval Assistant) helps investors and their heirs recover inactive or forgotten mutual fund holdings, ensuring rightful ownership.
These steps aim to boost financial inclusion, awareness, and accessibility in India’s growing mutual fund sector.

Question:

Q.1 What is the minimum investment amount for the Chhoti SIP initiative launched by Association of Mutual Funds in India (AMFI)?
a) ₹100
b) ₹250
c) ₹500
d) ₹1,000

Answer: b) Chhoti SIP is described as offering a ₹250 Systematic Investment Plan.