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.