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- 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.