July, 01 2025 Tuesday 20:42 Hrs
  • SENSEX :   83,697.29

  • Commodity broking firm in India90.83( 0.11%) 01-Jul-2025

MF News - Detailed News

Navi Mutual Fund to discontinue SIPs below Rs 100 all schemes for except ELSS funds
01-Jul-25   10:51 Hrs IST
Navi Mutual Fund announces that all Investors / Unit holders that investors having existing Systematic Investment Plans (SIPs) with instalment amount less than Rs. 100 under all the existing schemes of Navi Mutual Fund shall have below options:

' Investors registered with SIPs of less than ₹100 per instalment are given an option to top-up their Instalment amount to ₹100 or above till July 31, 2025 (applicable across all frequencies and all plans of all schemes of Navi Mutual Fund except ELSS funds).

' Investors may choose to voluntarily cancel their SIPs at any time on or before July 31, 2025, through the existing SIP cancellation process.

' In case no action is taken by the investor on or before July 31, 2025, such SIPs shall be automatically cancelled with effect from August 01, 2025.

Powered by Capital Market - Live News

Top
Attention Investor:
Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.