{"id":25210,"date":"2022-02-22T11:43:24","date_gmt":"2022-02-22T06:13:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-zfunds-daily-sip\/"},"modified":"2022-02-22T12:01:15","modified_gmt":"2022-02-22T06:31:15","slug":"biz-zfunds-daily-sip","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-zfunds-daily-sip\/","title":{"rendered":"ZFunds launches Rs 100 daily mutual fund SIP for people in rural areas, small towns"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4177566450\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 22 (PTI) Mutual fund distribution platform, ZFunds, on Tuesday announced the launch of Rs 100 daily mutual fund SIP, which is conceptualised specifically for people residing in rural areas and small towns.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3612206216\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The initiative is launched in collaboration with ICICI Prudential Mutual Fund, HDFC Mutual Fund, and Tata Mutual Fund, ZFunds said in a statement.<\/p>\n<p> Also, the company is in talks with several other fund houses to enrich its product suite.<\/p>\n<p> Through this offering, ZFunds aims to address the need gap existing in tier-2, tier-3 and tier 4 cities where people earn on a daily basis instead of having a monthly income.<\/p><div class=\"trade-content_5\" id=\"trade-3933328050\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The investment amount as low as Rs 100 will help daily wage earners and small business owners to start their investment journey from their daily income,\u00a0ZFunds said.<\/p>\n<p> Within a short span of time, ZFunds has registered more than 3,000 daily systematic investment plans (SIPs) on its platform and aims to reach 1 lakh daily SIPs by end of FY23.<\/p>\n<p> In the calendar year 2021, ZFunds registered a monthly SIP book of Rs 4 crore and assets under management (AUM) in excess of Rs 350\u00a0 crore.<\/p>\n<p> &#8220;It is a path breaking concept to make mutual funds accessible for the people of Bharat. The initial concept of SIP was thought out keeping salaried people in mind who get paid once a month. While the option of daily, weekly, and fortnightly SIPs does exist, the reality is not many people opt for it,&#8221; Manish Kothari, Co-founder and CEO at ZFunds said.<\/p>\n<p> &#8220;This is even though 54 per cent of non-metro India is self-employed and usually get paid on a daily basis and typically prefer to invest via chit funds. We have introduced Rs 100 daily SIP so that real financial inclusion can take place in tier-2, tier-3 cities and rural India,&#8221; he added.<\/p>\n<p> Abhijit Shah, Head Marketing, Digital and Customer Experience, ICICI Prudential AMC said, \u201cWe are very happy in partnering with ZFunds to make MFs accessible to every household in India. Daily SIPs with a low ticket size of Rs 100 will attract low-income groups and businesses having daily cash flows and bring them into the gambit of formalized investments.&#8221; \t Naveen Gogia, Executive Vice President, Co-Head- Sales &#038; Distribution, HDFC AMC said the initiative by ZFunds especially for the lower income strata across India to bring in real financial inclusion.\u00a0 PTI SP  DRR<\/p><div class=\"trade-content-10\" id=\"trade-833747589\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-3986096753\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 22 (PTI) Mutual fund distribution platform, ZFunds, on Tuesday announced the launch of Rs 100 daily mutual fund SIP, which is conceptualised specifically for people residing in rural areas and small towns. The initiative is launched in collaboration with ICICI Prudential Mutual Fund, HDFC Mutual Fund, and Tata Mutual Fund, ZFunds said [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-25210","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ZFunds launches Rs 100 daily mutual fund SIP for people in rural areas, small towns - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-zfunds-daily-sip\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZFunds launches Rs 100 daily mutual fund SIP for people in rural areas, small towns\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 22 (PTI) Mutual fund distribution platform, ZFunds, on Tuesday announced the launch of Rs 100 daily mutual fund SIP, which is conceptualised specifically for people residing in rural areas and small towns. 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