SBI MF Joint CEO DP Singh, speaking at the Moneycontrol Global Wealth Summit, stated that the fund house seeks to take capital creation to the bottom of the pyramid and is confident of making it big.
Capital Creation for the Masses
SBI Mutual Fund, one of India’s largest asset management companies, is enthusiastic about daily SIPs, considering them even more promising than the recently launched Rs 250 SIP scheme. DP Singh, Joint CEO of SBI MF, expressed confidence in these initiatives at the Moneycontrol Global Wealth Summit 2025 held in Mumbai on March 7.
“We are taking capital creation to the bottom of the pyramid. We were very sure that we can make it very big. This is just the start,” Singh said, emphasizing the potential of small-ticket investments in attracting a larger investor base.
Daily SIPs: The Future of Wealth Creation
Singh predicted that daily SIPs will become a major trend in the coming years. SBI MF aims to drive participation in daily SIPs through direct investment channels and DIY (do-it-yourself) investment models.
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On the other hand, the recently introduced Rs 250 SIP scheme, called ‘JanNivesh SIP’, is not being distributed through intermediary channels as the economics do not favor it. The scheme was launched on February 17 to encourage small investors, particularly in Tier II and Tier III cities, to enter the stock market.
Impact of Budget 2025 on Retail Investments
With Finance Minister Nirmala Sitharaman’s Budget 2025 announcement that annual incomes up to Rs 12 lakh will be tax-free, Singh believes that many people who previously transacted only in cash will now invest in micro SIPs and mutual funds.
At the JanNivesh SIP launch, former SEBI Chairperson Madhabi Puri Buch hailed the initiative, calling it a step towards an inclusive financial ecosystem. “This is really what we are talking about—an India where wealth is created and distributed among all, no matter how small the amount,” she said.
Cautious Approach to Thematic Funds
Regarding thematic funds, Singh noted that while certain investment themes flourish during bull runs, SBI MF remains cautious and selects only those with enough quality stocks to support long-term growth.
With daily SIPs and micro-investment plans, SBI Mutual Fund is working towards making wealth creation accessible to all, reinforcing its vision of an inclusive Bharat.
