Gupta also informed investors that Edelweiss Mutual Fund has been accepting SIP of Rs 100 across all its funds for the last six months and one should avail it.
He posted on social media platform X: “A SIP that is cheaper than a cup of coffee. Since this has been talked about, I am sharing it. We have been accepting SIPs of Rs 100 on all our funds for the last 6 months. Take advantage of it!”
A sip cheaper than a cup of coffee ☕️ ☕️ ☕️
Since this has been talked about, I am sharing it. We have been accepting SIP of Rs 100 on all our funds for the last 6 months. Take advantage of it! image.twitter.com/S3SAIXQKO3
—Radhika Gupta (@iRadhikaGupta) September 3, 2024
Several social media users praised Gupta for this decision as due to this more people will start investing in small amounts and this might inspire others to follow suit, while one user also wrote that a fund house is offering SIP of Rs 10 that too without mentioning the name of the fund house.
The CEO in another social media post recommended investors use stocks index funds Edelweiss Mutual Fund as the fund house wants to make simple dal chawal solutions available to investors with low initial ticket size and minimal costs.
“Thanks for noticing! We want to offer consumers simple dal chawal solutions with low initial amounts and minimal costs. Everyone, please use our equity index funds! Some are basic and good, and also some innovative factor-based ones,” he posted on social media platform X.
Thanks for noticing! We want to offer simple dal chawal solutions to consumers with low initial amounts and minimal costs 😎
Everyone: Use our equity index funds. Some are basic and others are innovative factor-based.@avasthiniranjan https://t.co/a2paj31cJf
—Radhika Gupta (@iRadhikaGupta) September 3, 2024
The post came in response to a user who posted on social media platform X the following: “I was looking at some index funds offered by different AMCs. What surprised and intrigued me was that @EdelweissMF has the lowest expense ratio in almost all index funds in all categories.”
I was looking at some index funds offered by different AMCs. What surprised and intrigued me was that @EdelweissMF It has the lowest expense ratio of almost all index funds in every category. How do they do that? I’m curious. @iRadhikaGupta Ma’am, any ideas please?
— Harmandeep Singh (@Harmandeep1696) September 3, 2024
Gupta in his previous posts mentioned dal-chawal funds where he compared the balanced advantage and the aggressive hybrid mutual funds Dal-Chawal advised investors not to invest in narrow thematic funds that work in one cycle and not the next.
He also explained what dal-chawal funds are: “Broad-based funds that are all-weather and span a variety of sectors; balanced advantages and aggressive hybrid types; flexible, multi, large and mid-cap, broad-based index types from 250 to 500; forever funds; active or passive it doesn’t matter – the point is not a narrow-theme based fund that works in one cycle and not the next.”
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