SEBI’s Proposal for Payroll-Linked SIPs Could Revolutionise Savings for Salaried Indians
मुख्य बातें
- •SEBI has proposed payroll-linked SIPs to promote disciplined savings among salaried individuals.
- •SIP inflows in India crossed ₹19,000 crore in March 2024, indicating strong investor interest in mutual funds.
- •The system would deduct SIP amounts directly from salaries, similar to EPF contributions, ensuring automatic savings.
- •Experts believe this will reduce impulsive spending and encourage long-term financial planning.
- •The proposal is open for public feedback until mid-May 2024 before final implementation.
The Securities and Exchange Board of India (SEBI) has taken a significant step toward fostering a savings culture among India’s salaried class by proposing a new investment mechanism called payroll-linked Systematic Investment Plans (SIPs). This innovative approach aims to prioritise savings by automatically deducting a fixed amount from an employee’s salary each month, even before other expenses are accounted for. The move comes at a time when the mutual fund industry in India has seen substantial growth, with SIP inflows crossing record highs in recent years. According to industry data, SIP contributions exceeded ₹19,000 crore in March 2024 alone, reflecting growing investor confidence in systematic investment plans.
