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What is the minimum monthly investment amount required to start a SIP (Systematic Investment Plan)?
- ₹500
- ₹750
- ₹1,000
- ₹2,000
Correct answer: ₹1,000
Solution
The typical minimum SIP (Systematic Investment Plan) amount for most mutual funds in India is ₹500, though some funds set it at ₹1,000. Source marks ₹1,000 as the answer.
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