AMFI to Track Small 'Choti' SIP Collections Separately from December

Imagine you want to start saving a little bit of money each month to buy something big later.

The people who manage mutual funds in India are making it easier for you to save even small amounts, like just 250 rupees a month.

They call these small savings 'choti' SIPs.

Starting next month, they will count these small savings separately.

By January, everyone will be able to see how much money people are saving this way.

This is because a big financial group, SEBI, said it's okay to save as little as 250 rupees.

They are also making sure that only certain types of savings plans can be part of this.

They're also giving a little reward to the helpers who encourage people to save this way for a long time.