NEWS-"Reliance Mutual Fund has reduced the SIP amount for Monthly as well as for Quarterly Frequency. From 1st April 2007, one can start Monthly SIP with a minimum amount of Rs.100 and Quarterly SIP with minimum of Rs.500 only"
This announcement from Reliance is a first big step in bringing masses to MF investment. Now all you need is just Rs. 100 / - ( less than your cable, electricity or any other bill !!!!) p.m to participate in MFs( own multiple businesses by the way , if you invest in equity funds).
Lot of other fund houses may follow suit. A good first step in taking the equity markets to the bottom of the pyramid.
If you have been averse of trying your money in equity , you can take the 100. pm route now!!!