eBullion introduces India’s first-ever SIP program in precious metals investment. Details here

eBullion unveils India's first-ever precious metals investment SIP program. With a remarkably low minimum investment of just Rs 100, this program offers individuals the flexibility to select a tenure ranging from three months to two years.

Abeer Ray, MintGenie Team
Updated10 Oct 2023, 04:51 PM IST
eBullion, in collaboration with Hindustan Platinum, brings to you India's pioneering SIP program for precious metals investment.
eBullion, in collaboration with Hindustan Platinum, brings to you India’s pioneering SIP program for precious metals investment.(REUTERS)

eBullion, a pioneering technology startup in the field of precious metals, officially recognised by the Government of India's DPIIT and backed by Hindustan Platinum (HP), a well-established industry leader with over six decades of expertise in the manufacturing and refining of precious metals and serving a global customer base across 50 countries, is delighted to introduce the launch of the Systematic Investment Plan (SIP) for precious metals in India. 

This groundbreaking program offers an unprecedented opportunity for individuals to gradually invest in precious metals, including gold, silver, platinum, and palladium, through regular installments, starting with a minimal investment of just Rs 100 per week or per month.

At the core of this offering lie essential features crafted to empower investors in tailoring their investment path. With a modest initial investment requirement of just Rs 100, individuals gain the flexibility to select a tenure that best suits their financial goals, spanning from three months to two years. Moreover, eBullion upholds an unwavering commitment to quality, ensuring that every fraction of precious metals acquired through the SIP program adheres strictly to international purity standards.

eBullion exclusively sources precious metals from London Good Delivery Refiners, upholding minimum purity criteria of 9999 for gold, 9995 for platinum or palladium, and 999 for silver. To enhance the convenience of the investment process, multiple payment methods (including Net Banking and UPI) are available, granting investors maximum ease and flexibility throughout their precious metals journey. The system also offers the added functionality of setting up one-time standing instructions using the NACH facility provided by NPCI, ensuring seamless periodic payments through bank accounts.

Commenting on the launch of the precious metal SIP program, Rajiv M Ranjan, Head of Business Operations, eBullion, expressed, “Our platform currently centres its attention on Tier 1 & Tier 2 cities, with a particular focus on attracting millennials. These are individuals who seek out technology-driven, smaller investment opportunities that offer something unique. What could be more enticing than delving into the uncharted realm of precious metals? Looking ahead, our commitment extends to broadening investment possibilities in precious metals for rural India. Whether you're a seasoned investor looking to diversify your portfolio or someone taking their initial steps into the world of precious metals, eBullion welcomes you to explore these contemporary investment opportunities. Our strategic roadmap strongly aligns with the Digital India initiative, presenting India with substantial opportunities, now available in bite-sized portions.”

eBullion's SIP program, with its low initial investment requirement, opens up the world of precious metals to a wider audience while offering a shield against market fluctuations. This tangible form of investment can be a game-changer, especially during times of economic uncertainty. eBullion's daily price updates and easily accessible online statements empower investors with real-time information, ensuring they stay well-informed about the value and performance of their investments.

Through eBullion's adaptable options, quality assurances, and streamlined payment methods, SIP becomes more than just an investment opportunity; it becomes a pathway to financial stability. eBullion enables investments in precious metals such as gold, silver, platinum, and palladium, which are securely stored in international standard vaults, additionally insured by global insurers with expertise in precious metals insurance, and subject to regular third-party audits.

 

We elaborate on the magic of compounding in mutual fund SIPs.

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First Published:10 Oct 2023, 04:51 PM IST
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