eBullion Private Limited, a metal tech start-up recognised by the Government of India's DPIIT and backed by Hindustan Platinum (HP), has announced the launch of the Systematic Investment Plan (SIP) for precious metals in India. This program offers an opportunity for individuals to gradually invest in precious metals, including Gold, Silver, Platinum, and Palladium, through periodic installments, with a minimal starting investment of just Rs 100 per week or per month.
With a minimum investment of only Rs 100, individuals have the flexibility to choose a tenure that aligns with their financial objectives, ranging from 3 months to 2 years. Furthermore, eBullion maintains a steadfast commitment to quality, ensuring that every fraction of precious metals acquired through the SIP program adheres to international purity standards.
eBullion sources precious metals exclusively from London Good Delivery Refiners, with minimum purity requirements of 9999 for Gold, 9995 for Platinum or Palladium, and 999 for Silver. To enhance the convenience of the investment process, multiple payment modes (Net Banking & UPI) are available, providing investors with the utmost ease and flexibility in their precious metals journey. The system provides the additional functionality of one-time standing instructions setup using the NACH facility provided by NPCI to enable seamless periodic payment through bank accounts.
Commenting on the launch of the precious metal SIP program, Rajiv M Ranjan, head of Business Operations at eBullion, expressed, “Our platform currently centers its attention on Tier 1 and 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?”