The AMC will have a sapling planted on investor’s behalf, for registering an SIP through digital or online modes only with a minimum of Rs 1,000 per month, for a tenure of at least 3 years in an equity-oriented scheme (excluding arbitrage and index funds) in both regular and direct plans, HDFC MF said in a statement.
After a period of 3 months post the date of registration, a tree will be planted on behalf of the investor and the investor will receive an e-certificate from HDFC MF, which has tied up with Grow-Trees.com for the social cause.
“Our #NurtureNature initiative of planting trees on behalf of investors’ commencing SIPs is aimed at helping investors create wealth while contributing to a greener future. We also want to encourage digital on-boarding which brings convenience to investors while supporting the environment,” Navneet Munot, MD & CEO, HDFC Asset Management Co Ltd, said.
