Thread by @Kiran24Rajput

Finished watching 'Bad Boy Billionaires', if Saharasri Subrata Roy gets 6 Cr individual investors to invest in his 'Chit Fund'..

.. what stops @MFSahiHai @NileshShah68 to get these daily wagers & lower middle-class to invest in Legit SIP?

Lets Understand, Thread 👇

2. For any Indian Individual to start an SIP, he or she required the following:
1. Money - min Rs 500/ month
2. Bank Account
3. PAN
4. Internet Skills
5. Bit of knowledge

3. Most of these labours, lower middle-class have:
1. Money - easily afford Rs 100/ week
2. Bank Account - Courtesy Jan Dhan Yojana
3. Aadhaar Card

What they dont have?
1. PAN
2. Internet Skills
3. MF Knowledge

4. Resolution:
** PAN: If Aadhaar is there, is PAN required? Talk to regulators..

** Internet Skills & Info: Why spend billions (Rs) on ads hiring Cricketers?

Hire MF Sahi Hai Representatives (dont get worried by name, its Legit, wont sound like Sahara Agent 🙂)

5. Resolution..
These MF Sahi Hai Reps are spread across the country, reach out to the target audience who are highly exposed to Frauds - Chits, MLM, Pigmy & Beesi.

Take help of start-ups, to build a simple app to scan finger print & IRIS.

6. Resolution..

**Usage of UPI
**Cash Collection Points
**MF Sahi Hai Reps are business associates not employees
**More we can brainstorm

7. Benefits..

*Unbelievable growth in AUM
*Labours, Daily Wagers, Lower Middle class do get a better life
*Wipe-out Lower level Financial Fraud in this country
*Contribution to Economy
& the list goes on

@narendramodi @nsitharaman @SEBI_India