India launches $3 monthly mutual fund plan to boost inclusion

India announced low-cost mutual fund plans starting at ₹250 ($3) per month, designed to make stock market investing accessible to low-income households and first-time investors. The initiative, part of a broader financial inclusion push, seeks to expand retail participation and promote long-term savings through regulated, transparent channels. Officials said the move could bring millions of new investors into India’s capital markets, supporting inclusive wealth creation and deepening domestic financial literacy.