HelpYourNGO launched the Systematic Giving Plan (SGP) - a first of its kind initiative in the world. SGP enables investors to contribute 10% of their investment with a Mutual Fund (MF) every year towards charitable causes vetted and monitored by us.
The idea to create a corpus which benefits NGOs was born out of our desire to create a steady stream of inflows for compassionate individuals doing yeoman service via NGOs. There are over 50 million folios in the MF industry today. If everyone was to sign up to a Rs 1,000 one-time contribution to an SGP (if not more!), this would result in a total corpus of Rs 5,000 crore from which 10% per annum, or Rs 500 crore per year could go to a multitude of NGOs selected by investors.
SGP was awarded the 'Best Social Impact Initiative' at the India Wealth Awards by AIWMI in 2018.
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