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How can I save 500 rupees in a month?
Open a recurring deposit (RD) account You can simply open an RD account with a bank or a post office, and start investing Rs. 500 each month. The amount you invest will continue to earn interest over the period of investment.
Can I starts SIP with 500 RS?
Best large cap funds are the top rated large cap funds giving good returns. Schemes whose minimum SIP investment are starting from as low as Rs. 500. This scheme helps reduce the average cost per unit of investment through a method called Rupee Cost Averaging.
How to invest in mutual funds with minimum amount of Rs 500?
You can start investing in them for as low as Rs 500 per month, and the way to do this is a Systematic Investment Plan (SIP). There is no other way you can invest with reasonable diversification with an amount as low as Rs 500. SIP ( Systematic Investment Plan) of a lot of mutual funds allow minimum investment with just Rs 500.
How much do you need to start investing in mutual funds?
So you’ve decided to buy a mutual fund. But how much do you need to get started investing? And what are the minimum investment amounts? In many cases, you’ll need thousands of dollars to buy mutual funds. But in other cases, you can get started investing with mutual funds for $100 or less.
Is there a minimum investment for first-time investors?
Many mutual funds have a minimum investment for the first-time buyer. The threshold varies greatly by firm and type of fund. Funds that contain assets with lower expense ratios tend to set higher initial purchase thresholds. ETFs are another way to purchase a diverse range of funds at once without minimums.
Can I invest 500 rupees in a corporate bond fund?
Corporate bonds funds buy bonds issued by corporates/companies. If you have just started earning and are thinking can I invest 500 rupees in a mutual fund, the answer is definitely yes? The Rs 500 pitch works well with all investors but is a great way to bring new investors in the ambit.