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Where can I invest a 5k per month?
By Balwant Jain, investment and tax expert
- You do not need big money to invest in mutual funds.
- You can invest ₹5,000 in the following schemes through monthly SIPs.
- Axis Blue Chip Fund ₹2,500.
- DSP Midcap Fund ₹2,500.
- SBI Small Cap Fund ₹2,500.
Is 5K a good amount to invest?
$5,000 is plenty of capital to start investing. All you need is a clear plan and a goal for your money. They say it takes money to make money—but they never say how much. If you find yourself with some extra cash, you might be surprised to learn how little it takes to turn your savings into significant returns.
Should you invest Rs 5000 per month for 20-30 years?
There is absolutely no need to keep investing just the originally decided amount of Rs 5000 per month for 20-30 years. Your income would increase every year. So your investments too should increase accordingly. Isn’t it? Just imagine what would happen if you decide to go for a Step Up SIP? An SIP that increases every year in line with your income.
Which is the best investment for 10 years in India?
Public Provident Fund: PPF is the most preferred investment product giving a return of nearly 8.7\%. If you invest Rs. 5000 per month, for a period of 10 years (i.e. a total investment of Rs. 6, 00, 000) the maturity value would be Rs. 9,40,979.
What is the maturity of 5000 rupees investment for 14 years?
If you invest Rs. 5000 every month, for 14 years the maturity amount will be a whopping Rs. 30,78,920 assuming the interest rate of 9.2\% applicable for the financial year 2015-2016. Even though you have to invest for 14 years, the account matures on completion of 21 years.
How much should I invest in SIP for 10 years?
And just notice this – If you invest Rs. 5000 per month via SIP for 10 years, you are actually just investing about Rs 6 lakh. But return you are getting is around Rs 12 lakh. It is double of what you originally invested over the 10-year period. And the longer you keep investing, the better the returns get!