Groww Logo
Home>Blog>Mutual Funds>How to Invest 100 RS in Mutual Funds

How to Invest 100 RS in Mutual Funds

16 March 2022

Seeking to tap a larger number of small investors, the industry is going all out with investment plans as low as Rs100 SIP in mutual funds list. 

With Rs 100 SIP mutual fund schemes, the mutual fund industry has taken the micro-SIP revolution to rural India, where even a daily wage earner can participate in India’s equity markets. With the entry-level of SIP at ₹ 100 per month, investors would be in a better position to use ‘rupee cost averaging’ as investments regularly spread over some time would result in the average cost per unit coming down. We will get into the details of what is an SIP and what is meant by rupee cost averaging later in this blog.

Disclaimer: Here is a Rs 100 SIP in mutual funds list below. We have picked the top returning (3-year) funds which allow a minimum SIP investment of Rs 100 per month. This is for information purposes only. This is in no way a recommendation that returns should be considered foremost before making any investment.

Equity Funds

ICICI Prudential Technology Direct Plan – Growth

Time Period 1 Month 1 Year 3 Year
Return 5.88% 45.92% 40.09%

For more information about the mutual fund, click here: ICICI Prudential Technology Direct Plan – Growth

Aditya  Birla Sun Life Digital India Fund Direct- Growth

Time Period 1 Month 1 Year 3 Year
Return 4.83% 38.02% 37.17%

For more information about the mutual fund, click here: Aditya  Birla Sun Life Digital India Fund Direct- Growth


Nippon India Small Cap Fund Direct- Growth

Time Period 1 Month 1 Year 3 Year
Return 0.87% 36.27% 27.59%

For more information about the mutual fund, click here: Nippon India Small Cap Fund Direct- Growth

 

Debt Funds

IDFC Dynamic Bond Fund Direct- Growth

Time Period 1 Month 1 Year 3 Year
Return -0.14% 6.37% 9.19%

For more information about the mutual fund, click here: IDFC Dynamic Bond Fund Direct- Growth

 

ICICI Prudential All Seasons Bond Fund Direct Plan- Growth

Time Period 1 Month 1 Year 3 Year
Return -0.27% 5.53% 9.05%

For more information about the mutual fund, click here: ICICI Prudential All Seasons Bond Fund Direct Plan- Growth

 

Nippon India Nivesh Lakshya Fund Direct- Growth

Time Period 1 Month 1 Year 3 Year
Return -0.62% 3.23% 9.01%

For more information about the mutual fund, click here: Nippon India Nivesh Lakshya Fund Direct- Growth

 

Hybrid Funds

ICICI Prudential Equity & Debt Fund Direct- Growth

Time Period 1 Month 1 Year 3 Year
Return 0.37% 27.17% 19.00%

For more information about the mutual fund, click here: ICICI Prudential Equity & Debt Fund Direct- Growth

 

ICICI Prudential Multi Asset Fund Direct- Growth

Time Period 1 Month 1 Year 3 Year
Return 1.00% 25.74% 17.78%

For more information about the mutual fund, click here: ICICI Prudential Multi Asset Fund Direct- Growth

 

ICICI Prudential Retirement Fund- Hybrid Aggressive Plan Direct- Growth

Time Period 1 Month 1 Year 3 Year
Return 0.13% 15.37% 14.97%

For more information about the mutual fund, click here: ICICI Prudential Retirement Fund- Hybrid Aggressive Plan Direct- Growth

This is not a comprehensive minimum Rs 100 SIP in mutual funds list

 

What is SIP?

Mutual funds come with the option of a Systematic Investment Plan (SIP). It is a way of investing money in mutual funds at regular intervals. Most famous frequency is monthly.  Rs 100 SIP, mutual fund schemes, make mutual funds approachable. With the benefit of rupee cost averaging, investing in mutual funds via the SIP mode becomes most favourable.

During volatile market situations such as right now, an SIP becomes a blessing in disguise for a common investor. More units of the subscribed fund can be purchased at the corrected/ lower price. Thereby investors get their units at a lower average cost and therefore, higher returns when the market situation improves.

Minimum SIP amount can be as low as Rs 100 so that maximum people can start investing in mutual funds. Here’s the list of top funds with a minimum SIP amount of ₹ 100.

What is Rupee Cost Averaging?

In literal terms, rupee cost averaging means when your investment can average the fluctuations in the cost of the rupee over a longer period and SIPs do that very efficiently.

When you invest in a mutual fund, a certain number of units gets credited to your mutual fund folio. The number of units that get credited is dependent on the NAV of the fund.

Example

SIP Month 1

Investment amount: Rs 100

NAV: Rs 20 per unit

Number of units for month 1: 5

SIP Month 2

Investment amount: Rs 100

NAV: Rs 10 per unit

Number of units for month 2: 10

Total number of units at the end of month 2: 15 units

Therefore, the number of units getting credited to your fund rises when the NAV falls—the value of your investment increases when the NAV increases. Thus, SIP helps to average out short term fluctuations over a long period.

Final Words

To be able to invest as low as Rs 100 per month is one of the most remarkable features of mutual fund investments. Keeping the minimum requirement low automatically expands the ambit. Those who fall under the economically lower rung circles, youngsters just entering the professional space or even students who depend on pocket money from parents can opt for mutual fund investments. SIPs for Rs 100, Rs 500 and Rs 1,000 per month are popular amongst various investor categories.

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
Do you like this edition?
LEAVE A FEEDBACK
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 3.1.1
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI