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The best thing about mutual funds is that they enable you to invest with very small amounts. There is no other way you can invest with reasonable diversification with an amount as low as Rs 1000. SIP (Systematic Investment Plans) of a lot of mutual funds allow min investment with just Rs 1000.

So if you want to invest 1000 Rupees monthly, explore the funds mentioned below.

Now coming to the topic: Best mutual funds to invest with Rs 1000. Well, first a disclaimer – there is nothing like the best plan. Or it is impossible to find the future best plan because past performance does not guarantee any future returns. So there are two strategies for investing 1000 per month.

  1. The First strategy can be that you choose two mutual funds to invest with Rs 500 as per your need and requirement and start investing.
  2. The other can be you start with one single scheme of Rs 1000.

But before investing, the most important criteria to consider is the purpose of investment. 

Based on the purpose we can figure out the mutual fund category that will suit this purpose. The second question then remains – which mutual funds to invest with Rs 1000? 

The following are some funds where you can invest 1000 per month.

Parking your cash

Multiple funds portfolio

If your goal is to park your surplus cash, you can either consider a liquid fund or an ultra short-term fund. Check out a portfolio of two scheme with Rs 500 SIP each- The portfolio consists of two schemes wherein one is a Liquid Fund and other is an Ultra Short Term Liquid Fund.

Single Fund portfolio

The other option can be a single scheme of Rs 1000 SIP. Here are some popular scheme with minimum SIP of Rs 1000

FundsType
ICICI Prudential Money Market FundLiquid
Axis Liquid FundLiquid
Reliance Money Manager FundUltra Short Term
ICICI Prudential Flexible Income PlanUltra Short Term

Saving for short-term

Multiple funds portfolio

If your goal is to save for a short-term goal like buying a car or buying a house within 3 years, short-term debt funds are good.Check out a portfolio of two scheme with Rs 500 SIP each

Single Fund portfolio

However, there are many Short Term Debt funds that allow SIP of Rs 1000. Here they are:

FundsType
L&T Short Term Opportunities FundShort Term Debt
Kotak Banking & PSU Debt FundShort Term Debt
HDFC Short Term Opportunities FundShort Term Debt

Balanced funds

Multiple funds portfolio

It is ideal for someone looking to invest with moderate risk where you get the benefits of equities as well as debt. Equities offer capital appreciation while debt securities offer regular income and have a lower risk when compared with equities. Check out a portfolio of two scheme with Rs 500 SIP each

Single Fund portfolio

Alternatively, here are some  SIP in mutual funds to invest with Rs 1000

FundsType
ICICI Prudential Balanced Advantage FundHybrid Equity (Balanced)
HDFC Balanced FundHybrid Equity (Balanced)
ICICI Prudential Balanced FundHybrid Equity (Balanced)

Diversified funds for long-term

Multiple funds portfolio

Diversified funds invest in all types of companies irrespective of their size and market cap. The fund manager can generate better risk-adjusted returns.Check out a portfolio of two scheme with Rs 500 SIP each

 

Single Fund portfolio

However, For SIP there are many good mutual funds to invest with Rs 1000

FundsType
HDFC Capital Builder FundDiversified Equity (Multi-Cap)
Motilal Oswal Most Focused 35 FundDiversified Equity (Multi-Cap)
Aditya Birla Sun Life Advantage FundDiversified Equity (Multi-Cap)

Equity Funds with Rs 1000 SIP

Multiple funds portfolio

The Funds which Invest majorly in equities as per their category like a Large-Cap Scheme will invest in Large-Cap Securities. One can start with Rs 1000 and learn while investing.

Single Fund portfolio

Alternatively, there are some popular Equities Funds which allow you to start a SIP of Rs 1000

FundsCategory
Mirae Asset India Opportunities FundLarge Cap
Birla Sun Life Top 100 FundLarge-Cap
ICICI Prudential MidCap FundMid Cap
Motilal Oswal Most Focused MidCap 30 FundMid Cap
Kotak MidCap FundMid Cap
Kotak Emerging Equity SchemeSmall Cap

Conclusion

For a beginner, it’s better to start with Rs 1000 and invest in two schemes so that he can learn while investing. If you invest 1000 in the above funds, you’re off to a good start as an investor. The following portfolio is a mix of debt and equity scheme and is more like a balanced fund.

Disclaimer: All data is as on the date of publishing (June 22, 2017)

 

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