Invest With Rs 500 in Mutual Funds SIP and Lumpsum
One of the primary benefits of mutual funds is the option to invest via Systematic Investment Plan (SIP).
SIPs in mutual funds provide an investor with diversification while also providing the benefits of rupee cost averaging.
To know more about rupee cost averaging, please visit: What is rupee cost averaging?
Many investors look for options to invest in schemes with a minimum investment of Rs 100 and Rs 500. We have covered Rs 100 mutual funds before here: Mutual Funds with minimum Rs 100 SIP.
In this article, we will have a look at the top performing mutual funds with a minimum SIP of Rs 500:
Note: The list comprises mutual fund schemes in descending order of 3 year returns. This is in no way a recommendation that historical returns should be considered foremost before making any investment.
Best mutual funds for SIP Rs 500
Axis Small Cap Fund
| Time period | 1 Month | 1 Year | 3 Year |
| Return* | 0.97% | 77.34% | 35.80% |
To know more about the fund, click here: Axis Small Cap Fund
ICICI Prudential Small Cap Fund
| Time period | 1 Month | 1 Year | 3 Year |
| Return* | 1.73% | 96.91% | 34.61% |
To know more about the fund, click here: ICICI Prudential Small Cap Fund
SBI Small Cap Fund
| Time period | 1 Month | 1 Year | 3 Year |
| Return* | 4.40% | 77.50% | 31.31% |
To know more about the fund, click here: SBI Small Cap Fund
Nippon India Small Cap Fund
| Time period | 1 Month | 1 Year | 3 Year |
| Return* | 1.63% | 98.39% | 31.23% |
To know more about the fund, click here: Nippon India Small Cap Fund
Axis Midcap Plan
| Time period | 1 Month | 1 Year | 3 Year |
| Return* | 1.63% | 65.64% | 30.79% |
To know more about the fund, click here: Axis Midcap Plan
Nippon India Growth Fund
| Time period | 1 Month | 1 Year | 3 Year |
| Return* | 1.92% | 79.20% | 29.49% |
To know more about the fund, click here: Nippon India Growth Fund
DSP Midcap Fund
| Time period | 1 Month | 1 Year | 3 Year |
| Return* | 0.60% | 51.97% | 26.35% |
To know more about the fund, click here: DSP Midcap Fund
Tata Large & Mid Cap Fund
| Time period | 1 Month | 1 Year | 3 Year |
| Return* | 0.53% | 54.04% | 24.66% |
To know more about the fund, click here: Tata Large & Mid Cap Fund
*as on October 28, 2021
This was the list of best mutual funds for monthly SIP of Rs 500. It is important to note that to find out the “best” plan, there is no one metric. Instead, investors should know their goals, risk appetite, financial status, time horizon, short and long term needs etc. and decide on the investment accordingly.
Happy Investing!
Disclaimer: The content presented here is only for educational and informational purposes. It is not intended to be advice on what to buy or sell.
To read the RA disclaimer, please click here.
