I just started working and want to start investing in mutual funds. What is the minimum amount I can start investing with?
AskedThe minimum amount needed to invest in mutual funds is very low. You can start investing in SIP (Systematic Investment Plan) with an amount of Rs. 500 only.
The biggest advantage of mutual funds is that investors can start with a very low amount and investment is managed by professional fund managers. However, the amount that you are planning to invest is dependent on your financial planning and wealth management goals.
The following are the steps you should consider before investing in mutual funds:
1) The first step is to set a financial goal.
2) How much amount you can accumulate to invest
3) Understand your risk appetite. Choose the category of funds which meets your risks and returns criteria.
We would suggest you to go through the below links:
Mutual Funds to get started with just Rs 500
Mutual funds to invest with just Rs 1000
Risks and Returns are directly proportional to each other. SIP also involves market linked risks that are certainly higher for equity funds and lower in balanced and debt funds. The risk exposure in SIP depends on the investment option and its risk profile and liquidity. However, the risk in SIP is reduced by the fund managers and fund house by applying diversification in portfolio.
Also consider the below portfolios for investment :
The best thing about mutual funds is that you can start with very small amounts. Most of the mutual funds allow you start with as low as Rs 500 or Rs 1000. Check out this two posts with list of some good mutual funds to get started with small amounts
Mutual Funds to get started with just Rs 500
Mutual funds to invest with just Rs 1000
Also check out these portfolios with low minimum
The best thing about mutual funds is that you can start with very small amounts. Most of the mutual funds allow you start with as low as Rs 500 or Rs 1000. Check out this two posts with list of some good mutual funds to get started with small amounts
Mutual Funds to get started with just Rs 500 - https://groww.in/blog/mutual-funds-rs-500/
Mutual funds to invest with just Rs 1000 - https://groww.in/blog/mutual-funds-rs-1000/
Also check out these portfolios with low minimum