Where can I invest 5000 rupees monthly?
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.
What happens if you save 5000 a month?
If you can spare Rs 5,000 every month, start an SIP immediately in equity mutual funds. If your portfolio manages to offer an annual return of 12 per cent, you would be able to create a corpus of Rs 1 crore in 25.5 years. However, this is not an ideal way to invest.
What can I do with 5000 rupees?
Best Ways To Invest Rs 1000-5000 Every Month To Get Higher Return
- Recurring Deposits. The best way to invest in small amounts regularly is to look at recurring deposits.
- Monthly Income Plan (MIP)
- Systematic Investments Plan (SIP)
- Stock market.
- Monthly Income Scheme (MIS)
- Chit Funds.
Which is the best SIP plan to invest?
Best SIP Plans for the Year 2022
| Fund Name | Monthly Investment | 5 years Return |
|---|---|---|
| DSP Equity Fund | 5000 | 14.36\% |
| Franklin India Focused Equity Fund | 5000 | 15.78\% |
| HDFC Balance Advantage Fund | 5000 | 13.47\% |
| ICICI Prudential Bluechip Fund | 5000 | 15.69\% |
Which mutual fund is best for SIP in 2021?
Top Performing SIP Mutual Funds to Invest in Nov 2021
| Fund Name | Category | 1 Year Returns |
|---|---|---|
| Mirae Asset Tax Saver Fund | Equity Linked Tax Savings Fund | 46.10\% |
| Canara Robeco Equity Taxsaver fund | Equity Linked Tax Savings Fund | 47.00\% |
| UTI Nifty Index Fund | Index | 36.60\% |
| HDFC Index Nifty 50 fund | Index | 36.30\% |
Where do ELSS funds invest?
ELSS Mutual Fund. As the name suggests, Equity Linked Saving Scheme or ELSS is a type of mutual fund scheme that primarily invests in the stock market or Equity. Investments of up to 1.5 Lac done in ELSS Mutual Funds are eligible for tax deduction under section 80C of the Income Tax Act.
How can I invest in shares with Rs 5000?
Extra services: 15 Page 16 How to Invest In Shares With Only Rs.5000 Full-service brokers or discount brokers: If you are new to share markets, then it is advisable that you should go with a full-service broker. A full-service broker makes sure to advise you at each and every transaction you make in the stock market.
How to invest Rs 5000 a month in mutual funds?
You should divide your investment between a multi-cap scheme and a large-cap scheme. You may choose from the following schemes: Mahindra Mutual Fund Badhat Yojna, Motilal Oswal Muticap 35, DSP Midcap, Reliance Large Cap and Mirae Asset Large Cap. As Rs 5,000 is a modest contribution, you must hike your SIP investment by 10\% each year.
How many mutual funds should I invest in a sip?
If you wish to create a portfolio of mutual funds by investing in a SIP of 5000 per month, it’s suggested to have 1-3 funds. Going for more is not necessary.
How to start investing in mutual funds with mysiponline?
Today, with MySIPonline by your side, it’s time to vapour up the complexities involved in the mission of investing in mutual funds. Just start with a minimum amount of Rs 5000 per month, invest via SIP, and you’re sorted! Thinking where and how to make investment?
Is SIP the best way to create wealth for You?
The route of SIP investing can create a lot of wealth for you. 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.