How can I invest my Rs 500 per month?

Where can I invest 500 rupees monthly?

5 SIPs Where You Can Invest Only Rs 500 Per Month

  • DSP Top 100 Equity Fund. DSP Top 100 Equity Fund has done well over the last few years. …
  • SBI Bluechip Fund. SBI Bluechip Fund is another fund that has performed well over the last few years. …
  • Nippon India Largecap Fund. …
  • Axis Bluechip Fund. …
  • ICICI Prudential Bluechip Fund.

Can I invest Rs 500 in stocks?

Invest in direct mutual funds

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.

Which investment is best for monthly income?

Best investment options to get a monthly income

  • NBFC Fixed Deposit: …
  • Post Office Monthly Income Scheme: …
  • Senior Citizen Savings Scheme: …
  • Long-term Government Bond: …
  • Equity Share Dividend: …
  • Annuity: …
  • Mutual Fund Monthly Income Plan:

Can I invest in SIP for 3 months?

For a short period of 3 to 6 months, you can either park your money in liquid mutual funds or ultra short term debt mutual fund. Liquid Mutual Funds usually invest in government securities and certificate of deposits of up to 3 months duration.

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How can I start investing with 500 RS?

Here’s what you can do with this seemingly small amount today, so you can turn it into a bigger amount over the years.

  1. Start a Systematic Investment Plan (SIP) …
  2. Invest in direct equity. …
  3. Open a recurring deposit (RD) account. …
  4. Save up for your daughter’s future with Sukanya Samriddhi Yojana.

How can I make 5000 a month?

The Atal Pension Yojana scheme was launched in 2015 for the benefit of employees in the unorganized sector who do not get a pension after their retirement. Anyone in the age group of 18-40 years are eligible to apply for this scheme and get a monthly pension up to Rs 5000.

Can I invest 100 RS in share market?

The answer to this question is “Definitely, Yes”. You can invest Rs 100 in share market. There are many shares in India whose share price is trading below Rs 100. … Therefore, you can buy one share of such stock whose current share price is below Rs 100.

How can I get monthly interest?

These steps can be followed to convert annual interest rate into monthly interest rate:

  1. The annual rate needs to be converted from percentage to decimal format (divide the rate by 100)
  2. Divide the annual rate (the decimal form) by 12.
  3. Multiply the annual rate with the interest amount to obtain the monthly rate.

Can I get monthly interest on FD?

Can we get monthly interest on Fixed Deposit? Yes, you can get monthly interest payouts, if you choose periodic payouts and select monthly frequency. When you invest your money in FDs, you gain interest on your principal amount, which can be obtained periodically.

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What is SBI monthly income plan?

State Bank of India’s (SBI) Annuity Deposit scheme is a type of fixed deposit that offers a fixed payout on a monthly basis for the tenure opted by you. As per SBI official website, a fixed amount is provided to the account holder in equated monthly instalments (EMIs).