Learn how to begin your investment journey with just ₹500 and gradually increase your investments over time
One of the biggest myths about investing is that you need a large amount of money to start. The truth is, you can begin your wealth-building journey with as little as ₹500 per month through Systematic Investment Plans (SIPs). Here's how to start small and grow your investments over time.
Key Insight: Starting with a small amount helps you develop the habit of regular investing without straining your budget.
Let's see how a small ₹500 monthly SIP can grow over time with the power of compounding:
*Assuming 12% annual returns. Past performance doesn't guarantee future results.
Begin your SIP journey with the minimum amount. This helps you get comfortable with the process and builds the habit of regular investing.
Once you're comfortable and see your money growing, double your SIP amount. This is usually easier after you've received a salary increment.
As your income grows and you become more confident about investing, gradually increase your SIP amount to accelerate wealth creation.
Once your total SIP amount reaches ₹5,000 or more, consider spreading it across 2-3 different types of mutual funds for better diversification.
*Assuming 12% annual returns
Remember, the best time to start investing was yesterday, the second-best time is today. Don't let the small amount discourage you – every rupee invested today is a step towards your financial freedom tomorrow.