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Can You Really Start Investing With ₹500 a Month?
['Nagpur News']
Nagpur Today : Nagpur News
Many mutual funds allow you to begin investing through a Systematic Investment Plan (SIP) with as little as ₹500 a month.
Curious about what a ₹500 monthly investment could potentially grow into over time?
This blog explains how to start investing with ₹500, how to use an SIP calculator, and the common mistakes to avoid before getting started.
● How to Begin Investing ₹500 a Month?
Monthly SIP Investment Period Expected Return Total Investment Estimated Corpus* ₹500 5 Years 12% ₹30,000 ₹41,243 ₹500 10 Years 12% ₹60,000 ₹1,16,170 ₹500 15 Years 12% ₹90,000 ₹2,52,288 ₹500 20 Years 12% ₹1,20,000 ₹4,99,574 ₹500 25 Years 12% ₹1,50,000 ₹9,48,818Think of ₹500 as your first step rather than your final investment amount.