TOP MUTUAL FUNDS WITH MINIMUM INVESTMENT RS 500

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INTRODUCTION

Mutual funds are the most profitable and easy investment methods that guarantee maximum returns. Basing on the respective SIPs, mutual funds can provide easy and reasonable benefits from deposits as low as 500 rupees. Basing upon the existing SIPs of various mutual funds, we can enlist the most beneficial mutual funds which guarantee maximum returns. Invest now on any of the mutual funds to get the maximum returns from a smaller amount which may be as low as 500 rupees.

A MUTUAL FUND FOR EVERY NEED

Different mutual funds that are available for the investors in the market have varying plans as per the requirements. We can assort the best mutual funds into several categories depending upon the purpose they cater to as under:

  • STALLING THE CASH

The types of funds which are meant to station the available cash are the liquid funds and ultra short term funds. These are the investments for short terms. The following are some of the top funds which are meant for the purpose:

  • ICICI Prudential Money Market Fund (Liquid Fund)
  • Axis Liquid Fund (Liquid Fund)
  • Reliance Money Manager Fund (Ultra short term fund)
  • ICICI Prudential Flexible Income Plan (Ultra short term fund)
  • SHORT TERM SAVINGS

These are a better alternative over taking a bank loan to accomplish short term goals due to their tax efficiency and can give high returns. The following are some of the mutual funds which allow investments of Rs. 500 or SIP of the same amount.

  • Indiabulls Short term fund
  • Reliance Banking and PSU Debt Fund
  • HDFC Banking and PSU Debt Fund
  • Franklin India Short Term Income Plan
  • BALANCED FUNDS

These mutual funds are meant for goals which are about 4 to 6 years away from the initial investment. These funds invest in a mixture of debt and equities which can be varied by fund manager. Reliance Regular Savings Fund allows investment of Rs. 500 in lump sum mode. The following funds allow SIP of Rs 500:

  • Franklin India Balance Fund
  • DSP BlackRock Balanced fund
  • SBI Magnum balanced Fund
  • Tata Balanced fund
  • UTI Balanced fund
  • LONG TERM DIVERSIFIED FUNDS

These are meant for the long term goals and offer a large investing period. The fund manager can make all the necessary adjustments so as to generate better returns. Quantum Equity FoF Fund allows a minimum investment Rs 500. The following are some mutual funds where investment can start from SIP of Rs 500:

  • Franklin India High Growth Companies Fund
  • SBI Magnum Multi Cap fund
  • Kotak Select Focus Fund
  • TAX SAVING MUTUAL FUNDS

Mutual Funds can also come handy to save the tax on your wealth. As per the rules, 1.5 lakhs of investments shall be tax free. One can invest in the following mutual funds allowing Rs. 500 investment (Lumpsum and SIP):

  • DSP BlackRock Tax Saver Fund
  • Reliance Tax Saver ELSS Fund
  • ICICI Prudential Long Term Equity Fund
  • Franklin India Taxshield
  • Axis Long Term Equity Fund
  • Birla Sun Life Tax Relief 96
  • EQUITY FUNDS WITH RS 500 SIP

The following mutual funds allow Rs 500 SIP:

  • Quantum Long Term Equity Fund –Large Cap
  • L&T India Value Fund – Mid Cap
  • Franklin India Smaller Companies Fund – Small Cap

CONCLUSION

Different mutual funds have different maturity periods which should be carefully noted. Lately, all the mutual fund companies are trying to lower the minimum investment so as to broaden the investments. Thus one can get high returns from a small investment quite easily.