Can I start with ₹ 500, and keep adding?

The popular investment concept for creating wealth is ‘Start Early. Invest Regularly. Stay invested for Long Term’. Even if the investment is as low as ₹ 500, it is important as it marks the beginning of a journey.

There are several ways to increase investments amounts as you go. In a mutual fund scheme, you can always make additional purchases in the same fund/account. In many fund houses, this can be for amounts as low as ₹ 100 or money can be transferred or switched in from other schemes. You can start a Systematic Investment Plan (SIP), which enables a regular investment into a scheme, much like a bank recurring deposit. Also, many AMCs allow their investors to increase their SIP contribution gradually every year, so as to account for an annual salary or income rise.

Mutual Funds , with their flexibility and convenience are the ideal investment vehicles in today’s busy world.