Best Mutual Funds To Invest With ?500
SIPs in mutual funds are one of the best ways to invest for several reasons. One of the key advantages is that there is no cap on the investment amount; you can start with as little as ?500.?
This makes SIPs an ideal option for beginners and those who want to invest consistently without a hefty initial commitment. Let’s look at some of the best mutual funds to invest with ?500 based on 3-Y annualised returns.?
Top Mutual Funds To Invest With ?500?
Here are some of the top-performing mutual funds where you can invest with as less as ?500 based on their 3-year annualised returns -
|
Fund Name |
Category |
3 years Annualised Returns |
|
SBI PSU Direct Plan Growth |
Equity/Thematic |
32.37% |
|
Invesco India PSU Equity Fund Direct Growth |
Equity/Thematic |
30.78% |
|
Motilal Oswal Midcap Fund Direct Growth |
Equity |
29.69% |
|
Franklin Build India Direct Fund Growth |
Equity |
29.00% |
|
Franklin India Opportunities Direct Fund Growth |
Equity |
28.63% |
Overview of the Top Mutual Funds to Invest With ?500
SBI PSU Direct Plan Growth
- 3-Y annualised returns: 32.37%
- AUM: ?4,149.45Cr
- Expense Ratio: 0.95%
- Asset Allocation
- Equity: 94.1%
- Cash: 5.8%
- Debt: 0.1%
Invesco India PSU Equity Fund Direct Growth
- 3-Y annualised returns: 30.78%
- AUM: ?1,046.74Cr
- Expense Ratio: 0.94%
- Asset Allocation
- Equity: 99.0%
- Cash: 1.1%
Motilal Oswal Midcap Fund Direct Growth
- 3-Y annualised returns: 29.69%
- AUM: ?23,703.68Cr
- Expense Ratio: 0.68%
- Asset Allocation
- Equity: 71.1%
- Cash: 18.8%
- Debt: 9.6%
Franklin Build India Direct Fund Growth
- 3-Y annualised returns: 29.00%
- AUM: ?1,982.52Cr
- Expense Ratio: 0.12%
- Asset Allocation
- Equity: 99.3%
- Cash: 0.7%
Franklin India Opportunities Direct Fund Growth
- 3-Y annualised returns: 29.25%
- AUM: ?1,982.52Cr
- Expense Ratio: 0.12%
- Asset Allocation
- Equity: 99.3%
- Cash: 0.7%
Conclusion?
Investing in mutual funds with as little as Rs 500 is feasible and a great way to start your investment journey. Consistent investing, compounded over time, can help you grow your wealth over time.?
Mutual Funds Selection Criteria for Top Mutual Funds Listed Above
These mutual funds are listed based on the 3-year annualised returns. The selection is arranged in descending order. It is important to note that 3-year returns in no way guarantees a mutual fund’s performance. However, it can be used as a criterion for shortlisting mutual funds from within a category. Investors should recognise that other factors, such as financial health, management efficiency, and market trends, play crucial roles in determining the actual success of an investment.?
This mutual fund selection should not be construed as investment advice/recommendations/offer/solicitation of an offer to invest in any mutual funds by Groww Invest Tech Pvt. Ltd. (formerly known as Nextbillion Technology Pvt. Ltd.).