Best SIPs to invest just Rs.500 | Fusion - WeRIndia

SIPs are Systematic Investment Plans. In these plans, one invests small amounts of money every month. This amount can be as small as Rs.500 based on the choice of investor. The advantage of the SIPs is that they give more returns than bank deposits. SIPs also offer better tax efficiency than bank deposits. Here are some of the best SIPs in India that you can invest in. These plans have good ratings and a great track record.

SBI Blue Chip Fund

SBI Blue Chip Fund is considered to be one of the best large cap funds. It is a trustworthy and highly rated fund. In the last three years, the plan gave returns of 27.80 per cent. One can invest a small sum of Rs.500 per month in the scheme. The net asset value for this SIP is Rs.32.52.

Reliance Top 200 Fund – Retail Plan

This is another top rated SIP. For this plan, one can invest a very small amount of just Rs.100. The fund generated returns of 26.27 on an average each year, in the last three years. The net asset value is Rs.26 for this fund.

SBI Magnum Equity Fund

This is also a great fund which gave good returns. One can invest just Rs.500 in the scheme. Its net asset value is Rs.85. In the last three years, it gave returns of 23 per cent.

JP Morgan India Equity Fund

This fund also gave returns of 23 per cent in the last 3 years. The fund requires investment of Rs.1,000. Net asset value of the fund is Rs.24.92.

ICICI Prudential Focused Bluechip Equity

It gave returns of 21 percent in the last three years. You can invest just Rs.500 in this SIP. It has an NAV of Rs.32.00.

Invesco India Growth Fund

This fund can also be invested with just Rs.500. It gave returns of 24 per cent in the last three years.

Image Credit: Joegoauk Goa / CC BY-SA 2.0

Image Reference: https://www.flickr.com/photos/joegoauk73/31645594121