7 Best SIPs Where You can Invest Small Amounts Of Rs 500

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Systematic Investment Plans (SIPs) allow you to invest small amounts each month, which can be as small as Rs 500. These SIPs have given returns more than bank deposits in the last 3 years and offer you better tax efficiency than bank deposits.

Here are some of the SIPs, which are rated well, have a solid track record of returns and where you can invest a little amount every onth.

SBI Blue Chip Fund

This is one of the best performing large cap funds. It has given returns of 27.80 per cent in the last three years, thus beating returns of bank deposits.

You can invest a small sum of as little as Rs 500 per month in the scheme by way of SIP in SBI Blue Chip Fund.

The net asset value under the growth plan is Rs 32.52.

Reliance Top 200 Fund - Retail Plan

You can invest in the Reliance Top 200 Fund - Retail Plan, with a small sum of Rs 100. This fund has generated a superb returns of 26.27 on an average each year, in the last three years.

The net asset value under the growth plan is Rs 26

SBI Magnum Equity Fund

SBI Magnum Equity Fund is another fund that has given good returns. The fund has generated a returns of 23 per cent in the last thee years. This again is almost double the returns generated by bank deposits.

You can invest a small monthly sum of Rs 500 in the scheme. The net asset value of the fund is Rs 85.

Good solid portfolio

Reliance Focused Large Cap Fund currently has an NAV of Rs 25.63. You can invest in the fund with a small sum of Rs 500. The fund has given returns of near 23 per cent in the last three years.

Reliance Focused Large Cap Fund has good holding including stocks like HDFC Bank and Larsen and Toubro

 

JP Morgan India Equity Fund

This is another fund that has generated returns of 23 per cent in the last 3 years. You can invest in the scheme with as little Rs 1,000. The fund has large holdings in HDFC and HDFC Bank.

The NAV of the fund is Rs 24.92.

ICICI Prudential Focused Bluechip Equity

This is another fund where you can invest with a small sum of as little as Rs 500. The fund has generated a returns of as much as 21 per cent in the last 3 years.

The fund has top holdings in HDFC Bank and ICICI Bank.
ICICI Prudential Focused Bluechip Equity has an NAV of Rs 32.00.

Invesco India Growth Fund

This is a fund, where you can invest small amounts through SIP of Rs 500. The fund has a solid portfolio including the likes of HDFC Bank, ITC and Maruti Suzuki.

The fund has generated a returns of 24 per cent on an average for the last three years, each year.

Read more about: sips
Story first published: Monday, September 12, 2016, 6:29 [IST]
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