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Mutual Funds
5 Golden Rules of Mutual Fund Investing for First-Timers
Start SIP With 500 Per Month
Do you want to invest in mutual funds, but not with a lump sum? Well, then you’ve come to the right page. Start a systematic investment plan with as little as Rs. 500, and reap the benefits of the mutual fund economy indirectly. A SIP is an ideal investment if you want to invest smaller amounts and don't want to spend much time researching suitable mutual funds to invest in.
The Moneyfy portal brings you a ripe assortment of SIPs that you can compare and apply for online. Our instant and utterly paperless application process invests your money in the SIP of your choice. By investing funds in this low-risk instrument each month, you inculcate financial discipline while earning significant returns in the long run.
Whether you want to invest in this instrument for a few months or several years, the filters on the Moneyfy portal can help you do so. You can also compare the historical returns of the SIPs you wish to purchase and pit them against one another to see which one has been offering higher returns - all this with the help of our web portal. Once you're satisfied, click on 'Invest Now' to purchase the desired systematic investment plan.
To get Started on your investment journey
Choose from 30+ AMCs to invest in
Make your investment through our most trusted asset management companies
SBI Mutual Fund
No. of funds
78
AUM
₹12,60,660 Cr
Highest Returns
32.04%
ICICI Prudential Mutual Fund
No. of funds
104
AUM
₹11,16,669 Cr
Highest Returns
34.17%
HDFC Mutual Fund
No. of funds
84
AUM
₹9,35,534 Cr
Highest Returns
34.63%
Nippon India Mutual Fund
No. of funds
91
AUM
₹7,04,247 Cr
Highest Returns
35.3%
Kotak Mahindra Mutual Fund
No. of funds
91
AUM
₹5,83,123 Cr
Highest Returns
31.7%
Aditya Birla Sun Life Mutual Fund
No. of funds
109
AUM
₹4,43,743 Cr
Highest Returns
34.29%
Why Choose Moneyfy to Start SIP?
Portfolio In A Click
Monitor your portfolio in just a single click. Have access to all your investments on your fingertips!
Proactive Investing
We give you the tools to invest in a proactive and responsible manner. Use our comparison and scanner tools to search & filter products.
Hassle-Free Journey
Say goodbye to monthly SIP reminders. Enable Auto Pay and grow your wealth hassle-free.
Here to assist you
Have any queries? Call us at 1860 266 1996 for quick support services.
Secure and Safe
With strong digital protocols and authorization, investments are completely secure on our Moneyfy platform.
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FAQs on Start SIP With 500
view allCan I start SIP with Rs. 500?
You can start an SIP with Rs. 500 per month. The Moneyfy portal provides a variety of SIPs that you can explore and apply for online. The application process is quick, completely digital, and helps you invest in the fund of your choice.
Which SIP is best for beginners?
For beginners, it's important to choose a SIP that matches your financial objectives and risk tolerance. Look at the fund's performance over the last 3, 5, or 10 years, considering factors like returns, fund management, and risk levels before investing.
Which SIP is best for 5 years with Rs. 500?
When investing for a 5-year period, evaluate SIPs based on their past performance across different timeframes - 3, 5, and 10 years. Consider funds that have consistently provided stable returns while aligning with your investment objectives and risk profile.
How to Start SIP Investment with Rs. 500 on Moneyfy
To start an SIP investment with Rs. 500 on Tata Capital Moneyfy, log in to the Moneyfy app using your MPIN and complete the KYC process. Select your preferred mutual fund, click on it, and set up the SIP by choosing the investment amount (Rs. 500 or more) and the SIP date. That's it!
Is a monthly investment of Rs. 500 sufficient for Mutual Fund SIP?
Investing Rs. 500 per month in an SIP is a great way to start. While it may not generate large returns immediately, consistent investments and compounding can help grow wealth over time. You can increase the amount later based on your financial goals.
Is it Safe to Start SIP with Rs. 500?
Starting an SIP with Rs. 500 is safe, provided you invest in SEBI-registered mutual funds. SIPs are a disciplined and low-risk way to invest, helping you benefit from rupee cost averaging and long-term market growth.
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