Investing Advice: Learn how to calculate the amount you may make by starting with only Rs 500 and working your way up to thousands of rupees

Investing Advice: Learn how to calculate the amount you may make by starting with only Rs 500 and working your way up to thousands of rupees

Investing Advice: Learn how to calculate the amount you may make by starting with only Rs 500 and working your way up to thousands of rupees

Investment Advice: There are several plans that allow you to begin investing with as little as Rs 500 and grow your corpus to thousands of rupees. Learn about a few of these programs here:

Investment Advice: When the term "investment" is used, most people assume that enormous sums of money are being discussed. However, you do not have to make a large financial investment. Anything may be invested, depending on your income. It is essential that you maintain this investment for an extended period of time. Try to maintain a growth in your assets in addition to your income. With a few different plans, you may start investing with as little as Rs 500 and grow your capital to millions of rupees. Learn about a few of these programs here:

SIP

Sip

SIP allows you to invest in mutual funds. SIP is dependent on the market, however, and the market is seen as hazardous. However, SIP has shown very strong returns over the last several years. This explains why SIP's popularity has also been rising quickly during the last several days. SIP is thought to provide an average return of 12% by experts. In these circumstances, SIP provides long-term profitable returns for investors. The benefit is that you may adjust your SIP investment amount at any moment to suit your needs. Your profit rises even more as a result.

If you invest even Rs 500 a month in a SIP at a 12 percent interest rate, you may withdraw Rs 2,52,288 as maturity at a 15-year period. Additionally, the maturity amount will be Rs 4,99,574 after 20 years.

ppf

Ppf

PPF, also known as the Public Provident Fund, might be a wise investment if you're looking for safety. This is a government plan where you may start investing with as little as Rs 500. An annual minimum investment of Rs 500 is required. You may profit from compound interest at a rate of 7.1 percent with this program. This plan will mature in fifteen years. You would need to invest Rs 6000 a year even if you just deposit Rs 500 every month. The PPF calculator estimates that you would add Rs 1,62,728 with this in 15 years. On the other hand, if you carry out this plan for a further five years, you would have accrued Rs 2,66,332 after twenty years.

SSY

It is also possible for fathers of daughters to participate in the Sukanya Samriddhi Yojana. The government is in charge of this program to protect daughters' futures. With this program, an annual investment of up to Rs 1.50 lakh and a minimum of Rs 250 may be made. Currently, this strategy offers interest at an 8.2 percent rate. The system matures in 21 years, and investments must be made for 15 years. In 15 years, your total outlay would be Rs 90,000 if you spend even Rs 500 per month in this plan. Between the ages of 15 and 21, you won't make any investments, but interest will still be added to your money at a rate of 8.2 percent. You will get Rs 2,77,103 upon maturity.

Road Post Office

Post office 

A better choice is also Post Office RD. For five years is the post office RD. It now has interest applied to it at a rate of 6.7%. With only Rs 100, you may begin investing in Post Office RD. On the other hand, your total investment would be Rs 30,000 if you deposit Rs 6000 a year at the rate of Rs 500 per month. You will get interest of Rs 5,681 on this amount. You will receive Rs 35,681 at maturity.