6 Easy Ways to Start Investing with as Little as Rs. 500 | ABSLI (2024)

FAQs

6 Easy Ways to Start Investing with as Little as Rs. 500 | ABSLI? ›

You can start investing in mutual funds with a SIP of Rs. 500 per month. Here is a list of some of India's top diversified equity funds across market capitalizations. These funds are the highest-rated equity funds & are suitable for long-term investment horizons.

You can start investing in mutual funds with a SIP of Rs. 500 per month. Here is a list of some of India's top diversified equity funds across market capitalizations. These funds are the highest-rated equity funds & are suitable for long-term investment horizons.

If you have $500 that isn't earmarked for bills, that's enough to get started in investing. It may or may not feel like a fortune to you. But with the right investments, it can certainly be used to start one.

Start a Business

Starting a business is an excellent way to turn $500 into $10,000. You can start a side hustle or create your own business. Online businesses, small businesses, and home-based businesses are great options to consider. You can even create a website to promote your business and reach a wider audience.

Should I buy S&P 500 every month? ›

You can try to find another ETF that will beat the S&P 500, but doing so is difficult, and even professional money managers struggle to beat the broad-market index. Buying an ETF like the Vanguard 500 Fund and committing to investing in it every month is one of the easiest ways to build wealth that you'll find.

Investing $1,000 per month for 5 years through a systematic investment plan could have you end up with $83,156.62.

Time is your most valuable resource when investing, so getting started early is often more important than investing hundreds of dollars per month. With as little as $100 per month, it's possible to build an investment portfolio worth hundreds of thousands of dollars or more while minimizing risk.

Cash. A cash bank deposit is the simplest, most easily understandable investment asset—and the safest. It not only gives investors precise knowledge of the interest that they'll earn but also guarantees that they'll get their capital back.

It's extremely unlikely you'll earn 10% returns every single year, but the annual highs and lows have historically averaged out to roughly 10% per year over several decades. Over a lifetime, it's possible to earn over half a million dollars with just $100 per month.

Yes, you can start investing in stocks with Rs 500 as a beginner.

For example, if you are able to commit to investing $500 a month in an S&P 500 index fund like the Vanguard 500 Fund (NYSEMKT: VOO), you'll eventually have $1 million, and that includes paying the 0.03% expense ratio in the ETF, meaning you'll pay 3 cents each year for every $100 you have invested in the index fund.

Some experts recommend withdrawing 4% each year from your retirement accounts. To generate $500 a month, you might need to build your investments to $150,000. Taking out 4% each year would amount to $6,000, which comes to $500 a month.