Join Courses
Attend Webinars
Get Free Counselling
  • Select Language
    • Hindi
    • Bengali
+91 9903 222 555
Elearnmarkets - Financial Market Learning
Join Courses Of Elearnmarkets
  • Basic Finance
  • Technical Analysis
  • Fundamental Analysis
  • Derivatives
  • Financial Planning
  • Miscellaneous
No Result
View All Result
  • Basic Finance
  • Technical Analysis
  • Fundamental Analysis
  • Derivatives
  • Financial Planning
  • Miscellaneous
No Result
View All Result
Elearnmarkets - Financial Market Learning
Home Basic Finance
investing with rs 500

Investing with Rs. 500: Learn the top 5 ways of doing it

Elearnmarkets by Elearnmarkets
March 29, 2019 - Updated on November 18, 2020
Reading Time: 6min read
0
2.6k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Bengali: এই ব্লগটি এখানে বাংলায় পড়ুন।

Hindi: आप इस लेख को हिंदी में भी पढ़ सकते है|

Start early and invest regularly.

No matter how small your amount of saving or investment may be, but you need to start as early as possible. This process will help you in the preparation of financial planning to reach your life’s goals.

Table of Contents
Start a Systematic Investment
Buy a Share of a Company
Start a Recurring Deposit (RD) Account
Invest in a Book
Educate Yourself
Key Takeaways

Remember,

The journey of thousand miles begins with a single step.

When I was in college , I used to seek ways to accumulate money and try to invest in various ways. Even though I could save Rs 500 a month, I would make sure to invest it regularly.

In this blog, I have noted down the top 5 investing options, with a saving of Rs 500 a month that gave a cushion to my future goals.

1. Start a Systematic Investment

The idea behind this category is to develop a habit of saving and investment.  Systematic Investment Plan (SIP) is basically an investment in a mutual fund scheme and one of top ways for investing with Rs 500

However, there are certain facts that you must know before investing in a mutual fund.

There is a high probability your money will grow because these funds are managed by professional fund managers.

It can be started with as low as Rs 500/-. In case you wish to start it right away, you may go through the our detailed explanation on 2 Steps Checklist on starting Systematic Investment Plan (SIP)

One of the most important benefit of starting early is the power of compounding. We have listed below few some mutual fund schemes on which you may research and invest.

  • HDFC small cap fund
  • DSP mid cap fund
  • HDFC mid cap opportunities fund
  • Aditya Birla Sun life Equity Fund
  • ICICI Prudential Equity and Debt Fund

Note: None of the above-mentioned funds are suggested to be invested by us. They are mere examples for you for giving an idea of the various mutual fund schemes available to invest.

2. Buy a Share of a Company

I know what you must be thinking, what will happen if I buy just one share of a company?

More than anything else, it will motivate you to follow and learn the stock markets. Once you have pooled in your money in something, it will drive you to learn more about the financial market.

Learn how to invest in Share Market with Rs 5000 for Free by Market Experts

Tracking news about markets and companies, understanding how they work is a must-have skill, if you want to make money from the markets. I think investing with Rs 500 in shares and earning through is itself a great use of small amount.

3. Start a Recurring Deposit (RD) Account

In case you are able to save 500 rupees every month but you are not interested in stock markets. If you feel it’s too risky, you can start a recurring deposit account in a bank or post office. That way your money will grow and remain safe at the same time.

Almost all banks in India provide recurring deposit account services.

Know the investment tools you can invest to obtain your financial goals with the help of Kredent Money App.

Instructions to open a recurring deposit account are mentioned on each bank’s websites. It’s easy and hassle-free investment account.

The interest rate varies between 6-8% which is again better than lying the funds ideal at home.

4. Invest in a Book

Well, reading is a great habit. Developing reading habit can be immensely beneficial going forward. You gain great knowledge, develop different perspectives about a lot of things, you become confident. Most successful people share this common trait of great reading habit.

Nothing can be a better investment than investing in yourself. So if you are not ready for the above options, you may always invest in reading new books.

Elon Musk, founder of SpaceX and Tesla used to be a voracious reader when he was a kid. He later on went on say in interviews that some books really inspired him early on to do what he is doing today.

Watch this video to learn about the top 10 strategies for Share Market

5. Educate Yourself

Another way of investing is educating yourself by taking up short term finance courses online.

Due to easy accessibility to the internet, nowadays there are lot of learning options online. You can use this money to buy a course and learn a new skill you are interested in it. It could be anything of your choice.

Key Takeaways

  • The amount of money does not matter much, but starting early matters a lot.
  • Starting SIP will you higher interest as compared to investment in RD’s.
  • In case you are not ready for any investments, you can always enrich yourself with knowledge in terms of reading and taking up small online courses.

Happy Learning!

Tags: basicenglishinvestment planningrecurring depositSIPstock market
Share25TweetShare
Subscribe To Updates On Telegram Subscribe To Updates On Telegram Subscribe To Updates On Telegram
Previous Post

Government Infra thrust to drive Real Estate

Next Post

NR4 and NR7 Trading Strategy Setup

Elearnmarkets

Elearnmarkets

Elearnmarkets (ELM) is a complete financial market portal where the market experts have taken the onus to spread financial education. ELM constantly experiments with new education methodologies and technologies to make financial education effective, affordable and accessible to all. You can connect with us on Twitter @elearnmarkets.

Related Posts

Basic Finance

Performance of Stock Market 2020 and Expectations in 2021

January 19, 2021 - Updated on January 20, 2021
366
Financial Planning

Fund Manager – Why & How to choose the right Fund Manager?

December 29, 2020
602
Basic Finance

Retail Trading Benefits – Why to opt for Retail Investing?

December 24, 2020 - Updated on December 26, 2020
723
Basic Finance

Digital Gold Investment – How to Invest in Gold during Covid?

November 7, 2020 - Updated on January 15, 2021
2.6k
Next Post
778_ELM_Blog Image (5)

NR4 and NR7 Trading Strategy Setup

Everything you need to know about Bin Codes

Bank Identification Number (Bin Codes) - A Comprehensive Guide

778_ELM_Blog Image_02 (9

How will Elections 2019 affect the Stock Market?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Download App

Register on Elearnmarkets

Continue your financial learning by creating your own account on Elearnmarkets.com

Register Free Account

GET ARTICLES ON EMAIL

Enter your email address:

Categories

  • Banking
  • Basic Finance
  • Bonds & Fixed Income
  • Budgeting & Savings
  • Capital Markets
  • Charts
  • Charts, Patterns & Indicators
  • Commodity, Currency & FOREX Market
  • Derivatives
  • ETFs & Mutual Funds
  • Financial Planning
  • Financial Statement Analysis
  • Fundamental Analysis
  • Macroeconomics
  • Market Analysis
  • Market Updates
  • Market Wrap
  • Marketshala
  • Miscellaneous
  • Open Interest
  • Personal Wealth
  • Retirement Planning
  • Sector Analysis
  • Tax Planning
  • Technical Analysis
  • Trading Terms, Rules & Strategies
  • Visit Elearnmarkets
  • Courses
  • Webinars
  • Financial Guides
  • Get Free Counselling

© 2020 Elearnmarkets All Rights Reserved

No Result
View All Result
  • Article Categories
  • Basic Finance
  • Derivatives
  • Financial Planning
  • Fundamental Analysis
  • Market Analysis
  • Miscellaneous
  • Technical Analysis
  • Select Language
    • Hindi
    • Bengali
  • Learn finance
  • Browse Courses
  • Webinars
  • Free Guides
  • Get Free Counselling

© 2020 Elearnmarkets All Rights Reserved

Republic Day Offer

Visit Elearnmarkets.com to view the offer