As part of our Investor Education Initiatives at Corporates, we speak to a lot of employees. And one of the first questions that we ask is – How much money do you think you need to start investing every month?
And amusing as it may sound, the answer varies from a few thousands to a few lacs. Thanks to the TV commercials by AMFI on “Mutual Funds Sahi Hai”, some people now know the truth. All you need to start investing every month is Rs. 500. Yes, that is less than the cost of 1 dinner, 1 new dress or 2 movies!
Unlike big ticket investments like purchasing a house or gold, mutual funds are accessible to all kinds of investors. The initial investment amount for an SIP has been kept as low as Rs. 500 for a lot of funds just to democratize investing. So, it was never about the amount. A lot of us do not start investing only because either we are not aware or we tell ourselves – “Next week pakka!”
And just in case you want to know what the impact of starting to invest early is, read our other article here.
But now that you are aware of both the amount and benefits of early investing, visit us and drop in your details. We will reach out to you within 24 working hours to help you get started on your journey of getting rich!
Alternatively, feel free to reach out to us on +91 97693 56440 or email is on contact@cagrfunds.com to know how you can get started with your monthly SIPs.