Let me answer to the point and then give you other options later. You can start investing in Mutual Funds with just Rs 1000. Here is an indicative list of the funds:
Minimum Installment of Rs 1000
ICICI Prudential Regular Savings Fund – Direct Plan – Growth, Hybrid-Conservative >> 5 Yr Returns: 12.14%; 10 Year Returns: 11.41%
ICICI Prudential Advisor Series – Conservative Fund – Direct Plan – Growth, Hybrid-Conservative >> 5 Yr Returns: 12.93%; 10 Year Returns: 12.54%
Aditya Birla Sun Life Regular Savings Fund – Growth / Payment – Direct Plan, Hybrid-Conservative >> 5 Yr Returns: 12.62%; 10 Year Returns: 11.67%
Aditya Birla Sun Life Equity Advantage Fund – Growth – Direct Plan, Equity-Large-And-Midcap >> 5 Yr Returns: 19.14%; 10 Year Returns: 15.96%
Aditya Birla Sun Life Index Fund – Growth – Direct Plan, Equity-Index >> 5 Yr Returns: 10.92%; 10 Year Returns: 12.63%
Aditya Birla Sun Life Midcap Fund – Growth – Direct Plan, Equity-Midcap >> 5 Yr Returns: 21.48%; 10 Year Returns: 18.99%
Aditya Birla Sun Life Pure Value Fund – Growth – Direct Plan, Equity-Value-Oriented >> 5 Yr Returns: 25.2%; 10 Year Returns: 21.12%
Aditya Birla Sun Life Small Cap Fund – Growth – Direct Plan, Equity-Small-Cap >> 5 Yr Returns: 22.55%; 10 Year Returns: 19.96%
Aditya Birla Sun Life Focused Equity Fund – Growth – Direct Plan, Equity-Large-Cap >> 5 Yr Returns: 16.08%; 10 Year Returns: 16.22%
BOI AXA Large & Mid Cap Equity Fund Direct Plan-Growth, Equity-Large-And-Midcap >> 5 Yr Returns: 11.93%
Mirae Asset Emerging Bluechip Fund – Direct Plan – Growth, Equity-Large-And-Midcap >> 5 Yr Returns: 29.65%
Mirae Asset India Equity Fund – Direct Plan – Growth, Equity-Multi-Cap >> 5 Yr Returns: 20.03%
The above list is for a minimum of Rs 1000 monthly installments. There are many mutual funds available for even lesser minimum installment per month, as low as Rs 100! For a list of these funds, click here.
