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Top 5 Best Mutual Funds Under 500

Dear friends, Do you have any idea that how much you can earn by just investing 500 per month in any mutual fund?

Lots of people do not know the right way to save their money and have no any idea to invest.

In this article we are going to share Top 5 Best Mutual Funds Under 500 for all those people who wanna invest but have no much money.

Please read about all the mutual funds carefully, than Plan, than invest.

Top 5 Best Mutual Funds Under 500

Franklin India Low Duration Fund – Direct – Growth

This is the first mutual fund where you can start investing by just 500 per month. Franklin India started this fund on 01 Jan 2013.

Have a look on these Pros and cons before going to start investing in Franklin India.

Pros
Cons
Risk-adjusted returns are higher compared to the caregory Risk is higher compared to the benchmark
Lower expense ratio
1Y Returns are higher than the benchmark
3Y Returns are higher than the benchmark
5Y Returns are higher than the benchmark

For starting this mutual fund you will have to pay 10,000 in the first installment and min 1000 for the second installment.

If you will withdraw your fund before 3 months, exit load 0.50% will be applicable.

Franklin-India-Low-Duration-Fund-Direct-Growth-1

HDFC Small Cap Fund – Direct – Growth

HDFC small cap fund is the Moderately High risky and top level small cap fund. To start this fund you need Min Amount ₹500 per month.

HDFC started this mutual fund on 01 Jan 2013 and the Fund Size is ₹6,312 Cr.

Pros
Cons
Risk is lower compared to the benchmarkFound nothing so far.
Lower expense ratio
1Y Returns are higher than the benchmark
3Y Returns are higher than the benchmark

This fund need Min 5,000 for First Investment and Min 1,000 for Second Investment.

Exit load of 1% will be applicable if redeemed within 1 year.

HDFC-Small-Cap-Fund-Direct-Growth

L&T Emerging Businesses Fund – Direct – Growth

Since inception this mutual fund provided 19.6 %, -15.6% in one year and 18.1% in 3 year returns.

The best thing in this mutual fund is, you can start by investing just 500 per month and you can redeem your fund anytime after one year.

Min 5000 need for First Investment and Min 1000 for Second Investment, Exit load of 1% will be applicable if redeemed within 1 year.

Pros
Cons
Risk is lower compared to the benchmark Age is less than 5 years
Lower expense ratio
1Y Returns are higher than the benchmark
3Y Returns are higher than the benchmark

Right now, on the 11/05/2019 when this article is being published, L&T Emerging Businesses Fund – Direct – Growth is down by 15.6%.

Aditya Birla Sun Life Tax Relief 96 – Direct – Growth

Aditya Birla Sun Life Tax Relief 96 is giving best benefit and return when you are being invested 5 years.

This mutual fund Started on 01 Jan 2013 and moderately high risky fund.

Returns of fund is -3.4% in one year, 13.2% in 3 years, 18.1% in 5 years and 16.8% Since inception.

Pros
Cons
Risk is lower compared to the benchmark Found nothing so far.
Exit load is zero
1Y Returns are higher than the benchmark
3Y Returns are higher than the benchmark
5Y Returns are higher than the benchmark

The best part of this mutual fund is, you can redeem your fund anytime without any exit load and for first Investment you need only 500 and second investment need 500.

Franklin India Prima Plus – Direct – Growth

This is the last and fifth mutual fund in the list of Top 5 Best Mutual Funds Under 500.

Franklin India Prima Plus – Direct – Growth started on 01 Jan 2013 and the fund size is ₹11,155 Cr.

Returns of Franklin India Prima Plus – Direct – Growth is 0.1% in one year, 10.4% in 3 years, 15.5% in 5 years and 14.9% Since inception.

Pros
Cons
Risk is lower compared to the benchmark Risk-adjusted returns are lower compared to the category
Lower expense ratio 1Y Returns are lower than the benchmark
5Y Returns are higher than the benchmark 3Y Returns are lower than the benchmark

You can start this fund by investing 5,000 for First Investment and Min 1000 for Second Investment.

Min Exit load of 1% will be applicable if redeemed within 1 year.

Note – You should read all the documents carefully before starting any mutual fund investment.

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Important Links –

TOP 5 MOST POPULAR MUTUAL FUNDS IN INDIA TO GET HIGH RETURNS

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