How to Get Started with Rs 500

You do not need lakhs to start investing. Start with just Rs 500 per month via SIP in an index fund. Step 1: Open a demat account (Zerodha, Groww, or Upstox — free or under Rs 200). Step 2: Complete KYC with PAN and Aadhaar. Step 3: Set up a monthly SIP in Nifty 50 index fund. Step 4: Automate it on salary day. Step 5: Increase SIP amount by 10-15% every year as income grows. The key is starting — time in the market beats timing the market every single time.

Key Takeaway

Start small, start today. Rs 500 per month in an index fund, increased every year, builds serious wealth over 15-20 years.

Types of Investments Next: Debt Management