Note: This post is a guide for DRKM readers. The main body will be authored by the DRKM team — the draft below is a starting reference.
Is ₹500 really enough?
Yes. Many mutual fund schemes accept a minimum SIP of ₹500 a month. The amount is not the key idea — discipline is. A fixed monthly investment held for a long period is the foundation of SIP investing.
Step-by-step: how to start
- Define your goal: child education, retirement, a home, or general wealth-building. Be specific about the time horizon and the target amount.
- Know your risk tolerance: are you comfortable with short-term ups and downs? This decides the fund category (equity, debt, hybrid).
- Complete KYC: PAN, Aadhaar, a bank account, photograph and signature. DRKM helps you through this.
- Pick a scheme: with DRKM's guidance, choose a scheme that fits your goal and time horizon.
- Set up monthly auto-debit: a fixed amount leaves your bank account on a chosen date each month.
- Review annually: check the fund's performance, your goal, and any life changes with DRKM.
Tip: start with ₹500, and step up the amount when your income grows. The SIP "step-up" feature is built for this.
Common beginner mistakes to avoid
Don't stop a SIP after the first bad month. Don't put everything in a single scheme. And never invest in a scheme you haven't read the documents for. If in doubt, ask DRKM.
Important: Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.
DRKM Financial Services — AMFI-registered Mutual Fund Distributor, ARN-271815.
DRKM Financial Services — AMFI-registered Mutual Fund Distributor, ARN-271815.