How can i invest in mutal fund with minmum investmet like 300every month?

Question

serious

Answer 1

just go to any mutual fund website like Fidelity or T.Rowe price - they all usually allow you to start without the normal $2500 minimum if you go with a  monthly automatic investment plan - once you set it up and choose which fund you want to invest in, they automatically deduct the money from your checking account every month on the same day and buy shares at whatever the price is that day - you can also choose to reinvest dividends and capital gains

Answer 2

ICICI has a concept of micro SIP's where you can invest as little as Rs50/-.

Please follow link

http://www.moneycontrol.com/india/news/m...

Answer 3

Most Mutual Funds set the minimum investment limit for individual SIP at 1000Rs per SIP. However some others like HSBC offer SIP's at minimum 500Rs per installment.

ICICI Recently has started 50Rs SIP.

Don't decide the Fund based on the minimum SIP amount, do thorough analysis and comparison before settling with a fund!

Happy SIP'ing

-Ashwin

http://www.EaseOfMoney.com