Starting your investment journey does not require a big amount. Many people believe you need thousands of rupees to begin investing, but that’s not true. With just Rs 500 per month, you can start a SIP (Systematic Investment Plan) and slowly build wealth for your future. A small amount invested regularly can grow into a big corpus over time due to the power of compounding.
This article explains what a SIP is, how to start a SIP with Rs 500, and how to do it on different platforms like SBI, Zerodha, HDFC, and Groww. It also covers gold SIPs and Bitcoin SIPs in simple language.
What Is a SIP?
A SIP (Systematic Investment Plan) is a simple method of investing small amounts regularly in mutual funds. Instead of putting a large amount at once, you invest a fixed amount every month.
For example:
Rs 500 every month → invested automatically → grows over the years.
This helps you develop a habit of investing and reduces the tension of market ups and downs because you buy units at different prices throughout the year.
Why Start With Just Rs 500?
- You don’t need a big income to begin investing.
- It builds a consistent habit.
- Perfect for students, beginners, and new earners.
- Helps you understand how investments work.
- Small amounts grow significantly over long periods due to compounding.
Even if you start with ₹500, you can increase it later when your income grows.
SIP Calculator
How to Start SIP: Step-by-Step Guide
Starting a SIP is very easy and can be done online in just a few minutes.
Step 1: Complete Your KYC
You will need:
- PAN card
- Aadhaar
- Bank details
Most apps complete KYC within minutes.
Step 2: Choose the Right Mutual Fund
Decide whether you want:
- Equity funds (high growth, long term)
- Debt funds (low risk)
- Hybrid funds (mix of both)
Choose a fund based on your goal and risk comfort.
Step 3: Decide the SIP Amount
Enter Rs 500 as your monthly SIP. This is enough for beginners.
Step 4: Set the SIP Date
Choose a date between 1–28 when the amount will be debited from your bank account.
Step 5: Start Your SIP
Approve the bank debit mandate. After that, the SIP will run automatically every month.
This is the simplest answer to “how to start SIP investment”.
Read Also: Understanding IPOs: Do You Invest or Not?
How to Start SIP for Beginners on Different Platforms
Below are simple explanations for how to start SIP using popular banks and apps.
1. How to Start SIP in SBI
- Go to the SBI Mutual Fund website or use their official app.
- Complete KYC.
- Select the mutual fund you want to invest in.
- Choose “Start SIP”, enter Rs 500, pick a date, and confirm auto-debit.
Perfect for people who prefer banking with SBI.
2. How to Start SIP in Zerodha
Many users search for how to start SIP in Zerodha because of its popularity.
- Open the Zerodha Coin platform.
- Go to “Mutual Funds”.
- Select your preferred fund.
- Click “Start SIP”.
- Enter Rs 500 and choose your SIP date.
- Approve bank mandate.
Zerodha is known for a clean and simple interface, great for beginners.
3. How to Start SIP in HDFC
To start SIP through HDFC:
- Use HDFC MF Online or the HDFC Mutual Fund app.
- Finish KYC.
- Choose your fund.
- Enter SIP amount (Rs 500).
- Set auto-debit using your HDFC bank account or other bank.
4. How to Start SIP in Groww
Groww is one of the easiest platforms for beginners.
- Open the Groww app.
- Go to “Mutual Funds”.
- Select a fund.
- Tap “Start SIP”.
- Enter Rs 500 and set the frequency.
- Approve the bank mandate.
Groww shows all details visually, which helps new investors understand clearly.
Read Also: How to Start Investing in the Stock Market for Beginners
Other Types of SIPs You Can Try
How to Start SIP in Gold
Gold SIPs are becoming popular because gold protects from inflation.
You can start a gold SIP:
- Through gold mutual funds
- Through digital gold platforms
- Through gold ETFs (if the app supports SIP mode)
- Minimum amount often starts as low as Rs 100 to Rs 500.
How to Start SIP in Bitcoin
Bitcoin SIP is available on some crypto platforms where you can invest a fixed amount regularly.
However:
- Crypto is highly volatile
- Returns are not predictable
- Not suitable for beginners
Start only if you understand the risks properly.
Benefits of Starting SIP Early
- Automatic Investing: No need to remember every month.
- Low Risk: Rupee-cost averaging reduces market risk.
- Financial Discipline: Builds a saving and investing habit.
- Long-Term Wealth: Small investments can turn into large amounts over 10–15 years.
- Flexible: You can increase, decrease, pause, or stop whenever you want.
Example: How Your Rs 500 Can Grow
If you invest Rs 500 every month for 15 years at 12% returns:
- Invested Amount → Rs 90,000
- Estimated Value → Around Rs 1.80 lakh+
This is the power of compounding.
Conclusion: Starting a SIP with just Rs 500 is one of the smartest financial decisions you can make. You don’t need big money, special knowledge, or experience. All you need is discipline and consistency. Whether you use SBI, Zerodha, Groww, or HDFC, the process is simple and beginner-friendly.
Your journey towards financial freedom can start with this small step — and the earlier you begin, the richer your future becomes.
Disclaimer: This article is for educational purposes only. Mutual fund SIPs, gold SIPs, and Bitcoin SIPs are subject to market risks. Crypto is highly volatile and unregulated. Always read scheme documents and consult a financial advisor before investing.