The most common excuse for not investing is “I don’t earn enough yet.” Here is the truth: ₹500 invested monthly at 12% CAGR for 30 years becomes ₹17.6 lakhs. The same ₹500/month FD at 7% becomes ₹6.1 lakhs. The habit matters far more than the amount — and starting at ₹500 today is infinitely better than starting at ₹5,000 two years from now.
Step-by-step: start investing in 4 steps
- Step 1: Complete KYC — you need PAN card and Aadhaar. Takes 10 minutes online.
- Step 2: Open account on Groww, Kuvera, or Zerodha Coin — all free, all regulated.
- Step 3: Search for UTI Nifty 50 Index Fund or HDFC Nifty 50 Index Fund.
- Step 4: Start a monthly SIP of ₹500. Set the date to 2 days after your salary credit.
Increase every year
Every year when you get your increment, add ₹500 to your SIP. By year 5, you will be at ₹3,000/month without feeling any pain. This compounding of contributions, not just returns, is what builds real wealth. See exactly how: what is a SIP and invest based on salary.