If you want to earn with low investment, just begin with Rs 500 per month

It is always advisable to save money for securing a better future ahead. This is a typical Indian tradition which still exists in the country. Anyone can make an investment, but the question arises how much and where to invest?

If you really want to spare some amount from your hard earned money, there are several schemes available which can provide you better return with an investment of Rs 500 per month.

Equity Mutual Fund SIP
 
The SIP method is the best tool for investment in mutual funds market especially in equity with risk evenly balanced. There are number equity mutual fund SIP like large cap, mid-cap or small-cap, diversified funds and hybrid or balanced funds giving returns in the range of 11% - 18%.
 
BankBazaar says, "SIP investments not only guarantee lucrative returns in the long run but also secure your future when you get old. All you need to do is register yourself with a reputed mutual fund house."
 
Public Provident Fund
 
This scheme is a popular investment method as it also provides tax savings option to generate small savings. Deposits made towards PPF accounts can be claimed as tax deductions. This makes the PPF Scheme one of the most tax efficient instruments in India.
 
For opening a PPF account, you can start with Rs 100 and can maintain the account with Rs 500 per year to Rs 1.5 lakh per year. Under Section 80C of income tax, annual contributions towards PPF qualify for tax deductions up to Rs 1.5 lakh per financial year.
 
At present, PPF's interest rate is set at 7.8% compounded annually.
 
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
 
PMSBY is government-backed and also a cheapest accidental insurance cover. This scheme has annual premium of just Rs 12 excluding the service tax and is available to age group between 18 and 70 years having a bank account.
 
Rs 2 lakh is paid to the nominee incase the subscriber dies in an accident or if he or she is fully disabled. If the subscriber meets with an accident and suffers partial permanent disability, then payment of Rs 1 lakh is made. This scheme will have one year cover from June 1 to May 31.
 
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
 
This is another government-backed scheme which covers life insurance. It is considered as the best scheme for poor and low income section of society and is available for people between the age group of 18 and 50 years.
 
PMJJBY provides a yearly life insurance coverage of Rs 2 lakh in case of the demise of the subscriber, at an affordable premium of Rs 330 per annum. Policy cover period is similar like PMSBY.
 
The premium will be directly auto-debited by the bank from the subscribers’ Saving Account held with the Bank. For renewal of the policy, it will be auto debited between May 25 and May 31, unless the customer has given the cancellation request to the bank for the policy.
 
Atal Pension Yojana (APY)
 
This scheme is administrated by the Pension Fund Regulatory and Development Authority under the National Pension system. It guarantees long-term pension in the range of Rs 1000, Rs 2000, Rs 3000, Rs 4000 and up to Rs 5000, every month after their retirement at the age of 60, until the death of the subscriber.
 
A citizen can opt for this scheme at the age of 18 and can invest till reaching at 60.  A person should not be more than 40 years old while opting for this scheme. Minimum contribution towards APY can be till 20 years. The minimum amount required will be Rs 42 every month to receive a pension amount up to Rs 1,000.
 
Government's contribution is 50% of the subscriber's monthly investment under the APY.
 
Thus, these are a few portals which can help you secure your future at a low cost.