SIP vs PPF vs SSY vs RD: Starting with Rs 500 investment per month, which of them can give you maximum returns?

Investment Tips: When someone talks about investment, the first impression is it is for rich people who have large savings every month. But it is not necessary that you invest big money only. You can invest a little amount also according to your monthly income. The important thing is that you should continue this investment for a long time.

If possible, keep increasing your investments as your income increases.

There are many such schemes in which you can start investing with just Rs 500 and can create a fund worth lakhs of rupees. Know about some such schemes here-

SIP 

You can invest in mutual funds through SIP. However, SIP is linked to the market and the market is considered risky.

But SIP has seen very good returns in the last few years.

This is the reason why the popularity of SIP has also increased rapidly in the last few years.

Experts believe that an average return of 12 per cent can be available in SIP.

In such a situation, people may earn good profits through SIP in the long run.

The good thing is that you can increase the amount invested in SIP anytime as per your capacity, this can increase your profits even more.

If you calculate according to a 12 per cent return, and if you invest Rs 500 per month in SIP, after 15 years, you can take Rs 2,52,288 as maturity amount.

And after 20 years, the maturity amount can be Rs 4,99,574.

PPF

If you want a safe investment, then youmay invest in PPF i.e. Public Provident Fund.

This is a Post Office scheme in which investment can be started with even Rs 500.

It is necessary to invest a minimum of Rs 500 in it every year.

In this scheme, you get the benefit of compounding interest at the rate of 7.1 per cent.

This scheme matures in 15 years.

If you deposit even Rs 500 every month, you will deposit Rs 6000 annually.

According to the PPF calculator, in 15 years, you will get a return of Rs 1,62,728 through this.

Whereas, if you continue this scheme for 5 more years, you will accumulate Rs 2,66,332 in 20 years.

SSY

If you are the father of a daughter, you can also invest in Sukanya Samriddhi Yojana.

This scheme is run by the government to secure the future of daughters.

A minimum of Rs 250 and a maximum of Rs 1.50 lakh can be invested annually in this scheme.

At present, interest is available in this scheme at the rate of 8.2 per cent.

Investment has to be made for 15 years and the scheme matures in 21 years.

If you invest even Rs 500 every month in this scheme, your total expenditure will be Rs 90,000 in 15 years.

You will not make any investment between 15 and 21 years, but interest at the rate of 8.2 per cent will continue to be added on your amount.

On maturity, you will get Rs 2,77,103.

Post Office RD

Post Office RD is also a better option.

Post office RD is made for 5 years.

At present, the interest rate for the scheme is 6.7 per cent.

You can start investing in Post Office RD with Rs 100.

But if you deposit Rs 6000 annually at the rate of Rs 500 every month, your total investment will be Rs 30,000, on which you will get Rs 5,681 as interest.

On maturity, you will get Rs 35,681.