Confusion about minimum Investment

[electricbright]

Hi,

I am newbie in the world of investing.

I have few of the doubts as mentioned below.

Some of the mutual funds like franklin India Taxshield, ICICI Prudential tax plan have a minimum investment of rs 500.
Is this minimum investment amount is for one time or it has be invested through SIP? or in case I do not choose SIP at all, Can I invest rs 500 for in the beginning and make subsequent investment whenever I feel like anytime in the future?

Please help me clear this confusion.

Thanks in advance.

 

[rvm123]

Normally minimum investment of Rs.500/- will be for SIP and for regular investment, it will be Rs.5000/-. (i.e) if you want to invest one time investment, you can do with Rs.5000/-.

 

[electricbright]

Update: I recently made a lump sum investment in DBSPBR, HDFC and franklin templeton tax saver funds, the minimum amount charged was Rs 500/- only for these funds.

 

[nidhi_agarwal]

Minimum amount differs from funds to funds. Some fund might ask you for higher amounts like 5000-10000. Reason why they say "Read all scheme related documents before investing!":thumb: