Jonathan Schlussel: A SIP with the amount of 500 will commonly allow by ELSS (Tax saving) mutual funds and very limited other funds only.Most of the time the minimum SIP for an equity fund is 1000. If you want to invest in a very very good fund with only 500 in a month, try for SBI Magnum Contra fund.If you are lokking for an ELSS Tax saver, you can do a SIP with DSP MerryLynch Tax saver, Sundaram Tax saver. The funds I mentioned here are starred and very good funds available in the market among the group....Show more
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