What are some of the best long term SIP of 500 rupees in October 2021?

Please note: This is not a recommendation, advice, or a tip to make quick money.

If an individual wants to start their journey towards financial independence or make their money work towards a future goal, then the best approach would be the financial markets, and the best vehicle would be equity-related investments.

Having said that, a few things need to be noted

1. Focused allocation of money every month
2. The horizon of a minimum of 18–24 months
3. Stay away from speculation/tips or expert advice from someone known/unknown
4. Invest money according to your time in the markets
   1. Novice/Beginner: Mutual Funds
   2. Mid-level: Large-Cap Stocks + Mutual Funds
   3. Expert: Stocks(Large-Cap & Mid-Cap) + Mutual Funds

Now comes the question:

Best long term SIP of INR 500 (US $6.6) in October 2021

Query by a curious investor

Despite the low amount of money, the investor can find some avenues for deployment in the Equity-linked Vehicles:

1. Stocks
   1. Large Cap
      1. ITC
      2. SBI
   2. Mid Cap
      1. Tata Power
      2. BEL
      3. CESC
2. Mutual Fund
   1. Balanced
      1. ICICI Balanced Advantage Fund
   2. ELSS
      1. Mirae Asset Tax Saver Fund
   3. Equity
      1. Axis Bluechip Fund
      2. Kotak Bluechip Fund
      3. Tata Largecap Fund

Invest wisely and create wealth for the long run

Hope you find this helpful, and feel free to share with others

Please note: This is not a recommendation, advice or a tip to make quick money.

Reference:

1. In the stock market, what is the difference between small cap, mid cap and large cap?
2. NSE Index
3. ICICI Balanced Advantage Fund
4. Tata Large-Cap Fund