Investments

Mutual Funds: Professionally managed funds pooling money from multiple investors to invest in stocks, bonds, or other assets. Offer various options like Equity Funds, Debt Funds, Hybrid Funds, etc.
Stocks: Direct ownership in companies. Risky but offer high potential returns. Requires research and analysis.
Fixed Deposits: Secure investment offering guaranteed returns over a fixed period. Lower returns compared to other options.
Gold: Considered a safe haven asset but susceptible to price fluctuations. Can be purchased physically or through digital gold.
Real Estate: Long-term investment with potential for appreciation and rental income. Requires significant capital and involves market risks.

Market risk: Overall market fluctuations can affect your investments' value.
Credit risk: Issuer of bonds or debt instruments may default on repayment.
Inflation risk: Purchasing power of your investment may decrease over time due to inflation.
Liquidity risk: Difficulty selling your investment quickly without incurring losses.

Investing without a plan: Not having clear goals and risk tolerance can lead to impulsive decisions.
Following the herd: Investing based on others' advice without proper research can be risky.
Focusing only on high returns: Ignoring risk associated with potential gains can lead to significant losses.
Panic selling: Selling investments during market downturns due to fear, missing out on potential recovery.
Lack of diversification: Concentrating investments in one asset class increases risk exposure.

You can start with small amounts(as low as ₹500) and gradually increase your investments as you get comfortable. Some platforms offer micro-investing options with minimal initial investments. Remember, consistency is key, even with small amounts, to build wealth over time.