Need Help to start Investing small amount monthly

buddy first thing first

i dont know if you have term insurance or not. Are you just young chap without any liabilities?

1. While young, buy good term insurance policy and health insurance that covers upto 65 years. Use 2/3 your fund for it.

2  divide rest into two halves. First half invest in nifty 50 fund  SIP.

3  second half keep it in bank for a year, whatever little savings interest you get. Open ppf account and put the savings in it between april 1st to april 5th in this ppf.

future surplus can be invested in markets as you have funds in ppf for withdrwal in case if emergency after 5yrs.

actually emergency funds should be in fd. But you dont want fd so next best option is ppf.

You can use kuvera, grow, Paytm money or zerodha coin for mutual fund SIP. Buy only direct plan not regular one

For 2-3k mutual funds is good option. Do a bit of research on your own before investing. Another option is Recurring deposits(RD), post office has a lockin of about 5 years for RD with banks it is much more flexible. But interest rates are low as of now. Given the inflation if RBI does change repo again we can expect a slight increase in interests. So if you consider any of these deposits do it for short terms.

Invest in direct index fund and forget .Buy directly from Amc fund house