The best ASX shares to invest $500 in right now

Here's why analysts think these shares would be great options for a $500 investment.

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If you have $500 burning a hole in your pocket and want to put it to work in the share market, then read on.

That's because listed below are two ASX shares that have been tipped to deliver big returns for investors over the next 12 months.

Let's see why they could be great options for a $500 investment right now:

Camplify Holdings Ltd (ASX: CHL)

Analysts at Morgans see significant value in Camplify's shares and have them on the broker's best ideas list.

Camplify is the number one player in ANZ in the peer-to-peer recreational vehicle (RV) rental market. Morgans believes the company has a significant growth opportunity both at home and abroad. It explains:

CHL is the #1 player in ANZ in the peer-to-peer RV rental space. We expect CHL to continue to grow into its large addressable market locally, with over 790k registered RVs in Australia and ~130k in NZ. CHL only has ~2% of these on its platform. It has broadly doubled its domestic fleet since listing and with its acquisition of Germany- based PaulCamper (PC) now has a total fleet of over 29,000, making it a true global player. Some key positive points worth noting and likely drivers of medium-term growth for CHL include: 1) it has a robust take-rate for its core platform of ~32% vs PC at ~20%. We expect PC to see a marked improvement in this take-rate in time due to the roll-out of CHL's Premium Membership and insurance offering; 2) With the establishment of the MyWay MGA insurance business, CHL will likely see an overall increase in insurance revenue in Europe; 3) CHL has had 4 straight quarters of positive OCF, has ~A$26.6m cash on balance sheet and no debt.

Morgans has an add rating and $2.55 price target on its shares. If this ASX share were to rise to this level, it would turn a $500 investment into approximately $820.

Regal Partners Ltd (ASX: RPL)

Bell Potter thinks that Regal Partners could be an ASX share to buy. It is a specialist alternative investment manager that was formed in 2022 following the merger of Regal Funds and VGI Partners.

It manages a broad range of investment strategies covering long/short equities, private markets, real and natural assets, and credit and royalties on behalf of institutions, family offices, charitable groups, and private investors.

Bell Potter believes the company's shares are undervalued based on its positive growth outlook. It said:

We continue to favour RPL, given its strong organic & inorganic growth potential, and entrepreneurial culture. Following the acquisition of PM Capital and Taurus (50%) last year, the firm has shown an acceleration of inflows, strong investment performance and success in marketing new funds. We feel this strong performance is not reflected in the share price and see considerable upside.

The broker has a buy rating and a $4.02 price target on its shares. This implies a potential upside of 28%, which would turn a $500 investment into approximately $640. The broker also expects 6%+ dividend yields through to FY 2026.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Camplify. The Motley Fool Australia has recommended Camplify. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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