Best SIP Mutual Funds - Consider the best performing sip mutual funds to invest in 2024 with Scripbox.com. Find the list of best sip mutual funds in India on the basis of Returns, Latest Nav, Ratings, Performance etc.
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Below are the best mutual fund for sip in india:
Mirae Asset ELSS Tax Saver Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 22.9%, a 3 Years return of 17.3% and a 5 Years return of 21.2%. The fund has an expense ratio of 0.6% and an AUM of ₹25315 crores as of 2024-12-22. It was Launched on 2015-12-28. The minimum SIP investment is ₹500 and the minimum lump sum investment is ₹500. The fund allocates 98.98% to equities, 0.00% to debt and 1.02% to other assets.
ICICI Prudential Value Discovery Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 24.0%, a 3 Years return of 24.1% and a 5 Years return of 25.9%. The fund has an expense ratio of 1.0% and an AUM of ₹48988 crores as of 2024-12-22.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 85.74% to equities, 1.02% to debt and 13.24% to other assets.
Parag Parikh Flexi Cap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 26.1%, a 3 Years return of 18.3% and a 5 Years return of 25.8%. The fund has an expense ratio of 0.6% and an AUM of ₹84641 crores as of 2024-12-22. It was Launched on 2013-05-24. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 79.51% to equities, 19.88% to debt and 0.61% to other assets.
ICICI Prudential Bluechip Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 21.1%, a 3 Years return of 19.1% and a 5 Years return of 19.0%. The fund has an expense ratio of 0.9% and an AUM of ₹63938 crores as of 2024-12-22.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 90.00% to equities, 0.49% to debt and 9.51% to other assets.
DSP ELSS Tax Saver Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 28.7%, a 3 Years return of 21.7% and a 5 Years return of 22.2%. The fund has an expense ratio of 0.7% and an AUM of ₹16835 crores as of 2024-12-22. It was Launched on 2013-01-01. The minimum SIP investment is ₹500 and the minimum lump sum investment is ₹500. The fund allocates 96.72% to equities and 3.28% to other assets.
HDFC Large and Mid Cap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 24.0%, a 3 Years return of 23.7% and a 5 Years return of 23.8%. The fund has an expense ratio of 0.8% and an AUM of ₹23989 crores as of 2024-12-22. It was Launched on 2013-01-01. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 97.42% to equities and 2.21% to other assets.
Franklin India Focused Equity Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 23.5%, a 3 Years return of 19.7% and a 5 Years return of 21.0%. The fund has an expense ratio of 0.9% and an AUM of ₹12183 crores as of 2024-12-22.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 97.05% to equities and 2.95% to other assets.
ICICI Prudential Technology Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 31.0%, a 3 Years return of 11.0% and a 5 Years return of 31.0%. The fund has an expense ratio of 0.9% and an AUM of ₹13990 crores as of 2024-12-22.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 95.47% to equities, 0.43% to debt and 4.09% to other assets.
HDFC Small Cap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 24.9%, a 3 Years return of 26.0% and a 5 Years return of 30.8%. The fund has an expense ratio of 0.7% and an AUM of ₹33842 crores as of 2024-12-22. It was Launched on 2013-01-01. The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 93.25% to equities and 6.75% to other assets.
SBI Magnum Global Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 12.6%, a 3 Years return of 10.8% and a 5 Years return of 17.2%. The fund has an expense ratio of 1.2% and an AUM of ₹6635 crores as of 2024-12-22.The minimum SIP investment is ₹1000 and the minimum lump sum investment is ₹5000. The fund allocates 94.86% to equities and 5.14% to other assets.
A systematic investment plan is a disciplined approach towards investment. It thrives to install a habit of savings accompanied with investment in retail investors. You can start a SIP in any mutual fund. You only need to find the best SIP mutual fund that suits your investment goals. While the suitability of any fund to the investor’s goals must be the primary factor, there are other factors as well. The factors such as risk, historical returns, future potential, NAV, AUM, tax, and exit load help you in determining the best SIP mutual fund.
A systematic investment plan (SIP) is the most popular approach to investment among investors in m. SIPs allow investing a fixed amount periodically in a mutual fund scheme and eliminated the need to time the market.
Mutual fund investments have become comfortable. By investing in mutual funds, investors gets an added benefit of expert assistance of a fund manager. The fund manager is responsible for managing and operating the fund and its investments on various assets
One of the most significant benefits of the SIP plans is that it ensures the investor gets into the habit of saving fixed amounts regularly. Investors need not worry about lump sum investments. They can invest small sip amounts regularly and earn SIP returns over the long term.
The frequency of a SIP can be chosen by the investor depending on investment objective; it can be quarterly, monthly, bi-weekly, and weekly. Depending on the financial goal, an investor can choose any best mutual funds to invest through SIP.
Investing small amounts regularly will help investors in long term wealth creation. An investor doesn’t have to worry about investing money every time, upon selecting a fund for SIP, the amount automatically gets debited from the bank account.
| Fund Name | 3 Years Return | 5 Years Return |
| Mirae Asset ELSS Tax Saver Fund Direct Growth | 12.9% | 21.1% |
| ICICI Prudential Value Discovery Fund Direct Growth | 20.8% | 26.2% |
| Parag Parikh Flexi Cap Fund Direct Growth | 16.2% | 25.6% |
| ICICI Prudential Bluechip Fund Direct Growth | 15.6% | 19.6% |
| HDFC Large and Mid Cap Fund Direct Growth | 18.6% | 23.9% |
| DSP ELSS Tax Saver Fund Direct Growth | 17.3% | 22.4% |
| HDFC Small Cap Fund Direct Growth | 22.3% | 29.7% |
| Franklin India Focused Equity Fund Direct Growth | 15.3% | 21.6% |
| ICICI Prudential Technology Fund Direct Growth | 9% | 30.6% |
| SBI Magnum Global Fund Direct Growth | 8.2% | 16.3% |
| Fund Name | 3 Years Return | 5 Years Return |
| Mirae Asset ELSS Tax Saver Fund Regular Plan | 13.7% | 21.2% |
| HDFC Large and Mid Cap Fund Regular Plan | 20.2% | 24.6% |
| ICICI Prudential Bluechip Fund Regular Plan | 16.9% | 20.2% |
| ICICI Prudential Value Discovery Fund Regular Plan | 21.9% | 26.9% |
| DSP ELSS Tax Saver Fund Regular Plan | 18.2% | 22.3% |
| Parag Parikh Flexi Cap Fund Regular Plan | 15.9% | 25.2% |
| SBI Magnum Global Fund Regular Plan | 9.3% | 15.4% |
| Invesco India PSU Equity Fund Regular Plan | 30.7% | 27.4% |
| ICICI Prudential Infrastructure Fund Regular Plan | 31.8% | 31.3% |
| Tata Resources & Energy Fund Regular Plan | 14.1% | 24.5% |
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Mutual Fund SIP plan are simple when you understand them right. SIPs allow investors to start investing with as low as INR 500 to an amount with no upper limit at certain fixed intervals of time. The frequency of investment can be monthly, quarterly, and weekly. SIP returns on investments are compounded with time and earn higher returns.
To put it simply, SIP plan works in a way similar to that of a piggy bank. A child keeps depositing small amounts periodically, and over a period of time, they’ll end up having a large sum.
This sum is usually spent by them to purchase their favorite toy or book or game. Similarly, SIPs inculcate investment discipline into investors and encourages them to save for a financial goal.
The significant difference between the two is that the amount in a piggy bank stays idle. At the same time, SIPs investments are invested in particular asset classes through a mutual fund. An investor can invest in different funds like multi cap funds, mid cap funds, direct plans, regular and direct growth plans, duration fund, a balanced fund
An investor with a lump sum investment amount can also invest through SIPs. This is through a Systematic Transfer Plan (STP). Here an investor can invest a lump sum amount in a liquid or a short term fund and select a frequency at which the amount can be transferred to an equity fund.
Redeeming SIPs can be done either in a lump sum or in a periodic manner. The periodic withdrawal is also known as the Systematic Withdrawal Plan (SWP), here the investor opts for regular pay-outs, which are credited to their bank account.
Investing in SIPs of mutual funds comes with its own set of benefits.
Investors are expected to increase their investment amount every year in tandem with their increase in their income. Applying for a new SIP every year to increase the investment can be tedious.
Hence SIP step up has been introduced. Investors can choose a percentage, or an amount step up every year right when they are applying for a SIP. Choosing a step-up option can help in increasing the returns and reaching the financial goal faster and also help in beating inflation.
SIPs can be started in a bullish or a bearish market. There is no need to time the market before entering it with SIP investment plan. The investment is not affected by market volatility. This is because the investment is spread across several years. This helps in averaging out the investment cost per unit, leading to higher returns.
SIP, as the name suggests, is very systematic. Once an investor starts a SIP, he or she doesn’t have to worry about anything. SIPs are automated. The bank account gets debited every month. Hence this inculcates financial discipline in an investor.
With SIPs, investors invest across market cycles. During market highs, they get fewer units, and during a falling market, they get a higher number of units. The overall cost per unit comes down as the investment is averaged out.
Investing for longer investment horizons help in earning more through the power of compounding.
SIP investing allows investors to invest even with an amount as low as INR 500 per month.
Here are some of the best SIP options
One of the crucial benefits of investing in SIP is that you can plan their expenses better. Once they schedule their SIPs at the starting of the month, they can spend the rest of the money guilt-free.
Ms. Priya chooses to invest INR 5,000 through SIP for six months. While Mr. Pranav makes a lump sum investment of INR 30,000.
The above table shows that, over a period of six months, with the same total investment amount of INR 30,000, Priya has higher units when compared to Pranav.
The average cost per unit is lower for Priya as she was able to bag more units when the prices were lower during the 6-month horizon. Continuing the SIP method of investing for the long term might reduce the average cost price further.
In a SIP, all an investor has to do is select the frequency of the SIP and amount. The bank auto-debits the amount based on the choice of frequency. All the mutual fund SIPs can be tracked easily. SIPs also eliminate the worry to time the market each time an investor wants to invest. SIPs can be stopped anytime without much hassle.
Investing regularly for the long term is a good hedging strategy to address market fluctuations. Timing the market and worrying whether the purchase price is the lowest can be avoided entirely with SIPs. In instances where the investor has a fear that the fund is giving below-average returns, they can exit anytime and can choose another fund to make investments.
To save is no easy job, but it becomes comfortable with proper planning. Saving by investing regularly is the best habit, and every investor needs to inculcate it. Always attach a monetary value and time for the financial goals.
The SIP amount should be in line with the timelines. This planning can go a long way and will make it very easy to achieve goals. Dreams will no longer just dream with SIPs. You can use Scripbox’s SIP calculator and get an estimate of wealth gained and maturity value of the investments made
Most investors lack discipline. Without a SIP, regular investments in a mutual fund scheme will always be in the planning phase. SIPs are a blessing for investors who wish to invest small amounts regularly. Investing small amounts today can go a long way in the future.
Disciplined saving at an early age would help an investor retire sooner and peacefully without worrying about income and expenses. Cutting down on non-vital costs and investing would reap wonderful results.
There are four types of SIPs, namely top-up SIP, flexible SIP, perpetual SIP, and trigger SIP.
SIPs invest through different markets and hence manage the risk of investing in the wrong time of the market. But mutual funds are subject to market risk. Investment in mutual funds through SIPs in itself isn’t risky, but the fund that the investor chooses might be on a higher risk level than what they can handle. An investor can choose to invest in different funds like multi cap funds, mid cap funds, direct plans, regular and direct growth plans, duration fund, a balanced fund.
There is no upper limit for investing in Equity Linked Savings Scheme. But which considering tax savings, an investment in ELSS tax saving mutual funds are allowed as a deduction up to Rs 1.5 lakh only
One can always withdraw money from their SIP investment plan. It’s called redeeming the investment. An exit load is charged if the redemption is done before one year from investing.
Yes, withdrawal of tax saving mutual funds is allowed at the maturity of the funds. The units available for redemption can be redeemed. But a premature withdrawal of funds before 3 years of lock-in period is not allowed
No, one cannot withdraw money from their Equity Linked Savings Scheme investment before three years.
Equity-linked mutual funds ELSS are the funds which are allowed as a deduction up to Rs 1.5 lakh on investment in mutual funds and the capital gains up to Rs 1 lakh are tax-free.
