Which Are The Best SIP Mutual Funds For Long-Term Investment

Systematic investment plans, or SIPs, have recently risen to the top of India’s list of preferred investment options. SIPs and mutual funds are fantastic choices for long-term investments where you can see your money grow enormously.

No matter how little you routinely contribute, you’ll see your contribution rise as soon as you start investing in one of the top SIP plans. Your money is placed in a portfolio of stocks with high returns over time.

SIPs, which offer long-term profits, give you a choice to save regularly. The minimum investment requirement does not burden the investor because it might be as low as INR 500 or 100 for the entire year. SIPs are one of the most popular methods for investing in mutual funds. It’s also perfect for beginners because you may start small and build up your savings over time.

Best SIP Mutual Funds India 2023

The list of the top 10 mutual funds for sip to invest in 2023 are:

 

  • Axis Bluechip Fund
  • Mirae Asset Large Cap Fund
  • Parag Parikh Flexi Cap Fund
  • UTI Flexi Cap Fund
  • Axis Midcap Fund
  • Kotak Emerging Equity Fund
  • Axis Small Cap Fund
  • SBI Small Cap Fund
  • SBI Equity Hybrid Fund
  • Mirae Asset Hybrid Equity Fund

Performance of the Best SIP Plans of 2023

The performance of the top 10 best SIP plans to invest in 2023 are:

  • Axis Bluechip Fund

One of the top large-cap equities mutual fund schemes is Axis Bluechip Fund. Your money is invested in equities of businesses with a high market capitalisation, defined as INR 1000 Cr or more. This is a strong long-term investment option because it has a history of exhibiting consistent increases each year and the potential to do so. Regardless of the performance of the Sensex, Axis Bluechip is regarded as a secure and less volatile investment due to its annual returns of 37.8%.

  • Mirae Asset Large Cap Fund

The Mirae Asset Large Cap Fund has a 99.52% investment in domestic equities, consisting of 66.12% large-cap stocks, 8.98% mid-cap stocks, and 3.79% small-cap stocks. It is appropriate for investors looking for significant returns and willing to commit capital for at least three to four years.

  • Parag Parikh Flexi Cap Fund

Investors have come to choose Parag Parikh’s funds in recent years. Your investment is carefully spread over a variety of large-cap, mid-cap, and small-cap companies in this diversified mutual fund SIP plan. The Parag Parikh Long Term Equities Fund seeks to generate long-term financial gain for you by actively managing your investment in a mix of equity and equity-related assets. In the past year, it has grown by 57.1%.

  • UTI Flexi Cap Fund

The UTI Flexi Cap Fund has a 102.26% investment in domestic equities, consisting of 45.69% large-cap stocks, 30.37% mid-cap stocks, and 9.47% small-cap stocks. 0.16 government securities represent per cent of the debt held by the fund. It is suitable for investors searching for substantial returns and who want to hold their investments for at least three to four years.

  • Axis Midcap Fund

Axis Mutual Fund’s Mid Cap mutual fund product is called Axis Midcap Direct Plan-Growth. This fund was established on January 1, 2013; therefore, it has been around for 10 years. Axis Midcap Direct Plan-Growth is a medium-sized fund in its category with assets under management (AUM) of 19,144 Crores as of December 31, 2022. The fund’s expense ratio of 0.54% is comparable to that of most Mid Cap funds.

  • Kotak Emerging Equity Fund

  • The equity mutual fund Kotak Emerging Equity Fund Direct-Growth is offered by Kotak Mahindra Mutual Fund. The fund manager for this scheme is Pankaj Tibrewal, and it was introduced on an Invalid date. Its AUM is 23,334.64 Crores, and as of January 23, 2023, 2:04 PM, its most recent NAV declared was 84.887. Since the scheme’s introduction, Kotak Emerging Equity Fund Direct-Growth has returned 2.60% over the past year, 83.73% over the past three years, and 504.09% overall. The minimum SIP investment in this programme is $1000.
  • Axis Small Cap Fund

Axis Mutual Fund offers a small-cap mutual fund product called Axis Small Cap Fund Direct-Growth. This fund has been operating for nine years and two months since November 11, 2013. 

With an expense ratio of 0.51%, the fund charges less than the bulk of other small-cap funds. Axis Small Cap Fund Direct-Growth has an annual return of 0.88%. Since the beginning, it has produced returns of 23.92% on average yearly. The money invested in the fund has doubled every three years.

  • SBI Small Cap Fund

Through this long-term SIP plan, your money will be invested in startup companies having a market value of about INR 500 Cr. Long-term, it might result in good profits. 

Your money will grow and expand in step with the market progress of these startup companies. With average annual returns of 62.2%, SBI Small Cap Fund has a proven track record. Furthermore, you only need to make a minimum annual deposit of INR 500.

  • SBI Equity Hybrid Fund

By investing in a combination of debt and equity, SBI Equity Hybrid Fund seeks to offer investors chances for long-term capital appreciation with the liquidity of an open-ended scheme. The fund invests in a diverse portfolio of high-growth company stocks and manages risk by placing the remaining funds in fixed-income securities. SBI Equities Hybrid Fund makes a minimum of 65% of its investments in equity and securities connected to equity. The fund will always deploy assets between 20 and 35% to debt and money market securities.

  • Mirae Asset Hybrid Equity Fund

72.8% of the Mirae Asset Hybrid Equity Fund’s holdings are domestic equities, with 45.76% being large-cap companies, 8.15% being mid-cap stocks, and 2.82% being small-cap stocks. The investment in debt for the fund is 23.44%, with 10.41% coming from government securities and 13.03% from low-risk assets.

Conclusion

You must comprehend your financial situation before choosing the best SIP to invest. If you are a salaried worker, choose a monthly SIP because you receive your pay on set dates, allowing you to invest frequently. If you wish to buy fund units more regularly and minimise the cost of purchasing as much as possible, consider investing through a weekly SIP.

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