Download Now!
SIPs

50 Best SIPs To Invest In 2023-24

This blog covers the ✓ 50 best SIPs for 2023-24. A SIP is one of the best ways to invest in mutual funds & helps you maximize returns by investing consistently.

Rishabh P Nair
All

This blog covers the ✓ 50 best SIPs for 2023-24. A SIP is one of the best ways to invest in mutual funds & helps you maximize returns by investing consistently.

One of the best ways to invest in mutual funds is through SIPs i.e. Systematic Investment Plans. Instead of putting a large chunk of your money into an investment in the form of a lump sum payment – you get to invest regularly in smaller amounts.

A SIP gives you the best means to maximize returns while investing in multiple mutual funds. A SIP is a fixed monthly investment amount that you can choose as per your comfort.

Let’s now dive into a list of current top recommendations of SIPs to invest in.

Top 50 SIPs to Invest in

The top 50 best + 7 bonus mutual fund SIPs are handpicked by our mutual fund advisor, Wealth First.

  1. Quant Liquid Fund
  2. Mahindra Manulife Liquid Fund
  3. Axis Liquid Fund
  4. Mirae Asset Cash Management Fund
  5. PGIM India Liquid Fund
  6. Invesco India Liquid Fund
  7. SBI Liquid Fund
  8. ICICI Prudential Liquid Fund
  9. Canara Robeco Liquid Fund
  10. DSP Liquidity Fund
  11. Nippon India Liquid Fund
  12. Kotak Liquid Fund
  13. HDFC Liquid Fund
  14. Sundaram Liquid Fund
  15. SBI Arbitrage Opportunities Fund
  16. Edelweiss Liquid Fund
  17. Franklin India Overnight Fund
  18. WhiteOak Capital Liquid Fund
  19. Motilal Oswal Liquid Fund
  20. Bandhan Arbitrage Fund
  21. ICICI Prudential Corporate Bond Fund
  22. Axis Banking and PSU Debt Fund
  23. Axis Money Market Fund
  24. HDFC Money Market Fund
  25. HDFC Ultra Short Term Fund
  26. Bandhan Ultra Short Term Fund
  27. Bandhan Dynamic Bond Fund
  28. Kotak Nifty 50 Index Fund
  29. HDFC Top 100 Fund
  30. ICICI Prudential Bluechip Fund
  31. HDFC Gold Fund
  32. Kotak Gold Fund 
  33. Mahindra Manulife Focused Equity Yojana
  34. Kotak Nifty Next 50 Index Fund
  35. Kotak Multicap Fund
  36. Quant Quantamental Fund
  37. WhiteOak Capital Flexi Cap Fund
  38. SBI Contra Fund
  39. Quant Flexi Cap Fund
  40. Quant Active Fund
  41. ICICI Prudential India Opportunities Fund
  42. HDFC Focused 30 Fund
  43. Templeton India Equity Income Fund
  44. HDFC large and Midcap Fund
  45. ICICI Prudential Large & Mid Cap Fund
  46. Quant Large and Mid Cap Fund
  47. Nippon India Nifty Smallcap 250 Index fund
  48. Nippon India Nifty Midcap 150 Index fund
  49. Quant Small Cap Fund
  50. ICICI Prudential Small Cap Fund
  51. Canara Robeco Small Cap Fund
  52. Quant Mid Cap Fund
  53. Nippon India Growth Fund
  54. Kotak Emerging Equity Fund
  55. Invesco EQQQ Nasdaq 100 ETF  Fund of Fund
  56. Kotak Tax Saver Fund
  57. Quant Tax Plan

List Of Best Liquid Mutual Fund SIPs In India

1. Quant Liquid Fund

The Quant Liquid Direct Plan Growth has been there from 05 Jan 2013 and the average annual returns provided by this fund is 5.39% since its inception.

  • Risk: Low
  • 1-Year Returns: 5.93%
  • 3-Year Returns: 4.70%
  • 5-Year Returns: 5.57%
  • AUM: ₹1,481.12 Crores

2. Mahindra Manulife Liquid Fund

The Mahindra Manulife Liquid Fund Direct Growth has been there from 04 Jul 2016 and the average annual returns provided by this fund is 5.48% since its inception.

  • Risk: Low
  • 1-Year Returns: 6.27%
  • 3-Year Returns: 4.35%
  • 5-Year Returns: 5.30%
  • AUM: ₹520.37 Crores

 

3. Axis Liquid Fund

The Axis Liquid Fund Growth has been there from 09 Oct 2009 and the average annual returns provided by this fund is 5.36% since its inception.

  • Risk: Low
  • 1-Year Returns: 6.29%
  • 3-Year Returns: 4.33%
  • 5-Year Returns: 5.28%
  • AUM: ₹29,631.79 Crores

4. Mirae Asset Cash Management Fund

The Mirae Asset Cash Management Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 5.43% since its inception.

  • Risk: Low
  • 1-Year Returns: 6.22%
  • 3-Year Returns: 4.32%
  • 5-Year Returns: 5.23%
  • AUM: ₹5,737.02 Crores

5. PGIM India Liquid Fund

The PGIM India Liquid Fund Direct Plan Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 5.42% since its inception.

  • Risk: Low
  • 1-Year Returns: 6.23%
  • 3-Year Returns: 4.30%
  • 5-Year Returns: 5.26%
  • AUM: ₹730.34 Crores

6. Invesco India Liquid Fund

‍The Invesco India Liquid Fund Growth has been there from 17 Nov 2006 and the average annual returns provided by this fund is 5.31% since its inception.

  • Risk: Low
  • 1-Year Returns: 6.21%
  • 3-Year Returns: 4.28%
  • 5-Year Returns: 5.18%
  • AUM: ₹6,926.45 Crores

7. SBI Liquid Fund

‍The investment objective of SBI Liquid Fund is to leverage a wide range of high rated debt securities like bonds and money market instruments. The fund looks to generate solid returns with a portfolio maturity of 91 days.

  • Risk: Low
  • 1-Year Returns: 6.19%
  • 3-Year Returns: 4.27%
  • 5-Year Returns: 5.18%
  • AUM: ₹63,100 Crores

8. ICICI Prudential Liquid Fund


ICICI Prudential Liquid Fund has a unique approach towards investment and basks in the glory of being an offspring of the renowned asset management company, ICICI Prudential Mutual Fund Growth.  The fund's portfolio matures in 91 days.

  • Risk: Low
  • 1-Year Returns: 6.20%
  • 3-Year Returns: 4.27%
  • 5-Year Returns: 5.22%
  • AUM: ₹47482.72 Crores

9. Canara Robeco Liquid Fund

The Canara Robeco Liquid Direct Plan Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 5.40% since its inception.

  • Risk: Low
  • 1-Year Returns: 6.29%
  • 3-Year Returns: 4.27%
  • 5-Year Returns: 5.08%
  • AUM: ₹3,169.45 Crores

10. DSP Liquidity Fund

The DSP Liquidity Direct Growth has been there from 31 Dec 2012 and the average annual returns provided by this fund is 5.40% since its inception.

  • Risk: Low
  • 1-Year Returns: 6.20%
  • 3-Year Returns: 4.27%
  • 5-Year Returns: 5.20%
  • AUM: ₹12,106.50 Crores

11. Nippon India Liquid Fund

‍Nippon India Liquid Fund is a relatively low risk debt fund that invests in high grade bonds (A1+) and other debt securities. It's been known to generate predictable returns because it takes as little as 3 months for its portfolio to mature.

  • Risk: Low
  • 1-Year Returns: 6.19%
  • 3-Year Returns: 4.26%
  • 5-Year Returns: 5.25%
  • AUM: ₹23.756 crores

12. Kotak Liquid Fund

The Kotak Liquid Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 5.35% since its inception.

  • Risk: Low
  • 1-Year Returns: 6.16%
  • 3-Year Returns: 4.25%
  • 5-Year Returns: 5.16%
  • AUM: ₹192.67 Crores

13. HDFC Liquid Fund


HDFC liquid fund invests in debt and money market securities with thorough credit analysis. The fund's portfolio matures in 91 days or less. HDFC liquid fund has been active since October 2000.

  • Risk: Low
  • 1-Year Returns: 6.19%
  • 3-Year Returns: 4.24%
  • 5-Year Returns: 5.16%
  • AUM: ₹54,262.71 Crores

14.  Sundaram Liquid Fund

The Sundaram Liquid Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 5.45% since its inception.

  • Risk: Low
  • 1-Year Returns: 6.23%
  • 3-Year Returns: 4.23%
  • 5-Year Returns: 3.17%
  • AUM: ₹3,609.24 Crores

 15. SBI Arbitrage Opportunities Fund

The SBI Arbitrage Opportunities Fund Direct Growth has been there from 10 Jan 2013 and the average annual returns provided by this fund is 5.38% since its inception.

  • Risk: Low
  • 1-Year Returns: 6.01%
  • 3-Year Returns: 4.17%
  • 5-Year Returns: 4.94%
  • AUM: ₹7,493.91 Crores

16. Edelweiss Liquid Fund

The Edelweiss Liquid Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 5.40% since its inception.

  • Risk: Low
  • 1-Year Returns: 5.23%
  • 3-Year Returns: 4.07%
  • 5-Year Returns: 5.18%
  • AUM: ₹1,397.20 Crores

17. Franklin India Overnight Fund

The Franklin India Overnight Fund Direct Growth has been there from 08 May 2019 and the average annual returns provided by this fund is 5.13% since its inception.

  • Risk: Low
  • 1-Year Returns: 5.82%
  • 3-Year Returns: 4.01%
  • AUM: ₹192.67 Crores

‍18.  WhiteOak Capital Liquid Fund

WhiteOak Capital Liquid Fund Direct - Growth scheme has below-average consistency in delivering returns compared to similar funds. It has limited ability to mitigate losses in a declining market. However, its top holdings include Reserve Bank of India, Axis Bank Ltd., Kotak Mahindra Bank Ltd., Canara Bank, and Small Industries Devp. Bank of India Ltd.

  • Risk: Low
  • 1-Year Returns: 6.07%
  • 3-Year Returns: 4.01%
  • AUM: ₹192.67 Crores

19. Motilal Oswal Liquid Fund

The Motilal Oswal Liquid Fund Direct Growth has been there from 20 Dec 2018 and the average annual returns provided by this fund is 5.02% since its inception.

  • Risk: Low
  • 1-Year Returns: 5.73%
  • 3-Year Returns: 3.89%
  • AUM: ₹465.59 Crores

20. Bandhan Arbitrage Fund

Bandhan Arbitrage Fund Regular-Growth scheme consistently delivers returns in line with similar funds. Its ability to mitigate losses in a declining market is average. The fund primarily invests in Financial, Healthcare, Energy, Consumer Staples, and Services sectors. It has allocated a lower proportion of its assets to Financial and Healthcare sectors compared to other funds in its category.

  • Risk: Low
  • 1-Year Returns: 4.43%
  • 3-Year Returns: 2.89%
  • 5-Year Returns: 4.87%
  • AUM: ₹3,325 Crores

List Of Best Debt Mutual Fund SIPs In India

1. ICICI Prudential Corporate Bond Fund

ICICI Prudential Corporate Bond Fund is suitable for investors who aim to invest in AA+ or above rated corporate bonds. The fund has been in the market since 2009 and has generated 6.93% since inception.

  • Risk: Medium
  • 1-Year Returns: 7.29%
  • 3-Year Returns: 5.87%
  • 5-Year Returns: 7.36%
  • AUM: ₹16682.77 crores

2. Bandhan Banking and PSU Bank Fund

Bandhan Banking & PSU Debt Fund Direct-Growth scheme consistently delivers returns in line with similar funds. It has above-average ability to mitigate losses in a declining market. 

  • Risk: Medium
  • 1-Year Returns: 6.46%
  • 3-Year Returns: 5.24%
  • 5-Year Returns: 7.60%
  • AUM: ₹15,133 crores

3. Axis Banking and PSU Debt Fund

The Axis Banking & PSU Debt Direct Plan Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 4.01% since its inception.

  • Risk: Medium
  • 1-Year Returns: 5.99%
  • 3-Year Returns: 5.08%
  • 5-Year Returns: 7.15%
  • AUM: ₹13314.23 crores

4. Axis Money Market Fund

The Axis Money Market Fund Direct Growth has been there from 06 Aug 2019 and the average annual returns provided by this fund is 5.35% since its inception.

  • Risk: Medium
  • 1-Year Returns: 6.72%
  • 3-Year Returns: 4.98%
  • 5-Year Returns: 6.30%
  • AUM: ₹4,040.42 crores

5. HDFC Money Market Fund

The HDFC Money Market Fund Growth has been there from 18 Nov 1999 and the average annual returns provided by this fund is 5.15% since its inception.

  • Risk: Medium
  • 1-Year Returns: 6.53%
  • 3-Year Returns: 4.87%
  • 5-Year Returns: 6.16%
  • AUM: ₹14,821.28 crores

6. HDFC Ultra Short Term Fund

HDFC Ultra Short Term Fund Direct-Growth consistently delivers returns in line with its category and demonstrates above-average ability to control losses in a falling market. It has a high credit profile, lending to excellent quality borrowers.

  • Risk: Medium
  • 1-Year Returns: 6.18%
  • 3-Year Returns: 4.73%
  • AUM: ₹3,704 crores

7. Bandhan Ultra Short Term Fund

Bandhan Ultra Short Term Fund Direct-Growth delivers consistent returns, but its ability to control losses in a falling market is below average. It has a high credit profile and top holdings.

  • Risk: Medium
  • 1-Year Returns: 6.25%
  • 3-Year Returns: 4.39%
  • AUM: ₹3,704 crores

8. Bandhan Dynamic Bond Fund

Bandhan Dynamic Bond Fund Direct-Growth is a 10-year-old medium-sized mutual fund scheme. The fund's ability to deliver consistent returns is in-line with its category, but its ability to control losses in a falling market is below average. It has a high credit profile and top holdings in GOI.

  • Risk: Medium
  • 1-Year Returns: 7.16%
  • 3-Year Returns: 3.81%
  • 5-Year Returns: 7.38%
  • AUM: ₹2,354 crores

List Of Best Conservative Mutual Fund SIPs In India

1. Kotak Nifty 50 Index Fund

Kotak Nifty 50 Index Fund generates returns that are commensurate with the performance of the NIFTY 50 Index, subject to tracking errors. The average annual returns provided by this fund is 6.76% since its inception.

  • Risk: Low
  • 1-Year Returns: 12.27 %
  • AUM: ₹251.75 crores

2. HDFC Top 100 Fund

HDFC Top 100 Fund Direct Plan-Growth scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is high.

  • Risk: Low
  • 1-Year Returns: 19.4%
  • 3-Year Returns: 26.45%
  • 5-Year Returns: 12.08%
  • AUM: ₹23,821 crores

3. ICICI Prudential Bluechip Fund

The ICICI Prudential Bluechip Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 7.03% since its inception.

  • Risk: Low
  • 1-Year Returns: 13.44%
  • 3-Year Returns: 25.75%
  • 5-Year Returns: 12.12%
  • AUM: ₹35,049.23 crores

4. HDFC Gold Fund

The Current Net Asset Value of the HDFC Gold Fund as of Jun 22, 2023 is Rs 18.06 for Growth option of its Regular plan.

  • Risk: Low
  • 1-Year Returns: 15.92%
  • 3-Year Returns: 6.61%
  • 5-Year Returns: 12.71%
  • AUM: ₹1553.84 crores

5. Kotak Gold Fund 

The Kotak Gold Fund - Growth is an open-ended Fund of Fund (FoF) scheme that invests in Kotak Gold ETF units. Ideal for capital growth, it offers growth and dividend plans with dividend payout/reinvestment options. Moderately high risk. SIP, STP, and SWP available.

  • Risk: Low
  • 1-Year Returns: 15.34%
  • 3-Year Returns: 6.55%
  • 5-Year Returns: 13.12%

List Of Best Moderate Mutual Fund SIPs in India

1. Mahindra Manulife Focused Equity Yojana

Mahindra Manulife Focused Equity Yojana fund is an equity mutual fund scheme launched by Mahindra Mutual Fund. Mahindra Manulife Focused Equity Yojana fund was made available to investors in 2016. 

  • Risk: Medium
  • AUM: ₹4,742 crores

2. Kotak Nifty Next 50 Index Fund

The Kotak Nifty Next 50 Index Fund Direct Growth has been there from 02 Mar 2021 and the average annual returns provided by this fund is -4.74% since its inception.

  • Risk: Medium
  • 1-Year Returns: 8.17%
  • AUM: ₹102.60 crores

3. Kotak Multicap Fund

Kotak Multicap Fund Direct - Growth is a Multi Cap mutual fund scheme from Kotak Mahindra MutualFund.. This fund has been in existence for 1 yrs 9 m, having been launched on 08/09/2021. It primarily invests in the Financial, Consumer Staples, Automobile, Energy, and Services sectors

  • Risk: Medium
  • 1-Year Returns: 20.79%
  • AUM: ₹4,456 crores

4. Quant Quantamental Fund

Quant Quantamental Fund Direct - Growth is a Thematic mutual fund scheme from Quant Mutual Fund. The fund has the majority of its money invested in Construction, Energy, Financial, Technology, Healthcare sectors. The fund's top 5 holdings are in Reliance Industries Ltd., HDFC Bank Ltd., DLF Ltd., LTIMindtree LtdLarsen & Toubro Ltd.

  • Risk: Medium
  • 1-Year Returns: 25.96%
  • AUM: ₹668 crores

5. WhiteOak Capital Flexi Cap Fund

This Scheme aims to provide the benefits of diverse market capitalizations without predetermined allocations. The Fund Manager has flexibility in company allocation based on fundamentals and long-term growth potential, aiming to unlock growth opportunities for investors.

  • Risk: Low
  • 1-Year Returns: NA
  • 3-Year Returns: NA
  • AUM: ₹1,318.30 crores

6. SBI Contra Fund

SBI Contra Direct Plan-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.

  • Risk: Low
  • 1-Year Returns: 22.48%
  • 3-Year Returns: 43.15%
  • 5-Year Returns: 16.34%
  • AUM: ₹10,565 crores

7. Quant Flexi Cap Fund

Quant Flexi Cap Fund Direct-Growth scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is above average.

  • Risk: Medium
  • 1-Year Returns: 15.68%
  • 3-Year Returns: 14.77%
  • 5-Year Returns: 18.79%
  • AUM: ₹1,449 crores

8. Quant Active Fund

Quant Active Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.

  • Risk: Medium
  • 1-Year Returns: 12.31%
  • 3-Year Returns: 38.85%
  • 5-Year Returns: 20.19%
  • AUM: ₹4,337 crores

9. ICICI Prudential India Opportunities Fund

The ICICI Prudential India Opportunities Fund Direct Growth has been there from 15 Jan 2019 and the average annual returns provided by this fund is 16.04% since its inception.

  • Risk: Medium
  • 1-Year Returns: 19.33%
  • 3-Year Returns: 35.97%
  • AUM: ₹7224.58 crores

10. HDFC Focused 30 Fund

HDFC Focused 30 Fund Direct Plan-Growth scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is high.

The fund has the majority of its money invested in Financial, Healthcare, Technology, Automobile, Construction sectors. 

  • Risk: Medium
  • 1-Year Returns: 20.24%
  • 3-Year Returns: 38.81%
  • 5-Year Returns: 12.28%
  • AUM: ₹4,783 crores

11. Templeton India Equity Income Fund

Templeton India Equity Income Direct Plan-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.The fund has the majority of its money invested in Energy, Technology, Consumer Staples, Materials, Construction sectors. 

  • Risk: Medium
  • 1-Year Returns: 9.01%
  • 3-Year Returns: 33.79%
  • 5-Year Returns: 13.52%
  • AUM: ₹1,446 crores

12. HDFC large and Midcap Fund

The HDFC Large and Mid Cap Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 10.80% since its inception.

  • Risk: Medium
  • 1-Year Returns: 17.28%
  • 3-Year Returns: 33.10%
  • 5-Year Returns: 13.72%
  • AUM: ₹7,865.66 crores

13. ICICI Prudential Large & Mid Cap Fund

ICICI Prudential Large & Mid Cap Fund Direct Plan-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is high.The fund has the majority of its money invested in Financial, Energy, Automobile, Healthcare, Technology sectors.

  • Risk: Medium
  • 1-Year Returns: 16.25%
  • 3-Year Returns: 32.32%
  • 5-Year Returns: 13.92%
  • AUM: ₹8,030 crores

14. Quant Large and Mid Cap Fund

Quant Large and Mid Cap Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.

The fund has the majority of its money invested in Financial, Construction, Energy, Healthcare, Metals & Mining sectors.

  • Risk: Medium
  • 1-Year Returns: 11.4%
  • 3-Year Returns: 26.33%
  • 5-Year Returns: 14.52%
  • AUM: ₹821 crores


List Of Best Aggressive Mutual Fund SIPs In India

1. Nippon India Nifty Smallcap 250 Index fund

The Nippon India Nifty Smallcap 250 Index Fund Direct Growth has been there from 16 Oct 2020 and the average annual returns provided by this fund is 1.79% since its inception.

  • Risk: High
  • 1-Year Returns: 13.91%
  • AUM: ₹397.10 crores

2. Nippon India Nifty Midcap 150 Index fund

Nippon India Nifty Midcap 150 Index Fund Direct-Growth has delivered impressive returns. It invests mainly in Financial, Healthcare, Automobile, Services, and Capital Goods sectors, with top holdings in Max Healthcare, Shriram Finance, AU Small Finance Bank, Trent, and Indian Hotels.

  1. Risk: High
  2. 1-Year Returns: 18.7%
  3. AUM: ₹707 crores

3. Quant Small Cap Fund

The Quant Small Cap Fund Direct Plan Growth has been there from 07 Jan 2013 and the average annual returns provided by this fund is 15.33% since its inception.

  • Risk: High
  • 1-Year Returns: 25.65%
  • 3-Year Returns: 63.25%
  • 5-Year Returns: 24.61%
  • AUM: ₹2,870.43 crores

4. ICICI Prudential Small Cap Fund

The ICICI Prudential Smallcap Fund Direct Plan Growth has been there from 02 Jan 2013 and the average annual returns provided by this fund is 12.72% since its inception.

  • Risk: High
  • 1-Year Returns: 18.29%
  • 3-Year Returns: 46.30%
  • 5-Year Returns: 16.31%
  • AUM: ₹4,598.77 crores

5. Canara Robeco Small Cap Fund

Canara Robeco Small Cap Fund Direct-Growth demonstrates consistent returns in line with its category and exhibits above-average ability to control losses during market downturns. The fund primarily invests in the Financial, Services, Capital Goods, Materials, and Healthcare sectors, with relatively lower exposure to Financial and Services sectors compared to other funds in its category.

  • Risk: High
  • 1-Year Returns: 12.31%
  • 3-Year Returns: 44.37%
  • AUM: ₹5,986 crores

6. Quant Mid Cap Fund

Quant Mid Cap Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average. The fund has the majority of its money invested in Financial, Healthcare, Energy, Automobile, Services sectors.

  • Risk: High
  • 1-Year Returns: 13.61%
  • 3-Year Returns: 37.78%
  • 5-Year Returns: 18.98%
  • AUM: ₹1,973 crores

7. Nippon India Growth Fund

Nippon India Growth Fund Direct- Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.The fund has the majority of its money invested in Financial, Services, Healthcare, Capital Goods, Technology sectors.

  • Risk: High
  • 1-Year Returns: 20.17%
  • 3-Year Returns: 36.35%
  • 5-Year Returns: 15.78%
  • AUM: ₹15,165 crores

8. Kotak Emerging Equity Fund

Kotak Emerging Equity Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.The fund has the majority of its money invested in Capital Goods, Financial, Materials, Chemicals, Consumer Discretionary sectors

  • Risk: High
  • 1-Year Returns: 16.71%
  • 3-Year Returns: 34.84%
  • 5-Year Returns: 14.97%
  • AUM: ₹27,871 crores

List Of Best International Mutual Fund SIPs In India

1. Invesco EQQQ Nasdaq 100 ETF  Fund of Fund

The Invesco India Invesco EQQQ NASDAQ 100 ETF FoF Direct Growth has been there from 21 Apr 2022 and the average annual returns provided by this fund is NA% since its inception.

  • Risk: High
  • AUM: ₹142.88 crores

List Of Best Tax Saving Mutual Fund SIPs In India

1. Kotak Tax Saver Fund

The Kotak Tax Saver Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 9.64% since its inception.

  • Risk: High
  • 1-Year Returns: 16.20%
  • 3-Year Returns: 27.66%
  • 5-Year Returns: 14.03%
  • AUM: ₹3,161.09 crores

2. Quant Tax Plan

The Quant Tax Plan Direct Growth has been there from 07 Jan 2013 and the average annual returns provided by this fund is 8.97% since its inception.

  • Risk: High
  • 1-Year Returns: 11.07%
  • 3-Year Returns: 42.32%
  • 5-Year Returns: 21.68%
  • AUM: ₹2,506.48 crores

Benefits Of SIP

A Systematic Investment Plan or SIP is a method of investing in mutual fund schemes. Investing in SIPs is a methodical and diligent approach preferred by several investors.

Here are some key benefits you get if you invest in mutual funds through the SIP route:

  • SIPs can be for the short term or for the long term
  • You can start a SIP with as little as Rs.500 per month
  • SIPs offer you the flexibility of increasing or decreasing your investment amount
  • They offer easy liquidity compared to investments that offer similar returns
  • SIPs allow you to choose the duration of your investment
  • You can diversify your portfolio through multiple SIPs
  • SIPs are safer than investing directly in stocks
  • You do not need to be involved in the stock market on a daily basis to invest in SIPs
  • Benefit from compound interest and rupee cost averaging
  • SIPs can be automated using apps like Cube Wealth so they are easy investments

Who Should Invest in SIP?

Everyone! Even if you have other investments, there are no good reasons to not invest in mutual funds using SIPs. The above-listed benefits will make it clear that having SIPs is a great way to invest and will work even for seasoned investors.

Essentially, anyone who is looking to create long term wealth and is not chasing a get rich quick scheme should invest using SIPs.

If you look at SIP returns over the past decade you will realize that no matter how severe a dip the market sees, mutual fund investments have almost always been safe and when it comes to those who invest even through the lows, mutual fund investments via the SIP route reap rich returns and dividends.

However, one must ensure they consult a wealth coach and only invest in mutual funds after clearly understanding their risk appetite, financial goals and needs.

How To Evaluate Best SIP Mutual Funds?

To identify the best SIP Mutual Funds, you must take multiple things into account:

  • See the historical returns of the fund: The past performance of a fund over 5+ years can help you understand the rate of returns and the post-tax profits.
  • Compare the funds returns with other funds in the same category: A good fund will have better returns than its benchmark and other funds from the same category.
  • Learn about the fund manager and their track record: More insight into the strategy of a fund manager can be helpful. Look out for investment objective changes, frequent rebalancing, and other such instances. 
  • Understand which sectors/companies the mutual fund invests in: Identify whether the fund is investing in booming sectors like financials and tech compared to pandemic affected sectors like retail and aviation. This could be crucial to invest in SIPs. 
  • See what the goal of the fund is as declared by the asset management firm: The fund objective can help you determine whether you should invest in the mutual fund SIP.

SIP Investment Mistakes To Avoid

  • Don’t try to time the market
  • Don’t miss a single SIP payment Be consistent
  • Don’t invest for quick returns
  • Don’t invest without talking to a Cube Wealth Coach
  • Don’t invest in too many funds- pick a few that work and stick to them
  • Don’t leave SIPs payments to memory – automate your investments

How To Invest In SIPs?

Broadly speaking, there are two simple ways of buying mutual funds in India – one where you invest a big amount in one go (Lump Sum Investment) & the other where you invest small yet substantial amounts at regular intervals (SIP). Let’s look at both of these a little more closely:

1. Lumpsum Investments

This is when you invest a large sum of money to buy mutual funds in one single transaction. This way you buy a big chunk of a mutual fund scheme that you believe will perform well in the long run.

A lump sum investment works well when the market is down or when you’re investing for the long term and have a good risk appetite. People generally do this when they receive a large sum of money from retirement or sale of a house etc.

However, most people can not afford to risk a large sum of money. Which is why they use Systematic Investment Plans (SIPs)

2. Systematic Investment Plan (SIP)

In this method of mutual fund investment you can give your bank a standing instruction to automatically debit a fixed amount of money from your account every month, quarter or year.

This fixed amount of money is invested in a mutual fund scheme of your choice. This is a more disciplined and hands-off approach to investing in mutual funds. You can use the Cube Wealth App to safely invest in Mutual Funds via the SIP route.

FAQs

1. How can you start Investing in SIP?

Ans. The Cube Wealth app is the easiest way to invest in SIPs. You can invest in SIPs for as low as ₹1000.

2. Which SIP is best for Investment?

Ans. You can invest in the best mutual funds via SIPs on the Cube Wealth app. These funds are hand-picked by our wealth advisor, Wealth First. Speak to a wealth coach to know which best SIP investment could work for you. 

3. Is SIP safe to invest?

Ans. Safe is a relative term. However, investing in an SIP helps you think long term and worry less about short term market fluctuations.

4. Can you lose money in SIP?

Ans. Based on bad investing decisions, market fluctuations, or both, there is a risk involved in SIPs just like every other investment. Speak to a wealth coach to invest in the best SIPs.

5. Is it the right time to invest in SIP?

Ans. Mutual fund SIPs are known to average out losses and produce favorable returns over the long term. So it is never too late to invest in a mutual fund SIP. Speak to a wealth coach or download the Cube Wealth app to know more.

Other Blogs You May Like: 

Rishabh P Nair

Rishabh P Nair is the Head Of Brand Content at Cube Wealth. Rishabh has been weaving stories for over 10 years and prides himself on building brands with a strong identity.

Top 5 Reasons To Try Our Powerful Investment App!
  • High Quality Mutual Funds
  • Top Notch Stock Advisory
  • Invest in U.S. Stocks
  • Alternative Investments
  • Low Minimum Investments

Grow your money without wasting time

on stock picking, poring over excel sheets, financial news, analyzing market trends, tracking the Sensex, researching company fundamentals, comparing mutual funds, reading financial reports, trying to predict the future & losing your sanity!

Download Cube >Download Cube >