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.
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.
The top 50 best + 7 bonus mutual fund SIPs are handpicked by our mutual fund advisor, Wealth First.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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:
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.
To identify the best SIP Mutual Funds, you must take multiple things into account:
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:
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)
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.
Ans. The Cube Wealth app is the easiest way to invest in SIPs. You can invest in SIPs for as low as ₹1000.
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.
Ans. Safe is a relative term. However, investing in an SIP helps you think long term and worry less about short term market fluctuations.
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.
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.
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