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. Speak to a wealth coach or download the Cube Wealth app to know more.
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 + 3 bonus mutual fund SIPs are handpicked by our mutual fund advisor, Wealth First.
- Nippon India Liquid Fund
- SBI Liquid Fund
- HDFC Liquid Fund
- Invesco India Liquid Fund
- ICICI Prudential Liquid Fund
- Mirae Asset Cash Management Fund
- Axis Liquid Fund
- Motilal Oswal Liquid Fund
- SBI Arbitrage Opportunities Fund
- IDFC Arbitrage Fund
- Franklin India Overnight Fund
- Kotak Liquid Fund
- Canara Robeco Liquid Fund
- Edelweiss Liquid Fund
- DSP Liquidity Fund
- PGIM India Liquid Fund
- Sundaram Liquid Fund
- Mahindra Manulife Liquid Fund
- Quant Liquid Fund
- IDFC Banking & PSU Debt Fund
- HDFC Ultra Short Term Fund
- ICICI Prudential Corporate Bond Fund
- Axis Banking and PSU Debt Fund
- IDFC Ultra Short Term Fund
- IDFC Dynamic Bond Fund
- Axis Money Market Fund
- HDFC Money Market Fund
- Kotak Bluechip Fund
- ICICI Prudential Bluechip Fund
- Kotak Nifty 50 Index Fund
- PGIM India Flexi Cap Fund
- Nippon India FlexiCap Fund
- Quant Active Fund
- Mahindra Manulife MultiCap Badhat Yojana
- Mahindra Manulife Focused Equity Yojana
- HDFC large and Midcap Fund
- Mirae Asset Focused Fund
- Invesco India Contra Fund
- Kotak Equity Opportunities Fund
- Canara Robeco Emerging Equities Fund
- HDFC Flexi Cap Fund
- ICICI Prudential India Opportunities Fund
- Kotak Nifty Next 50 Index Fund
- Kotak Emerging Equity Fund
- Motilal Oswal Midcap Fund
- ICICI Prudential Small Cap Fund
- Kotak Small Cap Fund
- PGIM India Midcap Opportunities Fund
- Nippon India Nifty Smallcap 250 Index fund
- Quant Small Cap Fund
- Invesco EQQQ Nasdaq 100 ETF Fund of Fund
- Kotak Tax Saver Fund
- Quant Tax Plan
List Of Best Liquid Mutual Fund SIPs In India
1. 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: 14.4%
- 3-Year Returns: 33.1%
- 5-Year Returns: 14.8%
- AUM: ₹23.756 crores
2. 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: 3.12%
- 3-Year Returns: 7%
- 5-Year Returns: 12.4%
- AUM: ₹63,100 Crores
3. 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: 3.12%
- 3-Year Returns: 6.96%
- 5-Year Returns: 12.31%
- AUM: ₹54,262.71 Crores
4. 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: 3.14%
- 3-Year Returns: 7.03%
- 5-Year Returns: 12.39%
- AUM: ₹6,926.45 Crores
5. 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: 3.11%
- 3-Year Returns: 6.97%
- 5-Year Returns: 12.44%
- AUM: ₹47482.72 Crores
6. 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: 5.2%
- 3-Year Returns: 4.1%
- 5-Year Returns: 5.1%
- AUM: ₹5,737.02 Crores
7. 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: 5.2%
- 3-Year Returns: 4.1%
- 5-Year Returns: 5.1%
- AUM: ₹29,631.79 Crores
8. 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: 5.2%
- 3-Year Returns: 4.1%
- AUM: ₹465.59 Crores
9. 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: 4.2%
- 3-Year Returns: 3.7%
- 5-Year Returns: 4.6%
- AUM: ₹7,493.91 Crores
10. IDFC Arbitrage Fund
The IDFC Arbitrage Fund Direct Growth has been there from 31 Dec 2012 and the average annual returns provided by this fund is 5.17% since its inception.
- Risk: Low
- 1-Year Returns: 4.2%
- 3-Year Returns: 3.7%
- 5-Year Returns: 4.6%
- AUM: ₹3,621.88 Crores
11. 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: 5.1%
- 3-Year Returns: 4.1%
- AUM: ₹192.67 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: 5.2%
- 3-Year Returns: 4.1%
- 5-Year Returns: 5.1%
- AUM: ₹192.67 Crores
13. 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: 5.2%
- 3-Year Returns: 4.1%
- 5-Year Returns: 5.1%
- AUM: ₹3,169.45 Crores
14. 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: 5.2%
- 3-Year Returns: 4.1%
- 5-Year Returns: 5.1%
- AUM: ₹1,397.20 Crores
15. 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: 5.2%
- 3-Year Returns: 4.1%
- 5-Year Returns: 5.1%
- AUM: ₹12,106.50 Crores
16. 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: 5.2%
- 3-Year Returns: 4.1%
- 5-Year Returns: 5.1%
- AUM: ₹730.34 Crores
17. 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: 5.2%
- 3-Year Returns: 4.1%
- 5-Year Returns: 5.1%
- AUM: ₹3,609.24 Crores
18. 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: 5.2%
- 3-Year Returns: 4.1%
- 5-Year Returns: 5.1%
- AUM: ₹520.37 Crores
19. 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: 5.2%
- 3-Year Returns: 4.1%
- 5-Year Returns: 5.1%
- AUM: ₹1,481.12 Crores
List Of Best Debt Mutual Fund SIPs In India
1. IDFC Banking & PSU Debt Fund
IDFC Banking & PSU Debt Fund is an open-ended debt scheme that invests in high grade bonds (AAA, A1+) issued by banks and public sector undertakings. Debt funds from this category are known to generate solid returns that's generally better than bank FDs.
- Risk: Medium
- 1-Year Returns: 6.70%
- 3-Year Returns: 9.69%
- 5-Year Returns: 8.09%
- AUM: ₹18,547 crores
2. HDFC Money Market Fund
HDFC Money Market Fund invests in securities from the money market in order to generate predictable returns better than an average bank FD. The fund has been in the market since 1999 and has generated 7.38% since inception.
- Risk: Medium
- 1-Year Returns: 4.57%
- 3-Year Returns: 6.90%
- 5-Year Returns: 6.81%
3. 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: 4.57%
- 3-Year Returns: 6.90%
- 5-Year Returns: 6.81%
- AUM: ₹16682.77 crores
4. 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: 2.26%
- 3-Year Returns: 5.67%
- 5-Year Returns: 6.35%
- AUM: ₹13314.23 crores
5. IDFC Ultra Short Term Fund
The IDFC Ultra Short Term Fund Direct Growth has been there from 18 Jul 2018 and the average annual returns provided by this fund is 5.05% since its inception.
- Risk: Medium
- 1-Year Returns: 4.7%
- 3-Year Returns: 4.4%
- AUM: ₹3,935.34 crores
6. IDFC Dynamic Bond Fund
The IDFC Dynamic Bond Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 1.89% since its inception.
- Risk: Medium
- 1-Year Returns: 3.4%
- 3-Year Returns: 4.9%
- 5-Year Returns: 6.3%
- AUM: ₹13314.23 crores
7. 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: 4.8%
- 3-Year Returns: 4.6%
- 5-Year Returns: 6.35%
- AUM: ₹4,040.42 crores
8. 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: 4.8%
- 3-Year Returns: 4.6%
- 5-Year Returns: 5.7%
- AUM: ₹14,821.28 crores
List Of Best Conservative Mutual Fund SIPs In India
1. Kotak Bluechip Fund
An open-ended equity fund that invests in leading companies with large market capitalization across various sectors which have the potential to give stable returns. The average annual returns provided by this fund is 13.96% since its inception.
- Risk: Low
- 1-Year Returns: 1.85%
- 3-Year Returns: 23.01%
- 5-Year Returns: 39.39%
- AUM: ₹13314.23 crores
2. 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: 2.7%
- 3-Year Returns: 15.7%
- 5-Year Returns: 10.6%
- AUM: ₹35,049.23 crores
3. 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: 1.7 %
- AUM: ₹251.75 crores
List Of Best Moderate Mutual Fund SIPs in India
1. PGIM India Flexi Cap Fund
Flexi Cap Fund is an open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks. The average annual returns provided by this fund is 10.46% since its inception.
- Risk: Medium
- 1-Year Returns: 2.53%
- 3-Year Returns: 15.92%
- 5-Year Returns: 10.47%
- AUM: ₹5,236 crores
2. Nippon India FlexiCap Fund
The Nippon India Flexi Cap Fund Direct Growth has been there from 16 Aug 2021 and the average annual returns provided by this fund is 4.00% since its inception.
- Risk: Medium
- 1-Year Returns: 1.9%
- AUM: ₹4,167.65 crores
3. Quant Active Fund
The Quant Active Fund Direct Growth has been there from 07 Jan 2013 and the average annual returns provided by this fund is 7.97% since its inception.
- Risk: Medium
- 1-Year Returns: 6.8%
- AUM: ₹3,544.03 crores
4. Mahindra Manulife MultiCap Badhat Yojana
The Mahindra Manulife Multi Cap Badhat Yojana Direct Growth has been there from 11 May 2017 and the average annual returns provided by this fund is 4.67% since its inception.
- Risk: Medium
- 1-Year Returns: 6.8%
- AUM: ₹1,544.63crores
5. 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
6. 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: 4.5%
- 3-Year Returns: 17.2%
- 5-Year Returns: 10.2%
- AUM: ₹7,865.66 crores
7. Mirae Asset Focused Fund
The Mirae Asset Focused Fund Direct Growth has been there from 15 May 2019 and the average annual returns provided by this fund is -1.04% since its inception.
- Risk: Medium
- 1-Year Returns: 2.9%
- 3-Year Returns: 15.3%
- AUM: ₹8,802.49crores
8. Invesco India Contra Fund
The Invesco India Contra Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 7.14% since its inception.
- Risk: Medium
- 1-Year Returns: 8.3%
- 3-Year Returns: 20.9%
- 5-Year Returns: 10.8%
- AUM: ₹9,490.82 crores
9. Kotak Equity Opportunities Fund
The Kotak Equity Opportunities Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 10.69% since its inception.
- Risk: Medium
- 1-Year Returns: 4.5%
- 3-Year Returns: 17.2%
- 5-Year Returns: 10.2%
- AUM: ₹11,555.33 crores
10. Canara Robeco Emerging Equities Fund
The Canara Robeco Emerging Equities Fund Direct Growth has been there from 02 Jan 2013 and the average annual returns provided by this fund is 2.79% since its inception.
- Risk: Medium
- 1-Year Returns: 4.5%
- 3-Year Returns: 17.2%
- 5-Year Returns: 10.2%
- AUM: ₹15,499.66 crores
11. HDFC Flexi Cap Fund
The HDFC Flexi Cap Direct Plan Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 16.86% since its inception.
- Risk: Medium
- 1-Year Returns: 2.9%
- 3-Year Returns: 15.3%
- 5-Year Returns: 10%
- AUM: ₹32,154.52 crores
12. 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: 6.6%
- 3-Year Returns: 19.1%
- AUM: ₹7224.58 crores
13. 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: 2.7%
- AUM: ₹102.60 crores
List Of Best Aggressive Mutual Fund SIPs In India
1. Motilal Oswal Midcap Fund
The Motilal Oswal Midcap Fund Direct Growth has been there from 24 Feb 2014 and the average annual returns provided by this fund is 19.17% since its inception.
- Risk: High
- 1-Year Returns: 7.5%
- 3-Year Returns: 21%
- 5-Year Returns: 11.1%
- AUM: ₹3,626.84 crores
2. 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: 6.6%
- 3-Year Returns: 27.2%
- 5-Year Returns: 11.6%
- AUM: ₹4,598.77 crores
3. Kotak Small Cap Fund
The Kotak Small Cap Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 4.57% since its inception.
- Risk: High
- 1-Year Returns: 6.6%
- 3-Year Returns: 27.2%
- 5-Year Returns: 11.6%
- AUM: ₹8,498.04 crores
4. PGIM India Midcap Opportunities Fund
The PGIM India Midcap Opportunities Fund Direct Growth has been there from 02 Dec 2013 and the average annual returns provided by this fund is 6.32% since its inception.
- Risk: High
- 1-Year Returns: 7.5%
- 3-Year Returns: 21%
- 5-Year Returns: 11.1%
- AUM: ₹7,557.96 crores
5. 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: 6.6%
- AUM: ₹397.10 crores
6. 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: 6.6%
- 3-Year Returns: 27.2%
- 5-Year Returns: 11.6%
- AUM: ₹2,870.43 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: 4.5%
- 3-Year Returns: 16.6%
- 5-Year Returns: 9.9%
- 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: 4.5%
- 3-Year Returns: 16.6%
- 5-Year Returns: 9.9%
- 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. Speak to a wealth coach or download the Cube Wealth app to know more.
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.
Conclusion
Selecting the right Systematic Investment Plans (SIPs) for your investment portfolio in 2023-24 is a critical decision that can significantly impact your financial future. The list of 50 Best SIPs presented here offers a diverse range of options to cater to various risk profiles, investment horizons, and financial goals.
It is important to recognize that while SIPs are considered a disciplined and less volatile way to invest in mutual funds, they are not entirely risk-free. The performance of SIPs can vary based on market conditions, fund management, and other factors. Therefore, before making investment decisions, it is essential to thoroughly assess your risk tolerance and align your investments with your financial objectives.
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