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A Systematic Investment plan (SIP) is considered to be the most efficient way to invest in Mutual Funds, especially for the long-term plan. It permits investors to purchase a unit on a particular date every month in order to implement a long-term savings plan. One of the reasons why investors feel comfortable towards Investing in SIP is the flexibility they offer. Investors can invest in SIP on either monthly, quarterly or weekly Basis, as per their convenience. Let’s learn more about how one can achieve their Financial goals with systematic investment plans, how sip calculator is helpful in investment, along with best mutual funds in India for SIP.
SIP is designed in a way that one can easily pre-plan their investments and invest according to their financial goals. But, one has to invest for a long-time to achieve goals via SIP. Generally, SIP is widely used for planning goals like-
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One can start investing in SIPs with an amount as minimum as INR 500 and INR 1000. Once you begin investing in SIP your money start going each day as it is exposed to the stock Market. That is why SIPs as a route is mostly preferred in Equity Funds. Moreover, historically, investment in equity stocks has given impressive returns amongst all the other asset classes, if the investment was done with discipline and with a long-term horizon.
SIP in equity helps to avoid the risk of timing the market and facilitate wealth creation by averaging the cost of investment. Let’s look at some more Benefits of SIP that helps in achieving long-term goals:
Power of Compounding- Simple interest is when you gain interest on only the principal. In the case of compound interest, the interest amount is added to the principal, and interest is calculated on the new principal (old principal plus gains). This process continues every time. Since SIP in Mutual Funds are in instalments, they are compounded, which adds more to the initially invested sum.
Risk reduction- Given that a SIP is spread over a long period of time, one catches all periods of the stock market, the ups and more importantly the downturns. In downturns, when fear catches most investors, SIP instalments continue ensuring the investors buy “low”.
Convenience of SIPs- Convenience is one of the biggest benefits of a SIP. A user has to sign-up one-time and go through documentation. Once done, thereafter debits for subsequent investments take place automatically and the investor just has to monitor the investments.
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Nippon India Large Cap Fund Growth ₹76.9529
↑ 0.36 ₹22,767 100 7.5 17.3 43.8 23.6 17.3 32.1 ICICI Prudential Bluechip Fund Growth ₹94.88
↑ 0.63 ₹51,554 100 8.9 20.1 41.5 20.7 17.9 27.4 HDFC Top 100 Fund Growth ₹1,015.89
↑ 4.87 ₹31,653 300 5.7 17.4 39.3 20.5 15.6 30 BNP Paribas Large Cap Fund Growth ₹194.796
↑ 0.96 ₹1,806 300 9.9 20.7 40.2 18.2 17.7 24.8 TATA Large Cap Fund Growth ₹437.817
↑ 1.68 ₹1,968 150 4.3 15.4 34.2 17 15.2 24.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Mar 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Nippon India Multi Cap Fund Growth ₹241.437
↑ 1.12 ₹26,809 100 7.1 15.7 49.5 28.7 19.9 38.1 JM Multicap Fund Growth ₹83.8642
↑ 0.59 ₹1,657 500 9.2 23.8 56.5 25.6 22.2 40 HDFC Equity Fund Growth ₹1,593.11
↑ 9.71 ₹49,657 300 7.7 19.3 43.4 25.4 19.1 30.6 Mahindra Badhat Yojana Growth ₹29.6881
↑ 0.11 ₹3,037 500 6.7 18.3 48.8 24.5 22.8 34.2 ICICI Prudential Multicap Fund Growth ₹667.76
↑ 4.78 ₹11,180 100 7.4 20.1 48.4 23 18.2 35.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Mar 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Motilal Oswal Midcap 30 Fund Growth ₹76.7628
↑ 0.31 ₹8,481 500 7.3 23.3 55.6 33.2 25.6 41.7 Edelweiss Mid Cap Fund Growth ₹75.12
↑ 0.29 ₹5,067 500 5.1 20.1 49.4 24.3 23.5 38.4 ICICI Prudential MidCap Fund Growth ₹236.2
↑ 2.22 ₹5,484 100 8.1 23 49.4 22.9 20.1 32.8 TATA Mid Cap Growth Fund Growth ₹357.455
↑ 2.36 ₹3,293 150 4.2 16.4 49.6 22.5 20.9 40.5 Invesco India Mid Cap Fund Growth ₹124.66
↑ 0.81 ₹4,240 500 5.1 16.7 46.9 21.8 21 34.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Mar 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Nippon India Small Cap Fund Growth ₹139.211
↑ 1.47 ₹46,044 100 1.9 14.9 53.2 33.5 28.6 48.9 L&T Emerging Businesses Fund Growth ₹68.2915
↑ 0.76 ₹13,747 500 0 11.4 45.7 31.6 22.8 46.1 HDFC Small Cap Fund Growth ₹116.952
↑ 0.94 ₹28,599 300 2.5 12.5 46.6 30.7 21.9 44.8 Franklin India Smaller Companies Fund Growth ₹145.799
↑ 1.50 ₹11,823 500 0.9 17.5 52.6 29.9 22 52.1 Sundaram Small Cap Fund Growth ₹216.119
↑ 2.00 ₹3,056 100 0.4 14.4 48.7 27.1 21.2 45.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Mar 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) SBI Magnum Tax Gain Fund Growth ₹367.385
↑ 2.40 ₹21,203 500 12.9 25.7 58.3 26.4 20.9 40 HDFC Tax Saver Fund Growth ₹1,152.61
↑ 7.33 ₹13,820 500 7.9 21.1 45.6 25.5 17.2 33.2 BOI AXA Tax Advantage Fund Growth ₹147.45
↑ 0.82 ₹1,150 500 9.2 24.1 53.6 23.5 24.5 34.8 IDFC Tax Advantage (ELSS) Fund Growth ₹136.319
↑ 0.57 ₹6,140 500 6.8 14.7 39.2 22.3 19.6 28.3 Motilal Oswal Long Term Equity Fund Growth ₹39.7601
↑ 0.49 ₹3,120 500 7.3 22.2 50.2 21.9 18.6 37 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Mar 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) SBI PSU Fund Growth ₹27.7301
↑ 0.14 ₹1,763 500 18.4 37.6 84.5 37.5 22.4 54 Invesco India PSU Equity Fund Growth ₹53.88
↑ 0.38 ₹842 500 16.2 37.8 80.9 35.6 25.8 54.5 HDFC Infrastructure Fund Growth ₹40.687
↑ 0.35 ₹1,607 300 10.6 29.5 77.3 36.7 19.2 55.4 Nippon India Power and Infra Fund Growth ₹302.744
↑ 4.18 ₹4,265 100 12.7 32.2 72.8 35.5 25.3 58 IDFC Infrastructure Fund Growth ₹42.255
↑ 0.69 ₹1,009 100 15.9 31 69.6 32.3 23 50.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Mar 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) HDFC Focused 30 Fund Growth ₹183.588
↑ 1.20 ₹9,918 300 7.5 19.2 41.2 27.3 18.9 29.6 ICICI Prudential Focused Equity Fund Growth ₹72.84
↑ 0.55 ₹7,232 100 10.4 21.2 45.1 22.3 19.4 28.3 Franklin India Focused Equity Fund Growth ₹93.4157
↑ 0.86 ₹10,946 500 8 17 40.1 21 18.2 23.5 IIFL Focused Equity Fund Growth ₹40.5411
↑ 0.36 ₹6,636 1,000 4.2 14.1 36.2 19.3 21.5 29.8 Sundaram Select Focus Fund Growth ₹264.968
↓ -1.18 ₹1,354 100 -5 8.5 24.5 17 17.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Mar 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) IDFC Sterling Value Fund Growth ₹130.702
↑ 0.60 ₹8,449 100 8 17.6 43.8 26.8 20.8 32.6 ICICI Prudential Value Discovery Fund Growth ₹391.29
↑ 1.49 ₹40,653 100 8.9 19.7 43.7 26.3 22.1 31.4 JM Value Fund Growth ₹84.3481
↑ 0.67 ₹555 500 6.5 21.1 56.9 26.2 21.6 47.7 L&T India Value Fund Growth ₹90.4215
↑ 0.68 ₹11,536 500 7.5 21.7 50.8 25.9 20.7 39.4 Templeton India Value Fund Growth ₹630.148
↑ 2.27 ₹1,800 500 7.2 18.4 43.5 25.5 19.9 33.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Mar 24
SIP calculator is one of the efficient tools an investor can use while investing in mutual funds. Whether one wants to invest to buy a car/house, plan for retirement, a child's higher education or any other asset, the SIP calculator can be used for the same. It helps to calculate the amount of investment and time period that is required for investing to reach the particular financial goal. So, common questions like "how much to invest in a SIP or how till that time should I invest", resolves using this calculator.
When using a SIP calculator, one has to fill certain variables, that include (illustration is given below)-
Once you feed all the above-mentioned information, the calculator will end up giving you the amount you will receive (your SIP returns) after the number of years mentioned. Your net profit will be highlighted as well so that you can estimate your goal fulfilment accordingly.
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