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Best Mutual Funds in India for SIP 2024 – 2025

Updated on July 22, 2024 , 23703 views

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- Optimal Way to Achieve Financial Goals

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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Buying a car
Buying a house
Marriage
Child’s education
Save for an international trip
retirement
Medical emergencies etc.

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.

Best Mutual Funds in India for SIP 2024 - 2025

Best Large Cap Funds for SIP

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	₹87.4928 ↑ 0.19	₹29,534	100	10	21.2	36.6	24.9	20.7	32.1
ICICI Prudential Bluechip Fund Growth	₹105.73 ↑ 0.28	₹59,364	100	9.7	18.2	37	21.5	20.5	27.4
HDFC Top 100 Fund Growth	₹1,130 ↓ -0.26	₹35,435	300	9.4	14.9	33.9	21.5	18.3	30
BNP Paribas Large Cap Fund Growth	₹222.23 ↑ 0.76	₹2,120	300	10.9	22.1	40.1	19.9	20.2	24.8
IDFC Large Cap Fund Growth	₹74.796 ↓ -0.03	₹1,515	100	11.8	20.3	35	18.1	18.8	26.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24

Best Multi Cap Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
JM Multicap Fund Growth	₹105.172 ↑ 0.87	₹3,216	500	17.4	32.9	64.3	31.8	27.6	40
Nippon India Multi Cap Fund Growth	₹289.411 ↑ 2.86	₹34,943	100	11.9	25.8	45.4	30.8	24.8	38.1
HDFC Equity Fund Growth	₹1,841.48 ↑ 2.43	₹59,123	300	12.3	21	42.7	26.9	22.9	30.6
Mahindra Badhat Yojana Growth	₹34.7542 ↑ 0.18	₹3,670	500	12.1	20.3	45.4	23	26.7	34.2
Franklin India Equity Fund Growth	₹1,597.04 ↑ 5.94	₹16,677	500	11.7	19.4	43.7	22.8	23.3	30.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24

Best Mid Cap Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
Edelweiss Mid Cap Fund Growth	₹93.295 ↑ 0.58	₹6,625	500	16.7	26	57.3	25.6	30.6	38.4
TATA Mid Cap Growth Fund Growth	₹438.771 ↑ 2.38	₹4,194	150	14.5	25	53.3	24.7	27.6	40.5
Invesco India Mid Cap Fund Growth	₹156.89 ↑ 2.96	₹5,216	500	16.6	27.5	53.5	24.4	28.8	34.1
ICICI Prudential MidCap Fund Growth	₹286.28 ↑ 2.45	₹6,528	100	13.9	26.6	56.4	23.2	25.5	32.8
BNP Paribas Mid Cap Fund Growth	₹101.248 ↑ 0.86	₹2,103	300	15.6	25.5	50.7	22.4	27.5	32.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24

Best Small Cap Funds for SIP

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	₹174.928 ↑ 2.45	₹56,469	100	15	25.1	52.1	31.2	36.2	48.9
Franklin India Smaller Companies Fund Growth	₹182.303 ↑ 2.64	₹14,023	500	15.6	23.1	56.5	30.1	30	52.1
L&T Emerging Businesses Fund Growth	₹85.1982 ↑ 1.26	₹16,397	500	14.1	21.4	47.9	28.6	30.2	46.1
IDBI Small Cap Fund Growth	₹32.0174 ↑ 0.60	₹281	500	19.3	28.2	53.3	28.5	29.9	33.4
HDFC Small Cap Fund Growth	₹136.763 ↑ 2.56	₹31,523	300	10.1	15.9	38.7	25	28.3	44.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24

Best ELSS (Tax Saving Mutual Funds) for SIP

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	₹429.548 ↑ 3.63	₹25,738	500	11.7	25.3	54.3	27.6	25.6	40
HDFC Tax Saver Fund Growth	₹1,336.7 ↑ 1.29	₹15,674	500	12.6	21	45.8	26.3	21.6	33.2
Motilal Oswal Long Term Equity Fund Growth	₹48.4564 ↑ 0.67	₹3,710	500	10.8	26.8	55.4	23.8	24.4	37
Franklin India Taxshield Growth	₹1,447.69 ↑ 5.37	₹6,816	500	11.8	19.6	44.5	22.4	21.4	31.2
Nippon India Tax Saver Fund (ELSS) Growth	₹128.045 ↑ 0.84	₹15,917	500	12.8	23.2	42.8	22.3	19.5	28.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24

Best Sector Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
SBI PSU Fund Growth	₹33.6726 ↑ 0.27	₹3,695	500	10.8	29.5	84.7	40.4	27.1	54
Invesco India PSU Equity Fund Growth	₹67.77 ↑ 0.29	₹1,363	500	17	37.1	84.4	39.3	31.6	54.5
LIC MF Infrastructure Fund Growth	₹50.8073 ↑ 0.77	₹430	1,000	25.3	43	83.5	37.4	29.3	44.4
IDFC Infrastructure Fund Growth	₹55.681 ↑ 0.63	₹1,592	100	20.6	42.7	82.5	34.2	30.6	50.3
Invesco India Infrastructure Fund Growth	₹66.18 ↑ 0.40	₹1,470	500	15.9	31.3	72.5	32.3	32	51.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24

Best Focused Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
HDFC Focused 30 Fund Growth	₹212.489 ↑ 0.69	₹13,137	300	12.3	21.2	42.6	28.3	23.1	29.6
ICICI Prudential Focused Equity Fund Growth	₹85.2 ↑ 0.10	₹9,113	100	13.8	26	44.9	24	23.6	28.3
Franklin India Focused Equity Fund Growth	₹106.483 ↑ 0.12	₹12,198	500	11	19.7	36	20.6	21.3	23.5
IIFL Focused Equity Fund Growth	₹47.8508 ↑ 0.03	₹7,641	1,000	12.1	21.8	38.3	20.1	24.5	29.8
Nippon India Focused Equity Fund Growth	₹119.773 ↑ 0.37	₹8,585	100	14.5	18.6	33.9	19.4	21.3	27.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24

Best Value Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
JM Value Fund Growth	₹105.834 ↑ 1.49	₹839	500	17.5	25.2	63.6	31	28.8	47.7
Templeton India Value Fund Growth	₹740.811 ↑ 4.33	₹2,138	500	13.5	23.1	46.1	27.1	25.7	33.7
ICICI Prudential Value Discovery Fund Growth	₹444.32 ↓ -0.07	₹45,471	100	11.5	20.1	42.5	26.8	25.6	31.4
L&T India Value Fund Growth	₹108.181 ↑ 1.18	₹13,358	500	14.1	25.7	52.9	26.5	25.3	39.4
Tata Equity PE Fund Growth	₹356.073 ↑ 2.65	₹8,484	150	12.7	23.1	47	25.7	22.7	37
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24

SIP Calculator

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)-

The desired investment duration
The estimated monthly SIP amount
Expected Inflation rate (annual) for the years to come
Long-term growth rate on investments

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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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.