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Best Mutual Funds in India for SIP | SIP Calculator- Fincash

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Best Mutual Funds in India for SIP 2024 – 2025

Updated on April 19, 2024 , 23429 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

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Nippon India Large Cap Fund Growth ₹78.4604
↑ 0.56
₹24,378 100 6.619.443.126.117.132.1
HDFC Top 100 Fund Growth ₹1,019.73
↑ 3.82
₹32,355 300 3.117.636.722.315.330
ICICI Prudential Bluechip Fund Growth ₹94.87
↑ 0.19
₹53,505 100 4.919.639.121.917.427.4
BNP Paribas Large Cap Fund Growth ₹197.493
↑ 0.59
₹1,863 300 7.821.339.319.617.524.8
TATA Large Cap Fund Growth ₹446.935
↑ 1.08
₹2,019 150 4.718.233.918.615.324.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Apr 24

Best Multi Cap Funds for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Nippon India Multi Cap Fund Growth ₹251.469
↑ 1.24
₹27,746 100 7.919.451.932.220.438.1
JM Multicap Fund Growth ₹87.4917
↑ 0.39
₹1,774 500 9.725.659.728.922.840
HDFC Equity Fund Growth ₹1,611.57
↑ 10.20
₹50,840 300 5.820.742.627.81930.6
Mahindra Badhat Yojana Growth ₹30.3634
↓ -0.01
₹3,165 500 3.219.550.925.822.934.2
ICICI Prudential Multicap Fund Growth ₹682.27
↑ 0.37
₹11,342 100 5.921.148.925.218.135.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Apr 24

Best Mid Cap Funds for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Motilal Oswal Midcap 30 Fund  Growth ₹80.8722
↓ -0.22
₹8,987 500 9.428.659.737.426.241.7
Edelweiss Mid Cap Fund Growth ₹78.453
↓ -0.02
₹5,115 500 5.623.95126.624.238.4
ICICI Prudential MidCap Fund Growth ₹245.14
↓ -0.34
₹5,517 100 626.251.625.620.532.8
Invesco India Mid Cap Fund Growth ₹130.57
↑ 0.04
₹4,280 500 5.320.947.72521.634.1
TATA Mid Cap Growth Fund Growth ₹374.982
↓ -0.92
₹3,348 150 5.219.753.524.921.840.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Apr 24

Best Small Cap Funds for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Nippon India Small Cap Fund Growth ₹146.43
↑ 0.21
₹45,749 100 417.655.835.429.448.9
Franklin India Smaller Companies Fund Growth ₹154.369
↓ -0.58
₹11,540 500 3.318.556.933.52352.1
L&T Emerging Businesses Fund Growth ₹72.065
↓ -0.22
₹13,401 500 2.41447.733.323.946.1
HDFC Small Cap Fund Growth ₹122.359
↓ -0.12
₹27,574 300 314.750.33222.644.8
ICICI Prudential Smallcap Fund Growth ₹77.08
↓ -0.03
₹7,173 100 1.312.54429.525.237.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Apr 24

Best ELSS (Tax Saving Mutual Funds) for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
SBI Magnum Tax Gain Fund Growth ₹377.622
↑ 0.51
₹21,976 500 9.928.658.828.32140
HDFC Tax Saver Fund Growth ₹1,164.12
↑ 7.80
₹13,990 500 5.421.444.426.817.133.2
Motilal Oswal Long Term Equity Fund Growth ₹42.3463
↑ 0.10
₹3,205 500 9.429.156.325.219.837
BOI AXA Tax Advantage Fund Growth ₹152.6
↓ -0.22
₹1,210 500 9.528.652.724.924.734.8
Franklin India Taxshield Growth ₹1,267.02
↑ 3.63
₹6,180 500 4.318.844.223.517.231.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Apr 24

Best Sector Funds for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
SBI PSU Fund Growth ₹29.4771
↑ 0.08
₹1,876 500 14.347.489.842.423.354
Invesco India PSU Equity Fund Growth ₹56.69
↑ 0.03
₹859 500 14.744.384.14026.554.5
HDFC Infrastructure Fund Growth ₹42.583
↑ 0.32
₹1,663 300 10.628.681.141.220.155.4
IDFC Infrastructure Fund Growth ₹45.104
↑ 0.06
₹1,043 100 1535.977.63624.350.3
Nippon India Power and Infra Fund Growth ₹315.344
↑ 0.93
₹4,529 100 11.634.477.239.32658
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Apr 24

Best Focused Funds for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
HDFC Focused 30 Fund Growth ₹186.077
↑ 1.10
₹10,433 300 6.220.240.229.518.929.6
ICICI Prudential Focused Equity Fund Growth ₹73.75
↓ -0.12
₹7,583 100 7.522.7442419.228.3
Franklin India Focused Equity Fund Growth ₹94.2086
↑ 0.32
₹11,160 500 5.917.338.522.917.623.5
IIFL Focused Equity Fund Growth ₹41.9146
↑ 0.10
₹6,794 1,000 5.916.137.42221.429.8
Nippon India Focused Equity Fund Growth ₹102.723
↑ 0.52
₹7,608 100 -0.210.431.318.616.527.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Apr 24

Best Value Funds for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
JM Value Fund Growth ₹87.6619
↑ 0.08
₹581 500 2.721.860.929.321.947.7
Templeton India Value Fund Growth ₹645.706
↑ 1.92
₹1,820 500 6.420.64428.719.933.7
Nippon India Value Fund Growth ₹193.431
↑ 0.72
₹7,107 100 525.756.227.32142.4
L&T India Value Fund Growth ₹92.405
↑ 0.13
₹11,431 500 5.722.751.62720.739.4
IDFC Sterling Value Fund Growth ₹132.673
↑ 0.23
₹8,570 100 5.118.742.72720.632.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Apr 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

SIP-Calculator

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.
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