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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 2020 – 2021

Updated on January 21, 2020 , 156 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 2020 - 2021

Best Large Cap Funds for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
SBI Bluechip Fund Growth ₹41.9271
↑ 0.41
₹23,641 500 3.98.21510.98.611.6
JM Core 11 Fund Growth ₹9.4954
↑ 0.09
₹56 500 0.412.313.812.39.210.6
Essel Large Cap Equity Fund Growth ₹24.4652
↑ 0.18
₹97 500 5.68.413.810.77.811.7
Indiabulls Blue Chip Fund Growth ₹22.42
↑ 0.15
₹169 500 3.98.313.2128.212
ICICI Prudential Bluechip Fund Growth ₹44.73
↑ 0.34
₹25,025 100 4.97.612.212.28.19.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jan 20

Best Multi Cap Funds for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
Kotak Standard Multicap Fund Growth ₹38.208
↑ 0.43
₹29,598 500 6.510.11613.710.112.3
Mirae Asset India Equity Fund  Growth ₹54.586
↑ 0.49
₹16,873 1,000 5.88.514.414.610.712.7
Motilal Oswal Multicap 35 Fund Growth ₹27.1538
↑ 0.26
₹13,131 500 2.18.710.510.411.17.9
JM Multicap Fund Growth ₹35.0155
↑ 0.21
₹143 500 1.812.519.813.39.516.6
BNP Paribas Multi Cap Fund Growth ₹52.264
↑ 0.42
₹693 300 8.614.419.211.68.613.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jan 20

Best Mid Cap Funds for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
Kotak Emerging Equity Scheme Growth ₹43.286
↑ 0.61
₹5,888 1,000 13.217.61911.810.98.9
Sundaram Mid Cap Fund Growth ₹490.421
↑ 5.78
₹5,901 250 10.413.6106.58.4-0.3
Taurus Discovery (Midcap) Fund Growth ₹45.67
↑ 0.47
₹50 1,000 8.8159.910.991.6
L&T Midcap Fund Growth ₹140.54
↑ 1.71
₹5,992 500 9.413.18.610.310.4-0.2
Motilal Oswal Midcap 30 Fund  Growth ₹28.0813
↑ 0.42
₹1,812 500 821.119.889.19.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jan 20

Best Small Cap Funds for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
SBI Small Cap Fund Growth ₹56.5186
↑ 0.28
₹3,156 500 8.114.315.615.113.56.1
L&T Emerging Businesses Fund Growth ₹24.156
↑ 0.09
₹5,941 500 7.97.60.69.410.7-8.1
Aditya Birla Sun Life Small Cap Fund Growth ₹32.9798
↑ 0.28
₹2,255 1,000 8.44.9-0.536.5-11.5
DSP BlackRock Small Cap Fund  Growth ₹57.538
↑ 0.11
₹4,918 500 12.91310.13.48.70.7
Nippon India Small Cap Fund Growth ₹41.5457
↑ 0.24
₹8,525 100 10.612.97.110.110.3-2.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jan 20

Best ELSS (Tax Saving Mutual Funds) for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
Tata India Tax Savings Fund Growth ₹19.4906
↑ 0.22
₹2,094 500 5.89.115.913.31113.6
IDFC Tax Advantage (ELSS) Fund Growth ₹56.84
↑ 0.44
₹2,119 500 6.86.58.311.58.21.9
DSP BlackRock Tax Saver Fund Growth ₹52.642
↑ 0.49
₹6,260 500 511.918.611.910.114.8
L&T Tax Advantage Fund Growth ₹57.09
↑ 0.46
₹3,382 500 8.210.41110.68.34.6
Aditya Birla Sun Life Tax Relief '96 Growth ₹32.71
↑ 0.26
₹10,029 500 5.811.67.712.18.84.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jan 20

Best Sector Funds for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹30.97
↑ 0.19
₹1,995 1,000 6.410.617.41511.814.9
ICICI Prudential Banking and Financial Services Fund Growth ₹70.39
↑ 0.63
₹3,592 100 10.19.316.716.412.314.5
Sundaram Rural and Consumption Fund Growth ₹44.3524
↑ 0.45
₹1,958 250 61410.99.411.12.7
Franklin Build India Fund Growth ₹42.7453
↑ 0.64
₹1,220 500 6.23.310107.66
DSP BlackRock Natural Resources and New Energy Fund Growth ₹31.955
↓ -0.44
₹363 500 0.13.15.75.111.84.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jan 20

Best Focused Funds for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
Axis Focused 25 Fund Growth ₹31
↑ 0.13
₹9,110 1,000 4.11420.618.111.714.7
Aditya Birla Sun Life Focused Equity Fund Growth ₹63.8849
↑ 0.46
₹4,422 1,000 6.58.615.8117.611.3
DSP BlackRock Focus Fund Growth ₹25.969
↑ 0.19
₹2,051 500 6.115.322.111.48.318
Motilal Oswal Focused 25 Fund  Growth ₹24.2027
↑ 0.13
₹1,205 500 3.41419.612.18.417.1
Sundaram Select Focus Fund Growth ₹195.474
↑ 1.80
₹1,056 250 5.41016.515.9815
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jan 20

Best Value Funds for SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2019 (%)
L&T India Value Fund Growth ₹37.358
↑ 0.39
₹7,759 500 8.27.710.28.49.44.6
Tata Equity PE Fund Growth ₹139.905
↑ 1.01
₹5,184 500 3.78.69.89.79.35.3
JM Value Fund Growth ₹34.5865
↑ 0.38
₹124 500 4.514.517.211.11011.9
Templeton India Value Fund Growth ₹249.242
↑ 2.63
₹491 500 6.74.73.66.25.3-0.3
IDFC Sterling Value Fund Growth ₹50.06
↑ 0.43
₹3,132 100 8.66.93.29.26.3-6.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jan 20

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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