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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

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2019 (%)
SBI Bluechip Fund Growth	₹41.9271 ↑ 0.41	₹23,641	500	3.9	8.2	15	10.9	8.6	11.6
JM Core 11 Fund Growth	₹9.4954 ↑ 0.09	₹56	500	0.4	12.3	13.8	12.3	9.2	10.6
Essel Large Cap Equity Fund Growth	₹24.4652 ↑ 0.18	₹97	500	5.6	8.4	13.8	10.7	7.8	11.7
Indiabulls Blue Chip Fund Growth	₹22.42 ↑ 0.15	₹169	500	3.9	8.3	13.2	12	8.2	12
ICICI Prudential Bluechip Fund Growth	₹44.73 ↑ 0.34	₹25,025	100	4.9	7.6	12.2	12.2	8.1	9.8
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

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2019 (%)
Kotak Standard Multicap Fund Growth	₹38.208 ↑ 0.43	₹29,598	500	6.5	10.1	16	13.7	10.1	12.3
Mirae Asset India Equity Fund Growth	₹54.586 ↑ 0.49	₹16,873	1,000	5.8	8.5	14.4	14.6	10.7	12.7
Motilal Oswal Multicap 35 Fund Growth	₹27.1538 ↑ 0.26	₹13,131	500	2.1	8.7	10.5	10.4	11.1	7.9
JM Multicap Fund Growth	₹35.0155 ↑ 0.21	₹143	500	1.8	12.5	19.8	13.3	9.5	16.6
BNP Paribas Multi Cap Fund Growth	₹52.264 ↑ 0.42	₹693	300	8.6	14.4	19.2	11.6	8.6	13.2
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

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2019 (%)
Kotak Emerging Equity Scheme Growth	₹43.286 ↑ 0.61	₹5,888	1,000	13.2	17.6	19	11.8	10.9	8.9
Sundaram Mid Cap Fund Growth	₹490.421 ↑ 5.78	₹5,901	250	10.4	13.6	10	6.5	8.4	-0.3
Taurus Discovery (Midcap) Fund Growth	₹45.67 ↑ 0.47	₹50	1,000	8.8	15	9.9	10.9	9	1.6
L&T Midcap Fund Growth	₹140.54 ↑ 1.71	₹5,992	500	9.4	13.1	8.6	10.3	10.4	-0.2
Motilal Oswal Midcap 30 Fund Growth	₹28.0813 ↑ 0.42	₹1,812	500	8	21.1	19.8	8	9.1	9.7
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

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2019 (%)
SBI Small Cap Fund Growth	₹56.5186 ↑ 0.28	₹3,156	500	8.1	14.3	15.6	15.1	13.5	6.1
L&T Emerging Businesses Fund Growth	₹24.156 ↑ 0.09	₹5,941	500	7.9	7.6	0.6	9.4	10.7	-8.1
Aditya Birla Sun Life Small Cap Fund Growth	₹32.9798 ↑ 0.28	₹2,255	1,000	8.4	4.9	-0.5	3	6.5	-11.5
DSP BlackRock Small Cap Fund Growth	₹57.538 ↑ 0.11	₹4,918	500	12.9	13	10.1	3.4	8.7	0.7
Nippon India Small Cap Fund Growth	₹41.5457 ↑ 0.24	₹8,525	100	10.6	12.9	7.1	10.1	10.3	-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

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2019 (%)
Tata India Tax Savings Fund Growth	₹19.4906 ↑ 0.22	₹2,094	500	5.8	9.1	15.9	13.3	11	13.6
IDFC Tax Advantage (ELSS) Fund Growth	₹56.84 ↑ 0.44	₹2,119	500	6.8	6.5	8.3	11.5	8.2	1.9
DSP BlackRock Tax Saver Fund Growth	₹52.642 ↑ 0.49	₹6,260	500	5	11.9	18.6	11.9	10.1	14.8
L&T Tax Advantage Fund Growth	₹57.09 ↑ 0.46	₹3,382	500	8.2	10.4	11	10.6	8.3	4.6
Aditya Birla Sun Life Tax Relief '96 Growth	₹32.71 ↑ 0.26	₹10,029	500	5.8	11.6	7.7	12.1	8.8	4.3
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

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 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	6.4	10.6	17.4	15	11.8	14.9
ICICI Prudential Banking and Financial Services Fund Growth	₹70.39 ↑ 0.63	₹3,592	100	10.1	9.3	16.7	16.4	12.3	14.5
Sundaram Rural and Consumption Fund Growth	₹44.3524 ↑ 0.45	₹1,958	250	6	14	10.9	9.4	11.1	2.7
Franklin Build India Fund Growth	₹42.7453 ↑ 0.64	₹1,220	500	6.2	3.3	10	10	7.6	6
DSP BlackRock Natural Resources and New Energy Fund Growth	₹31.955 ↓ -0.44	₹363	500	0.1	3.1	5.7	5.1	11.8	4.4
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

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2019 (%)
Axis Focused 25 Fund Growth	₹31 ↑ 0.13	₹9,110	1,000	4.1	14	20.6	18.1	11.7	14.7
Aditya Birla Sun Life Focused Equity Fund Growth	₹63.8849 ↑ 0.46	₹4,422	1,000	6.5	8.6	15.8	11	7.6	11.3
DSP BlackRock Focus Fund Growth	₹25.969 ↑ 0.19	₹2,051	500	6.1	15.3	22.1	11.4	8.3	18
Motilal Oswal Focused 25 Fund Growth	₹24.2027 ↑ 0.13	₹1,205	500	3.4	14	19.6	12.1	8.4	17.1
Sundaram Select Focus Fund Growth	₹195.474 ↑ 1.80	₹1,056	250	5.4	10	16.5	15.9	8	15
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

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2019 (%)
L&T India Value Fund Growth	₹37.358 ↑ 0.39	₹7,759	500	8.2	7.7	10.2	8.4	9.4	4.6
Tata Equity PE Fund Growth	₹139.905 ↑ 1.01	₹5,184	500	3.7	8.6	9.8	9.7	9.3	5.3
JM Value Fund Growth	₹34.5865 ↑ 0.38	₹124	500	4.5	14.5	17.2	11.1	10	11.9
Templeton India Value Fund Growth	₹249.242 ↑ 2.63	₹491	500	6.7	4.7	3.6	6.2	5.3	-0.3
IDFC Sterling Value Fund Growth	₹50.06 ↑ 0.43	₹3,132	100	8.6	6.9	3.2	9.2	6.3	-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

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.