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

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Best Mutual Funds in India for SIP 2021 – 2022

Updated on December 1, 2021 , 16588 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 2021 - 2022

Best Large Cap Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2020 (%)
Canara Robeco Bluechip Equity Fund Growth	₹41.12 ↓ -0.37	₹5,055	1,000	-1.5	9.7	31.1	20.7	18.9	23.1
Axis Bluechip Fund Growth	₹45.99 ↓ -0.44	₹33,967	500	-1.6	11.2	28.6	19.6	20	19.7
Kotak Bluechip Fund Growth	₹371.887 ↓ -3.34	₹3,456	100	-0.9	10.9	34.3	19.3	16.3	16.4
BNP Paribas Large Cap Fund Growth	₹138.02 ↓ -1.23	₹1,265	300	-1	9.7	28.9	18.6	16.5	16.8
SBI Bluechip Fund Growth	₹60.4075 ↓ -0.50	₹32,031	500	-0.1	10.1	32.1	17.7	15.1	16.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Dec 21

Best Multi Cap Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2020 (%)
Parag Parikh Long Term Equity Fund Growth	₹50.4917 ↓ -0.04	₹17,220	1,000	4.8	21.8	47.6	29	22.9	32.3
PGIM India Diversified Equity Fund Growth	₹26.51 ↓ -0.11	₹2,706	1,000	0.7	15.5	47.9	28	21.4	35.9
Mahindra Badhat Yojana Growth	₹20.4668 ↓ -0.14	₹854	500	3.1	17.3	57.3	26.1		16.6
UTI Equity Fund Growth	₹264.613 ↓ -2.24	₹24,212	500	1.5	17.5	42.4	25.3	21.1	31.5
Baroda Pioneer Multi Cap Fund Growth	₹171.19 ↓ -0.62	₹1,171	500	4.9	20.9	50.1	23.3	17.2	19.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Dec 21

Best Mid Cap Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2020 (%)
PGIM India Midcap Opportunities Fund Growth	₹42.66 ↓ -0.17	₹3,388	1,000	3	20.6	65.3	34.3	22.4	48.4
SBI Magnum Mid Cap Fund Growth	₹139.521 ↑ 0.08	₹6,426	500	7.1	21.2	58.8	25.9	16.2	30.4
Edelweiss Mid Cap Fund Growth	₹50.16 ↑ 0.03	₹1,750	500	3	15.8	52.3	25.5	19.9	26.4
TATA Mid Cap Growth Fund Growth	₹243.785 ↓ -0.84	₹1,460	500	1.4	16	44.7	23.9	18.9	24.3
Motilal Oswal Midcap 30 Fund Growth	₹44.5271 ↓ -0.16	₹2,419	500	11.4	27.3	57.3	23.6	15.3	9.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Dec 21

Best Small Cap Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2020 (%)
Kotak Small Cap Fund Growth	₹166.538 ↑ 0.36	₹6,180	1,000	7.5	22.7	76.4	34.7	23	34.2
ICICI Prudential Smallcap Fund Growth	₹50.85 ↑ 0.02	₹3,304	100	6.2	21.7	69	30.2	19	22.8
SBI Small Cap Fund Growth	₹104.597 ↑ 0.29	₹10,626	500	8.2	17.1	53.4	28.4	23.7	33.6
Nippon India Small Cap Fund Growth	₹83.1776 ↑ 0.16	₹17,197	100	5.9	21.8	74.7	28.2	23.3	29.2
DSP BlackRock Small Cap Fund Growth	₹108.282 ↓ -0.08	₹8,270	500	7.3	18.8	57.7	26.8	16.8	33.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Dec 21

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 (%)	2020 (%)
BOI AXA Tax Advantage Fund Growth	₹100.34 ↓ -0.60	₹519	500	-0.1	16.4	45.7	27.7	21.8	31.2
Canara Robeco Equity Tax Saver Growth	₹115.3 ↓ -0.87	₹2,890	500	0.1	12.7	41.1	23.6	20.5	27.4
Mirae Asset Tax Saver Fund Growth	₹30.982 ↓ -0.16	₹10,146	500	0.4	12	40.9	23.1	21.9	21.5
DSP BlackRock Tax Saver Fund Growth	₹80.026 ↓ -0.16	₹9,805	500	-1.3	10.7	42.1	21.4	17.3	15
UTI Long Term Equity Fund Growth	₹145.719 ↓ -1.03	₹3,046	500	1.3	15.8	39.3	20.9	17	20.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Dec 21

Best Sector Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2020 (%)
TATA Digital India Fund Growth	₹38.2451 ↓ -0.30	₹3,842	500	6.3	37.4	82.4	39.4	33.5	54.8
ICICI Prudential Technology Fund Growth	₹163.02 ↓ -1.00	₹6,887	100	6.3	38.3	81.5	42.1	33.6	70.6
Aditya Birla Sun Life Digital India Fund Growth	₹140.42 ↓ -0.81	₹2,658	1,000	6.7	32.8	76.7	40.5	33	59
SBI Technology Opportunities Fund Growth	₹156.393 ↓ -0.83	₹1,891	500	5	34.4	72.7	36.6	29.4	47.3
IDFC Infrastructure Fund Growth	₹24.25 ↓ -0.05	₹663	100	1.8	15.3	71	18.7	14.7	6.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Dec 21

Best Focused Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2020 (%)
IIFL Focused Equity Fund Growth	₹29.9293 ↓ -0.20	₹2,480	1,000	1.2	17.3	39.8	28.8	20.3	23.8
SBI Focused Equity Fund Growth	₹252.679 ↓ -1.35	₹21,677	500	9.2	23.1	48.8	25.2	20.9	14.5
Principal Focused Multicap Fund Growth	₹110.11 ↓ -0.62	₹686	100	1.5	13	41.1	21.2	18.2	19.7
Axis Focused 25 Fund Growth	₹46.41 ↓ -0.45	₹20,404	500	-0.2	13.9	32.8	20.6	20.4	21
Franklin India Focused Equity Fund Growth	₹64.9416 ↓ -0.30	₹7,934	500	1.7	10.4	46.5	20.2	16.3	10.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Dec 21

Best Value Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2020 (%)
IDFC Sterling Value Fund Growth	₹85.49 ↓ -0.02	₹4,207	100	3.9	15.8	62.3	19.6	18.5	15.2
Nippon India Value Fund Growth	₹119.95 ↓ -0.54	₹4,368	100	0.7	12.5	45	19.5	17.5	16.3
ICICI Prudential Value Discovery Fund Growth	₹238.58 ↓ -1.26	₹22,558	100	2.8	12.3	42.3	19.4	14.7	22.9
UTI Value Opportunities Fund Growth	₹98.8469 ↓ -0.66	₹6,661	500	-0.9	10.8	35.1	19.4	16.5	19
JM Value Fund Growth	₹50.8902 ↓ -0.20	₹162	500	1.9	13	40.2	19.4	16.9	13.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Dec 21

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.

How to Invest in Best Mutual Funds?

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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.