+91-22-48913909How to Save Money by Investing in SIP?
How to save money? This is the most common question that has kept people curious over the years. As a matter of fact, the most difficult part about saving money is getting started. It gets hard for people to determine simple plans to invest money and how to start saving in those plans to meet their Financial goals. If you are in a similar situation, you must consider some money savings tips and then make your decision.
How to Save Money Every Month?
You do not need to have huge sums of money to start Investing. There are other simpler ways for you.
- Invest in SIP. SIP or a Systematic Investment plan is one of the best ways of investing your money.
- SIP is a one-time investment option with which you can invest monthly to earn good returns on your investment.
- The minimum amount of investing in a SIP is as less as INR 500, which makes it one of the most convenient investment options for even a youngster.
How to Save Money Via a SIP?
Generally, there are certain goals according to which people start investing. Some of the basic goals are mentioned below.
1. SIP Helps in Tax Saving
As you start earning, the first thing you want to know is how to save money from tax deductions. Though there are many Ways to Save Tax, SIP is one of the most convenient ones.
By investing through SIP the money gets deducted in regular intervals, so there is no burden of a lump sum investment.
Also, the SIP investments are liable for deductions under Section 80C of the income tax Act. So, all your questions about how to save money from Taxes have found a solution. By investing in a SIP, one can save somewhere between INR 15,000 to INR 45,000 in taxes per year.
2. SIP helps in Child's Education
Since the birth of your children, you should start planning for their future, that includes education, marriage etc. But how to save money for making investments is your question, right? The solution is simple and quite convenient.
invest in Mutual Funds through SIP. As you know, SIPs invest a small amount for regular intervals, it very convenient for people.
Additionally, SIPs work the best for long-term investments, that further makes it beneficial for you to save money for your child. So, don’t just linger on how to save money, just invest in a SIP and you are done.
3. SIP assists in Retirement Planning
Planning for retirement is one of the essential parts of financial goals. An appropriate Retirement planning is when you know how to save money and where to invest your savings.
There are various investing options that help you on how to save money. These plans include Provident Fund (PF), National Pension Scheme (NPS) etc.
But, one of the best money saving plans is a Systematic Investment Plan. It invests your money in growth assets and helps you create a powerful corpus for your retirement.
For example, let’s suppose you earn INR 30,000 per month at the age of 25 and invest INR 2500 per month in a SIP, increasing it by 10% every year, your savings would be the following-
Know Your Monthly SIP Amount
- At the age of 60, with the balanced return of 12% per annum, you will earn INR 4.12 crores
- At the age of 60, with the balanced return of 15% per annum, you will earn INR 7.2 crores
Therefore, when deciding how to save money for your retirement, make sure you invest in SIP.
Talk to our investment specialist
Best SIP Funds that will Help to Save Money
Some of the best and top performing SIP funds that will help you to earn good returns from your savings are:
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) DSP US Flexible Equity Fund Growth ₹71.1391
↑ 0.62 ₹1,000 500 10.7 37.4 27.8 22.7 17.5 17.8 Franklin Asian Equity Fund Growth ₹34.4723
↓ -0.10 ₹260 500 8 23.8 17.1 16.8 4.3 14.4 Invesco India Growth Opportunities Fund Growth ₹103.75
↓ -0.38 ₹8,125 100 0.5 12.5 12.1 25.6 23.6 37.5 Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹63.09
↓ -0.04 ₹3,374 1,000 2.3 6 12 16.6 21.2 8.7 ICICI Prudential Banking and Financial Services Fund Growth ₹137.3
↓ -0.62 ₹9,688 100 1.5 6.1 11.1 16.5 20.9 11.6 Kotak Standard Multicap Fund Growth ₹87.047
↓ -0.28 ₹53,626 500 1.4 8.5 8.6 17.7 19.1 16.5 Mirae Asset India Equity Fund Growth ₹115.933
↓ -0.37 ₹39,477 1,000 2.3 7.3 6.3 13.8 16.5 12.7 Kotak Equity Opportunities Fund Growth ₹350.198
↓ -0.90 ₹27,655 1,000 1.6 8.9 4.4 19.7 21.9 24.2 Axis Focused 25 Fund Growth ₹56.67
↑ 0.06 ₹12,286 500 1.4 6.4 4.2 11.9 13.3 14.8 Sundaram Rural and Consumption Fund Growth ₹101.563
↓ -0.39 ₹1,599 100 3.5 7.1 4.2 16.9 19.9 20.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Oct 25 Research Highlights & Commentary of 10 Funds showcased
Commentary DSP US Flexible Equity Fund Franklin Asian Equity Fund Invesco India Growth Opportunities Fund Aditya Birla Sun Life Banking And Financial Services Fund ICICI Prudential Banking and Financial Services Fund Kotak Standard Multicap Fund Mirae Asset India Equity Fund Kotak Equity Opportunities Fund Axis Focused 25 Fund Sundaram Rural and Consumption Fund Point 1 Bottom quartile AUM (₹1,000 Cr). Bottom quartile AUM (₹260 Cr). Lower mid AUM (₹8,125 Cr). Lower mid AUM (₹3,374 Cr). Upper mid AUM (₹9,688 Cr). Highest AUM (₹53,626 Cr). Top quartile AUM (₹39,477 Cr). Upper mid AUM (₹27,655 Cr). Upper mid AUM (₹12,286 Cr). Bottom quartile AUM (₹1,599 Cr). Point 2 Established history (13+ yrs). Established history (17+ yrs). Established history (18+ yrs). Established history (11+ yrs). Established history (17+ yrs). Established history (16+ yrs). Established history (17+ yrs). Oldest track record among peers (21 yrs). Established history (13+ yrs). Established history (19+ yrs). Point 3 Top rated. Rating: 5★ (top quartile). Rating: 5★ (upper mid). Rating: 5★ (upper mid). Rating: 5★ (upper mid). Rating: 5★ (lower mid). Rating: 5★ (lower mid). Rating: 5★ (bottom quartile). Rating: 5★ (bottom quartile). Rating: 5★ (bottom quartile). Point 4 Risk profile: High. Risk profile: High. Risk profile: Moderately High. Risk profile: High. Risk profile: High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 17.53% (lower mid). 5Y return: 4.33% (bottom quartile). 5Y return: 23.60% (top quartile). 5Y return: 21.23% (upper mid). 5Y return: 20.88% (upper mid). 5Y return: 19.11% (lower mid). 5Y return: 16.54% (bottom quartile). 5Y return: 21.94% (top quartile). 5Y return: 13.32% (bottom quartile). 5Y return: 19.91% (upper mid). Point 6 3Y return: 22.67% (top quartile). 3Y return: 16.83% (lower mid). 3Y return: 25.58% (top quartile). 3Y return: 16.65% (lower mid). 3Y return: 16.48% (bottom quartile). 3Y return: 17.74% (upper mid). 3Y return: 13.83% (bottom quartile). 3Y return: 19.74% (upper mid). 3Y return: 11.92% (bottom quartile). 3Y return: 16.87% (upper mid). Point 7 1Y return: 27.84% (top quartile). 1Y return: 17.13% (top quartile). 1Y return: 12.14% (upper mid). 1Y return: 12.02% (upper mid). 1Y return: 11.15% (upper mid). 1Y return: 8.57% (lower mid). 1Y return: 6.33% (lower mid). 1Y return: 4.36% (bottom quartile). 1Y return: 4.19% (bottom quartile). 1Y return: 4.16% (bottom quartile). Point 8 Alpha: -2.48 (lower mid). Alpha: 0.00 (lower mid). Alpha: 11.03 (top quartile). Alpha: -6.06 (bottom quartile). Alpha: -2.57 (bottom quartile). Alpha: 3.91 (top quartile). Alpha: 1.60 (upper mid). Alpha: 0.72 (upper mid). Alpha: 1.86 (upper mid). Alpha: -2.82 (bottom quartile). Point 9 Sharpe: 0.77 (top quartile). Sharpe: 0.49 (top quartile). Sharpe: 0.03 (upper mid). Sharpe: -0.18 (upper mid). Sharpe: 0.03 (upper mid). Sharpe: -0.37 (lower mid). Sharpe: -0.52 (bottom quartile). Sharpe: -0.51 (bottom quartile). Sharpe: -0.49 (bottom quartile). Sharpe: -0.36 (lower mid). Point 10 Information ratio: -0.62 (bottom quartile). Information ratio: 0.00 (lower mid). Information ratio: 1.26 (top quartile). Information ratio: 0.14 (upper mid). Information ratio: 0.32 (top quartile). Information ratio: 0.19 (upper mid). Information ratio: -0.17 (bottom quartile). Information ratio: 0.13 (upper mid). Information ratio: -1.03 (bottom quartile). Information ratio: -0.05 (lower mid). DSP US Flexible Equity Fund
Franklin Asian Equity Fund
Invesco India Growth Opportunities Fund
Aditya Birla Sun Life Banking And Financial Services Fund
ICICI Prudential Banking and Financial Services Fund
Kotak Standard Multicap Fund
Mirae Asset India Equity Fund
Kotak Equity Opportunities Fund
Axis Focused 25 Fund
Sundaram Rural and Consumption Fund
By now you know how to save money through a SIP. So, if you are also planning to save money for the above-mentioned reasons or just want to save money anyway, make a SIP investment now. Save money, live better!
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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