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SIP Mutual Funds (or Top 10 SIP Mutual Funds) are funds that adhere to the simple formula of periodic investment to avoid nervous selling during the inevitable ups and downs of the stock Market. Typically, SIP or Systematic Investment plan is an Investing mode to invest money in Mutual Funds. Investing in top 10 SIP Mutual Funds brings a systematic and disciplined approach to your investment. It reduces your effort to manage the SIP investment.
SIP offers leverage of the Power of Compounding leading to desired returns over time. There are different Types of Mutual Funds for SIP that include equity, debt, balanced and ultra-short term funds. However, Equity Mutual Funds offer maximum returns when invested via a SIP.
financial advisors suggest that the investors must invest in best mutual funds for SIP Basis their investment objectives and the period of SIP investment.
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Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) SBI PSU Fund Growth ₹30.3912
↑ 0.42 ₹1,876 500 16.9 60.3 94.3 43.3 24.3 54 Invesco India PSU Equity Fund Growth ₹57.93
↑ 0.75 ₹859 500 17.2 52.7 86.5 39.8 27.5 54.5 HDFC Infrastructure Fund Growth ₹43.562
↑ 0.24 ₹1,663 300 13.6 36.9 83 41.5 21 55.4 IDFC Infrastructure Fund Growth ₹46.192
↑ 0.54 ₹1,043 100 17.7 45.4 81.3 37 25.2 50.3 Nippon India Power and Infra Fund Growth ₹322.65
↑ 2.14 ₹4,529 100 13.8 42.2 80.9 40 26.8 58 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) SBI PSU Fund Growth ₹30.3912
↑ 0.42 ₹1,876 500 16.9 60.3 94.3 43.3 24.3 54 ICICI Prudential Infrastructure Fund Growth ₹171.84
↑ 1.20 ₹5,186 100 14.6 39.8 66.4 42.7 27.4 44.6 HDFC Infrastructure Fund Growth ₹43.562
↑ 0.24 ₹1,663 300 13.6 36.9 83 41.5 21 55.4 Nippon India Power and Infra Fund Growth ₹322.65
↑ 2.14 ₹4,529 100 13.8 42.2 80.9 40 26.8 58 Invesco India PSU Equity Fund Growth ₹57.93
↑ 0.75 ₹859 500 17.2 52.7 86.5 39.8 27.5 54.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) ICICI Prudential Infrastructure Fund Growth ₹171.84
↑ 1.20 ₹5,186 100 14.6 39.8 66.4 42.7 27.4 44.6 HDFC Infrastructure Fund Growth ₹43.562
↑ 0.24 ₹1,663 300 13.6 36.9 83 41.5 21 55.4 Nippon India Power and Infra Fund Growth ₹322.65
↑ 2.14 ₹4,529 100 13.8 42.2 80.9 40 26.8 58 DSP BlackRock India T.I.G.E.R Fund Growth ₹286.687
↑ 3.09 ₹3,364 500 15.9 40.4 74.8 38.6 26 49 SBI Infrastructure Fund Growth ₹47.4949
↑ 0.25 ₹2,432 500 12.6 36.8 69.9 36.6 25.6 49.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) JM Value Fund Growth ₹90.0581
↑ 0.41 ₹581 500 6.5 30.1 64.1 30.4 22.8 47.7 Templeton India Value Fund Growth ₹652.786
↑ 3.75 ₹1,820 500 8.5 25 44.7 29.2 20.3 33.7 UTI Transportation & Logistics Fund Growth ₹239.384
↑ 0.33 ₹3,108 500 14.8 30.7 60.7 29 19.6 40.1 Franklin India Opportunities Fund Growth ₹212.18
↑ 1.03 ₹2,950 500 14.2 38 74.2 28.8 23.4 53.6 HDFC Equity Fund Growth ₹1,639.21
↑ 9.48 ₹50,840 300 7.7 25 43.9 28.2 19.5 30.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24
Some of the benefits of investing in a SIP are:
The biggest benefit that a systematic investment plan offers is Rupee Cost Averaging which helps an individual to average out the cost of an asset purchase. While making a lump sum investment in a mutual fund a certain number of units are purchased by the investor all at once, in the case of a SIP the purchase of units is done over a long period and these are spread out equally over monthly intervals (usually). Due to the investment being spread out over time, the investment is made into the stock market at different price points giving the investor the benefit of averaging cost, hence the term rupee cost averaging.
Systematic Investment Plans also offer the benefit of the 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 the mutual funds in the SIP are in instalments, they are compounded, which adds more to the initially invested sum.
Apart from this Systematic Investment plans are a simple means to save money and what is an initially low investment over time would add to a large sum later on in life.
SIPs are a very affordable option for the masses to start savings since the minimum amount required for each instalment (that too monthly!) can be as low as INR 500. Some Mutual Fund companies even offer something called a “MicroSIP” where the ticket size is as low as INR 100.
Given that a systematic investment plan 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”.
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