A sensible, hassle-free way to invest a set amount in a mutual fund scheme is through a systematic investment plan or SIP. The best SIP Mutual Funds in India enable one to buy units on a specific day each month for executing a savings strategy. Best SIP Mutual Funds in India are a fantastic way to purchase mutual funds.
Best SIP Mutual Funds to Invest is the best method to meet your short- and long-term aims. It is because the Best SIP Mutual Funds in India provide financial discipline and safeguards against market fluctuations. A specific predetermined quantity can be invested at predetermined periodic intervals (quarterly, monthly, weekly). The ability to instill the saving habit in an individual so they can begin to create a reasonable reserve for the future is one of the plan’s most significant benefits.
The adage “the early bird gets the worm” applies to the Best SIP Mutual Funds to Invest in because planning can be quite advantageous. A significant element of the Best SIP Mutual Funds to Invest is how simple it is to administer, your money will automatically be deducted from your bank account every month and put in a mutual fund scheme. Therefore, it is not necessary to time the market when you choose the Best SIP Mutual Funds in India for your investment requirements. Additionally, investments are approached with discipline.
List of Best SIP Mutual Funds in India 2023
How to locate the Best SIP Mutual Funds in India and fulfill your financial needs, however, is still an open subject.
The Best SIP Mutual Funds to Invest in are in the list below. In addition, you can review the following Best SIP Mutual Funds in India that have been narrowed down and choose one that is suitable for you:
| Name of SIP Fund | 3 Years Return | 5 Years Return | Monthly Investment |
| ICICI Prudential Technology Fund | 41.39% | 33.91% | 5,000 |
| TATA Digital India Fund | 41.48% | 35.52% | 5,000 |
| Aditya Birla Sun Life Digital India Fund | 21.6% | 27.8% | 1,000 |
| ICICI Prudential Bluechip Fund | 8.48% | 10.81% | 5,000 |
| Axis Bluechip Fund | 18.30% | 11.30% | 5,000 |
| HDFC Balance Advantage Fund | 16.60% | 15.50% | 5,000 |
| Kotak Standard Multicap Fund | 11.14% | 13.24%
|
5,000 |
| Nippon India Large Cap Fund | 8.42% | 10.90% | 5,000 |
| IDFC Government Securities Fund | 11.39% | 8.93% | 5,000
|
| Edelweiss Government Securities Fund | 11.04% | 8.60% | 5000
|
There are various best SIP mutual funds in India to invest in. Let’s talk about them in detail:
1. ICICI Prudential Technology Fund
If you want to produce long-term capital growth for you by investing primarily in equities, ICICI Prudential Technology Fund is among the Best SIP Mutual Funds in India. On March 3, 2000, the ICICI Prudential Technology Fund, an equity-sectoral fund, was introduced as the Best SIP Mutual Fund in India. It is a high-risk investment vehicle that has generated a compound annual growth rate/annualized return of 12.2% ever since its establishment. ICICI Prudential Technology Fund the Best SIP Mutual Fund in India has 37th place in the sectoral category.
ICICI Prudential Technology Fund has returns of
- 70.6% in 2020
- 75.7% in 2021
- 23.2% in 2022
| Expense Ratio | 2.07 |
| Risk | High |
| Minimum SIP investment | 5,000 |
| Rating | 2/5 |
2. TATA Digital India Fund
On December 28, 2015, TATA Digital India Fund, the Best SIP Mutual Fund in India equity-sectoral fund, was introduced. It is among the Best SIP Mutual Funds in India with a high-risk investment vehicle that has generated a compound annual growth rate/annualized yield of 18.4% ever since its establishment.
TATA Digital India Fund has returns of
- 54.8% in 2020
- 74.4% in 2021
- 23.3% in 2022
By engaging at least 80% of its asset value in equities and equity-related instruments of businesses in India’s technology sector, the Best SIP Mutual Funds in India has the goal to pursue long-term capital appreciation. The achievement of the scheme’s investment goal is not, however, specific or guaranteed. Therefore, the Best SIP Mutual Funds to Invest in neither promise nor ensure any returns.
| Expense Ratio | 0 |
| Risk | High |
| Minimum SIP investment | 5,000 |
| Rating | 3/5 |
3. Aditya Birla Sun Life Digital India Fund
On January 15, 2000, the Aditya Birla Sun Life Digital India Fund, an equity-sectoral Best SIP Mutual Fund in India, was introduced. This is the Best SIP Mutual Fund to Invest with is a high-risk investment vehicle that has generated a compound annual growth rate/annualized yield of 11.5% ever since its establishment. Aditya Birla Sun Life Digital India Fund is 33rd in industrial classification.
Aditya Birla Sun Life Digital India Fund has returns of
- 59% in 2020
- 70.5% in 2021
- 21.6% in 2022
This fund follows a multi-sector approach and invests in various technology-related companies, including hardware, accessories, components, applications, telecommunications, multimedia, web, and e-commerce.
With its focus on the technology sector, Aditya Birla Sun Life Digital India Fund is well-positioned to benefit from India’s increasing digitalization and technological advancements. In addition, the fund’s diversified portfolio can help investors mitigate risk while still achieving potentially attractive returns.
By investing in mutual funds for beginners through a Systematic Investment Plan (SIP), investors can benefit from the power of compounding and build their wealth over time. With a disciplined approach to investing and a long-term horizon, Aditya Birla Sun Life Digital India Fund could be a great addition to any investor’s portfolio.
| Expense Ratio | 2.19 |
| Risk | High |
| Minimum SIP investment | 1,000 |
| Rating | 2/5 |
4. ICICI Prudential Bluechip Fund
The Equity-Global fund ICICI Prudential US Bluechip Equity Fund was introduced on July 6, 2012. It is one of the Best SIP Mutual Funds in India with a high-risk investment vehicle that has generated a CAGR/annualized return of 16.1% ever since its establishment. ICICI Prudential US Bluechip Equity Fund ranked 7th in the world among the Best SIP Mutual Funds in India.
ICICI Prudential US Bluechip Equity Fund has returns of
- 18.6% in 2020
- 22.5% in 2021
- 7.1% in 2022
By directly investing in equity and equity-related instruments of firms that are listed on the New Stock Market or NASDAQ, ICICI Prudential Bluechip Equity Fund seeks to offer long-term capital growth to shareholders. The realization of the Scheme’s financial goal, however, cannot be guaranteed.
| Expense Ratio | 2.26 |
| Risk | High |
| Minimum SIP investment | 5,000 |
| Rating | 4/5 |
5. Axis Bluechip Fund
Axis Bluechip Fund is an open-ended equity Best SIP Mutual Fund in India, that has a proven track record of success. This Best SIP Mutual Funds in India officially opened on January 5, 2010. For individuals looking for long-term investment returns, the SIP is the Best SIP Mutual Fund in India. The majority of the transaction is made in large-cap shares of big businesses. The Best SIP Mutual Funds in India’s investment goal is to achieve long-term capital growth through investments in a diverse portfolio that are primarily made up of equities and equity-related securities from large-cap firms.
Axis Bluechip Fund has returns of
- 10.35% in 2020
- 11.76% in 2021
- 10.78% in 2022
| Expense Ratio | 1.65 |
| Risk | Very-High |
| Minimum SIP investment | 5,000 |
| Rating | 4/5 |
6. HDFC Balance Advantage Fund
This Best SIP Mutual Fund to Invest in is an Open-ended and Dynamic Asset Allocation Hybrid HDFC Balanced Advantage Fund is a product of HDFC Mutual Financial Institution. On September 11, 2000, the fund was established. The investment of the Best SIP Mutual Funds in India’s goal is to pursue long-term financial growth and earnings from a flexible mix of equities and debt holdings. Around 64.43% of the fund’s assets are allocated to equities, 22.75% to debt, and 10.22% to cash and cash equivalents. The top 3 sectors comprise approximately 38.23% of the assets, compared to the most significant ten equity holdings, which include approximately 36.23%.
HDFC Balance Advantage Fund has returns of
- 2.25% in 2020
- 8.22% in 2021
- 8.63% in 2022
| Expense Ratio | 1.52 |
| Risk | High |
| Minimum SIP investment | 5,000 |
| Rating | 4/5 |
7. Kotak Standard Multicap Fund
Kotak Standard Multicap Fund is a product of Kotak Mahindra Mutual Fund. This fund comes under Best SIP Mutual Funds in India and was established on January 1, 2013, making it ten years. Kotak Standard Multicap Fund is a moderate fund in its sector with assets under management of 36,433 Crores. The fund’s expense ratio, which is 0.67%, is lower than that of the majority.
The fund’s index fund, which is 0.67%, is lower than that of the majority. The 1-year earnings of Best SIP Mutual Funds in India are 7.68%. It has generated 15.87% average yearly returns since its startup. Every three years, this Best SIP Mutual Fund in India has increased the amount invested in it.
Kotak Standard Multicap Fund has returns of
- 12.89% in 2020
- 26.59% in 2021
- 5.98% in 2022
| Expense Ratio | 0.67 |
| Risk | Very-High |
| Minimum SIP investment | 5,000 |
| Rating | Unrated |
8. Nippon India Large Cap Fund
The Nippon India Mutual Fund House owns the open-ended multi-cap equity Nippon India Large Cap Fund. On August 8th, 2007, the fund was created. As of September 30th, 2022, the Nippon India Large Cap Fund has managed assets totaling Rs. 11950.93 crores. The fund’s principal investment strategy is to make investments in large-size businesses’ equity and equity-related securities to produce long-term capital growth. The fund’s investment decision is made up of around 97.21% equity, 0.02% debt, and 2.77% cash/cash equivalents. Approximately 52.81% of the capital is made up of the best ten equities, while 54.41% is made up of the top 3 categories.
Nippon India Large Cap Fund has returns of
- 4.91% in 2020
- 32.4% in 2021
- 11.3% in 2022
| Expense Ratio | 1.81 |
| Risk | Very-High |
| Minimum SIP investment | 5,000 |
| Rating | 3/5 |
9. IDFC Government Securities Fund
The IDFC Mutual Fund House’s IDFC Government Securities Fund – Investment Plan – Regular Plan is an open-ended government debt investment program. It is among the best SIP Mutual Funds in India and began operation on December 1st, 2008. The investment goal of this fund is to produce a respectable yield with good liquidity by investing in sovereign bonds of different maturities. The IDFC Government Securities Fund’s Investment Plan’s Regular Plan’s Current Net Asset Value as of February 14th, 2023, is Rs 29.08 for the Growth option. As of September 30th, 2022, the IDFC Government Securities Fund – Investment Plan – Regular Plan had managed assets totaling of worth Rs. 1387.91 crores.
DFC Government Securities Fund – Investment Plan – Regular Plan has returns of
- 13.07% in 2020
- 2.05% in 2021
- 1.45% in 2022
| Expense Ratio | 1.24 |
| Risk | Moderate |
| Minimum SIP investment | 5,000 |
| Rating | 3/5 |
10. Edelweiss Government Securities Fund
The Edelweiss Mutual Fund House operates the open-ended Gilt Debt scheme Edelweiss Government Securities Fund – Direct Plan. The vehicle began operations on February 13, 2014. The fund’s principal investments are in financial markets and short-term corporate bonds to generate income. As of February 14, 2023, the Edelweiss Government Securities Fund’s Direct Plan’s Latest Gross Asset Value for the Growth option is Rs 21.38. As of September 30, 2022, the Edelweiss Government Securities Fund – Direct Plan had managed assets totaling Rs. 114.91 crores.
Edelweiss Government Securities Fund has returns of
- 14.04% in 2020
- 4.86% in 2021
- 3.91% in 2022
| Expense Ratio | 0.66 |
| Risk | Moderate |
| Minimum SIP investment | 5,000 |
| Rating | 4/5 |
Factors to Consider Before Investing SIP Mutual Funds
Investing in SIP mutual funds requires lots of attention to various factors to choose the best scheme for yourself. Consider the factors below while selecting one for yourself:
● Keep a Separate SIP for Each Relevant Goal
People may have multiple objectives in mind, so setting up different Best SIP Mutual Funds in India for each aim will assist you in assessing your expenditure more accurately. Determine the best investment approach for a certain goal and think about selecting the appropriate category of equity funds based on your timeline.
● Determine Your Needs
If you are looking for new alternatives to saving, you can commence the Best SIP Mutual Funds in India by putting in a very modest sum monthly to start investing in equity. One can invest in SIPs following their demands. Attempting to make a lower monthly expenditure, as opposed to a larger one, lessens the burden on your finances. Since the internet was invented, everyone may check the Best SIP Mutual Funds in India.
● Review the Performance of the Portfolio in a Few Years
Regular portfolio reviews for the Best SIP Mutual Funds in India are advised. By doing this every three to four years, you can improve the profits of your investment by getting rid of low performers.
● Expansion
Depending on your risk tolerance, boost your investment strategy. Your level of risk tolerance while trading in the given Best SIP Mutual Funds in India is determined by your willingness to take risks. Each individual has a different level of risk tolerance, which is influenced by several variables, such as expendable cash, the length of the equity portfolio, and other requirements.
Why Invest in SIP?
The fact that the 10 Best SIP Mutual Funds to Invest 20223 instills consistency in your financial decisions and fosters consistent saving behaviors is among the main reasons you must engage in one. A SIP is based on the concept of small, frequent investments. It makes it possible for the individual to accumulate assets over time. A SIP also has a lot of other advantages. The much more significant ones are listed below:
1. Average Cost in Rupees
Investing in the Best SIP Mutual Funds in India can help with expense-yield ratio compounding. Due to the volatility of the share market, an investor buys more outstanding shares whenever the cost of the shares is lower and fewer units whenever the share value is higher. Frequent investors have a better chance of obtaining additional assets at reasonable prices thanks to the Best SIP Mutual Funds in India compared to those who make a significant one-time investment.
2. The Strength of Compounding
Any modest sum of money, when maintained for comparatively a more extended period, can increase and earn you maximum profit by the investment returns hypothesis. By making simple, frequent investments in the Best SIP Mutual Funds in India, the owner will be capable of accumulating a sizable portfolio and meeting long-term investment goals.
3. Paying Automatically
You might occasionally forget to make installment payments, especially if you are somebody who invests regularly. A SIP removes this by automation the installments, causing a preset sum to be periodically withheld from your mentioned bank account once a month. Therefore, there is no chance that you will forget to make the installment payments.
4. It takes up Little Money
A SIP investment is possible for as little as Rs. 500. This small sum won’t put a strain on your finances, and it will gradually grow to bring you significant profits.
5. Reduces the Need to Time the Market
You don’t need to be concerned well about the economy’s performance because the Best SIP Mutual Funds in India are periodic investments. Despite both highs and lows, SIP’s performance will eventually level off. It will guarantee that you’ll be able to obtain significant results despite market turbulence.
6. Emergencies may be Covered by Funds
With such a single click, you can withdraw and use real money from the Best SIP Mutual Funds to Invest anywhere at the moment. Whatever unforeseen circumstances, including loss of employment, injuries, sickness, etc., might well be covered by such a fund.
Conclusion
In the developing economy, investing in the Best SIP Mutual Funds in India is a successful approach to using your funds and possibly increasing your fortune. If you invest wisely, your money can grow in worth and surpass the economy if you make wise investment decisions. Compounding’s effectiveness, as well as the risk-return trade-off, are the leading causes of investment’s higher potential growth. The Rates of return may be obtained by investing in equities.
In comparison, although it is thought to be less hazardous than purchasing stocks, financial intermediaries or retirement fund investments probably won’t be offering the very same earning potential. Your tolerance or willingness to take risks will determine how much chance you are willing to take. How so much chance with your asset you’re ready to accept in exchange for potentially more enormous rewards is entirely up to you.
However, you might need to take some chances if you want to rise with inflation. Your money may have more opportunities to grow if the risk is higher. Therefore SIPs are the best option for your asset investments. You can consider the above-mentioned Best SIP Mutual Funds in India and remember to study each before investing your hard-earned cash.
Best SIP Mutual Funds in India 2023 – FAQs
What are the benefits of SIP?
Ans. The main benefit of SIP is that it encourages consistent investing. It allows the individual investor to put their investment model to practice and aids in creating a practice of saving and investing.
What are the steps for the Best SIP Mutual Funds to Investment offline?
Ans. You must fill out a request form and send a check for the quarterly or monthly SIP amount, a copy of your PAN card, documentation of your address, and a canceled check as confirmation of your bank information to participate in the offline mode of SIP.
What should you think about before making SIP investments?
Ans. The Net Asset Value, or NAV, should be taken into account when investing in SIP. You put this amount into the program as your payment. Its evaluations and past performance must also be examined. Understanding the profits the SIP would generate is crucial for ensuring the security of your capital.
Is there a minimum investment amount for SIPs?
Ans. Yes, certain Best SIP Mutual Funds in India have minimal capital requirements. The Aditya Birla Sun Life Digital India Fund, for instance, necessitates a minimum SIP commitment of Rs. 1000. The minimum amount to invest for the SBI Bluechip Fund Regular Growth is Rs. 5000. You must therefore adjust your capital investment based just on the Best SIP Mutual Funds in India you are participating.
Does KYC matter for SIP?
Ans. One must complete their KYC at the time of the term of the investment, as KYC is necessary for SIP as well. Users must submit KYC documentation to participate in SIP because it belongs within the equity investment program.
Who may make the Best SIP Mutual Funds for Investments?
Ans. In SIP, anyone could invest. But you need to perform a risk analysis of the Best SIP Mutual Funds in India to figure out how so much danger you are willing to accept. In addition, you must have bank information, PAN information, and verification of your address.
What separates a Mutual Fund SIP request from a Mutual Fund SIP order?
Ans. A Mutual Fund SIP request is permission from you to India Infoline Limited to place purchase orders by the request’s requirements. Any orders that India Infoline Limited places with your consent through a SIP application are referred to as Mutual Fund SIP orders.
Do I have to set aside money to submit a Mutual Fund SIP Request?
Ans. The Mutual Fund SIP Request is essentially a statement that permits IIFL to make orders in your account by the directions you provided in the SIP Request. Therefore, whenever you submit a request for a mutual fund SIP, no money is needed or used. However, your money would be needed and put to use when making the SIP purchases.
