What are the top performing SIPs in India? How to select the best-performing SIP Mutual Funds? These are some of the most common questions that trouble investors while investing in Mutual Funds. As said above, SIP investment is one of the most common and easiest ways to invest in mutual funds. You can start investing with as low as INR 500. This makes investing in top SIPs highly convenient. Usually, the best SIP plans in India generate higher returns when invested in for a significant time.
We have listed down the top 10 SIP plans to invest in the year 2019
Best SIP Plans to Invest in 2019
| Name of the Fund | Type of Fund | 1 Yr Return (%) | 3 Yr Return (%) | 5 Yr Return (%) |
| Axis Bluechip Fund (G) | Large Cap | 23.11 | 15.67 | 20.21 |
| Invesco India Growth Opportunities Fund (G) | Large Cap | 20.66 | 16.28 | 23.69 |
| L&T Mid Cap Fund(G) | Mid Cap | 8.25 | 17.81 | 32.00 |
| HDFC Midcap Opportunities Fund (G) | Mid Cap | 11.66 | 16.01 | 30.28 |
| HDFC Small Cap Fund (G) | Small Cap | 22.87 | 20.74 | 26.76 |
| L&T Emerging Business Fund (G) | Small Cap | 11.61 | 23.06 | NA |
| Mirae Asset India Equity Fund (G) | Multi-Cap | 8.25 | 17.81 | 32.00 |
| Motilal Oswal Multicap 35 (G) | Multi-Cap | 6.10 | 16.49 | NA |
| Axis Long Term Equity Fund (G) | ELSS | 21.41 | 14.41 | 27.54 |
| Aditya Birla SL Tax Relief ’96 (G) | ELSS | 19.77 | 16.18 | 26.39 |
*As on August 27, 2018
Snapshot of Best SIP Funds
| Name of the Fund | Launch Date | Risk | Minimum Investment | Minimum SIP Investment | Return Since Launch (%) | Exit Load | Top 5 Holdings |
| Axis Bluechip Fund (G) | Jan 5, 2010 | Moderately High | 5000/- | 1000/- | 13.09 | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days | 1. HDFC Bank2. Kotak Mahindra Bank 3. HDFC 4. Tata Consultancy Services 5. Bajaj Finance |
| Invesco India Growth Opportunities Fund (G) | Aug 9, 2007 | Moderately High | 5000/- | 500/- | 12.25 | 1% for redemption within 365 days | 1. HDFC Bank2. Reliance Industries 3. ICICI Bank 4. IndusInd Bank 5. Bajaj Finance |
| L&T Mid Cap Fund (G) | Aug 9, 2004 | High | 5000/- | 1000/- | 20.87 | 1% for redemptions within 365 days | 1. Bharat Financial Inclusion2. Emami 3. Berger Paints India 4. The Ramco Cements 5. Graphite India |
| HDFC Mid Cap Opportunities Fund | Jun 25, 2007 | Moderately High | 5000/- | 1000/- | 17.15 | 1% for redemptions within 365 days | 1. Sundaram Fasteners2. Balkrishna Industries 3.Cholamandalam Invest. and Fin. 4. Hexaware Technologies 5. Voltas |
| HDFC Small Cap (G) | Apr 3, 2008 | Moderately High | 5000/- | 500/- | 15.64 | 1% for redemptions within 365 days | 1. Sharda Cropchem2. NIIT Technologies 3. Firstsource Solutions 4. Aurobindo Pharma 5. Vijaya Bank |
| L&T Emerging Business Fund (G) | May 12, 2014 | NA | 5000/- | 500/- | 26.04 | 1% for redemptions within 365 days | 1. HEG2. Laxmi Machine Works 3. The Ramco Cements 4. Ipca Laboratories 5. Sterlite Technologies |
| Mirae Asset India Equity Fund (G) | Apr 04, 2008 | Moderately High | 5000/- | 1000/- | 16.94 | 1% for redemptions within 365 days | 1. HDFC Bank2. Reliance Industries 3. ICICI Bank 4. Infosys 5. State Bank of India |
| Motilal Oswal Multicap 35 Fund (G) | Apr 28, 2014 | Moderately High | 5000/- | 1000/- | 26.13 | 1% for redemptions within 365 days | 1. HDFC2. HDFC Bank 3. Maruti Suzuki India 4. IndusInd Bank 5. Infosys |
| Axis Long Term EquityFund (G) | Dec 29, 2009 | Moderately High | 500/- | 500/- | 19.30 | 0 | 1. HDFC Bank 2. Tata Consultancy Services 3. Kotak Mahindra Bank 4. HDFC 5. Pidilite Industries |
| Aditya Birla Sun Life Tax Relief 96 (G) | Mar 29, 1996 | Moderately High | 500/- | 500/- | 25.38 | 0 | 1. Gillette2. Honeywell Automation 3. Reliance Industries 4. Bayer CropScience 5.GlaxoSmithKline Pharma |
*As on August 27, 2018.
What is SIP?
SIP or Systematic Investment Plan is a popular investment strategy where you can invest a preset amount of money at regular intervals. SIP plans are one of the easiest and smartest ways to invest in mutual funds. Best SIP plans help you create a meticulous approach towards investment. Moreover, SIP plans can inculcate the habit of savings so that you can build up wealth to achieve your financial goals.
Systematic investment plans are flexible and allow the investors to either increase or decrease the amount of investment as per their requirement. You are in complete control of the investment and can choose to stop the investment at any point in time. SIP plans are the best and safest options for new investors to understand the basics of the market. An SIP calculator can be useful in finding out the best-suited SIP investment amount.
Benefits of Investing in SIP
- Saving in a disciplined manner: Planning and discipline are very critical for a healthy and successful investment. When you decide to invest in best SIP plans, you invest in a regular monthly manner. This inculcates the habit of regular and disciplined saving and thus gives you a long-term benefit.
- SIPs are flexible: SIPs do not have any lock-in period. However, industry professionals ask investors to understand the basics of how to invest in SIP for a long-term to reap maximum returns on their investment. This also helps them in achieving their long-term financial objectives. Nonetheless, you can redeem your investment any time you see fit. Moreover, there is an option to increase or decrease the SIP amount for your investment.
- Long-term benefits: Systematic investment plans are best for long-term financial objectives. Since the initial investment amount is small, the returns on investment are not instantaneous. However, over the course of time, you accumulate a substantial corpus and thus, can experience great returns on your investment. In addition to this, the power of compounding and rupee cost averaging also help you generate higher returns.
- SIPs are highly convenient: The biggest advantage the SIPs offer is the convenience. You have the facility to avail ECS which will automatically deduct the pre-set SIP amount from your bank account.
- SIPs have a moderate risk: Another huge advantage of investing in SIPs is that they are comparatively less risky investments. Retail investors with a low-risk appetite generally prefer systematic investment plans to remain invested for a longer period.
So, if you are starting young, with less or no financial obligations, SIP investment can have huge advantages over a considerable investment horizon. The best SIP plans in India offer you the opportunity of creating long-term wealth with moderate risk.
Top 5 SIP Investment Funds and their Past Performances
| Name of the Fund | Type of Fund | 1 Yr Return(%) | 3 Yr Return (%) | 5 Yr Return (%) |
| Axis Bluechip Fund (G) | Large Cap | 23.11 | 15.67 | 20.21 |
| L&T Mid Cap Fund(G) | Mid Cap | 8.25 | 17.81 | 32.00 |
| HDFC Small Cap Fund (G) | Small Cap | 22.87 | 20.74 | 26.76 |
| Mirae Asset India Equity Fund (G) | Multi-Cap | 8.25 | 17.81 | 32.00 |
| Axis Long Term Equity Fund (G) | ELSS | 21.41 | 14.41 | 27.54 |
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