A SIP or systematic investment plan allows people to invest their money in instalments rather than in a lump sum. It makes the investor disciplined towards saving funds. Investors can also choose the frequency of payments or instalments from daily, weekly, quarterly, monthly, bi-annual, and annual.Read more
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SIP is beneficial for all types of investors as it periodically invests a specific amount and grow the habit of savings or keeping liquidity. It also helps in building a corpus for certain life goals.
The most important aspect of investing through the SIP option is that investment will be hassle-free. The fixed amount will be auto-debited on the fixed date from the investor's bank account, and investors do not have to time the market.
By keeping in mind these criteria, SIPs are bifurcated into four categories:
Equity-linked saving schemes
Let us explore some of the best funds under these categories.
The large-cap scheme is the scheme that invests in companies with a market cap of over Rs. 20,000. This allows investors to generate income by exposing them to the market's volatility.
It was launched on 5th August 2005 for investments in equity instruments and equity-related schemes. It aims to generate more income for the investors by investing in companies with larger market caps.
Fund's asset value is Rs. 2523 Crores as of November, 30th 2021. The minimum SIP amount for this fund is Rs. 1000.
It is an open-ended fund that was launched on 31st October 2002. Its expense ratio is 1.83% as of November, 30th 2021. It mainly invests in equity-related funds from varied asset classes to mitigate the risk.
Fund's asset value is Rs. 12,243 Crores as of November, 30th 2021. The minimum SIP amount for this fund is Rs. 100.
In mid-cap schemes, people can invest in companies with a market cap of Rs. 500 crores to Rs. 10,000 crores. You can invest in these funds if you have a higher risk appetite and want to grow your funds in a short period.
It was launched on 31st May 2007 and has an expense ratio is 2.11% as of November, 30th 2021. It invests mainly in equity funds and other equity securities of small and mid-cap companies to generate capital appreciation in the long run.
Fund's asset value is Rs. 2,879 Crores as of November, 30th 2021. The minimum SIP amount for this fund is Rs. 1000.
This fund was launched on 11th March 2005, and it has an expense ratio of 1.85% as of November, 30th 2021. It invests in the equity securities of the small and mid-cap funds from the diversified portfolio.
Fund's asset value is Rs. 11,735 Crores as of November, 30th 2021. The minimum SIP amount for this fund is Rs. 1000.
It is a mixture of both equity and debt schemes. People, who have a lower risk appetite or do not understand the market very well, can invest in this type of fund.
IDFC Premier Equity Fund was launched on 28th September 2005. Its expense ratio is 1.95% as of November, 30th 2021. Fund's asset value is Rs. 5858 Crores as of November, 30th 2021.
The minimum SIP amount for this amount is Rs. 100. It invests in the equity-related securities of small and medium-sized companies with a diversified portfolio.
It was launched on 9th September 2004. It invests in the stocks of the companies that are large and mid-cap across the sectors. Fund managers choose the companies based on their performances in the market.
Its expense ratio is 1.91% and the asset value is Rs. 8,163 Crores as of November, 30th 2021. The minimum SIP amount for this fund is Rs. 1000.
Equity-linked savings schemes (ELSS) invest in the equity market. This scheme is suitable for individuals looking for long-term capital appreciation and who wish to save tax.
It is one of the oldest funds in the market with its launch dating back to 31st March 1996. Its expense ratio is 2.11% and the asset value is Rs. 2889 Crores as of November, 30th 2021. The asset allocation of this fund is on an 80-20 basis.
80% of the capital is invested in the equity securities, whereas 20% is invested in the debt funds. The minimum amount for SIP is Rs. 150.
It was launched on 16th February 1999. Its expense ratio is 2.52% and the asset value is Rs. 443 Crores as of November, 30th 2021.
It mainly invests in equity-related schemes to generate more income for the investors and provide tax relief. The minimum amount for SIP is Rs. 500.
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