Best SIP Plans for 5 Years Investment 2024

SIPs are a great way of investing in mutual funds^^ for both long and short terms. It helps inculcate an investment discipline while offering compounded returns. But the question that remains is - how to find the best sip plans to serve your investment purpose.

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SIP Benefits
Start SIP with as low as ₹1000
Start SIP with as low as ₹1000
No hidden charges
No hidden charges
Save upto ₹46,800 in Tax
Save upto ₹46,800 in Taxunder section 80 C
Zero LTCG Tax
Zero LTCG Tax^ (Unlike 10% in Mutual Funds)
Disciplined & worry-free investing
Disciplined & worry-free investing

Listed below are some of the best SIP plans for 5 years. You can check out these shortlisted SIP plans and select the one that works for you:

  • Insurance Companies
  • Mutual Funds
Returns
Fund Name 3 Years 5 Years 10 Years
Top 200 Fund Tata AIA 23.15% 27.3%
19.47%
View Plan
Virtue II PNB Metlife 21.78% 23.76%
17.76%
View Plan
Pure Equity Birla Sun Life 18.83% 19.17%
16.34%
View Plan
Growth Opportunities Plus Fund Bharti AXA 17.85% 18.97%
15.65%
View Plan
Pure Stock Fund Bajaj Allianz 17.49% 18.39%
15.52%
View Plan
Blue Chip Fund HDFC Standard 14.09% 14.83%
12.85%
View Plan
Growth Super Fund Max Life 14.38% 15.26%
12.72%
View Plan
Multi Cap Growth Fund ICICI Prudential 15.63% 13.98%
12.51%
View Plan
Equity Fund SBI 14.73% 14.91%
12.42%
View Plan
Growth Plus Fund Canara HSBC Oriental Bank 12.78% 12.27%
10.7%
View Plan

Updated as of May 2024

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  Returns
Fund Name 5 Years 10 Years RSI
Active Fund QUANT 27.80% 23.96%
21.08%
Large and Mid Cap Fund QUANT 23.27% 22.69%
19.64%
Flexi Cap Fund PARAG PARIKH 23.90% 20.22%
20.15%
Large and Mid Cap Fund EDELWEISS 20.32% 18.01%
16.76%
Equity Opportunities Fund KOTAK 20.22% 18.98%
17.44%
Large and Midcap Fund MIRAE ASSET 21.11% 24.56%
23.01%
Flexi Cap Fund PGIM INDIA 21.48% -
15.13%
Flexi Cap Fund DSP 19.48% 17.73%
15.82%
Emerging Equities Fund CANARA ROBECO 18.91% 22.92%
20.84%
Focused fund SUNDARAM 18.22% 16.55%
15.16%

Updated as of May 2024

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Best SIP Plans for 3 and 5 Years in Equity Funds 

Funds Name 3 Year Return 5 Year Return
Quant Small Cap Fund Direct Plan-Growth 67.91% 22.49%
Tata Digital India Fund Direct-Growth 37.81% 22.25%
ICICI Prudential Technology Direct Plan-Growth 51.73% 21.60%
SBI Technology Opportunities Fund Direct-Growth 36.75% 20.84%
Aditya Birla Sun Life Digital India Fund Direct-Growth 40.10% 20.80%
Quant Tax Plan Direct-Growth 51.73% 21.76%
Quant Mid Cap Fund Direct-Growth 46.37% 19.21%
Quant Active Fund Direct-Growth 46.72% 19.29%
Quant Infrastructure Fund Direct-Growth 40.10% 20.80%
Axis Small Cap Fund Direct-Growth 38.50% 18.34%

Best SIP Plans for 3 and 5 Years in Debt Funds

Fund Name 3 Year Return 5 Year Return
DSP Government Securities Direct Plan-Growth 5.88% 8.34%
Aditya Birla Sun Life Medium Term Direct Plan-Growth 14.17% 8.51%
Bandhan Government Securities Investment Plan Direct-Growth 5.69% 8.39%
ICICI Prudential Constant Maturity Gilt Fund Direct-Growth 5.17% 8.44%
ICICI Prudential Gilt Fund Direct Plan-Growth 6.70% 8.36%
IDFC Government Securities Fund Constant Maturity Direct-Growth 5.19% 7.85%
Nippon India Gilt Securities Fund Direct-Growth 5.38% 8.07%
Kotak Gilt Investment Direct-Growth 6.23% 8.06%
ICICI Prudential All Seasons Bond Fund Direct Plan-Growth 7.07% 8.06%
SBI Magnum Gilt Fund Direct-Growth 6.12% 8.07%

Best SIP Plans in Equity Funds

Equity funds are highly volatile but offer highest rate of returns. Listed below are some of the best equity funds for which you can start a SIP.

  1. Quant Small Cap Fund Direct Plan-Growth

    Quant Small Cap Fund Direct Plan-Growth is ideal for an investor looking for a medium to short-run investment. For example, an investor may expect a growth rate of 67.91% in 3 years under Quant Small Cap Fund Direct Plan-Growth. 5-years growth rate of the fund is 22.49%. 

  2. Tata Digital India Fund Direct-Growth

    Tata Digital India Fund Direct-Growth is an equity mutual fund scheme offered by Tata Mutual Fund. The plan is currently managed by the Fund Manager, Meeta Shetty. The fund’s current expense ratio is 0.31%. It is an open-end fund with INR 6,765.81 crores AUM (Asset Under Management).

  3. ICICI Prudential Technology Direct Plan-Growth

    ICICI Prudential Technology Direct Plan-Growth offers a 51.73% average growth rate in 3 years. In addition, it offers a 21.60% rate of returns in 5-years. One may consider INR 100 as the minimum amount to invest in ICICI Prudential Technology Direct Plan-Growth. 

  4. SBI Technology Opportunities Fund Direct-Growth

    SBI Technology Opportunities Fund Direct-Growth offers a 36.75% rate of returns in 3 years and a 20.84% growth rate in 5 years. An investor can start a SIP of INR 500 per month for at least 3 years to get maximum returns. The total fund size of SBI Technology Opportunities Fund Direct-Growth is INR 2861.77 crores.

  5. Aditya Birla Sun Life Digital India Fund Direct-Growth

    Aditya Birla Sun Life Digital India Fund Direct-Growth has existed for over ten years. The fund was launched on 01/01/2013. The current asset under the management of Aditya Birla Sun Life Digital India Direct-Growth Fund is INR 3,338.13 crores. It has an expense ratio of 0.88% and a 40.10% rate of return in 3-years. 

Best SIP Plans in Debt Funds

Listed below are the best sip plans for debt funds, along with the expected rate of returns on the investment made by the investor. 

  1. DSP Government Securities Direct Plan-Growth

    DSP Government Securities Direct Plan-Growth is a Gilt mutual fund scheme offered by DSP mutual fund. The fund has existed for more than ten years and was launched on 01/01/2013. It is a medium-sized fund with 0.54% as an expense ratio. DSP Government Securities Direct Plan-Growth fund offers a 5.88% rate of return in 3 years and an 8.34% rate of return in 5 years.

  2. Aditya Birla Sun Life Medium Term Direct Plan-Growth 

    Aditya Birla Sun Life Medium Term Direct Plan-Growth is a medium-duration scheme of mutual funds. It has INR 1,643 crore of assets under management and comes under the medium-sized fund category. It has a 14.17% rate of return in 3-years and an 8.57% rate of return in five years. 

  3. Bandhan Government Securities Investment Plan Direct-Growth

    Bandhan Government Securities Investment Plan Direct-Growth has its top holding in the GOI (Government of India) securities. The plan has delivered an 8.83% average annual rate of returns since its launch. Further, it has INR 1410 crores worth of assets under management. The plan offers a 5.69% rate of return in 3-years and an 8.39% rate of return in 5-years.

Bottom-line

You can invest in any of the above-listed sip plans for five years and even more. SIP calculator online tool can be used to analyze the SIP returns. You can also look at other SIP plans on our website.  However, make sure that you go through the fund house reputation, historic returns, NAV, and risk involved among other factors.

People Also Read: SWP Calculator

FAQ's

  • Which type of SIP mutual fund is most suitable for an investor?

    An investor with a high-risk appetite should invest in equity. At the same time, investors with a low-risk appetite can consider debt instruments. 
    Hybrid funds are for investors who want to balance the risk and returns on their investment. 
  • How much rate of return does SBI Magnum Gilt Fund offer in 3 and 5 years?

    The SBI Magnum Gilt Fund offers a 6.12% rate of return in 3-years and an 8.07% rate of return in 5-years.
  • What is a SIP calculator?

    It is a digital calculator utilized to calculate the return one may generate in a specific year. 
  • What is the best SIP plan for 5 year investment in 2023?

    Some of the best funds are listed above in categories of equity and debt. You can consider certain factors like risk appetite, fund performance history, and principal investment to finalize your suitable SIP investment plan for a 5-year investment in 2023.

+For Mutual Fund midcap category Returns https://www.morningstar.in/tools/mutual-fund-category-performance.aspx & for Insurance midcap fund category Returns- https://www.morningstar.in/tools/insurance-fund-category-performance.aspx
*Past 10 Year annualised returns as on 01-12-2023
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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