Invest in Best SIP for 3000 per Month

If you are looking to invest your hard-earned money wisely and systematically, then consider investing it in the best SIP for Rs. 3000 per month. SIPs offer an effective and hassle-free way to invest in mutual funds, allowing you to grow your wealth gradually over time. By investing a fixed amount every month, you can take advantage of rupee-cost averaging and benefit from the power of compounding.

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Let us learn the list of funds of some of the best SIPs for 3000 per month that can help you meet your long-term goals.

List to Invest in Best SIP for Rs. 3,000 per Month

Learn some of the best SIP investment funds to invest in 2023 from the table mentioned below:

SIP Plan Name NAV (in Rs.) Fund Size Expected Annualized 10-Year Returns Risk
ULIP Funds
TATA AIA - Whole Life Mid Cap Equity Fund

108.43 Rs. 10,453 Cr 21.9% High Risk High Return
Aditya Birla Capital Life - Multiplier Fund

71.58 Rs. 3,525 Cr 20.60% High
Tata AIA - Top 200 Fund 122.76 Rs. 1,204 Cr 20.20% High Risk High Return
HDFC Life - Opportunities Fund 56.796 Rs. 32,785 Cr 19.50% Moderately High
Bajaj Allianz Life - Accelerator Mid-Cap Fund II

60.71 Rs. 5,083 Cr 19.40% Moderately High
Max Life - High Growth Fund 74.68 Rs. 3,532 Cr 18.30% High
PNB MetLife - Virtue II Fund 53.35 Rs. 2,105 Cr 17.30% High Risk High Return
Bharti AXA Life - Growth Opportunities Plus Fund 55.07 Rs. 809 Cr 17.20% High Risk High Return
Mutual Funds
Nippon India Large Cap Fund 65.90 Rs. 1,586 Cr 17.39% Moderately High
Aditya Birla Sunlife Flexi Cap Fund - Growth 1298.68 Rs. 17,296 Cr 17.55% High
DSP Equity Opportunities Fund Growth 428.64 Rs. 8,869 Cr 17.22% Moderately High
Mirae Asset Large Cap Fund 87.85 Rs. 3,535 Cr 17.24% Moderate Risk
ICICI Prudential Bluechip Fund 86.11 Rs. 4,008 Cr 16.52% Moderate to High
Kotak Bluechip Direct Growth 481.20 Rs. 6,370 Cr 16.40% Moderate Risk
Nippon India Equity Hybrid Fund 79.86 Rs. 3,026 Cr 13.05% Moderately High
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  1. TATA AIA- Whole Life Mid Cap Equity Fund

    Tata AIA Whole Life Mid Cap Equity Fund is a Unit-Linked Insurance Plan (ULIP) that invests in mid-cap stocks. It was launched in January 2007 and is managed by Tata Asset Management.

    Details of TATA AIA- Whole Life Mid Cap Equity Fund:

    • The fund has a 5-year annualized return of 19.60% as of 28 September 2023.

    • The fund's investment objective is to generate long-term capital appreciation by primarily investing in Mid Cap Equity and related securities, with limited exposure to large-cap equities, capped at 20%.

    • The Whole Life Mid Cap Equity Fund invests 97.22% in equity assets and 2.78% in money market instruments.

    • Benchmark Index of this fund is Nifty Midcap 100 (100%).

    • You can start an SIP in this fund with Rs. 2,000 per month.

    • This is a good option for investors who are looking for long-term growth potential.

    Illustration of TATA AIA-Whole Life Mid Cap Equity Fund Returns:

    • If you invest Rs. 3,000 per month

    • Period of investment: 5 years

    • TATA AIA- Whole Life Mid Cap Equity Fund Expected 5-year Annualised Returns: 19.60%

    • Total Investment: Rs. 1.8 lakhs

    • Total Returns: Rs. 3.06 lakhs

  2. Aditya Birla Capital Life- Multiplier Fund

    Aditya Birla Capital Life- Multiplier Fund is also a ULIP plan fund that invests in a mix of equity and debt instruments. This fund was launched by Aditya Birla Sun Life Asset Management in January 2007.

    Details of Aditya Birla Capital Life- Multiplier Fund:

    • The fund has a 5-year annualized return of 16.10% as of 28 September 2023.

    • The fund's investment objective is to generate long-term wealth growth through active management of a diversified equity portfolio, mainly consisting of companies with a market capitalization of approximately Rs. 1000 crores or more.

    • The Benchmark Index of the Aditya Birla Life Multiplier Fund is Nifty Midcap 100 & Crisil Liquid Fund Index.

    • Top 5 Fund Holdings: Rural Electrification Corporation Limited, Shriram Transport Finance Company Limited, Trent Ltd, Hindustan Unilever Limited, and HDFC Bank Limited.

    • Aditya Birla Capital Life- Multiplier Fund is a good option for investors who are looking for long-term growth potential.

    Illustration of Aditya Birla Capital Life- Multiplier Fund Returns:

    • If you invest Rs. 3,000 per month

    • Period of investment: 5 years

    • Aditya Birla Capital Life- Multiplier Fund Expected 5-year Annualised Returns: 16.10%

    • Total Investment: Rs. 1.8 lakhs

    • Total Returns: Rs. 2.77 lakhs

  3. Tata AIA Life - Top 200 Fund

    Tata AIA - Top 200 Fund is a large-cap equity fund managed by Tata AIA Life Insurance Company Limited. It is an open-ended equity scheme that invests in the top 200 companies by market capitalization in India. 

    Details of Tata AIA - Top 200 Fund:

    • The Top 200 Fund has a 5-year annualized return of 22.90% as of 28 September 2023.

    • This fund focuses on long-term capital growth by investing in carefully chosen stocks and equity-linked instruments from the BSE 200 Index.

    • The investment objective is to outperform the Index and may also include debt and money market instruments as a defensive strategy in response to market conditions.

    • The fund charges an exit load of 1% if you redeem from the fund within 90 days

    • Benchmark of the Top 200 Fund is S&P BSE 200 (100%).

    • The fund invests 97.42% funds in equity assets and 2.58% in money market instruments.

    • Top 5 Fund Holdings: Infosys Ltd., HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, and IndusInd Bank Ltd.

    Illustration of Tata AIA - Top 200 Fund:

    • If you invest Rs. 3,000 per month

    • Period of investment: 5 years

    • Expected 5-year Annualised Returns of Tata AIA - Top 200 Fund: 22.90%

    • Total Investment: Rs. 1.8 lakhs

    • Total Returns: Rs. 3.37 lakhs

    People Also Read: SWP Calculator

  4. HDFC Life - Opportunities Fund

    HDFC Life Opportunities Fund is a unit-linked insurance plan (ULIP) fund that aims to generate long-term capital appreciation along with current income from a combined portfolio of equity and debt market instruments. The equity exposure of the fund will be between 80% and 100%.

    Details of HDFC Life - Opportunities Fund:

    • The HDFC Life Opportunities Fund seeks long-term capital growth by primarily investing in mid-cap stocks poised to become future blue-chip companies. 

    • It focuses on stocks with market capitalization equal to or lower than the highest weighted stock in the NSE CNX Midcap Index. 

    • The annualized 5-year returns of HDFC Opportunities Fund is 15.5%

    • The fund may allocate up to 20% in money market instruments/cash.

    • The Benchmark Index of this fund is Nifty Midcap 100.

    • Currently, 97.15% funds are invested in equity assets and 2.71% in money market investments.

    • The Top 5 Fund Holdings are Trent Ltd, The Indian Hotels Company Ltd, AU Small Finance Bank Limited, Federal Bank Limited, and REC Limited.

    Illustration of HDFC Life - Opportunities Fund:

    • If you invest Rs. 3,000 per month

    • Period of investment: 5 years

    • Expected 5-year Annualised Returns of HDFC Life - Opportunities Fund: 15.50%

    • Total Investment: Rs. 1.8 lakhs

    • Total Returns: Rs. 2.72 lakhs

  5. Max Life - High Growth Fund

    Max Life High Growth Fund is a multi-cap equity fund with a focus on mid-cap stocks. It is a high-risk, high-reward fund that aims to generate long-term capital appreciation for investors. The fund invests at least 70% of its assets in equities, with the remaining 30% invested in debt and money market instruments.

    Details of Max Life - High Growth Fund:

    • The Max Life High Growth Fund offers 5-year annualized returns of 20.90% p.a.

    • The fund is a multi-cap fund with a strong emphasis on mid-cap stocks, aiming for long-term capital growth.

    • It keeps a minimum of 70% of its assets in equities while the rest is invested in government securities, corporate bonds, and money market instruments, which entails relatively higher risk.

    • The Benchmark Index of this High Growth Fund is Nifty Mid Cap Free Float (100%).

    • The Top 5 Holdings of this fund are Shriram Finance Limited, Dixon Technologies India Limited, Bharat Electronics Limited, IDFC First Bank Limited, and Poonawalla Fincorp Limited (Formally MAGMA).

    Illustration of Max Life - High Growth Fund:

    • If you invest Rs. 3,000 per month

    • Period of investment: 5 years

    • Expected 5-year Annualised Returns of Max Life - High Growth Fund: 20.90% p.a.

    • Total Investment: Rs. 1.8 lakhs

    • Total Returns: Rs. 3.18 lakhs

  6. Nippon India Large Cap Fund - Growth

    The Nippon India Large Cap Fund Growth is an open-ended equity mutual fund scheme managed by Nippon India Asset Management. The fund aims to generate long-term capital appreciation by investing in a diversified portfolio of large-cap companies listed on the Indian stock exchanges.

    Details of Nippon India Large Cap Fund Growth:

    • The fund has a track record of consistent performance with 5- year annualized returns of 14.94%

    • The fund has a low expense ratio of 0.94%

    • The exit load is 1%, if redeemed within 7 days

    • The fund is suitable for investors who are looking for long-term growth and are comfortable with moderate levels of risk

    • Nippon India Large Cap Fund is managed by Nippon India Asset Management

    • You can invest in this fund with small SIP of Rs. 500

    Illustration of Nippon India Large Cap Fund Growth Returns:

    • If you invest Rs. 3,000 per month

    • Period of investment: 5 years

    •  Nippon India Large Cap Fund Growth Expected 5-year Annualised Returns: 14.94%

    • Total Investment: Rs. 1.8 lakhs

    • Total Returns: Rs. 2.68 lakhs

    You can check the returns on your sip of 3000 using an online sip calculator.

  7. Aditya Birla Sunlife Flexi Cap Fund Growth

    Aditya Birla Sunlife Asset Management Company offers the high risk high -return seeking investors with Aditya Birla Sunlife Flexi Cap Fund (Growth) option. This is an open-ended equity mutual fund scheme.

    Details of Aditya Birla Sunlife Flexi Cap Fund Growth:

    • The fund aims to generate long-term capital appreciation by investing in a diversified portfolio of companies across market capitalizations

    • Aditya Birla Sunlife Flexi Cap Fund invests in large-cap, mid-cap, and small-cap companies

    • Experienced professional fund managers adjust the asset allocation on your behalf based on the market conditions

    • The historical 5-year returns of this fund is 13.15%

    • The fund is suitable for investors who are looking for long-term growth and are comfortable with moderate levels of risk

    • Nifty 50 & Nifty Next 50 are the benchmark indices of this fund

    • You can invest in this fund with minimum SIP amount of Rs. 500

    Illustration of Aditya Birla Sun Life Flexi Cap Fund Growth Returns:

    • If you invest Rs. 3,000 per month

    • Period of investment: 5 years

    • Aditya Birla Sunlife Flexi Cap Fund Growth Expected 5-year Annualised Returns: 13.15%

    • Total Investment: Rs. 1.8 lakhs

    • Total Returns: Rs. 2.55 lakhs

  8. DSP Equity Opportunities Fund

    DSP Equity Opportunities Fund is an open-ended equity mutual fund scheme managed by DSP Investment Managers. The fund invests in a diversified portfolio of large-cap, mid-cap, and small-cap companies, which comes with high risks, but offers the potential of high returns in the long term.

    Details of DSP Equity Opportunities Fund:

    • As of 28 September 2023, the fund has a 5-year returns of 15.46%

    • The fund has a low expense ratio of 0.89%

    • The exit load is 1%, if you redeem your investment from this fund within 1 year

    • The fund is suitable for investors with moderate risk profile

    • The fund allows you to invest with the minimum SIP amount of Rs. 100

    • If you are looking for a long-term growth investment, the DSP Equity Opportunities Fund is a good option to consider

    • The fund is managed by experienced fund managers

    Illustration of DSP Equity Opportunities Fund Returns:

    • If you invest Rs. 3,000 per month

    • Period of investment: 5 years

    • DSP Equity Opportunities Fund Expected 5-year Annualised Returns: 15.46%

    • Total Investment: Rs. 1.8 lakhs

    • Total Returns: Rs. 2.72 lakhs

  9. Mirae Asset Large Cap Fund

    Mirae Asset Large Cap Fund is a large-cap equity fund that invests at least 80% of its assets in equity and equity-related securities of large-cap companies, and the remaining 20% in debt and money market instruments.

    Details of Mirae Asset Large Cap Fund:

    • As of 28 September 2023, the fund has a 5-year returns of 12.91%

    • The fund has a low expense ratio of 0.89%

    • The exit load is 1%, if you redeem your investment from this fund within 1 year

    • The fund is suitable for investors with moderate risk profile

    • The fund allows you to invest with the minimum SIP amount of Rs. 100

    • If you are looking for a long-term growth investment, the DSP Equity Opportunities Fund is a good option to consider

    • The fund is managed by experienced fund managers

    Illustration of Mirae Asset Large Cap Fund:

    • If you invest Rs. 3,000 per month

    • Period of investment: 5 years

    • Mirae Asset Large Cap Fund Expected 5-year Annualised Returns: 12.91%

    • Total Investment: Rs. 1.8 lakhs

    • Total Returns: Rs. 2.53 lakhs

  10. Nippon India Equity Hybrid Fund

    Nippon India Asset Management House manages the Nippon India Equity Hybrid Fund. This is an open-ended hybrid mutual fund scheme. The fund aims to invest in a diversified portfolio of equity and debt instruments with its underlying funds.

    Details of Nippon India Equity Hybrid Fund:

    • The fund can invest up to 50% of its assets in equity, and the rest in debt instruments

    • As of 28 September 2023, the fund has a 5-year returns of 8.16%

    • You can invest in this fund with the small SIP amount of Rs .100

    • The expense ratio of this fund is 1.28%

    • The fund is suitable for investors who are looking for long-term growth and are comfortable with moderate levels of risk

    • The assets are allocated as 47.8% in domestic equities, and 52.2% in debt securities

    • The fund has high investment risk element, so, it may not be suitable for short-term investors

    Illustration of Nippon India Equity Hybrid Fund Returns:

    • If you invest Rs. 3,000 per month

    • Period of investment: 5 years

    • Nippon India Equity Hybrid Fund Expected 5-year Annualised Returns: 8.16%

    • Total Investment: Rs. 1.8 lakhs

    • Total Returns: Rs. 2.22 lakhs

People Also Read: Systematic Withdrawal Plan (SWP)

In a Nutshell

You can start investing in any of the best SIP for 3000 per month or even more. You can consider other SIP schemes but make sure that you go through the reputation of the fund house, NAV, annual returns, and risk factor.  Happy Investing!

FAQ's

  • Which SIP is best for 2000 per month?

    There are many good SIPs that you can invest in with a monthly SIP of Rs.2000. Here are a few of the best SIP plan / fund options:
    • Nippon India Equity Hybrid Fund

    • Canara Robeco Bluechip Equity Fund

    • SBI Magnum Multicap Fund

    • Axis Midcap Fund

    • Franklin India Smaller Companies Fund

  • Which SIP gives the highest return?

    The SIP that gives the highest return will vary depending on your individual circumstances and investment goals.

    Here are a few of the SIPs that have given high returns in the past:

    • Quant Active Fund

    • Parag Parikh Flexi Cap Fund

    • PGIM India Flexi Cap Fund

    • Kotak Equity Opportunities Fund

  • Which SIP gives 15% return?

    There is no SIP that can guarantee a 15% return. However, there are a few SIPs that have the potential to generate high returns over the long term. 

    Some of the best SIPs for generating high returns include:

    • Quant Active Fund

    • Parag Parikh Flexi Cap Fund

    • PGIM India Flexi Cap Fund

    • Kotak Equity Opportunities Fund

  • Which SIP is best for 5000 per month?

    There are many good SIPs that you can invest in with a monthly SIP of Rs.5000. Here are a few of the best options:
    • Nippon India Equity Hybrid Fund: This fund has a low expense ratio and a good track record of performance. It invests in a mix of equity and debt instruments, which can help to reduce risk.

    • Canara Robeco Bluechip Equity Fund: This fund invests in large-cap companies, which are considered to be less risky than smaller companies. It has a low expense ratio and a good track record of performance.

    • SBI Magnum Multicap Fund: This fund invests in a mix of large-cap, mid-cap, and small-cap companies. It has a low expense ratio and a good track record of performance.

    • Axis Midcap Fund: This fund invests in mid-cap companies, which are considered to be more risky than large-cap companies but also have the potential for higher returns. It has a low expense ratio and a good track record of performance.

    • Franklin India Smaller Companies Fund: This fund invests in small-cap companies, which are considered to be the riskiest type of company but also have the potential for the highest returns. It has a low expense ratio and a good track record of performance.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^10(10D) Tax benefit are for Investments made up to Rs.2.5 L/ yr and are subject to change as per tax laws.
^^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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