Invest in Best SIP for 3000 per Month

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SIPs make one of the most suitable investments to start with a small amount. And if you are looking to invest in one of the best SIP for 3000 per month, it is important to understand how SIP works. Systematic Investment plans benefit from the power of compounding and as you do not invest in lumpsum the invested amount is protected during market ups and downs. So, when the market falls after your SIP payment, you gain more units in your next installment and it goes like this. And when the market recovers your SIPs get higher returns in comparison to lump-sum investment.

To make it easier for you we have listed below some of the best SIPs for 3000 per month in various types of funds that can help you meet your long-term goals. Some of the best sip for 3000 per month in these categories are as follows:

SIP Plan Name

NAV (Rs.)

Expected Annualized Return 5 Y

Expected Annualized Return 10 Y

Risk

Expense Ratio ( %)

Fund Start

Fund Size

Aditya Birls Sunlife Tax Relief 96

25.10

-1.7

8.44

Moderately High

1.71

March 06, 2008

10,073

DSP Equity Opportunities Fund Growth

175.02

2.64

8.69

Moderately High

1.93

May 16, 2000

5279

HDFC Small Cap Fund

28.407

1.63

7.56

Moderately High

1.94

April 03, 2008

9154.08

L & T Midcap Fund Growth

104.36

3.61

10.99

High

1.95

Aug 09, 2004

6212.86 Cr.

L&T Emerging Businesses Fund Growth 

16.46

2.36

8.88

Moderately High

1.95

May 12, 2014

5606 Cr.

Nippon India Equity Hybrid Fund

36.2586

-1.93

5.87

Moderately High

1.82

June 08, 2005

6,937 Cr.

Nippon India Large Cap Fund Growth

25.05

0.2%

7.96

Moderately High

1.83

Aug 06, 2007

174.32 Cr.

SBI Bluechip Fund

30.05

0.87

7.89

Moderately High

1.66

Feb 14, 2006

22,044 Crore

 Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer. Tax benefit is subject to changes in tax laws. *Standard T&C Apply

1. SBI Bluechip Fund

This is one of the most popular fund houses in the large-cap category. The fund house was launched in 2006 and the historic returns that it has given since its inception is 11.69%. However, the risk involved is moderately high. The minimum SIP amount is Rs. 500. The investment structure is 74.53% in large-cap, 8.57 and 1.43% in mid-cap and small-cap stocks. It makes one of the best sip for 3000 per month, and if you start sip for 5 years, as per the historic rate of returns the amount will be Rs. 1,83, 889 with 0.9% annual returns. You can check the returns on your sip of 3000 using an online sip calculator.

2. Nippon India Large Cap Fund Growth

This is an equity fund launched by Reliance MF on Aug 08, 2007. The current fund manager of this fund house is Ashwani Kumar, Sailesh Raj Bhan. The minimum SIP amount is Rs.100. And if you start this one of the best SIP for 3000 per month at an assumed annualized return of 0.2% it will become Rs. 1,80, 798 after 5 years.

3. L & T Mid Cap Fund Growth

This is an Equity MF Scheme that was introduced on Aug 09, 2004. The fund house is managed by Soumendra Nath Lahiri, Vihang Naik. The minimum SIP amount in this fund is Rs. 500 and is rated as a high-risk fund. It is one of the best SIP for 3000 per month in mid-cap stocks as it aims towards capital appreciation in the long-term.

4. HDFC Small Cap Fund

HDFC Mutual fund launched this Equity MF on April 03, 2008. It is currently managed by Chirag Setalvad is the Current Fund Manager. Though it is a moderately high-risk scheme but is considered as one of the best SIP for 3000 per month in small-cap funds. In 5 years this Rs. 3000 SIP will become Rs. 1,87,350 at with 1.6% estimated annual returns.

5. L & T Emerging Business Fund Growth

The investment objective of this fund is long-term capital appreciation from a diversified investment portfolio in equity, equity-related securities, and derivatives. It is one of the best SIP for 3000 per month to get good returns on the investment. The scheme is likely to offer an estimated annual return of 2.4% and your Rs. 3000 SIP will become Rs. 1,90, 731 in 5 years.

6. Aditya Birla Sunlife Growth

This is an equity mutual fund scheme was introduced to investors on March 06, 2008. The minimum SIP Investment amount in this scheme is Rs. 500. The Scheme offers capital growth along with tax-saving benefits to investors. The scheme is also one of the best SIP for 3000 per month and is likely to offer an estimated annual return of 2.6% on your Rs. 3000 SIP and will become Rs. 1,92, 044 in 5 years.

7. DSP Equity Opportunities Fund

It is an Equity MFScheme that was launched on May 16, 2000. The fund manager of this scheme is Rohit Singhania. It is a moderately high-risk scheme with a minimum SIP Investment option of Rs. 500. It is another best SIP for 3000 per month as the scheme is aimed to provide long term capital appreciation, and income generation by investing in equity and equity-related securities.

8. Nippon India Equity Hybrid Fund

It is an Equity Hybrid MF Scheme that was launched on June 08, 2005, by Reliance Mutual Fund. The fund manager of this scheme are Amit Tripathi and Sanjay Parekh. It is a moderately high-risk scheme with a minimum SIP Investment option of Rs. 100. It is another best SIP for 3000 per month as the scheme is aimed to provide long term capital appreciation, and consistent returns by investing in a mix of equity and equity-related securities and fixed income instruments. The scheme is likely to offer an estimated annual return of -1.9 % and your Rs. 3000 SIP will become Rs. 1,71, 647 in 5 years. 

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!