What is SIP for Retirement?
A Systematic Investment Plan (SIP) for retirement is a smart way to build a retirement corpus over time. It allows you to invest a fixed amount regularly in mutual funds, ensuring disciplined savings. SIPs benefit from the power of compounding and rupee cost averaging, reducing the impact of market volatility. By starting early and staying consistent, you can accumulate significant wealth to secure a comfortable retirement lifestyle.
- Insurance Companies
- Mutual Funds
|
Returns |
| Fund Name |
5 Years |
7 Years |
10 Years |
| Max Life |
27.23% |
21.07% |
|
| Tata AIA |
30.99% |
21.69% |
|
| Bajaj Allianz |
24.23% |
12.8% |
|
| HDFC Standard |
25.77% |
14.87% |
|
| Canara HSBC Oriental Bank |
17.51% |
10.29% |
|
| Bharti AXA |
23.03% |
15.02% |
|
| Birla Sun Life |
26.67% |
14.18% |
|
| ICICI Prudential |
22.68% |
13.38% |
|
| LIC |
- |
- |
|
| PNB Metlife |
24% |
16.86% |
|
Fund rating powered by
Last updated: May 2025
| |
Returns |
| Fund Name |
3 Years |
5 Years |
10 Years |
| QUANT |
23.92% |
31.48% |
|
| PARAG PARIKH |
20.69% |
26.41% |
|
| EDELWEISS |
22.34% |
24.29% |
|
| KOTAK |
24.64% |
25.01% |
|
| MIRAE ASSET |
19.74% |
24.32% |
|
| PGIM INDIA |
14.75% |
23.39% |
|
| DSP |
18.41% |
22.33% |
|
| CANARA ROBECO |
20.05% |
21.80% |
|
| SUNDARAM |
18.27% |
18.22% |
|
How SIP for Retirement Work?
Let us learn the working of best SIP plan for retirement from the following steps:
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Set Your Retirement Goal: Estimate the money you will need after retirement, considering future expenses, inflation, and lifestyle.
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Pick the Right Fund: Choose equity mutual funds for long-term growth or hybrid funds for balanced risk based on your retirement timeline.
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Start Investing Early: Begin SIPs as early as possible with a fixed monthly amount to take full advantage of compounding.
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Benefit from Compounding: SIP returns are reinvested, helping your investments grow exponentially over time.
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Stay Consistent: Invest regularly without stopping, even during market ups and downs, to achieve long-term goals.
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Review Periodically: Check your investments yearly and increase the SIP amount or switch funds if needed for better returns.
SIP Calculator
Monthly Investment
₹22.4 L
Top Funds with High Returns (Past 7 Years)
18.4%
High Growth Fund
17.46%
Top 200 Fund
14.57%
Accelerator Mid-Cap Fund II
14.81%
Opportunities Fund
10.58%
Growth Plus Fund
13.35%
Accelerator Fund
14.61%
Growth Opportunities Plus Fund
15.6%
Multiplier
11.48%
Equity Top 250 Fund
13.31%
Future Apex Fund
12.32%
Opportunities Fund
14.24%
Frontline Equity Fund
15.03%
Virtue II
10.88%
Pension Dynamic Equity Fund
11.8%
Equity Fund
10.32%
Blue-Chip Equity Fund
SIP Calculator to Estimate Retirement Fund
A SIP calculator is a helpful tool to estimate the monthly investment needed to achieve your retirement goal. It calculates the required investment based on your retirement goal amount, investment duration, and expected return rate.
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SIP Calculator for Retirement Fund
Select the “I Know My Goal Amount” option in the SIP calculator. Then, enter your retirement goal, investment duration, and expected returns-
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Current Age: 30 years
-
Retirement Age: 60 years
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Investment Duration: 60 - 30 years = 30 years
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Retirement Expenses Estimate: ₹3,00,00,000
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Expected Return: 15% annually.
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SIP Calculator Results
The calculator provides the required monthly investment-
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Monthly Investment Required: ₹9,430
-
Total Investment: ₹29,40,000
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Amount Required: ₹3,00,00,000
-
Wealth Gained from SIP: ₹2,72,00,000.
Key Points to Consider Before Investing in a SIP for Retirement
Consider the following points before starting to invest in a SIP for a retirement plan:
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Define Your Retirement Goal: Decide how much money you will need for your retirement based on your lifestyle, daily expenses, and inflation.
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Start Early: Begin investing as early as possible to take advantage of compounding and build a larger retirement corpus.
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Understand Your Risk Appetite: Know how much risk you can take. If you are comfortable with high risk, choose equity funds. For safer options, go for debt funds.
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Check Expected Returns: Look at the past performance of funds to understand how much return you can expect in the future.
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Diversify Your Investments: Invest in different types of funds like equity, debt, and hybrid to balance risk and returns.
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Account for Inflation: Consider the rising cost of living and invest in funds that can grow faster than inflation.
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Review Regularly: Monitor your SIP investments regularly and make changes if the fund is not performing well.
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Look for Tax Benefits: If you want tax savings, invest in SIPs like ELSS funds that are eligible for deductions under Section 80C.
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Compare Expense Ratios: Choose funds with a low expense ratio to save on costs and get better returns.
