What is SIP for Senior Citizens?
A Systematic Investment Plan (SIP) is an easy and disciplined way for senior citizens to grow their savings. It lets them invest a fixed amount regularly in mutual funds, which helps in building wealth or generating income after retirement. SIPs are flexible, allowing seniors to choose the amount and frequency of their investment. They also help reduce market risk through rupee cost averaging and benefit from compounding.
- Insurance Companies
- Mutual Funds
|
Returns |
| Fund Name |
5 Years |
7 Years |
10 Years |
| Max Life |
27.23% |
22.19% |
|
| Tata AIA |
30.96% |
22.84% |
|
| Bajaj Allianz |
23.63% |
13.87% |
|
| HDFC Standard |
25.19% |
15.94% |
|
| Canara HSBC Oriental Bank |
19.43% |
11.22% |
|
| Bharti AXA |
23.07% |
15.89% |
|
| Birla Sun Life |
26.07% |
15.44% |
|
| ICICI Prudential |
23.04% |
14.48% |
|
| LIC |
- |
- |
|
| PNB Metlife |
24.23% |
17.63% |
|
Fund rating powered by
Last updated: Jun 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 Senior Citizens Work?
Let us learn the working of best SIP for senior citizens from the steps mentioned below:
-
Small Monthly Investments: Senior Citizens start with as low as ₹100 per month. This makes it easy to fit into a student’s budget.
-
Regular Saving Habit: SIPs help you to save money every month on a fixed date, building discipline in money management.
-
Earn Through Compounding: The invested money grows over time. The returns are reinvested, helping create more wealth.
-
Flexible to Manage: Senior Citizens can stop, increase, or withdraw the investment anytime as per their need.
-
Lower Risk Through Diversification: SIPs invest in different types of mutual funds, reducing the risk by spreading the money across sectors.
-
Future Financial Goals: Starting early helps senior citizens to save for future needs like travel, pursue a hobby, or for health expenses.
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
14.76%
Accelerator Mid-Cap Fund II
14.81%
Opportunities Fund
10.39%
Equity II Fund
13.52%
Accelerator Fund
14.6%
Growth Opportunities Plus Fund
15.6%
Multiplier
11.66%
Equity Top 250 Fund
13.49%
Future Apex Fund
12.61%
Pension Opportunities Fund
14.22%
Frontline Equity Fund
15.14%
Virtue II
11.01%
Pension Dynamic Equity Fund
11.94%
Equity Fund
10.29%
Blue-Chip Equity Fund
SIP Calculator to Estimate Investment Amount for Senior Citizens
The SIP Calculator for Senior Citizens helps estimate how much you need to invest each month to reach a financial goal. By entering details like your monthly investment, the duration, and expected returns, it shows the total amount at the end. Senior citizens can use this tool to plan for retirement or other long-term goals, making sure their investment matches their risk level.
Let us learn how a senior citizen can use the SIP calculator:
-
SIP Calculator for Retirement Fund:
Select “I Know My Goal Amount” option and enter these details-
-
Retirement Corpus Estimate: ₹40,00,000 (for retirement fund)
-
Investment Duration: 10 years
-
Expected Return: 15% annually.
-
SIP Calculator Results:
The calculator will show you the following results:
-
Monthly Investment Required: ₹15,200
-
Total Investment: ₹18,20,000
-
Amount Required: ₹40,00,000
-
Wealth Gained from SIP: ₹21,80,000
Key Points to Consider Before Investing in a SIP for Senior Citizens
The following list shows the key points you should consider before starting to invest in a chosen best SIP for senior citizens:
-
Start with an Investment: Senior citizens can begin a Systematic Investment Plan (SIP) by investing a fixed amount every month in mutual funds.
-
Monthly Contributions: Every month, a set amount is automatically deducted from their bank account, making it easier to invest regularly.
-
Select Funds: They can choose from different types of mutual funds, such as equity, debt, or balanced funds, based on their comfort with risk.
-
Benefit from Compounding: SIPs help grow investments over time by earning returns on both the principal and the returns, thanks to compounding.
-
Reduce Risk: SIP helps reduce the effect of market ups and downs by spreading investments over several months or years.
-
Flexible Options: Senior citizens can change or stop their SIP whenever needed, based on their financial situation and goals.
