Best 1 Year SIP Plans

One of the emerging investment options in India, SIPs or Systematic Investment Plans is gaining popularity amongst the masses every passing day. One of the methods of investment under the Mutual Funds^^ category, the other method being the Lump sum, SIPs have shown remarkable growth in the recent past because of their small investment amount and great returns. SIPs offer 1 year, 3 years, 5 years, and 10 years’ investment options as per the convenience of the investor.

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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

Let us explore some of the best 1-year Systematic Investment Plan options available for people in India currently and their return ratio in detail.

What is SIP?

First things first. Mutual Fund investments are basically investment vehicles where AMCs (Asset Management Companies) or various other fund houses pool their investments together to earn great returns over a period of time. Now, all the investors are not able to invest huge amounts in Mutual Funds and hence Mutual Fund investments can be made either in the SIP method and Lump sum method of investment.

SIP involves pocket-friendly regular deposits, pre-defined tenure, and great returns making it an affordable and popular investment option amongst new and old investors. Regular investment in a SIP can be either monthly, quarterly, or weekly as per the investor’s convenience.

Best performing 1-year SIP Plans

Here are some category-wise top-performing SIPs under the Equity, Debt, and Hybrid Mutual Funds:

  1. Equity, Sectoral Funds

    Fund Name

    1 year

    3 years

    Fund Size(Cr)

    BNP Paribas India Consumption Fund Direct Growth

    23.10%

    23.00%

    871.93

    Canara Robeco Consumer Trends Fund Direct Growth

    23.70%

    21.80%

    772.57

    Invesco India Infrastructure Fund Direct Growth

    48.40%

    26.50%

    416.73

    Quant Infrastructure Fund Direct Growth

    71.50%

    37.70%

    292.29

    SBI Banking & Financial Services Fund Direct Growth

    15.60%

    15.40%

    2,976.46

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

  2. Equity, Mid-Cap Funds

    Fund Name

    1 year

    3 years

    Fund Size(Cr)

    Axis Midcap Direct Plan Growth

    34.40%

    26.80%

    16,835.10

    Invesco India Mid Cap Fund Direct Growth

    35.20%

    24.40%

    2,194.83

    Kotak Emerging Equity Fund Direct Growth

    39.70%

    26.40%

    17,529.48

    Nippon India Growth Fund Direct Growth

    38.10%

    24.80%

    11,906.10

    PGIM India Midcap Opportunities Fund Direct Growth

    53.90%

    37.60%

    4,069.76

  3. Equity, Small Cap Funds

    Fund Name

    1 year

    3 years

    Fund Size(Cr)

    BOI AXA Small Cap Fund Direct Growth

    63.40%

    40.90%

    212.88

    Axis Small Cap Fund Direct Growth

    54.20%

    34.10%

    8,178.51

    Kotak Small Cap Fund Direct Growth

    60.80%

    36.00%

    6,761.51

    Nippon India Small Cap Fund Direct Growth

    66.50%

    31.10%

    18,831.70

    SBI Small Cap Fund Direct Growth

    42.70%

    29.60%

    11,250.50

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

  4. Equity, Multi-Cap Funds

    Fund Name

    1 year

    3 years

    Fund Size(Cr)

    Aditya Birla Sun Life India Opportunities Direct Fund Growth

    32.60%

    15.60%

    144.16

    Aditya Birla Sun Life India Reforms Direct Fund Growth

    11.10%

    13.10%

    124.3

    Aditya Birla Sun Life Special Situations Direct Fund Growth

    16.60%

    15.00%

    181.08

    Tata Dividend Yield (Ex) Direct Plan Growth

    4.80%

    9.10%

    326.64

    UTI Bluechip Flexicap Fund Direct Growth

    24.30%

    13.00%

    2,306.24

    People Also Read: sip calculator

  5. Debt, Credit Risk Funds

    Fund Name

    1 year

    3 years

    Fund Size(Cr)

    Axis Credit Risk Fund Direct Growth

    7.10%

    7.20%

    729.83

    Baroda Credit Risk Fund Plan B Direct Growth

    19.80%

    8.40%

    207.13

    HDFC Credit Risk Debt Fund Direct Growth

    7.40%

    9.30%

    8,979.01

    ICICI Prudential Credit Risk Fund Direct Plan Growth

    7.10%

    9.10%

    8,415.87

    SBI Credit Risk Fund Direct Growth

    5.80%

    7.60%

    3,288.88

  6. Debt, Gilt Funds

    Fund Name

    1 year

    3 years

    Fund Size(Cr)

    IDFC Government Securities Investment Plan Direct Growth

    2.90%

    10.30%

    1,466.04

    Aditya Birla Sun Life Government Securities Fund Direct Plan Growth

    4.10%

    9.40%

    1,035.19

    Axis Gilt Fund Direct Plan Growth

    3.00%

    9.60%

    146.63

    DSP Government Securities Direct Plan Growth

    3.50%

    10.10%

    431.6

    Edelweiss Government Securities Fund Direct Growth

    5.20%

    10.10%

    118.11

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

  7. Hybrid, Aggressive Hybrid Funds

    Fund Name

    1 year

    3 years

    Fund Size(Cr)

    BNP Paribas Substantial Equity Hybrid Fund Direct Growth

    20.30%

    19.90%

    744.21

    Canara Robeco Equity Hybrid Fund Direct Growth

    20.10%

    18.80%

    7,297.44

    DSP Equity & Bond Direct Growth

    20.00%

    19.10%

    7,640.94

    Mirae Asset Hybrid Equity Fund Direct Growth

    20.70%

    18.00%

    6,450.06

    Quant Absolute Fund Direct Growth

    36.70%

    28.60%

    136.32

  8. Hybrid, Multi-Asset Allocation Funds

    Fund Name

    1 year

    3 years

    Fund Size(Cr)

    Quant Multi Asset Fund Direct Growth

    57.00%

    29.90%

    171.54

    Axis Triple Advantage Direct Plan Growth

    20.90%

    20.10%

    1,649.77

    HDFC Multi Asset Fund Direct Growth

    17.60%

    16.70%

    1,396.24

    ICICI Prudential Multi Asset Fund Direct Growth

    35.90%

    19.30%

    12,320.77

    SBI Multi Asset Allocation Fund Direct Growth

    12.40%

    13.10%

    505.26

  9. Hybrid, Aggressive Hybrid Funds

    Fund Name

    1 year

    3 years

    Fund Size(Cr)

    BNP Paribas Substantial Equity Hybrid Fund Direct Growth

    20.30%

    19.90%

    744.21

    Canara Robeco Equity Hybrid Fund Direct Growth

    20.10%

    18.80%

    7,297.44

    DSP Equity & Bond Direct Growth

    20.00%

    19.10%

    7,640.94

    Mirae Asset Hybrid Equity Fund Direct Growth

    20.70%

    18.00%

    6,450.06

    Quant Absolute Fund Direct Growth

    36.70%

    28.60%

    136.32

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

    It is important to know that there are many other Systematic Investment Plans with decent returns. Deep research about the mutual fund market is advisable before making any kind of investment plan.

People Also Read: Systematic Withdrawal Plan (SWP)

Why invest in SIP?

One of the revolutionary impacts that the SIPs bring in lives of the investors is financial discipline. The monthly installments of the SIPs develop the habit of savings in the investor’s life teaching perseverance and enabling them to build a substantial financial corpus over a defined period of time. 

Apart from discipline, here are some major reasons why an investor should consider investing in SIPs as compared to any other investment option:

  1. Rupee Cost Averaging

    As we know the equity market is volatile in nature so, when it comes to investment in SIP, it helps the investor to purchase more when the prices are low and less when the market is booming. SIPs are beneficial for investors who invest in more shares at less price rather than investors who invest a large sum in just one share.

  2. Purchase Multiple SIPs

    An investor can buy multiple SIPs together instead of putting all their money on just 1 kind of investment. This helps in portfolio diversification as well as better chances of great returns.

  3. Small Amount Investment

    SIP investments are gaining popularity these days and one of the main attraction, why investors are more inclined towards a SIP investment compared to other options, is the minimum investment amount allowed while purchasing a SIP.

  4. Flexibility

    Generally, an investor can start and stop a SIP wherever they wish to, offering great flexibility even if the investment amount is low.

To conclude!

There are many Systematic Investment Plan options available in the market with low to high risk involved. It is important to remember that thorough research of the market is required before making any kind of investment and as far as SIPs are considered, an investor should know:

  • The fund house reputation

  • The net asset value

  • The overall risk involved

  • The historic returns of the Systematic Investment Plans

+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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