The Systematic Investment Plan or SIP allows you to choose a mutual fund plan and invest a fixed amount periodically. The fixed amount can start from INR 500 and the intervals can be yearly, half-yearly, quarterly, or monthly. SIPs provide investors with an upper hand over the market dynamics for long-term wealth creation. Also, it helps the investor to develop a habit of saving. The SIP investment route is hassle-free and eliminates the need to worry and hurry at the eleventh hour.Read more
Guaranteed Tax SavingsUnder sec 80C & 10(10D)^
₹1 CroreInvest ₹10k Per Month*
Zero LTCG TaxUnlike 10% in Mutual Funds
|Fund Name||3 Years||5 Years||10 Years|
|Top 200 Fund Tata AIA||28.13%||26.21%||
|Virtue II PNB Metlife||23.23%||20.48%||
|Growth Opportunities Plus Fund Bharti AXA||19.43%||17.66%||
|Pure Equity Birla Sun Life||20.09%||16.93%||
|Pure Stock Fund Bajaj Allianz||17.63%||15.65%||
|Equity Top 250 Fund Edelwiess Tokio||17.59%||15.1%||
|Blue Chip Fund HDFC Standard||15.68%||14.55%||
|Growth Super Fund Max Life||15.72%||14.6%||
|Multi Cap Growth Fund ICICI Prudential||17.43%||12.94%||
|Equity Fund SBI||15.62%||14.25%||
Updated as on October 2023
|Fund Name||3 Years||5 Years||10 Years|
|Large Cap Fund Nippon India||29.45%||15.33%||
|Bluechip Fund SBI||22.34%||14.79%||
|Cap Fund Edelweiss Large||20.14%||14.01%||
|Frontline Equity Fund Aditya Birla Sun Life||21.57%||13.35%||
|Bluechip Fund ICICI Prudential||24.00%||14.36%||
|Large Cap Fund Mirae Asset||18.65%||13.49%||
|Bluechip Equity Fund Canara Robeco||18.57%||15.24%||
|Bluechip Growth Kotak||19.78%||14.55%||
|Large Cap Fund Baroda BNP Paribas||19.37%||15.09%||
Updated as on October 2023
Investment objective: Aditya Birla Sun Life Digital India Fund is a multi-sector, open-ended growth scheme whose objective is long-term capital growth with 100% target allocation through the portfolio.
It focuses on investing in technology and technology-based sectors, hardware, software, telecom, media, internet, e-commerce, peripheral and components, and such companies. The secondary objective of this scheme is to generate income and distribute dividends.
Aditya Birla Sun Life Digital India Fund is an equity-sector-based scheme launched on 15th January 2000.
This fund carries a high risk and offers an annualized return of 12.9% since its start. It is ranked 33 in the sectoral category.
Investment objective: To generate a long-term capital appreciation by predominantly investing in equity and equity-based securities of technology and technology-related companies.
Franklin India Technology Fund is an equity-sectoral fund that was launched on 22nd August 1998.
This fund contains high risk and gives an annualized return of 20.2% from the beginning.
It is ranked 41 in the sectorial list.
Investment objective: To generate long-term capital from a portfolio of equity and equity-related securities of technology-intensive companies.
ICICI Prudential Technology Fund is an equity-sectorial fund launched on 3rd March 2000.
It has a high risk involved but an annualized return of 13.8% since the launch.
ICICI Prudential Technology Fund is ranked 37 in the sectorial category.
Investment objective: the primary objective of this scheme is to deliver long-term capital growth by investing predominantly in units of overseas mutual funds. These mutual funds would focus on agriculture and agriculture-based business and development sectors.
PGIM India Global Agribusiness Offshore Fund was launched on 14th May 2010.
It is a high-risk fund and offers an annualized return of 12.9% since its launch.
It ranked 33 in the fund of fund category.
Investment objective: SBI Technology Opportunities Fund aims to provide maximum possible growth opportunities to the investors through equity investment using stocks of the economy's growth-oriented sectors.
SBI Technology Opportunities Fund is an equity-sectoral fund that was launched on 9th January 2013.
It has a high risk and provides an annualized return of 24.5% consistently.
Investment objective: To generate a long-term capital appreciation by investing at least about 80% of the net shares in equity or equity-related instruments in the Information Technology sector.
However, the Tata Digital India Fund Scheme does not provide the investor with any guarantee or assurance that the investment objective can be achieved.
TATA Digital India Fund is an equity sector fund launched on 28th December 2015.
This fund possesses a high risk and gives an annualized return of 26% since its launch.
Here are some of the parameters that you need to look into before choosing a scheme through SIP:
Whether your goal is short-term or long-term, you can choose debt and money market funds or equity funds, respectively. Make sure to assess the risk and returns and align it with your objective before proceeding to apply.
While choosing, gain a good idea of the houses in your options before picking them up because they will make decisions for your investment on your behalf.
The ultimate goal is to fetch good results. Study the returns for the previous years and compare them with other funds.
You can also check the returns of SIP by using online SIP calculator.
People Also Read: SWP Calculator
Some other benefits of investing in SIPs are as follows:
After several years, a small amount of money invested at the beginning of the investment will give you a huge return. This is called compounding. Hence, you can get a large sum by investing in the long-term with small but regular investments.
SIPs help in averaging the Cost return ratio. This means, through SIPs, regular investors who invest small amounts can harvest huge profits than those who invest a large amount at the same time.
It is natural for a regular investor to miss out on payment once in a while. But when it comes to SIP, you need not worry about this because your monthly payment shall be auto-debited from your bank account automatically on the predefined date.
SIPs provide you with a facility where you can withdraw money when and where necessary. In case of emergencies, you can make a one-step withdrawal anytime.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
The top 6 fund houses that provide the best SIP to invest for 10 years are discussed above with their investment objective, the type of investment, and other features. To analyze the performance of each fund, you can study the benchmark index.
Through SIPs, you can hassle-freely invest your money in a fund of your choice. Choose them carefully with the help of the given parameters and ensure you don't regret it in the future.
People Also Read: Systematic Withdrawal Plan (SWP)
*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.
Expected Rate of Return (Yearly)
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