Best SIP Plans for 15 Years

Systematic Investment Plans are the new emerging investment options in India gaining huge popularity these days and have a great potential to substantially increase the financial corpus over a long period of time. In general, SIP Plans for 15 years or 10 years are considered a great investment option for the significant growth of your invested amount.

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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

Here is the detailed information about what is SIP, the benefits of investing in a SIP, and what are the best SIP Plans for 15 years in India.

  • Insurance Companies
  • Mutual Funds
Returns
Fund Name 3 Years 5 Years 10 Years
Top 200 Fund Tata AIA 23.15% 27.3%
19.47%
View Plan
Virtue II PNB Metlife 21.78% 23.76%
17.76%
View Plan
Pure Equity Birla Sun Life 18.83% 19.17%
16.34%
View Plan
Growth Opportunities Plus Fund Bharti AXA 17.85% 18.97%
15.65%
View Plan
Pure Stock Fund Bajaj Allianz 17.49% 18.39%
15.52%
View Plan
Blue Chip Fund HDFC Standard 14.09% 14.83%
12.85%
View Plan
Growth Super Fund Max Life 14.38% 15.26%
12.72%
View Plan
Multi Cap Growth Fund ICICI Prudential 15.63% 13.98%
12.51%
View Plan
Equity Fund SBI 14.73% 14.91%
12.42%
View Plan
Growth Plus Fund Canara HSBC Oriental Bank 12.78% 12.27%
10.7%
View Plan

Updated as of May 2024

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  Returns
Fund Name 5 Years 10 Years RSI
Active Fund QUANT 27.80% 23.96%
21.08%
Large and Mid Cap Fund QUANT 23.27% 22.69%
19.64%
Flexi Cap Fund PARAG PARIKH 23.90% 20.22%
20.15%
Large and Mid Cap Fund EDELWEISS 20.32% 18.01%
16.76%
Equity Opportunities Fund KOTAK 20.22% 18.98%
17.44%
Large and Midcap Fund MIRAE ASSET 21.11% 24.56%
23.01%
Flexi Cap Fund PGIM INDIA 21.48% -
15.13%
Flexi Cap Fund DSP 19.48% 17.73%
15.82%
Emerging Equities Fund CANARA ROBECO 18.91% 22.92%
20.84%
Focused fund SUNDARAM 18.22% 16.55%
15.16%

Updated as of May 2024

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What Is SIP and How Does It Work?

SIP or Systematic Investment Plan is one of the two ways of investing in Mutual Funds^^, the other being the Lump Sum method of Mutual Fund investment. SIPs have gained huge popularity in the past decade and are provided by various mutual fund houses, banks, and other financial institutions to investors. One of the main reasons why SIP is considered better than the Lump Sum method of Mutual Fund investment and is gaining huge credibility these days is the fact that a fixed amount is deposited in a SIP scheme of the investors’ choice at regular intervals for a pre-defined tenure. if invested wisely in SIP, great returns are expected in the long term.

Some of the main reasons why an investor should consider investing in a SIP rather than any other investment options are:

  • It develops a savings habit and brings financial discipline in an investor’s life

  • It is a savings cum investment scheme

  • Sometimes some of the Systematic Investment Plan’s monthly minimum installment is as low as Rs. 500

  • Helps in managing the financial burden during the crisis

  • It helps in building a decent financial corpus even after retirement

Best SIP Plans

Below are some best SIP Plans for 15 years that an investor can think of putting their money in. The current 5 years and 3 years’ return are depicted under the various categories of SIP Mutual Funds, that is, Equity, Debt, and Hybrid Funds:

Best 15 Year Equity SIP Funds:

A SIP equity fund investment is considered low in risk when compared to direct investment in stocks and considered lucrative in the long term returns. Under Equity SIP funds, investments are generally made in shares of Indian companies.

Equity Mutual fund 5 Year Returns 3 Year Returns Investment (Minimum)
BOI AXA Small Cap Fund Direct Plan - Growth - 41.40% Rs. 5000
Aditya Birla Sun Life Digital India Fund - Growth - Direct Plan 32.54% 39.64% Rs. 1000
Aditya Birla Sun Life Digital India Fund Growth 33.13% 39.80% -
ICICI Prudential Technology Fund 32.50% 38.69% Rs. 5000
ICICI Prudential Technology Fund - Direct Plan - Growth 33.65% 39.91% Rs. 5000
PGIM India Midcap Opportunities Fund - Direct Plan - Growth 23.37% 38.40% Rs. 5000
Quant Infrastructure Fund - Direct Plan - Growth 0.2562 0.3901 Rs. 5000
Quant Small Cap Fund - Direct Plan - Growth 23.23% 40.08% Rs. 5000
TATA Digital India Fund - Direct Plan - Growth 34.58% 38.46% Rs. 5000
Tata Digital India Fund Regular Growth 34.23% 39.65% -

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

Best 15 Year Debt SIP Funds:

Debt funds are considered low risk taking funds. Under Debt SIP funds, investments are generally made in government bonds, money market instruments, corporate bonds, etc.

Debt Mutual fund 5 Year Returns 3 Year Returns Investment (Minimum)
Aditya Birla Sun Life CEF - Global Agri Plan – Growth - Direct Plan 8.67% 13.93% Rs. 1,000
DSP Healthcare Fund - Direct - Growth -- 31.54% Rs. 500
ICICI Prudential BHARAT 22 FOF - Direct Growth -- 10.92% Rs. 5,000
ICICI Prudential India Opportunities Fund Direct Plan - Growth -- 22.64% Rs. 5,000
ICICI Prudential Multicap Fund - Dividend 12.94% 15.88% Rs. 5,000
ICICI Prudential Ultra Short Term Fund - Direct Plan - Daily IDCW Payout -- 21.69% Rs. 5,000
IDFC Government Securities Fund - Constant Maturity Regular - Growth 9.56% 11.15% --
IDFC Government Securities Fund - Investment Plan - Regular Plan - Growth 8.11% 10.69% --
Nippon India Gilt Securities Fund - Direct Plan Defined Maturity Date Option - Growth 8.73% 10.57% --
Nippon India Nivesh Lakshya Fund - Regular Plan - Growth -- 11.16% --

 

People Also Read: Systematic Withdrawal Plan (SWP)

Best 15 Year Hybrid SIP Funds:

Hybrid is a combination of both Debt Funds and Equity Funds and hence has a moderate risk taking ability.

Hybrid Mutual fund 5 Year Returns 3 Year Returns Investment (Minimum)
BOI AXA Mid & Small Cap Equity & Debt Fund - Direct Plan - Growth 18.29% 25.38% Rs. 5,000
BOI AXA Mid & Small Cap Equity & Debt Fund Regular - Growth 17.61% 23.63% -
ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund - Direct Plan - Growth - 27.50% Rs. 5,000
ICICI Prudential Thematic Advantage Fund (FOF) - Direct Plan - Growth 16.40% 23.85% Rs. 5,000
ICICI Prudential Thematic Advantage Fund(FOF) Growth 17.96% 23.97% -
Motilal Oswal Nasdaq 100 Fund of Fund - Direct Plan - Growth - 30.63% Rs. 500
Quant Absolute Fund - Direct Plan - Growth 0.1545 0.2955 Rs. 5,000
Quant Absolute Fund Growth 15.35% 30.04% -
Quant Multi Asset Fund - Direct Plan - Growth 18.77% 30.71% Rs. 5,000
Quant Multi Asset Fund Growth 18.66% 29.99% -

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

Why You Should Invest in SIP?

These days, SIP investment is considered one of the smartest ways of investing. Here are some reasons why investing in a SIP will work wonders for you in the long term future:

  1. Higher Returns

    If the investor carries out deep research before buying SIPs and purchase them wisely, higher returns are guaranteed after a long term period, say 15 years. The top performing SIPs these days have shown a remarkable growth of 18% to sometimes even more than 15% in a span of 15 years which is way more than any other investment option available in the market.

  2. Rupee Cost Averaging

    As it is a known fact that the financial market is volatile in nature hence, rupee cost averaging allows investors to buy:

    • A limited number of shares when the market is super high

    • A higher number of shares when the market witnesses a low

    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.

  3. Affordable

    Systematic Investment Plans are considered affordable as one can invest an amount as low as Rs. 500 monthly. These regular investments as per the investors’ wish and affordability, do not cause a hole in their pocket unlike in the case of the Lump Sum method of investment where the investor deposits the complete amount at once.

  4. Portfolio Diversification

    A SIP investor can put their money in multiple SIP plans for 15 years or 10 years instead of putting all the money in just 1 investment option. This kind of investment helps in the portfolio diversification of the investor and also increases the probability of better and higher returns after the long term period.

People Also Read: Systematic Withdrawal Plan (SWP)

Things to Remember

One can easily invest in SIPs online these days from any reputed company. It is very important to have a piece of in-depth knowledge about the SIP the investor is planning to purchase. SIP calculator online tool can be used to analyse the SIP returns. From low risk to high risk, from short term to long term, every SIP is available in the market but the question arises as to what factors should be taken into consideration before making the buy? So, an investor should always:

  • Research about the reputation of the fund house of the desired SIP

  • The net asset value

  • The historic returns of the chosen Systematic Investment Plan

  • The risk involved in the SIP

+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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