Best SIP Plan for 20 Years in India in 2024

A Systematic Investment Plan or SIP Plan for 20 years is the ideal mode of investment for the long term in various investment products. By investing a small amount of money on a regular basis, you can benefit from compounding effects and rupee cost averaging in the long term which helps you create a substantial corpus for your financial objectives. This is the reason why it is important to consider SIPs for long term objectives of 10 to 20 years. If you are looking for the best SIP plan for 20 years in India, this guide will help you navigate through the available options and make an informed decision.

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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

Best SIP Plan for 20 Years in India

The list of the best SIP plan for 20 years offered by various insurance companies and mutual fund^^ houses are mentioned in the table below: 

  • 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 on February 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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Details of the Best SIP Plan for 20 Years in India

  1. TATA AIA Fortune Pro - Whole Life Mid Cap Equity Fund

    Tata AIA Fortune Pro - Whole Life Mid Cap Equity Fund is a unit-linked insurance plan (ULIP) that aims to generate long-term capital appreciation by investing in a portfolio of mid-cap equity and mid-cap equity-linked securities.

    Features of Tata AIA- Whole Life Mid Cap Equity Fund:

    • Date of Inception: 08 January 2007

    • Objective: Tata AIA Whole Life Mid Cap Equity Fund aims to generate long-term capital appreciation by investing primarily in mid-cap equity and mid-cap equity-linked securities.

    • Share of Large Cap Equities: 20%

    • Benchmark Index: Nifty Midcap 100

    • Fund Manager: Mr Rajeev Tewari

    • Asset Allocation: 96.43% in equities and 3.57% in Debt and Money Market Instruments (MMI)

    • Fund Category: India Insurance Mid Cap

    • Risk Profile: High Risk

    • Top Sector Allocations:

      • Financial Services: 18.93%

      • Manufacture of Electrical Equipment: 8.20%

      • Manufacture of Rubber & Plastic Products: 7.14%

    • Tax Benefits: You can avail of tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961, on the amount you invest in a SIP.

  2. Aditya Birla Wealth Aspire - Multiplier Fund

    Aditya Birla Wealth Aspire - Multiplier Fund is a unit-linked insurance plan (ULIP) offered by Aditya Birla Sun Life Insurance Company Limited. The Multiplier Fund is a good option for investors who are looking for a market-linked plan with features like investment flexibility, guaranteed death benefit, waiver of premium benefit, and loyalty bonus.

    Features of Aditya Birla- Multiplier Fund:

    • Date of Inception: 30 October 2007

    • Objective: To maximize long-term wealth by actively managing a diversified portfolio of high-quality mid-cap companies with more than Rs. 1000 crores market capitalization.

    • Share of Large Cap Equities: 30%

    • Benchmark Index: Nifty Midcap 100 & Crisil Liquid Fund Index

    • Fund Manager: Mr Bhaumik Bhatia (Equity)

    • Asset Allocation: 96.93% in Equity, 2.76% in Money Market Instruments/ Others, and 0.31% in Non-Convertible Debenture (NCD)

    • Fund Category: India Insurance Mid Cap

    • Risk Profile: High Risk

    • Top Sector Allocations:

      • Financial Services: 16.81%

      • Capital Goods: 10.88%

      • Pharmaceuticals: 9.12%

    • Tax Benefits: Various tax benefits are provided on the amount you invest in a SIP under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

  3. Bajaj Allianz Smart Wealth Goal - Accelerator Mid-Cap Fund II

    Bajaj Allianz Smart Wealth Goal - Accelerator Mid-Cap Fund II is a unit-linked insurance plan (ULIP) offered by Bajaj Allianz Life Insurance Company Limited. The SIP investment in this ULIP fund provides long-term growth of capital with the safety of life cover.

    Features of Bajaj Allianz - Accelerator Mid-Cap Fund II:

    • Date of Inception: 06 January 2010

    • Objective: To achieve capital appreciation through diversified investment in mid-cap and large-cap stocks.

    • Share of Large Cap Equities: 30.49%

    • Share of Mid Cap Equities: 69.51%

    • Benchmark Index: NIFTY Midcap 50 Index

    • Fund Manager: Mr Anshul Mishra

    • Asset Allocation: 94.46% in Equity assets, 3.66% in Bank & MMI, and 1.88% in net current assets

    • Fund Category: India Insurance Mid Cap

    • Risk Profile: Very High

    • Top Sector Allocations:

      • Financial Services except Insurance & Pension: 26.64%

      • Pharma, Mechanical, and Chemical Manufacturing: 5.05%

      • Electricity, Gas and AC Supply: 4.95%

    • Tax Benefits: You can avail of tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961, on the amount you invest in a SIP.

  4. HDFC Life Sampoorn Nivesh - Opportunities Fund

    HDFC Life Sampoorn Nivesh - Opportunities Fund is a ULIP fund offered by HDFC Life Insurance Company Limited. The fund will invest in a diversified portfolio of mid-cap stocks, with a focus on stocks that have strong fundamentals and growth potential. 

    Features of HDFC Life - Opportunities Fund:

    • Date of Inception: 05 January 2010

    • Objective: To generate long-term capital appreciation by investing in mid-cap stocks with the potential to become blue chips.

    • Share of Cash/ Money Market Instruments: 20%

    • Benchmark Index: NSE CNX Midcap Index

    • Fund Manager: Mr Nishit Dholakia

    • Asset Allocation: 96.90% in equities & 3.10% in MMI/ Deposits/ Net Current Assets

    • Fund Category: India Insurance Mid Cap

    • Risk Profile: Very High

    • Top Sector Allocations:

      • Financial Services: 21.33%

      • Manufacturing of Pharmaceuticals: 7.44%

      • Manufacturing of Chemical Products: 5.65%

    • Tax Benefits: HDFC Life - Opportunities Fund offer various tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961, on the amount you invest in a SIP.

  5. Max Life Online Savings - High Growth Fund

    Max Life Online Savings - High Growth Fund is a unit-linked insurance plan (ULIP) offered by Max Life Insurance Company Limited. This ULIP fund is a good option for investors who are looking for a long-term investment in mid-cap stocks.

    Features of Max Life- High Growth Fund:

    • Date of Inception: 26 February 2008

    • Objective: The fund is a multi-cap fund with a focus on mid-cap equities. It invests at least 70% of its corpus in equities, and the remaining is invested in fixed-income securities. This makes the fund relatively risky, but it also has the potential for high returns.

    • Nature of Fund: Open-ended equity multi-cap fund with a focus on mid-cap companies

    • Benchmark Index: Nifty Mid Cap Free Float Index

    • Fund Manager: Mr Saurabh Kataria (Equity) and Mr Naresh Kumar (Fixed Income)

    • Asset Allocation: 96.53% in equities & 3.47% in MMI/ Deposits/ Net Current Assets

    • Fund Category: India Insurance Mid Cap

    • Risk Profile: Very High

    • Top Sector Allocations:

      • Financial and State Government Securities: 21.11%

      • Manufacturing of Machinery and Equipment: 7.90%

      • Central & State Government: 6.75%

    • Tax Benefits: Max Life- High Growth Fund offer various tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961, on the amount you invest in a SIP.

How to Invest in SIP?

Follow the steps mentioned below to start investing in the best SIP plan for 20 years to achieve maximum returns with minimum investment:

Step 1: Learn about the best SIP plan for 20 years from the table mentioned above and choose one that aligns with your financial goals and risk profile.

Step 2: Decide on the frequency and amount of your investments.

Step 3: Complete your KYC and provide bank account details with auto-debit facility activation.

Step 4: The SIP amount will be allocated to the chosen ULIP fund or mutual fund scheme based on your investment preference.

Step 5: The fund manager will invest the accumulated amount in various assets, such as stocks, bonds, or a combination of both, based on the investment objective of the scheme.

Step 6: On the specified date, the amount deducted from your bank account is utilized to purchase units of the mutual fund scheme at the prevailing NAV.

Step 7: You have the flexibility to increase, decrease, or stop your SIP contributions at any time.

Step 8: Use a SIP calculator to get an idea of returns from the selected best SIP plan for 20 years.

Wrapping Up!

The best SIP plan for a 20 years or longer investment horizon, follows the investment strategy to emphasize long-term growth through a well-diversified portfolio of equity and debt instruments. Investors should prioritize SIP plans offered by reputable asset management companies with a proven track record of consistent returns and effective fund management teams. 

SIP plans available in

3 YEARS SIP Plans
Returns upto 19%
5 YEARS SIP Plans
Returns upto 19%
7 YEARS SIP Plans
Returns upto 18%
10 YEARS SIP Plans
Returns upto 16%
12 YEARS SIP Plans
Returns upto 14%
15 YEARS SIP Plans
Returns upto 15%

FAQ's

  • Which SIP is best for the next 20 years?

    Some of the best SIP plan for 20 years that are often considered to be good options for long-term investment are as follows:
    • Mirae Asset Large Cap Fund

    • HDFC Mid-Cap Opportunities Fund

    • Kotak Emerging Equity Fund

    • ICICI Prudential Balanced Advantage Fund

    • SBI Small Cap Fund

  • Is it good to do SIP for 20 years?

    Yes, investing in a best SIP plan for 20 years in India can be a beneficial strategy for long-term wealth creation.

    Some of the reasons why it is considered a good approach are listed below:

    • Investing in SIPs for a longer duration allows you to benefit from the power of compounding

    • SIPs help mitigate the impact of market volatility through rupee cost averaging

    • SIPs encourage regular and disciplined investing

    • SIPs offer flexibility in terms of investment amounts

    • SIPs allow investors to portfolio diversification

  • Can I get a 20% return in SIP?

    It is possible to get a 20% return in SIP if you choose the right funds and invest for the long term. However, there is no guarantee that you will get a 20% return in SIP. The actual returns you get will depend on the performance of the ULIP fund or mutual fund you invest in, the market conditions, and the period you invest.
  • What will be 20,000 SIP after 20 years?

    The amount that you will get after investing Rs. 20,000 in a best SIP plan for 20 years will depend on the following factors:
    • The type of mutual fund you invested

    • The market conditions

    • The period of your investment

    • The expense ratio

    Assuming an average annual return of 12%, you would end up with returns of around Rs. 1.51 lakhs and a total fund value of Rs. 1.99 lakhs after investing Rs. 20,000 in the best SIP plan for 20 years. However, it is important to remember that this is just an estimate, and the actual amount you get may be more or less than this as per the actual performance of the fund.

+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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