Best SIP Plan for 20 Years in India in 2023

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: 

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.