Best SIP for 30 Years in India in 2024

Meaning of a SIP Plan

A Systematic Investment Plan (SIP) is a smart and disciplined way of investing in market-linked investments like Unit Linked Insurance Plans (ULIP) and mutual funds over the long term. You contribute a fixed amount regularly, usually every month or quarter, allowing your investment to grow steadily.  

By investing in the best SIP for 30 years, you benefit from the power of compounding, where even smaller contributions can build up into substantial wealth over time. It also helps you deal with market ups and downs, as regular investments balance out fluctuations. Simply put, a 30-year SIP is an easy, effective way to grow your wealth while managing risks.

Best SIP for 30 Years in India in 2024

The following table lists the best SIP investment offered by various insurance companies and mutual fund houses: 

1. Insurance Companies

   Fund Name	1 Year Returns	3 Years Returns	5 Years Returns
   Accelerator Mid-Cap Fund II BAJAJ ALLIANZ	46.2%	21.6%	24.7%
   High Growth Fund MAX LIFE	57.8%	27.8%	29.7%
   Whole Life Mid Cap Equity Fund TATA AIA	44.6%	23.5%	29.4%
   Multiplier Fund ADITYA BIRLA LIFE	41.3%	23.4%	26.2%
   Mid Cap Fund PNB METLIFE	57.6%	32.3%	32.8%
   Discovery Fund HDFC LIFE	48.2%	21.8%	32.4%
   Mid Cap Fund ICICI PRU LIFE	50.7%	–	–
   Nifty Mid Cap 50 Correlation Fund PRAMERICA LIFE	45.1%	–	–
   Growth Opportunities Plus Fund BHARATI AXA	35.7%	17%	22.6%
   Future Apex Fund FUTURE GENERALI	29.2%	17.2%	22.8%

   *Updated as of September 2024

2. Mutual Funds

   Fund Name	1 Year Returns	3 Years Returns	5 Years Returns
   Active Fund MOTILAL OSWAL	62.40%	38.70%	36.10%
   ELSS Tax Saver Fund QUANT ACTIVE	48.10%	26.60%	38.80%
   Infrastructure Fund  INVESCO INDIA	67.60%	33.50%	35.70%
   Infrastructure and Economic Reform Fund KOTAK	56.30%	33.40%	32.80%
   Small Cap Fund NIPPON INDIA	46.90%	33.20%	40.30%
   Small Cap Fund TATA	48.60%	30.60%	37.20
   Flexicap Fund JM	61.50%	30.10%	29.80%
   Contra Fund SBI	44.70%	29.70%	33.90%
   Focused 30 Fund  HDFC	44.10%	29.30%	26.60%
   ELSS Tax Saver Fund BANDHAN	33.50%	21.40%	27.20%

   *Updated as of September 2024

Details of the Best SIP Plan for 30 Years in India

1. Bajaj Allianz - Accelerator Mid-Cap Fund II 

   The Bajaj Allianz Accelerator Mid-Cap Fund II is a market-linked investment offered by the Unit Linked Insurance Plans (ULIP) offered by the Bajaj Allianz Life Insurance. It is designed to help you grow your wealth by investing primarily in mid-cap companies. These companies have strong growth potential, and the fund aims to capitalize on their long-term success.

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

   • Launch Date: 06 January 2010
   • Risk Profile: Very High
   • Benchmark Index: NIFTY Midcap 50
   • Fund Manager Name: Anshul Mishra
   • Assets Under Management (AUM): 6,630 crores
   • Equity Allocation: 60 - 100%
   • Top 3 Sectors (as of 06 September 2024): Financial & Insurance Activities, Infrastructure, Manufacture of Electrical Equipment
   • Top 3 Companies (as of 06 September 2024): Vodafone Idea Ltd, Century Textiles & Industries Ltd, and Cummins India Ltd.

2. Max Life - High Growth Fund 

   The Max Life High Growth Fund is a multi-cap fund, primarily focused on mid-cap equities. It aims to invest in companies with strong long-term growth potential to achieve high capital growth. At least 70% of the fund is always invested in equities, while the rest goes into government securities, corporate bonds, and money market instruments. 

   Features of Max Life - High Growth Fund:

   • Launch Date: 26 February 2008
   • Risk Profile: Very High
   • Benchmark Index: Nifty MidCap Free Float 100% 
   • Fund Manager Name: Naresh Kumar
   • Assets Under Management (AUM): 7,665 crores
   • Equity Allocation: 70 - 100%
   • Top 3 Sectors (as of 06 September 2024): Infrastructure, Financial & Insurance Activities, and Manufacture of Pharma, Medicinal Chemical, and Botanical Products
   • Top 3 Companies (as of 06 September 2024): Suzlon Energy Ltd, Max Healthcare Institute Ltd, and Indus Towers Ltd.

3. Tata AIA - Whole Life Mid Cap Equity Fund 

   With a focus on dynamic and high-growth businesses, the Tata AIA Whole Life Mid Cap Equity Fund aims for long-term capital growth by focusing mainly on mid-cap equity and equity-linked securities, with large-cap investments capped at 20%.

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

   • Launch Date: 10 January 2007
   • Risk Profile: Very High
   • Benchmark Index: Nifty Midcap 100 -100%  
   • Fund Manager Name: Nitin Bansal & Shashank Khetawat 
   • Assets Under Management (AUM): 13,041 crores
   • Equity Allocation: 60 - 100%
   • Debt Allocation: 0%
   • Top 3 Sectors (as of 06 September 2024): Financial & Insurance Activities, Manufacture of Electrical Equipment, and Manufacture of Machinery & Equipment
   • Top 3 Companies (as of 06 September 2024): The Federal Bank Ltd, Trent Ltd, and PB Fintech Ltd.

4. Aditya Birla Life - Multiplier Fund 

   Aditya Birla Life Multiplier Fund aims to maximize long-term wealth by actively managing a diversified equity portfolio. It mainly invests in companies with a market capitalization of ₹1,000 crores and above.

   Features of Aditya Birla Life - Multiplier Fund:

   • Launch Date: 30 October 2007
   • Risk Profile: Very High
   • Benchmark Index: Nifty Midcap 100 & Crisil Liquid Fund Index
   • Fund Manager Name: Bhaumik Bhatia
   • Assets Under Management (AUM): 4,680 crores
   • Equity Allocation: 60 - 100%
   • Debt Allocation: 0 - 20%
   • Top 3 Sectors (as of 06 September 2024): Financial except Insurance & Pension Funding, Manufacture of Chemical Products, and Manufacture of Electrical Equipments
   • Top 3 Companies (as of 06 September 2024): Suzlon Energy Ltd, Finolex Cables Ltd, and Federal Bank Ltd.

5. PNB MetLife - Mid Cap Fund 

   The PNB MetLife Mid Cap Fund is an investment option designed for those looking to grow their wealth by tapping into the potential of mid-sized companies. This fund focuses on investing in mid-cap stocks, which have the potential for higher growth than large-cap companies.

   Features of PNB MetLife - Mid Cap Fund:

   • Launch Date: 26 February 2008
   • Risk Profile: Very High
   • Benchmark Index: Nifty MidCap Free Float 100% 
   • Fund Manager Name: Amit Shah
   • Assets Under Management (AUM): 465 crores
   • Equity Allocation: 60 - 100%
   • Debt Allocation: 0%
   • Top 3 Sectors (as of 06 September 2024): Infrastructure, Manufacture of Trailers & Semi-trailers, and Manufacture of Electrical Equipments
   • Top 3 Companies (as of 06 September 2024): Samvardhana Motherson International Ltd, Oil India Ltd, and Oracle Financial Services Software Ltd.

SIP Calculator -Online

A SIP calculator is an online tool designed to help you estimate the returns on your investments over a specific period. When investing in a SIP for 30 years, the calculator allows you to insert variables such as the monthly investment amount, the expected rate of return, and the duration of the investment. The SIP return calculator then provides an approximate value of your corpus at the end of the investment period. 

This helps you to plan your financial goals more effectively by giving you a clearer picture of how your small, regular contributions can grow significantly over the long term due to the power of compounding.

Benefits to Invest in Best SIP for 30 Years

• Long-Term Wealth Growth: When you invest in a SIP for 30 years, your money has ample time to grow, and the power of compounding helps it multiply steadily over the long run.
• Rupee Cost Averaging: By making regular investments, you buy more units when prices are low and fewer units when prices are high, which helps you balance out the ups and downs of the market.
• Disciplined Savings Habit: Investing in an SIP encourages you to save regularly, helping you build a consistent savings habit that leads to better financial discipline.
• Higher Returns Potential: Since equity-based SIPs have the potential for higher growth over the long term, investing for 30 years increases the chances of earning better returns compared to short-term investments.
• Risk Mitigation: By spreading your investments over several years, you reduce the impact of market volatility and minimize the risks associated with short-term market fluctuations.
• Tax Benefits: If you choose SIPs in tax-saving investments like ULIP and ELSS, you can enjoy tax deductions under Section 80C, which helps you save on taxes while growing your wealth.
• Financial Security for the Future: Committing to a 30-year SIP ensures you have a reliable financial plan in place to meet long-term goals such as retirement, funding your children’s education, or purchasing a home.

Wrapping Up!

Investing in SIPs for 30 years offers a solid way to build long-term wealth. The power of compounding, combined with consistent investments, can help you achieve your financial goals. Choose funds that align with your risk profile and objectives, and stay invested through market ups and downs for the best results.

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