Best SIP for Long-Term

Selecting the best SIP plan is important when planning for long-term financial goals such as retirement, education, or wealth accumulation. They offer a disciplined approach to investing, allowing individuals to invest a fixed amount in funds over time regularly. Choosing the right SIP plan involves considering factors such as investment horizon, risk tolerance, fund performance, and diversification to achieve optimal growth and financial stability in the long run.

Read more

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

  • Insurance Companies
  • Mutual Funds
Returns
Fund Name 3 Years 5 Years 10 Years
Top 200 Fund Tata AIA 26.72% 27.01%
20.76%
View Plan
Virtue II PNB Metlife 24.45% 22.83%
18.66%
View Plan
Pure Equity Birla Sun Life 23.41% 19.4%
17.94%
View Plan
Growth Opportunities Plus Fund Bharti AXA 20.27% 18.65%
17.15%
View Plan
Pure Stock Fund Bajaj Allianz 19.12% 17.41%
16.85%
View Plan
Blue Chip Fund HDFC Standard 16.13% 14.55%
14.23%
View Plan
Growth Super Fund Max Life 16.37% 15.04%
14.01%
View Plan
Multi Cap Growth Fund ICICI Prudential 17.36% 13.61%
13.57%
View Plan
Equity Fund SBI 16.9% 14.63%
13.5%
View Plan
Equity II Fund Canara HSBC Oriental Bank 15.99% 12.31%
11.69%
View Plan

Updated as of Apr 2024

Compare more funds

  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 Apr 2024

Compare more funds

What is an SIP?

The full form of SIP is a Systematic Investment Plan. It is a systematic approach towards investing in various funds available in the market. It allows you to invest a fixed amount of money at regular intervals, like monthly or quarterly, instead of a lump sum. This is a great option for those who want to start investing with a small amount and gradually build their wealth over time. SIPs encourage disciplined investing and help average out the impact of market volatility. Investing in the best SIP plans for 20 years can be beneficial as it allows your money to grow over time. That’s why you should always try to stay invested for a long time. 

Best SIPs for Long-Term

Some of the best SIPs for the long term in India are listed below:

Best Large-Cap Funds for Long-Term SIPs

Best Mutual Funds for Long Term SIP

Below is the list of best mutual funds for long-term SIP: 

  1. Axis Bluechip Fund - Growth:

    The fund’s objective is to achieve long-term capital growth by investing in a mixed portfolio that consists of equity and its related securities of large-cap or bluechip companies.

    • The fund’s risk profile is moderately high.

    • The NAV of the fund is Rs. 61.60 as of April 19th, 2024.

    • The minimum limit for SIP investment is Rs 100.

    • Returns since inception is 15.34%.

  2. Canara Robeco Bluechip Equity Fund - Growth:

    The fund aims to multiply capital by investing in large market capitalization companies.

    • This is an open-ended large-cap equity fund.

    • The fund is moderately risky.

    • The NAV of the fund is Rs. 61.22 as of April 19th, 2024.

    • The minimum limit for SIP investment is Rs. 1,000.

    • Annualized Returns since inception is 15.42%.

Insurance Funds

  1. Tata AIA Life Insurance Top 200 Fund

    The Top 200 fund will invest primarily in select stocks and equity-linked instruments, which are a part of the BSE 200 Index with a focus on generating long-term capital appreciation. The fund will not replicate the index but aim to attain better performance than the index's performance. As a defensive strategy arising from market conditions, the scheme may also invest in debt and money market instruments.

    • This is an open-ended large-cap fund.

    • The fund is moderately risky.

    • The NAV of the fund is Rs.147.7801 as of March 31st, 2024.

    • The minimum limit for SIP investment is Rs 1000.

    • The last 10-year annualised return is 20.6% as of March 31st, 2024. 

  2. HDFC Life BlueChip Fund

    The fund aims to provide medium to long-term capital appreciation by investing in a portfolio of predominantly large-cap companies which can perform through economic and market cycles. The fund will invest at least 80% of the AUM in companies which have a market capitalization greater than the company with the least weight in the BSE100 index. The fund may also invest up to 20% in money market instruments/cash.

    • This is an open-ended large-cap fund.

    • The fund is moderately risky.

    • The NAV of the fund is Rs. 45.1243 as of March 31st, 2024.

    • The minimum limit for SIP investment is Rs 1000.

    • Annualized Returns since inception is 11.16% as of March 31st, 2024. 

Best Mid-Cap Funds for Long-Term SIPs

Best Mutual Funds for Long Term SIP

Below is the list of best mutual funds for long-term SIP: 

  1. Axis MidCap Fund - Growth:

    The fund’s objective is to achieve long-term capital appreciation by investing in equity and equity-related instruments of mid-size companies. The main focus would be on investing in large companies in this category.

    • This is an open-ended mid-cap equity fund.

    • The fund has a moderately high-risk profile.

    • The NAV of the fund is Rs 105.75 as of April 19th, 2024.

    • The minimum limit for SIP investment is Rs 100.

    • Returns since inception is 19.77%.

  2. PGIM India Mid-Cap Opportunities Fund - Growth:

    The fund aims to achieve long-term capital appreciation by investing in equity and equity-related mid-cap instruments of mid-cap companies.

    • This is an open-ended mid-cap equity fund.

    • The fund is categorized as highly risky.

    • NAV of the fund is Rs. 61.98 as of April 19th, 2024.

    • The minimum SIP investment limit is Rs 1000.

    • Returns since inception is 20.9%

Insurance Funds 

  1. Tata AIA Whole Life Mid Cap Equity Fund

    The primary investment objective of the Fund is to generate long-term capital appreciation from a portfolio that is invested predominantly in Mid Cap Equity and Mid Cap Equity-linked securities. Investments in large-cap equity shares will be restricted to not more than 20%.

    • This is an open-ended mid-cap equity fund.

    • The fund is categorized as highly risky.

    • NAV of the fund is Rs. 125.4819 as of March 31st, 2024.

    • The minimum SIP investment limit is Rs 1000.

    • 10 years returns of the fund 21.6%.

  2. Max Life Insurance High Growth Fund

    The fund is a multi-cap fund focusing on mid-cap equities, where predominant investments are equities of companies with high growth potential in the long term (to target high growth in capital value assets). At least 70% of the Fund corpus is invested in equities at all times. However, the remaining is invested in government securities, corporate bonds, and money market instruments; hence, the risk involved is relatively high.

    • This is an open-ended mid-cap equity fund.

    • The fund is categorized as highly risky.

    • NAV of the fund is Rs. 93.2632 as of March 31st, 2024.

    • The minimum SIP investment limit is Rs 1000.

    • Annualized Returns since inception is 14.87% as of March 31st, 2024. 

Best Small-Cap Funds for Long Term SIPs

Best Insurance Funds for Long Term SIP

  1. Kotak Small-Cap Fund- Growth:

    The fund’s investment objective is to have capital growth from a diversified portfolio of equity and related securities.

    • This is an open-ended small-cap equity fund.

    • The fund’s risk profile is moderately high.

    • The Fund’s NAV as of April 19th, 2024, is Rs. 262.02.

    • The minimum limit for SIP investment is Rs 100.

    • Returns since inception is 20.96%.

  2. SBI Small-Cap Fund-Growth:

    The scheme seeks to generate income and long-term capital growth by investing in a portfolio of equity and related securities of small and mid-cap companies.

    • This is an open-ended small-cap equity fund.

    • The fund is highly risky.

    • NAV for the fund as of April 19th, 2024, is Rs 175.64.

    • The minimum SIP investment limit is Rs. 500.

    • Returns since the inception of the fund is 26.02%.

Best Debt Funds for Long-Term SIP

Best Insurance Funds for Long Term SIP

  1. Tata AIA Whole Life Income Fund

    The primary investment objective of the Fund is to generate income through investing in a range of debt and money market instruments of various maturities with a view to maximizing the optimal balance between yield, safety and liquidity. The Fund will have no investments in equity or equity-linked

    instruments at any point in time

    • This is an open-ended debt fund.

    • The fund is highly risky.

    • NAV for the fund as of March 31st, 2024, is Rs. 36.4504.

    • 10-year returns of the fund is 8.30%.

  2. SBI Life Bond Fund

    To provide relatively safe and less volatile investment options mainly through debt instruments and accumulation of income through investment in fixed-income securities.

    • This is an open-ended debt fund.

    • The fund is highly risky.

    • NAV for the fund as of March 31st, 2024, is Rs. 36.4504.

    • Returns since the inception of the fund is 8.11%

Best Diversified Funds for Long-Term SIPs

  1. UTI Equity Savings Fund =-Growth:

    This fund aims to invest in a portfolio of equity and equity-related securities as well as fixed-income securities to generate regular income along with capital appreciation.

    • This is an open-ended hybrid equity fund.

    • This fund has a moderate risk factor.

    • NAV for the fund as of April 19th, 2024, is Rs. 17.41.

    • The minimum SIP investment limit is Rs 500.

    • Returns since inception is 10.33%.

How to Calculate Returns on Your Investments? 

Calculating returns on your investments is important for evaluating their performance and making informed decisions about your financial goals. One common method to calculate returns, especially for systematic investment plans (SIPs), is by using an SIP calculator. An SIP return calculator is a financial tool used to estimate the future value of investments. It takes inputs such as the investment amount, duration, expected rate of return, and compounding frequency to calculate potential returns and help investors plan their financial goals effectively.

Conclusion

Selecting the best SIP Plan for long-term investment goals requires careful consideration of factors such as investment horizon, risk tolerance, and financial objectives. Diversifying across asset classes, staying committed to regular investments, and reviewing portfolio performance periodically are key strategies to achieve long-term wealth creation and financial success through SIPs.

Frequently Asked Questions

  • Can I cancel my SIP whenever I want?

    Yes, you have the flexibility to stop your SIP at any time and withdraw the invested amount, whether partially or entirely. However, note that tax-saving funds like ELSS have a lock-in period of three years. In ELSS, you can only withdraw your investment after this lock-in period.
  • What happens if I cancel my SIP?

    When you cancel your SIPs, no further deductions will be made from your bank account. The fund company does not impose any penalties for stopping the SIP. Your existing investments will stay in the fund and continue to generate returns. You can withdraw the invested amount, either partially or in full, whenever you wish.
  • How long can I continue my SIP?

    There is no specified duration for SIP investments; you can continue them indefinitely. It's recommended to start a SIP with a specific financial goal in mind. Set a target amount that aligns with your goal and keep investing in the SIP until you achieve that target.
  • What is the asset allocation for the Canara Robeco Bluechip Equity Fund?

    The Canara Robeco Bluechip Equity Fund has the following asset allocation:
    • Cash: 4.07%
    • Equity: 95.93%
  • What are top five holdings under the Axis Bluechip Fund?

    The top 5 Axis Bluechip Fund holdings are:
    • Bajaj Finance Limited
    • HDFC Bank Ltd
    • Infosys Ltd
    • ICICI Bank Ltd
    • Tata Consultancy Services Ltd
  • When was the Axis Mid-Cap Fund launched?

    The Axis Mid-Cap Fund was launched on February 18th, 2011.
  • What is the expense ratio under the PGIM India Mid-Cap Opportunities Fund?

    The PGIM India Mid-Cap Opportunities Fund has an expense ratio of 2.53%.
  • How much Exit Load does the IDFC Infrastructure Fund charge?

    Under the IDFC Infrastructure Fund, 1% exit load is charged within the first 365 days of purchase. After that, no exit load is charged.

+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.

SIP plans articles

Recent Articles
Popular Articles
Best SIP Plans for 500 per Month

07 May 2024

Investing through a Systematic Investment Plan (SIP) allows you
Read more
Why You Should Not Cancel Your SIP Within a Short-Term?

05 Apr 2024

Systematic Investment Plans (SIPs) have become a popular
Read more
Benefits of One - Time Mandate For SIP Investment

26 Mar 2024

One Time Mandate (OTM) for SIP investments make things easier by
Read more
ELSS vs SIP

26 Mar 2024

Differentiating between ELSS and SIP can be challenging because
Read more
How to Redeem ELSS SIP?

26 Mar 2024

Redeeming Equity Linked Savings Scheme SIPs require a clear
Read more
Best 1 Year SIP Plans
One of the emerging investment options in India, SIPs or Systematic Investment Plans is gaining popularity
Read more
SBI SIP Plans (Systematic Investment Plan)
SBI Systematic Investment Plan or SBI SIP Plan is a convenient and disciplined approach to investing in
Read more
LIC SIP Calculator
Life Insurance Corporation of India (LIC) is one of the highly-trusted asset management companies (AMCs) in
Read more

Invest In SIP & Get Financial Freedom

With BEST RETURNS and tax free maturity*

*under 10(10D)
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL