Find your suitable insurance plan
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6 min read
SIP or Systematic Investment Plan are the most suitable plans for investors who want to accumulate huge corpus through ways of controlled investment in market linked funds. You can get the most popular SIP plans in the country as offered by fund houses who offer them through various insurance companies, mutual funds, ULIPs etc.
The best SIP plans for long term offered by fund managements allow high returns even during volatile market scenarios if the investor maintains discipline.
Below are some top mutual funds for SIPs to invest in 2023:
| Fund Name | Returns in 3 years | Returns in 5 years | Returns in 10 years |
| Large cap fund (Mirae Asset) | 24.16% | 11.32% | 15.95% |
| bluechip fund (SBI) | 26.86% | 11.18% | 14.62% |
| Large cap fund (Nippon India) | 30.51% | 12.15% | 15.06% |
| Bluechip Fund (Axis) | 18.58% | 12.02% | 14.34% |
| Bluechip Fund (ICICI Prudential) | 26.90% | 11.98% | 14.36% |
If you are looking for best Mutual Fund for SIP, below are some such plans for you:
This scheme was announced in January 2013 and it is a medium risk-taking fund. The minimum investment limit under this fund is INR 1,000. This fund aims to offer capital appreciation while it lends money to borrowers. The fund doubles the investment every 9 years.
This plan was launched in September 2014. It has an Average Asset under Management or AUM of INR 259 crores. The fund aims at long-term capital growth by investing in equity and debt-related securities. It has over the years doubled the investment of investors in 9 years. However, it doesn’t guarantee any returns. The fund mainly invests in financial, technical, and other sectors.
It is a fund that lends money to borrowers of moderate credit risk profile. The primary objective of the scheme is to allow long-term capital obligation. The fund has so far allowed 9.10% as average returns. It was launched in January 2013 and has AUM of INR 7146 crores.
This fund was launched in January 2013 and it serves as an aggressive hybrid fund scheme to its investors to allow them to gain long-term capital growth. The fund comes with an AUM of INR 994 crores and mostly invests in equity and debt instruments. However, the quality of the borrower is risky under this fund and hence need to take caution while investing.
This is a conservative hybrid fund launched in January 2013. It holds INR 1651 crores of AUM and invests in equity assets and debt securities. It suits best to investors with medium to low-risk appetite and doubles money every 7 years. The borrowers under this fund are of moderate risk quality.
This fund invests in instruments related to equity. Being a flexicap ULIP fund, it focuses on generating quality returns for investors
It is an open-ended Flexi Cap Fund with a diverse portfolio of equity. It invests in all caps – small, mid and large. It is regarded as one of the best plans to invest
It is an open-ended fund that mostly does investment in large-cap stocks of insurance in India. This fund has good number of women directors and executives who manages the fund
This is another best SIP plan in India to invest on. The fund grows the invested money of investors in a rapid manner
When it comes to choosing between ULIP and Mutual Fund, investors generally get confused. This is because both of them are SIP investments and have varied advantages. Here are some points that might help you to choose the right SIP plan so that your financial goals could be met.
Here are some reasons to invest in best SIP plans for 5 years:
Here are some tips to gain maximum while investing minimum:
To Sum Up
SIPs serve as the best investment option for accumulating huge corpus by making investments in small amounts for a long time period. These plans are easy to buy and invest and anyone can benefit from them. However, it is important to make your choices intelligently while choosing the best SIP.
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1. Kotak Equity Opportunities Fund
2. Quant Active fund
3. PGIM India Flexi Cap Fund
4. ICICI Prudential Blue-chip fund
5. Reliance large cap fund
Yes, you can withdraw your SIP investments anytime if you are not happy with the returns.
No, not all SIP plans allow tax benefits.
The least amount to invest in SIP is INR 500, while there is no upper limit on the maximum SIP investment.
SIP is a fund investment where an investor can deposit minimum amounts at regular intervals and receive decent returns. On the other hand, FDs are an investment option where a certain amount is deposited for a fixed tenure, and the interest is received at maturity.
PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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