A SIP is a substitute option for the traditional method of lump sum investment. In SIP, a fixed amount of money is deposited in a mutual fund scheme at some fixed intervals. A SIP will help you to acquire the advantage
from the power of compounding with light periodic investment requirement, as you can begin a SIP even with an amount of Rs. 500.
Here is a list of Top 10 Mutual Funds in 2019-20 to invest through SIP:
FUND NAME |
1 YEAR RETURNS |
3 YEAR RETURNS |
5 YEAR RETURNS |
| ICICI Prudential Bluechip Fund | 9.8% | 12.43% | 9.75% |
| DSP Tax Saver | 16.55% | 13.53% | 11.83% |
| Franklin India Equity Fund | 5.95% | 9.67% | 8.76% |
| ICICI Prudential Value Discovery Fund | 0.15% | 7.06% | 7.28% |
| Axis Long Term Equity Fund | 17.62% | 17.74% | 12.72% |
| Nippon India Tax Saver (ELSS) Fund | 3.67% | 4.01% | 5.16% |
| DSP Equity Opportunities Fund | 15.24% | 12.88% | 11.07% |
| Motilal Oswal Long Term Equity Fund | 15.9% | 15.63% | – |
| Aditya Birla Sun Life Pure Value Fund | -8.59% | 3.52% | 6.14% |
| HDFC Equity Fund | 9.61% | 12.47% | 8.07% |
So, you can choose one of the above-mentioned funds to invest through SIP. Before you pick one, let us tell you some good reasons to go for SIP:
- You can invest with a small amount of money
- Under the SIP investment method, the market risks decline as the units of a mutual fund scheme is paid at intervals.
- A SIP allows investors to increase their investment amount by a certain amount on a regular basis and acquire the advantage of compounding as they also receive returns on the returns produced by their investment.
- One of the best elements of SIP is that it can be used automatically. This helps investors to fill up forms without any trouble.
So what are you waiting for?
Pick one of the best funds and invest through a systematic investment plan!!!