Investing in mutual funds through a Systematic Investment Plan (SIP) is a smart way to grow your wealth over the long term. Explore the top 10 mutual funds for SIP to invest in India in 2024, focusing on the best equity mutual funds available in the market. Choose the right mutual funds for your SIP investments to achieve your financial goals.
What is Mutual Fund And SIP Investment
| Aspect | Mutual Funds | SIPs |
|---|---|---|
| Definition | Pooled funds collected from multiple investors and invested in diversified securities. | Investment method in mutual funds where a fixed amount is invested regularly at predetermined intervals. |
| Investment amount | Lump sum or periodic investments. | Fixed periodic investments, usually monthly. |
| Flexibility | Can invest a lump sum at any time. | Offers disciplined investing with fixed intervals. |
| Cost | Expense ratios and fees may apply. | Similar costs as mutual funds. |
| Timing | Timing the market is a consideration. | Averaging out market fluctuations through regular investments. |
| Risk | Risk depends on the type of mutual fund. | Risk is spread out over time due to regular investments. |
| Return potential | Potential for higher returns over time. | Can benefit from rupee cost averaging. |
| Convenience | May require active monitoring and management. | Automates investments, reducing the need for constant monitoring. |
| Goal suitability | Suitable for both short-term and long-term goals. | Ideal for long-term wealth creation and achieving financial goals. |
| Market participation | Directly linked to market performance. | Reduces the impact of market volatility over time. |
Best Equity Mutual Funds to invest in India
Investing in mutual funds through a Systematic Investment Plan (SIP) is a smart way to grow your wealth over the long term. With the right selection of mutual funds, you can achieve your financial goals and secure a prosperous future. In this article, we will explore the top 10 mutual funds for SIP to invest in India in 2024, focusing on the best equity mutual funds available in the market.
1. ICICI Prudential Focused Bluechip Equity Fund
icici prudential mutual fund is one of the best equity mutual funds for SIP in India. With a solid track record of consistent returns, this fund has proven to be a reliable choice for investors. The fund manager’s expertise in selecting quality stocks and managing risk makes it an attractive option for long-term wealth creation.
2. Nippon India Large Cap Fund
Nippon India Large Cap Fund is a top-performing mutual fund that focuses on investing in large-cap companies. This fund has consistently outperformed its benchmark index and delivered impressive 34.57% returns over 1 year. With a diversified portfolio of blue-chip stocks, it provides stability and growth potential to investors.
3. Mahindra Manulife Mid Cap Fund – Direct Plan – Growth
Mahindra Manulife Mid Cap Fund is a popular choice among investors looking for higher growth opportunities. This fund primarily invests in mid-cap companies with strong growth prospects. The fund manager’s ability to identify promising mid-cap stocks has resulted in significant returns for investors over the years.
4. HDFC Small Cap Fund
HDFC Small Cap Fund is a high-risk, high-reward mutual fund that focuses on investing in small-cap companies. While small-cap stocks can be volatile, they also have the potential to deliver substantial returns. This fund is suitable for investors with a higher risk appetite and a long-term investment horizon.
5. HDFC Retirement Savings Fund – Hybrid Equity Plan
HDFC Retirement Savings Fund is a hybrid mutual fund that offers a balanced mix of equity and debt investments. This fund aims to provide stable returns by investing in a diversified portfolio of stocks and fixed-income securities. It is suitable for investors looking for a balanced approach to wealth creation.
6. Sundaram Equity Savings Fund
Sundaram Equity Savings Fund is a passively managed mutual fund that aims to replicate the performance of a specific index, such as the Nifty 50 or the Sensex. This fund is a cost-effective option for investors who want to invest in the broader market and benefit from the overall market growth.
7. JM Equity Hybrid Fund
JM Equity Hybrid Fund focuses on investing in specific sectors or industries that are expected to outperform the broader market. This fund allows investors to capitalize on the growth potential of a particular sector, such as technology, healthcare, or financial services. However, it is important to note that sector funds can be more volatile and carry higher risks.
8. Tata Gilt Securities Fund
Tata Gilt Securities Fund is a mutual fund that invests in international markets, providing investors with exposure to global equities. Best Large Cap Mutual Funds to invest in India allows investors to diversify their portfolio beyond domestic markets and take advantage of opportunities in international economies.
9. DSP Strategic Bond Fund
DSP Strategic Bond Fund, also known as an Equity Linked Saving Scheme (ELSS), offers tax benefits under Section 80C of the Income Tax Act. Best Mutual Funds not only helps investors save taxes but also provides the potential for long-term wealth creation through equity investments. It has a lock-in period of three years.
10. Aditya Birla Sun Life Small & Midcap Fund
Aditya Birla Sun Life Small & Midcap Fund is a versatile mutual fund that invests in companies across different market capitalizations. This top performing mutual funds in india offers the flexibility to invest in large-cap, mid-cap, and small-cap stocks based on market conditions. It is suitable for investors looking for a diversified portfolio with exposure to companies of various sizes.
Top 10 Mutual Funds in India 2024 टॉप 10 म्यूचुअल फंड
- ICICI Prudential Focused Bluechip Equity Fund
- Aditya Birla Sun Life Small & Midcap Fund
- Tata Equity PE Fund
- HDFC Monthly Income Plan – MTP
- L&T Tax Advantage Fund
- SBI Nifty Index Fund
- Kotak Corporate Bond Fund
- Canara Robeco Gilt PGS
- DSP BlackRock Balanced Fund
- Axis Liquid Fund
Which is the best mutual fund?
Choosing the right highest return mutual fund in last 10 years for your SIP investments is crucial for achieving your financial goals. The top 10 mutual funds mentioned above offer a range of options for investors, depending on their risk appetite and investment preferences. It is advisable to consult with a financial advisor or conduct thorough research before making any investment decisions. Remember, mutual fund investments are subject to market risks, and past performance is not indicative of future results. Happy investing!