Explore the world of SIP investments and find the best plan for your long-term financial goals with this guide to the top SIP options in India for 15 years.
What is SIP Investment?
Systematic Investment Plan (SIP) is a method of investing in mutual funds where an investor invests a fixed amount of money at regular intervals, instead of investing a lump sum. This regular investment helps in averaging out the cost of units, thus reducing the average purchase price over time. It also provides a convenient and disciplined approach to investing, allowing individuals to accumulate wealth over the long term, regardless of market fluctuations. SIP plan is a popular and efficient way of investing in mutual funds in India and other countries.
Best SIP Investment for 15 Years in India 2023
The best SIP plan for 15 years in India depends on several factors, including an individual’s investment goals, risk tolerance, and investment budget. Here are some of the best SIP investing can consider in India:
| Equity Mutual fund | 5 Year Returns | 3 Year Returns | Investment (Minimum) |
| BOI AXA Small Cap Fund Direct Plan – Growth | – | 41.40% | ₹5000 |
| Aditya Birla Sun Life Digital India Fund – Growth – Direct Plan | 32.54% | 39.64% | ₹1000 |
| Aditya Birla Sun Life Digital India Fund Growth | 33.13% | 39.80% | – |
| ICICI Prudential Technology Fund | 32.50% | 38.69% | ₹5000 |
| ICICI Prudential Technology Fund – Direct Plan – Growth | 33.65% | 39.91% | ₹5000 |
| PGIM India Midcap Opportunities Fund – Direct Plan – Growth | 23.37% | 38.40% | ₹5000 |
| Quant Infrastructure Fund – Direct Plan – Growth | 0.2562 | 0.3901 | ₹5000 |
| Quant Small Cap Fund – Direct Plan – Growth | 23.23% | 40.08% | ₹5000 |
| TATA Digital India Fund – Direct Plan – Growth | 34.58% | 38.46% | ₹5000 |
| Tata Digital India Fund Regular Growth | 34.23% | 39.65% | – |
| Disclaimer: It is important to note that past performance of a fund does not guarantee future returns, and it is always advisable to consult a financial advisor before making any investment decisions. SIP Investment in any of the options is highly subjected to market fluctuations. The above mentioned investment vehicles are some popular opinions based on the market survey. Vakilsearch does not stand liable for any losses/benefits associated with the investment made in these options. We do not direct you to invest in these schemes and don’t endorse any. |
Benefits of SIP Plan
There are several benefits of SIP investment calculations, including
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- Rupee cost averaging: SIP helps to average out the cost of units by investing a fixed amount of money regularly, reducing the impact of market fluctuations
- Convenience: SIP plan is a convenient and easy way to invest, requiring only a small amount of money to be invested regularly
- Discipline: SIP helps to inculcate a disciplined approach to investing and building wealth over time
- Long-term wealth creation: SIP plan helps individuals to accumulate wealth over the long term by taking advantage of the power of compounding
- Affordability: SIP plan allows individuals to invest a small amount of money regularly, making it an affordable option for those with limited resources
- Professional management: SIP plan provides access to professional fund management, which can help to achieve higher returns than a traditional savings account.
- Liquidity: SIP plan allows individuals to easily liquidate their investments if required
Factors to Consider While Choosing SIP Investment
Here are some factors to consider before investing in the funds
- Financial goals and risk tolerance
- Fund’s past performance and manager’s track record
- Portfolio diversification and asset allocation
- Expense ratio and other fees
- Investment tenure and SIP amount
- Market trends and stability
- Exit loads and lock-in period
- Tax implications
- Fund’s diversificationf across asset classes
- Investment portfolio’s alignment with your goals.
Frequently Asked Questions on SIP Investment
Is SIP investment suitable for everyone?
No, SIP is suitable for long-term goals and those with a higher risk tolerance. Consult a financial advisor to determine if it's right for you.
Can I withdraw SIP investment anytime?
Yes, you can withdraw SIP investment but it is usually discouraged for long-term goals due to the impact of market fluctuations.
What are the risks involved in SIP investment?
- Market risk: returns are subject to market fluctuations - Inflation risk: returns may not keep pace with inflation - Liquidity risk: may not be able to sell units easily
What are the benefits of SIP investment?
- Rupee cost averaging - Regular savings habit - Low entry amount - Long-term wealth creation
How does SIP work?
An investor commits to regularly invest a fixed amount at a predetermined frequency (e.g. monthly) into a mutual fund.
What is SIP investment?
SIP stands for Systematic Investment Plan, a method of investing in mutual funds.
What is the minimum amount required for SIP investment?
The minimum amount required for SIP investment varies by fund house but is usually around ₹500 to ₹1000.
Conclusion
Choosing the best SIP plan for 15 years in India depends on several factors such as your financial goals, risk tolerance, and investment portfolio. It is advisable to seek the help of a financial advisor or do thorough research to determine the best SIP plan that aligns with your investment goals and risk profile. Some popular SIP plans in India include HDFC Equity Fund, ICICI Prudential Bluechip Fund, and SBI Blue Chip Fund. However, the final decision should be based on an individual’s personal financial situation and investment objectives. For a much personalised one-on-one financial advice you can get in touch with our in-house chartered accountants or book a slot with our SIP investment experts.
