Top 5 SIP Plans in India

Top 5 SIP Plans in India – Reviews

A Systematic Investment Plan (SIP) is a plan that offers investment via different mutual funds. This amount can be paid in the frequency of weekly, monthly, or quarterly investment. Once paid, the SIP will help you grow the money by compounding the interest. This ensures that you get higher returns on maturity.

All in all, SIP is a smart and hassle-free vehicle for investing money in mutual funds. This is sole because you will have the flexibility to choose whether you want to increase or decrease the amount of investment or stop investing altogether. This can be done whenever you want. These factors also make SIP the safest choice of investment for beginners who are not well-versed with the financial industry.

Below is a table that enlists the top 5 SIP plans for you to invest in. These were derived after comparing the Equity Share Capital of all companies as on 31st March 2019 from the Financial Report 2018-2019 published by IRDAI.

List of Top Five SIP Plans in India

Company NameSIP PlansNAV as on 28th May 2020Assets Under ManagementEquity Share Capital as on 31st March 2019
Bharti AXABOI AXA Large & Mid Cap Equity FundRs. 9.46Rs. 3,894.65 Cr.Rs. 2526.20 Cr.
HDFCHDFC Mid Cap Opportunities FundRs. 42.49Rs. 18,455.19 Cr.Rs. 2017.38 Cr.
Aviva LifeAviva Protector Fund IIRs. 20.316Rs. 9,430 Cr.Rs. 2004.90 Cr.
Tata AIATata Large and Mid-Cap FundRs. 176.0589Rs. 54,193 CrsRs. 1953.50 Cr.
Aditya Birla Sun LifeAditya Birla Sun Life Frontline Equity FundRs. 182.22Rs. 2,500 Cr.Rs. 1901.21 Cr.

1. BOI AXA Large & Mid Cap Equity Fund

With the probability of getting the highest potential returns, it is perhaps wise to invest in equities as they tend to outperform other asset classes over the long-term. This fund is suited for all the investors who have some or no prior expertise in equity investing and who are aware of the risk associated with it.

Features and Benefits

  1. Have your Large & Mid Cap Equity Fund managed by Alok Singh, who has around 19 years of experience, including 15 years of experience in the mutual fund industry alone.
  2. Eligibility to invest with a minimum application amount of Rs. 5,000 in the multiples of Rs. 1 under Regular or Direct Plan.
  3. A few other parameters that make this SIP one of the best are – Standard Deviation (Annualized) of 18.54%, Beta of 1.00, Sharpe Ratio of 0.12, and Tracking Error(Annualized) of 5.65% with risk-free rate assumed to be 4.41%.

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2. HDFC Mid Cap Opportunities Fund

This SIP by HDFC Mutual Fund is an open-ended equity scheme that is predominantly investing in mid-cap stocks with a minimum exposure of 65% to mid-cap stocks. This equity fund scheme may also seek to participate in other equity and equity-related securities to achieve optimal portfolio construction.

Features and Benefits

  1. Eligibility to avail the services with reasonable growth prospects, sound financial strength, sustainable business models, and an acceptable valuation that will offer potential capital appreciation.
  2. Have your fund for Mid Cap Opportunities managed by Chirag Setalvad who has over 21 years of experience and Chirag Dali who has over 19 years of experience.
  3. All the plans – Direct Plan-Growth, Growth, Direct Plan Dividend, and Dividend – under Mid Cap Opportunities Fund have generated NAV amounts of Rs. 45.1910, Rs. 42.4870, Rs. 24.4920, and Rs. 19.2710 respectively.

3. Aviva Protector Fund II

You can avail progressive returns with the help of this plan by Aviva India that has Debt and Money Market value between 80 – 100%. These returns are given through higher investments in debt securities and are invested with minimum exposure to low equities, thereby having a risk profile categorized as low.

Features and Benefits

  1. Avail benefits by investing in the Protector Fund II plans under fund managers (Jayesh Sundar and Nitin Garg) having proven investment expertise across more than 10 equity funds.
  2. Eligibility to alter your investment funds, depending on whether the risk profile has undergone a significant change or the market conditions for the product have altered.
  3. Choose from a wide spectrum of plans under the fund with different asset allocations that helps in meeting different risk-return as per the investor’s needs.
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4. Tata Large and Mid-Cap Fund

This mutual fund helps you to take advantage of the Potential Capital appreciation opportunities that are continuously arising from the midcap and large segment of the industry. Tata Mutual Fund invests in large and midcap stocks wherever the Fund Manager spots a lucrative opportunity after undertaking rigorous research.

Features and Benefits

  1. Have your funds managed by Chandraprakash Padiyar who has over 18 years of experience in research and fund management, and Meeta Shetty who has over 13 years of experience in the industry.
  2. Eligibility to purchase with a minimum investment amount as Rs. 5,000, additional purchase amount as Rs. 1,000 and in multiples of Re. 1 thereafter. This can be paid in the frequency of daily, weekly, monthly or quarterly.
  3. Eligibility for a redemption amount of Rs. 500 or 50 units.

5. Aditya Birla Sun Life Frontline Equity Fund

You can purchase the SIP plan under Aditya Birla Sun Life which is available both online and offline for direct and regular investors. With this plan, you can iron out the intermittent market volatility and enable your long term savings without any additional overhead.

Features and Benefits

  1. Make the most of your SIP investments by enhancing the SIP amount during regular intervals and contributing to those schemes that are performing well. You can also increase the investment amount whenever you get a hike in your salary/pay.
  2. Eligibility to subscribe under various schemes using one single application form and payment instruction.
  3. Have your funds managed by Mahesh Patil who has a total experience of 27 years in fund and investment management, managing over Rs. 92,000 crores in equity assets.

Investing in these SIP plans can help you achieve your financial goals with minimum risk. Furthermore, these plans make you eligible for tax benefits that are made under Equity Linked Savings Schemes (ELSS) as per Section 80C of Income Tax Act, 1961.

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