Many of them have asked me about which are the best sip mutual funds to invest in 2023 India or best sip to invest for highest growth 2023 for long term or best sip plan for 5 years and 10 years or best Indian mutual funds to buy for sip investment. I am glad to give you answers for those questions. Here I will be focusing and discussing about top 10 mutual funds for sip to invest in 2023 India.
Finally the year has ended with a beginning of year 2023. Also people are wondering for the top sip investment options for long term financing planning in year 2023. In this chapter we are going to discuss about top 10 best sip mutual funds plans to invest in 2023 – 2024. After doing lots of homework, research, best performing sip’s, our team have filtered the “Top 10 Mutual Funds for SIP to invest in 2023” based on several indicators and parameters. This information given are based on years and years we spent on learning Indian financial markets. Keep in mind that we are here with in-tension to give you the best knowledge as possible for your research and analysis purpose.
Returns on Best SIP Plan for 20 years
Lets take an example to understand it in much better ways. Assume that you wish for mutual fund sip to invest in best Indian Mutual Funds for next 20 years with total investment of INR 12,00,000/- breaking down as INR 5,000/- per month as systematic investment plan (SIP). Here you can see that with investment of INR 5,000 per month for 20 years with the expected returns as 20%, your capital investment is INR 12,00,000 and your future value is INR 1,58,07,387. Let’s look below picture to understand how well your sip investment works for you.
After several years of research into mutual funds, we have come up with best performing mutual funds for sip to invest for long term in India, which are mentioned below. Here you can see how your portfolio will look like when you invest in best sip plan for 20 years or best sip plan for 10 years or best sip plan for 5 years or for 1 year.
I believe the numbers would be something above your imagination. Systematic Investment Plans (SIP) is for those who want to invest some portion of their saving every month. After seeing the mutual funds for SIP returns for next 20 years, you may feel that money you get is enough for your retirement funds.
Let me tell you that if you compare with best mutual funds to Invest in India for long term with lump-sum capital investment. I will insist you to keep your eye on lump-sum investment as well. The fruits which you will get would be much better in taste then the fruits you taste with mutual fund sip to invest for long term. Do not forget to check it out.
Top 10 – Best Mutual Funds for SIP to Invest in for Long Term in India 2023
Now here comes the time to look into this chapter in more detailed manner. In the below table we have shown best performing mutual funds for sip to invest for 5 years and 10 years in 2023 India.
We are also going to show you the returns you earn in long term based on SIP calculation. It took us long time to figure it out the top performing mutual funds for sip in India with highest growth potential. Hope you will also find this information useful for your financial planning and SIP investment.
|Sr.||Scheme Name||Category Name||AuM (in Crore)||2Yrs||3Yrs||5Yrs|
|1||Axis Midcap Fund – Direct Plan – Growth||Mid Cap Fund||19,461.79||29%||22%||18%|
|2||Nippon India Small Cap Fund – Direct Plan – Growth||Small Cap Fund||22,158.38||51%||35%||18%|
|3||Parag Parikh Flexi Cap Fund – Direct Plan – Growth||Flexi Cap Fund||26,033.24||26%||24%||17%|
|4||Motilal Oswal Midcap Fund – Direct Plan – Growth||Mid Cap Fund||3,409.01||47%||28%||17%|
|5||IIFL Focused Equity Fund – Direct Plan – Growth||Focused Fund||3,231.35||30%||22%||17%|
|6||Edelweiss Mid Cap Fund – Direct Plan – Growth||Mid Cap Fund||2,290.53||39%||28%||16%|
|7||PGIM India Flexi Cap Fund – Direct Plan – Growth||Flexi Cap Fund||5,084.74||30%||25%||16%|
|8||Mirae Asset Great Consumer Fund – Direct Plan – Growth||Sectoral/Thematic||2,004.13||32%||19%||16%|
|9||Kotak Emerging Equity Fund – Direct Plan – Growth||Mid Cap Fund||21,996.08||38%||27%||16%|
|10||Invesco India Mid Cap Fund – Direct Plan – Growth||Mid Cap Fund||2,542.13||32%||24%||15%|
|Average Annualized Returns:||35%||25%||17%|
Note: (1) AUM refers to Assets Under Management. Its a ratio / measures to determine the total market value of a Mutual Fund company. (2) SIP is the short name for Systematic Investment Plan.
Looking at the past performance of top mutual funds for sip to invest for long term with upside growth potential, the figures and numbers looks very fascinating to us.
You may have noticed that average returns for best sip plan for 5 years is different than best sip plan for 20 years and same is the case with best sip plan for 10 years. This is because of ups and downs in financial markets over a period of time.
There are various categories to start an mutual funds for sip like Large Cap Funds, Small & Mid Cap Funds, Equity Mutual Funds and Balanced Funds. One can make a handsome of money for its retirement. One of the easiest way of making money is through mutual funds for sip to invest in India.
Every person have aspiration and different financial goals. There may be people who will be more interested towards best stocks to buy either best stocks for long term investment, whereas other persons may be interested in best dividend paying stocks. Here we are going to focus only on top 10 – best sip to invest in 2023 India for long term.
This bring me to conclude every piece of my research in few words. Do write us your feedback’s / comments, so that next time I can present you some thing better. Hope that you will find this best sip to invest for highest growth in India interesting for your portfolio.
In this article you have seen the top 10 – best mutual funds for sip to invest in India for 2023-2024 We have also seen some of the best performing mutual funds for sip to invest and some of the examples of returns on investment with best sip plan for 20 years along with returns on best sip plan for 5 years and 10 years. Its but obvious that you will find it fascinating with the returns on investment and its not possible to reach there with bank savings interest rate or fixed deposits interest rate. Do compare with FD interest rate while you comparing with best SIP plans in India.
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Top 10 - Best Investment Options in India
- Chapter 1: Top 10 - Best Stocks for Long Term Investment in India
- Chapter 2: Top 10 – Best Dividend Paying Stocks for Long Term in India
- Chapter 3: Top 10 – Best Stocks to Buy for Long Term Investment in India
- Chapter 4: Top 10 – Best Large Cap Stocks to Buy for Long Term Investment in India
- Chapter 5: Top 10 – Best Mid Cap Stocks to Buy for Long Term Investment in India
- Chapter 6: Top 10 – Best Small Cap Stocks to Buy for Long Term Investment in India
- Chapter 7: Top 10 – Best Mutual Funds to Invest in for Long Term in India
- Currently Reading: Top 10 – Best Mutual Funds for SIP to Invest in India
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