If you are looking to invest in the Indian market, then the best SIP plans for 3 years can be an excellent option for creating wealth over the long term. SIP or Systematic Investment Plan is a disciplined and systematic way of investing in mutual fund schemes, where you invest a fixed amount at regular intervals. Investing in the best SIP plans for 3 years can help you build a sizeable corpus that can meet your long-term financial goals.
With a plethora of mutual fund schemes available in the market, choosing the best SIP plan for 3 years can be a challenging task. To make the selection process easier for you, we have compiled a list of the top 10 best SIP plans for 3 years in India to invest in 2023. These plans have been selected based on their past performance, fund manager expertise, and portfolio diversification, among other factors.
The best SIP plans for 3 years offer a range of benefits, such as lower risk due to diversification, the potential for higher returns compared to traditional investment options, and the ease of investing through online platforms. With a minimum investment amount as low as Rs 100 per month, SIP plans for 3 years can be an affordable way to start investing and building wealth.
Investing in the best SIP plans for 3 years can also help you achieve your long-term financial goals, such as saving for your child's education or planning for your retirement. Whether you are a first-time investor or an experienced one, choosing the best SIP plan for 3 years can be an excellent way to grow your wealth over the long term. So, let's take a closer look at the top 10 best SIP plans for 3 years in India to invest in 2023.
10 Best SIP Plan for 3 Years in India 2023
Funds | 3-Year SIP Returns (%)* |
Bank of India Credit Risk Fund | 52.82 |
Quant Small Cap Fund | 34.63 |
ICICI Prudential Infrastructure Fund | 33.71 |
Quant Infrastructure Fund | 31.69 |
ICICI Prudential Commodities Fund | 31.36 |
Kotak Infra and Economic Reform Fund | 28.59 |
Nippon India Small Cap Fund | 28.57 |
Tata Small Cap Fund | 27.88 |
SBI Contra Fund | 27.33 |
HSBC Small Cap Fund | 27.13 |
* As on March 29, 2023 | |
(The returns in the above table are subject to market risks and do not represent any kind of chronological sequence. Please exercise caution before investing.)
Best SIP Plans to Invest for 3 Years
Mirae Asset Large Cap Fund
With an AUM of Rs 32,911 crore as on February 2023, Mirae Asset Large Cap Fund is one of the best-performing large-cap equity funds in India. The fund has consistently outperformed its benchmark index, making it a popular choice among investors. The minimum SIP investment is Rs 1,000 per month, and the expense ratio is 0.54% for direct plans and 1.59% for regular plans. The fund's risk is moderately high, and the annualised returns for 1 year, 3 years, and 5 years are negative 0.63%, 25.82%, and 12.12%, respectively.
SBI Small Cap Fund
SBI Small Cap Fund is a high-risk fund with an AUM of Rs 15,395 crore as of February 2023. The fund's portfolio primarily consists of small-cap companies with high growth potential. The minimum SIP investment is Rs 1,000 per month, and the expense ratio as on February 2023 for a direct plan is 0.7% and for the regular plan is 1.83%. The annualized returns for 1 year, 3 years, and 5 years are 6.38%, 39.38%, and 15.6%, respectively.
HDFC Small Cap Fund
HDFC Small Cap Fund is a high-risk fund with an AUM of Rs 14,649 crore. The fund primarily invests in small-cap companies with high growth potential. The minimum SIP investment is Rs 100 per month, and the expense ratio is 0.8% for direct plans and 1.84% for regular plans. The annualized returns for 1 year, 3 years, and 5 years are 12.84%, 46.22%, and 13.49%, respectively.
ICICI Prudential Bluechip Fund
ICICI Prudential Bluechip Fund is a large-cap equity fund with an AUM of Rs 34,199 crore as of February 2023. The fund's portfolio primarily consists of bluechip companies with a minimum SIP investment of Rs 100 per month. The expense ratio is 1.06% for direct plans and for the regular plan it is 1.67%, and the fund's risk is moderately high. The annualized returns for 1 year, 3 years, and 5 years are 2.77%, 28.74%, and 12.22%, respectively.
Kotak Emerging Equity Fund
Kotak Emerging Equity Fund is a high-risk fund with an AUM of Rs 23,963 crore as of February 2023. The fund primarily invests in mid-cap companies with high growth potential. The minimum SIP investment is Rs 100 per month, and the expense ratio for a direct plan is 0.49% and for the regular plan is 1.68%. The annualized returns for 1 year, 3 years, and 5 years are 5.2%,37.11%, and 14.9%, respectively.
Conclusion
To summarize, investing in SIPs is an excellent way to achieve financial goals and create long-term wealth. With the right investment strategy, investors can achieve their financial goals and secure their financial future. In this article, we have presented the 10 best SIP plans for 3 years in India to invest in 2023. These SIP plans have been selected based on their AUM, NAV, expense ratio, minimum SIP investment, category of fund, risk, and annualized returns for 1 year, 3 years, and 5 years. These SIP plans to offer a diverse range of investment options across various sectors and market capitalizations, catering to different investment preferences and risk appetites.
It is important to note that while past performance can be an indicator of future performance, it is not a guarantee. Investors should perform their own research, understand their financial goals and risk appetite, and choose the best SIP plan that suits their investment horizon and financial objectives. Additionally, investors should regularly monitor their investments and make necessary changes to their investment strategy based on market conditions.
Overall, investing in SIPs is a smart way to grow wealth over the long term. With a disciplined approach and a long-term outlook, investors can reap the benefits of compounding and achieve their financial goals. The best SIP plans to invest for 3 years presented in this article are excellent investment options for investors looking to create wealth over the long term.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
I've delved into the world of SIPs (Systematic Investment Plans) and mutual funds extensively. I've researched their historical performances, scrutinized fund manager strategies, and studied the impact of diverse portfolios on returns. Understanding the nuances of various mutual fund schemes and the factors influencing their success has been a core part of my expertise.
Now, let's unpack the article on SIPs and mutual funds to ensure a comprehensive understanding of the concepts it covers:
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Systematic Investment Plan (SIP):
- A disciplined and regular investment approach where a fixed amount is invested at set intervals into mutual fund schemes.
- Designed to mitigate market volatility by averaging out the cost of investments over time.
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Mutual Funds:
- Investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other assets.
- Managed by professional fund managers who make investment decisions aiming for capital appreciation or income for investors.
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Top 10 Best SIP Plans for 3 Years in India (2023):
- The article lists mutual fund schemes based on various parameters like past performance, fund manager expertise, portfolio diversification, and more.
- Notable SIP plans listed with their 3-year SIP returns (%):
- Bank of India Credit Risk Fund (52.82%)
- Quant Small Cap Fund (34.63%)
- ICICI Prudential Infrastructure Fund (33.71%)
- Quant Infrastructure Fund (31.69%)
- ICICI Prudential Commodities Fund (31.36%)
- Kotak Infra and Economic Reform Fund (28.59%)
- Nippon India Small Cap Fund (28.57%)
- Tata Small Cap Fund (27.88%)
- SBI Contra Fund (27.33%)
- HSBC Small Cap Fund (27.13%)
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Key SIP Plans with Details:
- Mirae Asset Large Cap Fund: AUM Rs 32,911 crore, expense ratio 0.54%-1.59%, returns: negative 0.63% (1 year), 25.82% (3 years), 12.12% (5 years).
- SBI Small Cap Fund: AUM Rs 15,395 crore, expense ratio 0.7%-1.83%, returns: 6.38% (1 year), 39.38% (3 years), 15.6% (5 years).
- HDFC Small Cap Fund: AUM Rs 14,649 crore, expense ratio 0.8%-1.84%, returns: 12.84% (1 year), 46.22% (3 years), 13.49% (5 years).
- ICICI Prudential Bluechip Fund: AUM Rs 34,199 crore, expense ratio 1.06%-1.67%, returns: 2.77% (1 year), 28.74% (3 years), 12.22% (5 years).
- Kotak Emerging Equity Fund: AUM Rs 23,963 crore, expense ratio 0.49%-1.68%, returns: 5.2% (1 year), 37.11% (3 years), 14.9% (5 years).
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Conclusion:
- Emphasizes SIPs as a smart approach for long-term wealth creation but warns that past performance doesn’t guarantee future results.
- Encourages investors to conduct thorough research, consider their financial goals and risk tolerance, and monitor investments regularly.
The article essentially highlights the benefits of SIP investments, provides a list of top-performing SIP plans for 3 years in India based on historical returns and other factors, and stresses the importance of informed decision-making in investments.
