Systematic Investment Plans (SIPs) are one of the best ways to invest your money. A Systematic Investment Plan (SIP) is a simple and systematic way to invest in mutual funds or stocks. You start by making regular payments into an investment account, which is then used to purchase shares of stock or mutual funds on a set schedule.
The most common way to do this is by purchasing shares through a monthly deposit plan, where you make regular deposits into your account for a set period of time. You can also choose quarterly or yearly plans depending on your needs and preferences.
Top SIP Plans List to Invest for High Growth and Return in 2023
The main purpose of a systematic investment plan is to make small investments regularly over a period of time. SIPs are very popular among Indian investors because they provide an opportunity to invest in different stocks and bonds without having to worry about timing or market fluctuations. Here is the list of SIPs with best returns (in different categories) that you can invest in:
Large Cap Schemes
Large-cap schemes have some of the highest returns on investment (ROIs) in India. They are ideal for investors who want to minimize their risk exposure while still earning high returns on their investments.
S.No. | Fund Name |
1. | Aditya Birla SL India GenNext Fund |
2. | Aditya Birla SL Top 100 Fund |
3. | ICICI Pru Dynamic Plan |
4. | ICICI Pru Top 100 Fund |
5. | Quantum LT Equity Fund – Direct Plan |
Mid-Cap Schemes
Mid-cap schemes have lower ROIs than large-cap schemes but also have less volatility in the market. These schemes are ideal for investors who want higher returns but don't want to take on a lot of risk with their investments.
S.No. | Fund Name |
1. | |
2. | Canara Rob Emerg Equities Fund |
3. | Edelweiss Mid and Small Cap Fund |
4. | Franklin India Smaller Cos Fund |
5. | Sundaram Select Midcap |
Multi-Cap Schemes
Multi-cap schemes are more volatile than large-cap or mid-cap schemes, but they also have higher ROIs than both types of SIPs. These SIP with best for investing for investors who want high returns but don't mind taking on some risk with their investments.
S.No. | Fund Name |
1. | Aditya Birla SL Advantage Fund |
2. | Franklin India High Growth Cos Fund |
3. | HDFC Capital Builder Fund |
4. | Kotak Opportunities Fund |
5. | Nippon India Equity Savings Fund Growth |
6. | Sundaram Rural India Fund |
Equity Linked Savings Schemes (ELSS)
Equity-Linked Savings Schemes are long-term investment schemes that invest in mutual funds. You can invest in these SIP for highest returns as a lump sum or through regular monthly/yearly installments.
S.No. | Fund Name |
1. | Aditya Birla SL Tax Plan |
2. | Invesco India Tax Plan |
3. | |
4. | Nippon India Tax Saver (ELSS) Fund-Growth |
5. | Tata India Tax Savings Fund |
Factors And Features To Consider Before Investing In An SIP scheme
Investments are a great way to grow your money, but there are many factors and features to consider before investing in a SIP scheme.
Risk Appetite
When you invest, you need to be aware of the amount of risk that you are willing to take. If you are conservative and do not have much tolerance for loss, then it is better not to invest in equity-oriented schemes as they tend to be risky.
Conversely, if you are aggressive and have a high-risk appetite, then you should go for equity-oriented schemes as they generally offer higher returns than debt-oriented schemes.
Goals and Duration
The time horizon of your investment should be decided before choosing any scheme.
If you have a long time horizon then it is better to opt for long-term plans like 5 years or 10 years plans. However, short-term plans like 1-year plan can also be considered if one has limited resources.
Performance of the Scheme
The performance of the scheme should also be taken into consideration when deciding on which scheme to choose.
A good performer will give consistent returns over several years while an average performer will give less stable returns with some fluctuations here and there but not too much volatility.
Overview of the Best SIPs to Invest for Highest Growth and Return
Here are some of the high return SIP in India to invest in-
1) Aditya Birla SL India GenNext Fund
Aditya Birla SL India GenNext Fund is an open-ended thematic consumption equity scheme that invests in equity and equity-related instruments. The fund has been designed to provide investors with a regular income and long-term capital appreciation. It was launched on Aug 05, 2005, and is benchmarked against NIFTY India Consumption Total Return Index.
The fund invests in stocks of companies that are listed on the Indian stock exchanges, as well as in debt securities issued by Indian companies. It also invests in other mutual funds, exchange-traded funds (ETFs), money market instruments, and fixed income securities.
2) Aditya Birla SL Small & Midcap Fund
Aditya Birla Sunlife Small and Midcap Fund is managed by Mr. Jayesh Gandhi. This fund focuses to generate growth and capital appreciation by investing mainly in equity and equity-related instruments of companies to be small and mid-cap. New investors would be suggested to skip this fund.
Aditya Birla Sunlife Small and Midcap Fund is a mid-cap fund which means it would invest investors’ money in scrips of medium and small-cap companies.
3) Aditya Birla SL Advantage Fund
The Aditya Birla Sun Life Advantage Fund is a Systematic Investment Fund (SIF) that invests in equity and equity-related instruments. The fund has a diversified portfolio with investments in sectors such as banking, financial services, healthcare, industrials, information technology, and consumer goods.
4) Tata India Tax Savings Fund
Tata India Tax Savings Fund is an open-ended ELSS equity scheme that invests in equity and equity-related instruments. The investment objective of the Scheme is to generate long-term capital appreciation by investing primarily in equities and equity-related instruments.
The Scheme invests in stocks of companies across sectors, with a focus on companies with strong fundamentals, high growth potential, and good management. The Scheme also invests in stocks of companies that are listed on the Indian stock exchanges but have their registered office outside India.
Conclusion
A SIP is one of the most effective and cost-efficient ways to invest for the long term. If you have some recurring expenses, you can use that to invest in SIPs. You can reduce your burden of investment by creating a powerful plan by investing your money periodically.
Because it grows at an expected rate, you can use this as a guide for investing. It is much easier to manage compared to lump-sum investments since you are making only periodic investments in SIPs.
However, choose the best SIP to invest in for higher returns wisely as per your financial goals and risk profile.
Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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Research Analyst - Bavadharini KS
I'm a financial expert with a robust background in investment strategies, particularly in systematic investment plans (SIPs), mutual funds, and stocks. My expertise is built on a foundation of firsthand experience, continuous research, and a comprehensive understanding of market dynamics. I've successfully navigated various investment scenarios, staying abreast of the latest trends, fund performances, and risk factors.
Now, let's delve into the concepts used in the provided article on SIPs:
Systematic Investment Plans (SIPs): SIPs involve making regular payments into an investment account, which is then used to purchase shares of stock or mutual funds on a set schedule. The primary goal is to make small, regular investments over time, mitigating the impact of market fluctuations.
Large Cap Schemes: These schemes focus on large-cap stocks, aiming to provide high returns with lower risk. Notable examples mentioned in the article include Aditya Birla SL India GenNext Fund and ICICI Pru Top 100 Fund.
Mid-Cap Schemes: Mid-cap schemes offer potentially higher returns with increased volatility. Examples include Canara Rob Emerg Equities Fund and Sundaram Select Midcap.
Multi-Cap Schemes: These schemes invest across large, mid, and small-cap stocks, providing a balance between risk and returns. Aditya Birla SL Advantage Fund and HDFC Capital Builder Fund are highlighted in the article.
Equity Linked Savings Schemes (ELSS): ELSS are tax-saving mutual funds with a lock-in period. They offer the dual benefit of tax savings and potential wealth creation. Aditya Birla SL Tax Plan and Nippon India Tax Saver (ELSS) Fund-Growth are mentioned.
Factors to Consider Before Investing: The article emphasizes the importance of assessing risk appetite, setting investment goals and duration, and evaluating the performance of the chosen scheme.
Overview of Best SIPs: Detailed information is provided about specific SIPs, such as Aditya Birla SL India GenNext Fund, Aditya Birla SL Small & Midcap Fund, Aditya Birla SL Advantage Fund, and Tata India Tax Savings Fund.
Conclusion: The article concludes by reinforcing the efficacy of SIPs for long-term, cost-efficient investing. It highlights the need for careful consideration in selecting SIPs based on financial goals and risk profiles.
Disclaimer: The article includes a disclaimer stating that it is for educational purposes only, and the securities/investments mentioned are not recommendatory.
In summary, the article covers the basics of SIPs, provides insights into various categories of mutual funds, offers specific fund recommendations, and emphasizes the importance of due diligence and consideration of individual financial situations.
