If you’re serious about building a huge corpus to meet your future financial goals, you will NEED to carefully select and invest your hard-earned money in the best SIP plans available.
We’re sure you’re wondering:
“Why SIP Investment?”
Here’s your answer: After demonetization,SIP investments Plans have emerged as the less risky investment instruments that provide capital security by hedging the risk of inflation. No wonder, SIP investment has become the go-to investment instrument for investors who want to generate attractive returns, without risking their capital investment.
And that’s not all: some of the best SIP plans have consistently generated annual returns of approximately 20% for the last two decades.
No wonder: A report by AMFI revealed that the Mutual Fund industry added an average of 10.07 lacs SIP accounts each month, with average SIP size of around ₹3,200 per SIP account in FY 2018-19.
But here’s the deal: There are hundreds of SIP plans available in the market and taking the best pick remains a cumbersome task even for the most seasoned of investors.
In this post, we will present to you the best SIP plans in India for FY2018-19 to help you take the best pick.
Before we jump guns and discuss in details about the best SIP plans in India for SY2018-19, let’s first get acquainted with these SIP plans.
Best SIP Plans for FY2018-19*:
|S.No.||SIP Plan Name||Plan Category||Assets Under Management (INR)||1-Year Annual Returns||3-Year Annual Returns||5-Year Annual Returns|
|1||ICICI Prudential Bluechip Fund||Equity: Large Cap||19,836 crore||11.53%||14.36%||18.18%|
|2||DSP Blackrock Tax Saver||Equity: ELSS||4,750 crore||2.59%||13.32%||20.69%|
|3||Franklin India Equity Fund||Equity: Multi Cap||12,330 crore||7.51%||11.06%||20.46%|
|4||Axis Long Term Equity Fund||Equity: ELSS||18,752 crore||10.83%||12.28%||24.57%|
|5||HDFC Equity Fund||Equity: Multi Cap||22,798 crore||9.04%||12.74%||19.90%|
*This list is in no particular order of ranking. 3 /5 year returns are annualised. *Data is based on NAV of direct-growth Fund schemes as on 27th September, 2018. AUM is as on Aug 31, 2018.
Now let’s discuss about these top 5 best SIP plans in India for SY2018-19 in details.
Let’s do this.
1. ICICI Prudential Bluechip Fund
This is one of the most sought-after and popular SIP investment funds available in the large-cap category.The objective of this popular SIP plan is to help investors generate long-term capital appreciation by investing predominantly in equity and equity related stocks of large cap companies. Presently, this SIP plan invests, approximately 95%, of its funds into large cap company stocks to help investors achieve stable and consistent long term capital appreciation. The investment under this SIP plan is made in 20 top companies, listed on NSE (National Stock Exchange), on the basis of market capitalization. With its proven track record of generating higher and attractive returns for the investors, ICICI Bluechip Equity Fund makes it easy to understand why it consistently remains the top choice when it comes to SIP investments in India.
2. DSP Blackrock Tax Saver
Yet another top-rated SIP plan available for investors looking to invest their hard-earned money in ELSS category is DSP Blackrock Tax Saver. The objective of this popular SIP plan is to ensure medium to long-term capital appreciation. DSP Blackrock Tax Saver invests in diversified portfolio of equity and corporate stocks. In addition, this plan also allows investors to avail income tax deduction. Typically, this plan invests 65 to 75% in large-cap equity and around 20-25% in mid-cap funds. Quite expectedly, it has consistently outperformed all other SIP schemes in both 3 year and 5 year returns on investment category.
3. Franklin India Equity Fund
Franklin India Equity Fund is one of the best SIP plans available in India. With the backing of one of India’s leading Mutual Fund Companies, Franklin India Mutual Fund AMC, this SIP plan endeavours to offer capital appreciation by investing in equity, debt and money market instruments. The plan invests 65-75% of funds in large-cap stocks, 20-30% in mid-cap stocks and 5-8% in small-cap stocks. At present, the scheme invests more than 75% in large cap stocks. Franklin India Prima Plus Fund is known for offering ROI of more than 18%-19% for 3 years and 5 years investment period, respectively.
4. Axis Long Term Equity Fund
Axis Long Term Equity Fund consistently ranks alongside some of the best SIP plans amongst investors who wish to generate attractive returns and also save their taxes at the same time. The plan primarily invests in a diversified portfolio of equity and equity related securities in order to provide regular long-term capital appreciation. The extraordinary performance of this SIP plan is evident from the fact that it has managed to offer attractive returns on investment for over a decade now. With 3-year and 5-year returns in the tunes of over 17%-23%, this tax saving ELSS scheme has long been one of the top choices for investors of all age, budget and preferences.
5. HDFC Equity Fund
HDFC SIP plans are perhaps the most popular and sought after SIP schemes in India. And when it comes to the best SIP plans offered by HDFC Mutual Fund AMC, HDFC Equity Fund is the name to reckon with. The objective of this SIP plan is to provide investors with long-term appreciation by investing into equity stocks of companies with fairly higher market capitalization. At present, the plan majorly invests, as much as 75%, into large-cap equity stocks. With its consistent performance, this SIP plan remains one of the top SIP plans that investor, looking to quickly generate huge returns on investment, can opt for
Now It’s Your Turn!
Now that you know the top 5 best SIP plans in India for FY2018-19, it’s time to put the learning into practice and get started with SIP investments to generate lucrative returns on investment and meet future financial goals effortlessly. But before you jump guns, do well to understand that SIP investments yield great results only when you keep a long-term investment horizon. Also, it makes sense to keep an eye on your SIP investment from time to time.