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Start SIP in Best Mutual Fund Plans in India

What is the best part about investing in a mutual fund? Well, it comes with a team of professional money managers who provide expert advice when it comes to managing the fund on your behalf. This relieves you off the stress and tension of managing your money. With professionals at hand, you will no longer be under the umbrella of constant worry about the safety of your money. Not only do professional money managers offer advice, but they also carefully allocate and restructure funds on a regular basis in order to maximize returns and stay aligned with the investment goals. Overall, this saves time and money.

If you do not have the technical know-how of how the share markets work, going for a mutual fund investment is an excellent option.

So how do you begin your very first mutual fund investment? Well you do so easily with the simplest platform - a systematic investment plan (SIP). A SIP is where you invest money in small amounts on a regular basis. It can be subscribed on a monthly basis with an amount as low as ₹500. This saves you from the financial burden of a lump sum investment which is not possible for everyone. Additionally, a SIP entitles you the benefit of rupee cost averaging. The entire process of SIP can be undertaken online within a few minutes. Once you have selected the date to begin your SIP, you have successfully become investment ready.

Now that you are aware of the basics, let us read about the best mutual funds available in India.

Check Out Some of the Best Mutual Funds Available

SBI Blue Chip Fund - Reg - G

This is one of the best fund houses of India. You can begin with a minimum investment of ₹5000 in the SBI Blue Chip Fund - Reg - G. Ranked by CRISIL as no 1 in the large cap category, this fund is primarily invested in equities and other money market related instruments.

TypeEquity/Large Cap
BenchmarkS & P BSE 100 TRI
Returns % 1yr-2.81
Returns % 3yrs8.74
Returns % 5yrs15.51
Fund ManagerSohini Andani
Asset Size (Crores)₹19906

Franklin India Equity Fund - G

Previously known as Franklin India Prima Plus

Franklin Templeton Mutual Funds are one of the oldest mutual fund providers in India. The Franklin India Equity Fund is composed of a diversified equity portfolio of small-cap, large and mid-cap stocks. The fund has declared a dividend every year (for the last 20 years) and is highly suited for long term capital appreciation.

TypeEquity/Multi Cap
BenchmarkNifty 50 Nifty 500
Returns % 1yr-3.10
Returns % 3yrs8.39
Returns % 5yrs16.02
Fund ManagerAnand Radhakrishnan, Janakiraman Rengaraju & Srikesh Karunakaran Nair
Asset Size (Crores)₹10956

Mirae Asset India Equity Fund - G

Previously known as Mirae Asset India Opportunities Fund

This is a diversified fund which entitles an investor flexibility to invest across market sectors, investment styles and themes. The investment objective of the fund is to generate long term capital gains by capitalizing on potential investment opportunities by investing in equities and equity related securities.

TypeEquity/Multi Cap
BenchmarkS & P BSE 200 TRI
Returns % 1yr1.96
Returns % 3yrs13.92
Returns % 5yrs18.64
Fund ManagerNeelesh Surana
Asset Size (Crores)₹9033

HDFC Mid-Cap Opportunities Fund - G

With a 94.09% of primary investment in equities, the investment objective of this fund is to provide long term capital gains by investing in mid-cap companies. It is ideal for a long term investment horizon.

TypeEquity/Mid Cap
BenchmarkNIFTY Midcap 100 TRI
Returns % 1yr-9.59
Returns % 3yrs10.92
Returns % 5yrs21.18
Fund ManagerChirag Setalvad
Asset Size (Crores)₹19702

ICICI Prudential Bluechip Fund - G

ICICI Prudential Bluechip Fund is an open-ended equity scheme focusing on investing in large capital stocks. If you are looking for growth and stability, this is an ideal fund to add to your investment portfolio. This fund also provides diversification across investment themes and various sectors.

TypeEquity/Large Cap
BenchmarkNIFTY Midcap 100 TRI
Returns % 1yr 0.51
Returns % 3yrs11.41
Returns % 5yrs14.23
Fund ManagerMr. Anish Tawakley and Mr. Rajat Chandak
Asset Size (Crores)₹18870

Aditya Birla Sun Life Frontline Equity Fund

This is an open ended scheme with an objective of long term capital growth by investing in a portfolio of 100% equity across different sectors or industries in order to generate income and dividend distribution. Whether you are new to equity investments or are a seasoned investor looking for growth of your investment, Aditya Birla Sun life Frontline Equity Fund is a great choice for you.

TypeEquity/Large Cap
BenchmarkNIFTY Midcap 100 TRI
Returns % 1yr 0.51
Returns % 3yrs11.41
Returns % 5yrs14.23
Fund ManagerMr. Anish Tawakley and Mr. Rajat Chandak
Asset Size (Crores)₹18870

Franklin India Prima Fund

This is one of the best schemes offered by Franklin Templeton Mutual Fund India as it comes with low risk and generates average returns for investors. Being an open-ended scheme, it has been ranked no 2 by CRISIL in the small cap category. This fund comprises of a diversified equity portfolio focusing primarily in the stock of early stage companies with a high growth potential.

TypeEquity/Mid Cap
BenchmarkNIFTY Midcap 150 TRI
Returns % 1yr -7.14
Returns % 3yrs10.43
Returns % 5yrs20.87
Fund ManagerR. Janakiraman / Hari Shyamsunder
Asset Size (Crores)₹6127

L & T Midcap Fund

L & T Mutual Fund is home to multiple top performing funds in India. The L & T Midcap Fund is an open ended low risk scheme but the returns are high. It primarily invests in mid cap stocks. This fund is suitable for investors looking for long term capital gains by investing in midcap equities and securities.

TypeEquity/Mid Cap
BenchmarkNIFTY Midcap 100 TRI
Returns % 1yr -10.31
Returns % 3yrs12.67
Returns % 5yrs24.75
Fund ManagerS. N. Lahiri / Vihang Naik
Asset Size (Crores)₹3438

Conclusion

In conclusion, we can clearly state that mutual funds are one of the best investment options available in today’s day and age. You can save a lot of time and effort by investing through the online mode. Invest now for a better future.

FAQs on Start SIP in Best Mutual Fund Plans in India

Which is the best SIP to invest in 2018?

The following is a list of top 10 SIP mutual funds for 2018 - ICICI Prudential Equity & Debt Fund, Motilal Oswal Multicap 35 Fund, L&T Tax Advantage Fund, ICICI Prudential Bluechip Fund, SBI Magnum MultiCap Fund, Aditya Birla Sun Life Tax Relief 96, L&T India Value Fund and SBI Bluechip Fund. You can select any one of these or more.

Is SIP a good investment option?

Yes, the SIP system of investment is a good option. It is pocket friendly as you can start with a minimum amount of ₹500. It inculcates the habit of savings via systematic and regular investment and you can enjoy the benefit of rupee cost averaging.

How can I start investing in SIP mutual funds?

You can start investing in SIP mutual funds of any fund house by visiting the official website. Here, you can apply online by creating an account and adding your bank details. Post account creation, you can simply select the date and time of your SIP and then it will begin automatically on a monthly basis.

Which bank provides best SIP?

All banks provide the facility of a SIP. What is best is the mutual fund. You can select the fund on the basis of your risk appetite and income in hand.

Is SIP tax free?

A SIP is just a mode of investment. The tax free component is applicable to an ELSS mutual fund. An ELSS plan entitles you a tax deduction up to ₹1.5 lakh under Sec 80C of the IT Act, 1961.