Investing early is the key to build a big wealth corpus in future and SIP or Systematic Investment Plan allows you to achieve this goal.
But when we are investing for our future no matter whether it’s a small start or big, we should make sure that the SIP plan we are investing suits our needs and help to achieve our goals.
Hence, here is a list of 10 Best SIP Plans For 1000 Per Month of 2024 in which you can invest for 3 Years, 5 Years or for longer time horizon like 10-20 Years.
Do remember longer you will stay invested higher your return will be hence, focus on investing for minimum 10 years.
So, let’s get started!
SIP or Systematic Investment Plan is a disciplined investing approach where you can start investing from as low as 1000 on a regular period like every month in any mutual funds of your choice.
This way you can start your investing journey in a very young age and can build a huge wealth corpus in future with step up sip starting from very small.
Most Indians today who are just starting out, can’t afford to invest a big amount in one shot especially when they are starting their earning journey.
| SIP Plan | Fund Size | Last 5 Years Average Annual Return |
| Motilal Oswal Midcap Direct Growth | ₹14,446 Crore | 36.2% |
| ICICI Prudential Infrastructure Fund Direct Plan Growth | ₹6,143 Crore | 33.3% |
| Nippon India Power & Infra Fund Direct Growth | ₹7,638 Crore | 32.9% |
| Nippon India Small Cap Fund Direct Growth | ₹60,373 Crore | 39.1% |
| HDFC Mid Cap Opportunities Fund Direct Growth | ₹75,382 | 31.9 |
| Axis Small Cap Fund Direct Growth | ₹75,382 Crore | 31.9% |
| Bandhan Small Cap Fund Direct Growth | ₹6,640 Crore | 43% (In Last 4 Years) |
| Quant Small Cap Fund Growth Option Direct Plan | ₹25,535 Crore | 20.6% |
| JM Flexicap Fund Direct Growth | ₹3,855 Crore | 29.25% |
| Quant Flexi Cap Fund Direct Growth | ₹7,710 Crore | 37.78% |
Motilal Oswal Midcap Direct Growth fund is a equity oriented hybrid fund where it has allocated over 76% of its total fund into three sectors tech, industrial, and consumer cyclical. At the time of writing this fund is managed by Niket Shah.
Top 5 Holdings: As of today are Kalyan Jewellers India Ltd (9.65%), Polycab India, Persistent Systems Ltd, Jio Financial Services Ltd, Coforge Ltd
Key Features of This Fund
| Expense ratio | 0.58% |
| Exit Load | 1% (If sold before 1 Year) |
| AUM | ₹14,446 Crore |
| Inception Date | 24 February, 2014 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Current NAV | ₹121.25 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 26.6% From Starting |
| 1 Year Return | 70.7% |
| Risk | High Risk |
ICICI Prudential Infrastructure Fund Direct Plan Growth is equity mutual fund with having its 93.8% of allocation in equities while 4.5% is invest cash equivalent instrument and rest 1.1 in debt instruments. They have allocated around 48% of the money in Large Cap stocks, 28.9% in Small Cap and rest 15.2% in Mid Cap and it is managed by Ihab Dalwai.
Top 5 Sector Allocation: This fund has allocated it’s 95.3% of its fund value in these sectors Industrial (33%), Basic Materials (21%), Financial Services (17.5%), Utilities (16%) and Energy (7.8%)
Top 5 Holdings: As of today are Larsen and Tubro Ltd, NTPC Ltd, ICICI Bank Ltd, HDFC Bank Ltd, Kalpataru Projects International Ltd
| Expense ratio | 1.18% |
| Exit Load | 1% (If sold within 15 Days) |
| AUM | ₹6,143 Crore |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹100 |
| Current NAV | ₹214 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 19% From Starting |
| 1 Year Return | 59.2% |
| Risk | High Risk |
Nippon India Power & Infra Fund Direct Growth is equity mutual fund with having its 98.6 of allocation in equities while rest 1.4 in debt instruments. They have allocated around 48.1% of the money in Large Cap stocks, 26.9% in Small Cap and rest 23.5% in Mid Cap and it is managed by Kinjal Desai and Sanjay Doshi.
Top 5 Sector Allocation: This fund has allocated it’s 84.3% of its fund value in these sectors Industrial (44%), Utilities (14.5%), Basic Materials (10.8%), Communication (7.7%), and Energy (7.3%)
Top 5 Holdings: As of today are Larsen and Tubro Ltd, Reliance Industries Ltd, NTPC Ltd, Kaynes Technologies India Ltd, Bharti Airtel Ltd
| Expense ratio | 0.98% |
| Exit Load | 1% (If sold before 1 Month) |
| AUM | ₹7,638 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹100 |
| Current NAV | ₹399.62 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 17.6% From Starting |
| 1 Year Return | 61.8% |
| Risk | High Risk |
Nippon India Small Cap Fund Direct Growth is Small Cap based equity mutual fund with having its 96% of allocation in equity while rest 4.1% in cash equivalent instruments. Being a small cap fund they majorly focus on investing in Small Cap Stocks in order to generate highest return possible but due to this they are highly volatile and risky. This fund is managed by Kinjal Desai, Samir Rachh and Tejas Sheth.
Top 5 Sector Allocation: This fund has allocated it’s 79.4% of its fund value in these sectors Industrial (31%), Financial Services (13.7%), Basic Materials (12.4%), Consumer Cyclical (12.3%), Tech (10%)
Top 5 Holdings: As of today are HDFC Bank Ltd, Tube Investments of India Ltd, MCX Ltd, Voltamp Transformers, Apar Industries Ltd.
| Expense ratio | 0.65% |
| Exit Load | 1% (If sold before 1 Year) |
| AUM | ₹60,373 Cr |
| Inception Date | 1 January, 2013 |
| Min SIP | ₹100 |
| Current NAV | ₹202.7 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 28.3% From Starting |
| 1 Year Return | 49% |
| Risk | High Risk |
HDFC Mid Cap Opportunities Fund Direct Growth is Mid Cap based equity mutual fund that need to maintain its minimum 65% of allocation in Mid Cap Stocks itself. Being a Mid cap fund they are highly volatile and risky then Large Cap funds. This fund is managed by Chirag Setalvad.
Top 5 Sector Allocation: This fund has allocated it’s 81.1% of its fund value in these sectors Financial Services (25.7%), Consumer Cyclical (17.6%), Health (13.6%), Industrial (12.8%), Tech (11%)
Top 5 Holdings: As of today are Indian Hotels Co Ltd, Max Financial Services Ltd, The Federal Bank, Ipca Laboratories Ltd, Hindustan Petroleum Corp Ltd.
| Expense ratio | 0.72% |
| Exit Load | 1% (If sold before 1 Year) |
| AUM | ₹75,382 Crore |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Current NAV | ₹212 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 23% From Starting |
| 1 Year Return | 48.9% |
| Risk | High Risk |
Axis Small Cap Fund Direct Growth is Small Cap based equity mutual fund that need to maintain its minimum 65% of allocation in Small Cap Stocks itself. There main focus is to provide the high returns to the investors by investing in Small Cap companies and for that they take high risk bets. This fund is managed by Chirag Setalvad.
Top 5 Sector Allocation: This fund has allocated it’s 81.1% of its fund value in these sectors Industrial (24.9%), Financial Services (17.3%), Consumer Cyclical (13%), Basic Materials (12%), Health (9.6%).
Top 5 Holdings: As of today are Blue Star Ltd, Brigade Enterprises Ltd, Cholamandalam Finance Holdings Ltd, Krishna Institute of Medical Sciences Ltd, Kaynes Teachnologies Ltd.
| Expense ratio | 0.54% |
| Exit Load | 1% (If sold before 1 Year) |
| AUM | ₹23,772 Crore |
| Inception Date | 5 December, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Current NAV | ₹124 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 23% From Starting |
| 1 Year Return | 41.2% |
| Risk | High Risk |
Bandhan Small Cap Fund Direct Growth is a Small Cap based equity mutual fund that was started after the COVID. This is a very young fund compared to others focusing to beat the inflation by heavily allocating most of the fund in Small cap stocks. This fund is managed by Manish Gunwani.
Top 5 Sector Allocation: This fund has allocated it’s 76.1% of its fund value in these sectors Financial Services (21.4%), Industrial (16.8%), Consumer Cyclical (13.8%), Basic Materials (12.6%), Health (11.5%).
Top 5 Holdings: As of 14 September 2024, they are Cholamandalam Finance Holdings Ltd, PCBL Ltd, Indus Tower Ltd, LT Foods Ltd, REC Ltd
| Expense ratio | 0.35% |
| Exit Load | 1% (If sold before 1 Year) |
| AUM | ₹6,640 Crore |
| Inception Date | 26 February, 2020 |
| Min Lumpsum/SIP | ₹1000/₹100 |
| Current NAV | ₹52 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 23% From Starting |
| 1 Year Return | 78.5% |
| Risk | High Risk |
Quant Small Cap Fund Direct Growth is an equity mutual fund that focus to provide high return while taking a bit higher risk and still trying to preserve the capital by allocating 84% of its fund in equity and 14% of fund in cash equivalent instruments. This is one of the most popular fund currently and it is managed by Sanjeev Sharma, Ankit A. Pande.
Top 5 Sector Allocation: This fund has allocated it’s 60.5% of its fund value in these sectors Energy (16.2%), Financial Services (15.8%), Consumer Cyclical (13.8%), Health (12.4%), Basic Materials (12.3%).
Top 5 Holdings: As of 14 September 2024, they are Reliance Industries Ltd, Jio Financial Services Ltd, HFCL Ltd, Aegis Logistics Ltd, Bikaji Foods International Ltd.
| Expense ratio | 0.64% |
| Exit Load | 1% (If sold before 1 Year) |
| AUM | ₹25,535 Crore |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Current NAV | ₹305 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 20.6% From Starting |
| 1 Year Return | 56% |
| Risk | High Risk |
Unlike other funds JM Flexicap Fund Direct Growth is an equity based flexi cap mutual fund that means they are not restricted by market capitalisation of any company. They can invest in larger cap, mid cap, or small cap in order to achieve the highest possible returns and they tend to take higher risks.
This fund currently is managed by Gurvinder Wasan.
Top 5 Sector Allocation: As of 14 September 2024, this fund has allocated it’s 80.8% of its fund value in these 5 sectors Industrial, Financial Services, Basic Materials, Consumer Cyclical, Tech.
Top 5 Holdings: As of 14 September 2024, they are REC Ltd, Larsen & Toubro Ltd, Dr Reddy’s Laboratories Ltd, Infosys Ltd, HDFC Bank Ltd.
| Expense ratio | 0.41% |
| Exit Load | 1% (If sold before 30 Days) |
| AUM | ₹3,855 Crore |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹1000/₹100 |
| Current NAV | ₹121.9 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 20.6% From Starting |
| 1 Year Return | 60.51% |
| Risk | High Risk |
Quant Flexi Cap Fund Direct Growth is the biggest wealth generator equity mutual fund that has given a whopping 37.8% Compound Annual Growth Rate to its investors, while in 1 year or 3 years time period it lacked a bit as compared to some other mutual funds I mentioned above. It is a flexi cap fund with it’s majority of fund value currently allocated in large cap companies.
This fund currently is managed by Sanjeev Sharma, Ankit A. Pande.
Top 5 Sector Allocation: As of 14 September 2024, this fund has allocated it’s 82.7% of its fund value in these 5 sectors Consumer Defensive, Consumer Cyclical, Financial Services, Energy, Utilities.
Top 5 Holdings: As of 14 September 2024, they are Reliance Industries Ltd, ITC Ltd, Samvardhana Motherson International Ltd, Adani Power Ltd, Life Insurance Corporation of India.
| Expense ratio | 0.59% |
| Exit Load | 1% (If sold before 15 Days) |
| AUM | ₹7,710 Crore |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Current NAV | ₹120.76 (as of 14 September 2024) |
| Compounded Annual Growth Rate | 22.1% From Starting |
| 1 Year Return | 53% |
| Risk | High Risk |
*Mutual Fund Disclaimer – All the above mentioned mutual funds for best sip plans in india are selected based on their past performance while past performance is not a guarrantee of the future returns. Hence, do consult your financial advisor because mutual funds investment are subject to market risk.
If you are investing with long term horizon of 10-20 years minimum then we will suggest to invest in Mid Cap and Small Cap based fund from above as they are highly volatile and risky but in long term they are the one that tends to provide the highest returns.
If you are investing for with 3-5 years time horizon then we will suggest you to invest 60% of your money in Large Cap Funds, and split the rest 40% into 2 equal parts for investing in Mid Cap and Small Cap funds because sip plan for 3 years or 5 years are tend to be risky and can perform low depending upon the market conditions but in long term 10-20 years they tend to build a wealth for the investors.
Here is the list of best SIP plan in which you can start doing SIP from just 1000 per month.
While instead of investing in one particular fund I will highly suggest you to spread your investment in 3-5 funds that way the chances of loosing your money decreases.
If you are looking for best SIP plans for 3 years or 5 years, I will highly advice you to allocate the maximum portion in large cap mutual fund as they are less volatile and hence less risky
All the above funds are equity based funds hence, they are highly risk and high rewarding funds while if you wanted something with low risk then you can checkout fixed income mutual funds.
Also, do remember none of the above SIP is tax free, the taxation on SIP are dependent on what type of mutual fund you are investing in, while above all the funds are equity based funds.
To know more about taxation you can read our article on how mutual funds are taxed?
Disclaimer: The Honest American provides stock market news and strategies for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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