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  • Best SIP Mutual Funds

  • An SIP (Systematic Investment Plan) is a smart, hassle-free method of investing a fixed sum in a mutual fund scheme. It permits one to purchase units on a particular date every month in order to implement a saving plan. One can invest a particular prearranged amount at regular intervals that are chosen beforehand (quarterly, monthly, weekly, etc.). One of the biggest advantages of this plan is that it inculcates the habit of saving in the user so that they can start to build a respectable fund for the future.

    The saying ‘the early bird catches the worm’ holds true for an SIP, as you can benefit greatly from starting early. An important aspect of an SIP is the fact that maintaining it is hassle-free; your money will be auto-debited from your bank account each month and will also be invested into a mutual fund scheme of your choice. When you go for an SIP for your investing needs, there is no need to time the market. There is also a disciplined approach to investments. What’s more, you can take advantage of two powerful investment strategies: Power of Compounding and Rupee Cost Averaging.

    Why should you invest in an SIP?

    Did You Know?

    "As of August 2017, ICICI Prudential Mutual Fund is the fund with the most amount of money under management with an AUM of Rs.227,989 crore."
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    One of the prime reasons why you should invest in an SIP is because it brings a sense of discipline in your investments and cultivates regular saving habits. Saving small and regularly is the philosophy that an SIP revolves around. It enables the investor to build wealth over a long-term. Besides this, an SIP offers many other benefits. We’ve listed the most important ones, below:

    • Rupee Cost Averaging - SIPs can aid in averaging the cost return ratio. The equity market being volatile in nature will enable the investor to purchase more units when the price of shares are low and lesser units when the shares are priced higher. SIPs give regular investors the chance to garner more shares at low prices than investors who invest a large sum of money at once.
    • Power of Compounding - According to the principle of compound interest, any small amount of money when invested for a longer period of time can get compounded and fetch you good returns. As a result, the investor will be able to accumulate a large corpus and achieve long-term financial goals by investing small but at regular intervals.
    • Is not heavy on the wallet - Investment made through an SIP can be as low as Rs.500. Such a low amount will not burden your budget and over a period of time, this amount will grow to fetch you substantial returns.
    • Automated Payments - Even if you are someone who is regular when it comes to making investments, you may sometimes miss out on making the payments. An SIP eliminates this by automating the payments which means that every month, a predetermined amount will automatically be deducted from your bank account. So, there is no way that you would miss out on making the payments.
    • Funds can be used for emergencies - An SIP offers a one-click withdrawal option where you can withdraw the amount anytime you want. This fund can be used to meet any contingencies such as job loss, accidents, illnesses, etc.
    • Eliminates the need for timing the market - Since SIPs are regular investments, you do not have to worry about if the market is performing good or bad. Over time, even if there have been highs and lows, the performance of the fund will even out. This will ensure that irrespective of the market volatility, you will be able to enjoy good returns.

    How to achieve more with SIP?

    To derive maximum benefits from an SIP, ensure that you do the following:

    • Make a list of your goals and calculate the amount of saving you need to do to achieve your goals.
    • Determine how much amount you wish to invest monthly/quarterly through SIP in order to fulfill your goals.
    • Research the mutual fund market and check which funds have performed well over the past years. Once you have done that, you will be able to figure out which plan to invest in through an SIP.
    • All mutual fund investments require investors to complete the KYC documentation process along with other formalities like submission of cheques and forms. Complete the process and start investing.
    • To reap good returns on your investments, choose a plan on a long-term basis.
    • You can invest in multiple SIPs to diversify your investments and optimise the returns.

    How to choose the best mutual fund to SIP?

    With more than 5,500 mutual fund schemes available in India, choosing the right one to invest through an SIP is no easy task. The equity category alone has around 300 schemes and there are other categories such as debt and gold. Though finding the right mutual fund is not easy, below are some pointers that can help you navigate through the various options and choose the ideal one.

    • Objective of investment - All investments have an objective. It could be for buying a house, saving up for a marriage, going for a vacation, children’s education, etc. Depending on the goal, the investment can be for short-term or long-term. If you are saving for your children’s education or for your retirement, it will be a long-term goal but if you are saving up for buying a car, for example, it will be a short-term goal. If you’re looking at achieving your long-term goal, investing in equity funds can be a good option. For achieving short-term goals, you can invest in debt funds and money market funds. Before investing, ensure that you assess your objectives and align it with your risk appetite.
    • Knowledge about the fund house - The fund house is responsible for managing your money and you expect them to take care of your investments. While choosing a fund house, see to it that you have thorough knowledge about them because they are the ones who will take investment decisions on your behalf. Research about the fund house before investing through them by asking relevant questions like how many schemes they offer, what is the approach they follow while investing, does it offer innovative products, etc.
    • Performance of the fund - Fetching good returns is the ultimate objective of any investor. Therefore, before investing it is imperative that you research about the returns the fund has given over different periods and make a comparison of it with the benchmark index. You can find the information about how a fund has performed by doing a web search.
    • Expense ratios and loads - Though these costs are relatively small, they can make a huge difference in the returns when considered for a long term. Look for funds that are without or lower load prices and with low expense ratios. The information about load and expense ratios can be found in the scheme documents or fund fact sheets.
    • Experience of the fund manager - Apart from knowing about the fund house, it is also important that you do some research about the fund manager. Analyse how funds managed by him/her have performed especially when the markets encountered hard times. A good fund manager will manage your investments efficiently to help you achieve greater returns and hence, it is vital that the fund manager has expertise in a wide variety of investment categories.

    Best Performing SIP Mutual Funds

    Based on the above criteria, we have made a list of the best performing mutual funds that can be invested through an SIP in different categories of large-cap, small-cap, multi-cap, and equity-linked saving schemes.

    Large-Cap Schemes

    Schemes that invest in firms with a market capitalisation of over Rs.20,000 crore are known as large-cap schemes. They are ideal for investors who wish to accumulate wealth without exposing their investments to a volatile market. Below are the top performing large-cap schemes:

    Scheme Name 5-Year Monthly SIP 10-Year Monthly SIP
    Present Value of Rs.6 lakh Invested XIRR Present Value of Rs.12 lakh Invested XIRR
    Aditya Birla SL India GenNext Fund (G) Rs.10,48,446 22.95% Rs.35,27,792 20.63%
    Aditya Birla SL Top 100 Fund (G) Rs.9,43,785 18.53% Rs.28,56,912 16.69%
    ICICI Pru Dynamic Plan (G) Rs.9,46,152 18.64% Rs.28,57,413 16.69%
    ICICI Pru Top 100 Fund (G) Rs.9,41,591 18.43% Rs.27,57,958 16.02%
    Quantum LT Equity Fund (G) – Direct Plan Rs.9,15,695 17.27% Rs.28,82,955 16.86%
    Reliance Growth Fund (G) Rs.10,75,057 24.01% Rs.30,73,348 18.05%
    SBI BlueChip Fund – Reg (G) Rs.9,55,955 19.07% Rs.28,57,343 16.86%
    Tata Equity P/E Fund (G) Rs.11,49578 26.86% Rs.34,73,254 20.34%
    Templeton India Growth Fund (D) Rs.10,16,220 21.63% Rs.28,65,778 16.74%

    Mid-Cap Schemes

    Mid-cap schemes invest in companies that have a market capitalisation ranging between Rs.500 crore to Rs.10,000 crore. Investors with high risk appetite and wanting to grow their investments at a fast pace should invest in these kinds of schemes. Below are the best performing funds in this segment:

    Scheme Name 5-Year Monthly SIP 10-Year Monthly SIP
    Present Value of Rs.6 lakh Invested XIRR Present Value of Rs.12 lakh Invested XIRR
    Aditya Birla SL Small & Midcap Fund (G) Rs.13,23,508 32.92% Rs.42,18,830 23.96%
    Canara Rob Emerg Equities Fund – Reg (G) Rs.13,14,645 32.63% Rs.48,38,179 26.51%
    Edelweiss Mid and Small Cap Fund – Reg (G) Rs.12,64,097 30.93% Rs.42,94,253 24.29%
    Franklin India Smaller Cos Fund (G) Rs.12,77,332 31.38% Rs.47,29,377 26.09%
    L&T Midcap Fund – Reg (G) Rs.13,37,343 33.37% Rs.43,89,015 24.70%
    Sundaram Select Midcap (G) Rs.12,11,517 29.10% Rs.41,04,930 23.45%

    Multi-Cap Schemes

    This type of scheme invests in stocks of large, mid, and small companies and are ideal for investors with low risk appetite. Below are the top performing schemes in this category:

    Scheme Name 5-Year Monthly SIP 10-Year Monthly SIP
    Present Value of Rs.6 lakh Invested XIRR Present Value of Rs.12 lakh Invested XIRR
    Aditya Birla SL Advantage Fund (D) Rs.10,86,635 24.46% Rs.31,54,786 18.54%
    Aditya Birla SL Equities Fund (G) Rs.10,62,428 23.51% Rs.31,32,942 18.41%
    DSPBR Opportunities Fund – Reg (G) Rs.10,59,532 23.39% Rs.31,22,204 18.35%
    Franklin India High Growth Cos Fund (G) Rs.10,62,666 23.52% Rs.35,15,164 20.56%
    HDFC Capital Builder Fund (G) Rs.10,47,417 22.91% Rs.32,39287 19.03%
    IDFC Premier Equity Fund – Reg (G) Rs.10,04,444 21.12% Rs.34,70,007 20.32%
    Kotak Opportunities Fund (G) Rs.10,01,061 21.00% Rs.28,94,647 16.93%
    L&T India Spl. Situations Fund – Reg (G) Rs.10,29,111 22.16% Rs.31,77,810 18.68%
    Principal Growth Fund (G) Rs.11,13,167 25.49% Rs.31,94,146 18.77%
    Reliance Reg Savings Fund – Equity Option (G) Rs.10,44,421 22.78% Rs.30,31,976 17.80%
    Reliance Top 200 Fund (G) Rs.9,86,966 20.40% Rs.28,70,308 16.77%
    SBI Emerging Business Fund – Reg (G) Rs.10,47,848 22.92% Rs.37,02,130 21.53%
    SBI Magnum Multicap Fund – Reg (G) Rs.1060,999 23.45% Rs.29,99,412 17.60%
    SBI Magnum Multiplier Fund – Reg (D) Rs.10,31,727 22.27% Rs.30,93,165 18.17%
    Sundaram Rural India Fund (G) Rs.11,39,195 26.47% Rs.32,79,043 19.26%

    Equity-Linked Savings Schemes

    Equity-Linked Savings Schemes is an equity-centric mutual fund that can help the investor save tax as well as build wealth. The top performing funds in this category are given below:

    Scheme Name 5-Year SIP 10-Year SIP
    Present Value of Rs.6 lakh Invested XIRR Present Value of Rs.12 lakh Invested XIRR
    Aditya Birla SL Tax Plan (D) Rs.10,60,921 23.45% Rs.31,52,856 18.53%
    Aditya Birla SL Tax Relief ’96 (ELSS U/S 80C of IT Act) (D) Rs.10,78,500 24.14% Rs.31,92,955 18.77%
    DSPBR Tax Saver Fund – Reg (G) Rs.10,47,913 22.93% Rs.32,18,953 18.92%
    Invesco India Tax Plan (G) Rs.10,10,072 21.38% Rs.32,03,378 18.83%
    L&T Tax Advt Fund – Reg (G) Rs.10,56,510 23.27% Rs.31,65,438 18.60%
    Reliance Tax Saver (ELSS) Fund (G) Rs.11,18,452 25.69% Rs.36,32,707 21.17%
    Tata India Tax Savings Fund – Reg (DP) Rs.10,82,096 24.28% Rs.32,57,362 19.14%

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    GST rate of 18% applicable for all financial services effective July 1, 2017.

    News About Best SIP Mutual Funds

    • Rs.7,554 crore collected through SIP in May 2018 touching a record high

      The month of June saw a massive increase in the collections of monthly SIPs (Systematic Investment Plan) for mutual funds. A total of Rs.7,554 crore was collected in June and there was an increase of Rs.250 crore over the sum collected in May. Since the last few years, there has been a steady rise in the SIP collections except in March 2018, when the numbers marginally dipped to Rs.7,119 crore and to Rs.6,690 crore in the month of April 2018. With securities like gold offering only a 1% annualised return in 5 years, real estate not fetching impressive returns, and banks not hiking their deposit rates, investors are adopting the SIP route to invest in equity mutual funds to park their capital in.

      Most investors are allocating their capital mostly in hybrid and equity-oriented mutual funds through monthly SIPs which has seen a leap to Rs.2,719 crore in March 2016 from Rs.1,206 crore in March 2014 and in June 2018, the numbers touched a record high of Rs.7,553 crore. Many financial advisers suggest investors to link their long-term goals to their SIPs which will encourage them to invest for a longer duration and help them accumulate wealth over time.

      17 July 2018

    • Vakrangee Limited makes Partnership with Reliance Mutual Fund Official

      Vakrangee Limited has formed an alliance with Reliance Nippon Life Asset Management Limited and will be offering mutual funds to Indian citizens on the basis of their PAN.

      The agreement between the two companies will permit Vakrangee to offer mutual funds through its Nextgen Vakrangee Kendras and Reliance will help expand the reach of these offerings to the unserved and unreached areas.

      The partnership will increase the Vakrangee Limited’s reach to various sectors of the country in terms of the services it offers.

      13 July 2018

    • BSE CEO stressed the importance of supporting SMEs and start-ups

      Ashishkumar Chauhan, the CEO and MD of Bombay Stock Exchange, stressed on the necessity of supporting the start-ups and SMEs in India. According to him, some of these organisations have the ability to turn into big entrepreneurs like Reliance Industries and Infosys in future as those have also started at a very small level. Even after knowing that there is a risk in raising funds for the start-ups and SMEs listed on their platforms, he feels that these potential firms should be given proper support as they have the potential of building wealth in the coming days. He is hopeful that out of 1 lakh start-ups and SMEs in the country, at least 75% might survive and if it happens then they can create a significant amount of wealth in the future.

      12 July 2018

    • Stocks of TCS show signs of positivity at the start of FY19

      Software firm Tata Consultancy Services (TCS) recorded outstanding results for the quarter ended June reporting a growth of 6% in net profit and 23.5% on a sequential and Year-on-Year (YoY) basis respectively. The firm recorded a net profit of Rs.6,904 crore while the generated revenues stood at Rs.32,075 crore in March 2018. These numbers are said to be much higher than the numbers estimated by analysts. The stocks of TCS has been hitting all-time highs of over 40% and are expected to be higher in the upcoming weeks.

      The rise in the price of stocks is attributed to the growth of TCS in the North America Market due to a rebound in its BFSI and retail verticals. Rs.4 per share was declared as an interim dividend by the company.

      11 July 2018

    • Equity mutual funds see a slowdown in inflows in the month of June 2018

      With the elevated volatility in the equities market, equity mutual funds saw inflows slowing down in the month of June 2018. The net inflows were recorded at just Rs.9,660 crore in June as against Rs.11,171 crore in April and Rs.11,350 crore in May. These numbers were revealed by the Association of Mutual Funds in India (AMFI) who also further revealed that the monthly average of inflows has come down to Rs.10,727 crore in the current year as opposed to the monthly average of Rs.14,200 crore during the last year.

      According to market experts, the drop in inflows in equity mutual funds including arbitrage and ELSS (equity-linked savings schemes) is attributed to the unpredictability in the equity markets. The inflows in equity funds recorded its lowest level in 13 months, showing inflows of Rs.6,657 crore in March this year. This decline was a result of the redemption of funds by investors to avoid the LTCG (Long Term Capital Gains) tax which was effective for transaction done post 1 April 2018.

      10 July 2018

    • Equity mutual funds see a slow down in inflows

      As per a report from the Association of Mutual Funds in India (AMFI), domestic savers have shifted their focus from investments in equity mutual funds to Fixed Deposit (FD) schemes and small savings schemes. This shift is due to the upward revision of rates on these schemes by the government and also due to the mediocre performance of the equity market during the initial half of 2018. The reduction in equity inflows has also been aggravated by the negative outlook of stocks. The weakening rupee, the rise in the price of crude oil, and the uncertainty that may creep up ahead of the next general elections, all of these factors are likely to pose a grim image of the equity market.

      The equity-linked savings scheme (ELSS) and equity mutual funds saw a drop in inflows to Rs. 8,660 crore in June 2018 from Rs.11,350 crore in May 2018. Around Rs.7,304 crore alone was collected in May 2018 through SIP (Systematic Investment Plan). Balanced funds, on the other hand, saw inflows of Rs.1,482 crore in June 2018 from Rs.2,666 crore in May 2018.

      9 July 2018

    • Asia Healthcare Holdings receives funding from Temasek-owned Sheares Healthcare

      Investor and healthcare delivery service provider Sheares Healthcare has agreed to invest $50 million in Asia Healthcare Holdings (AHH), a healthcare platform. AHH has been founded by TPG growth, a private equity giant in the US and focuses its investments in healthcare segment mainly in South Asia and India. TPG Growth has earlier invested $68 million on AHH and with the recent funding, the total funding of the company has now reached $118 million. AHH aims to exploit investment opportunities in healthcare businesses of single speciality and the funding received will be leverage to diversify and grow the platform.

      The portfolio of AHH at the moment consists of Bengaluru-based Rhea Healthcare Pvt. Ltd., a network of single-speciality cancer hospitals across South Asia, and Cancer Treatment Services International (CTSI). Rhea Healthcare Pvt. Ltd. operates a chain of hospitals catering to women and child care under the brand name ‘Motherhood’. Since its partnership with TPG Growth and AHH in 2016, the Motherhood network has now expanded to 7 cities from a single facility.

      6 July 2018

    • Registration of KJMC Mutual Fund cancelled by SEBI

      The Securities and Exchange Board of India, SEBI, cancelled the registration request made by KJMC Mutual Fund on 20th June 2018. It also withdrew the approval granted to KJMC Mutual Fund Company to function as an Asset Management Company (AMC) to the concerned mutual fund earlier. According to SEBI, as a consequence of the rejection, the KJMC Mutual Fund, KJMC Investment Trust Company Ltd (Trustee Company) and KJMC Asset Management Company Ltd can't conduct any activity as a mutual fund, asset management firm, and trustee company from now on.

      Earlier, in the month of May, this regulatory authority of mutual funds in India has also cancelled the registration certificate of JP Morgan Mutual Fund after the transfer of its schemes to Edelweiss Mutual Fund. It has also revoked the approval granted to JP Morgan Asset Management India to perform as an AMC to JP Morgan Mutual Fund was also revoked by SEBI.

      22 June 2018

    • Record-breaking amount of Rs.7,304 crore collected through SIPs in May

      According to the latest AMFI data, the mutual fund sector in India garnered a record high amount of Rs.7,304 crore through Systematic Investment Plans (SIPs) in the month of May 2018. In fact, the amount collected by mutual fund in May is 9% higher than the amount collected in the month of April. With this, the total worth of SIP accounts now stand at 2.23 crore.

      SIPs allow the investors to contribute a small fixed amount of money on a periodic basis across weekly, quarterly and monthly durations. It is like a recurring deposit where the customers can deposit a fixed small amount every month. These mutual fund plans can be started at a minimum investment of Rs.500 in a month. Owing to this convenience of investing, SIPs are becoming increasingly popular in the country with more number of investors starting SIPs every month.

      As per the AFMI report, the mutual fund segment in India has added around 9.58 lakh of SIP accounts every month on an average during fiscal 2018-19 with around Rs.3,275 of contribution in each SIP account.

      19 June 2018

    • SEBI regulations makes it easy for investors investing in mutual funds

      The mutual fund industry, over the last few years have achieved stellar growth, managing more than Rs.21.36 trillion worth of assets. This threefold increase has been achieved over the last 5 years, from 2013 to 2018. With the expansion in the industry, the participation of retail investors as well as institutional investors have also grown and as of now, more than 7 crores of folios are managed by the industry. However, with time the complexity of the industry has also increased posing confusion for many investors. The segment is flooded with schemes in the category of - debt funds, equity funds, hybrid funds, etc. and also, there are numerous AMCs (Asset Management Company) offering various schemes, all of which adds up to the confusion.

      To provide some relief, the Securities and Exchange Board of India (SEBI) comes up with regulations and amendments from time to time. These regulations make the lives of the investors and the AMCs easier. As per one regulation, mutual fund houses are required to benchmark the performance of a scheme to the TRI (Total Return Variant), of the index. This will give investors a clarity on a fund’s performance.

      1 June 2018

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