Getting to invest your hard-earned money might seem like a unsettling task. However, with the right approach, it becomes a powerful means for achieving your financial goals.
SIPs (Systematic Investment Plans) are excellent choices and cater to short- and long-term objectives. With just Rs. 5000 per month, SIPs pave the way for disciplined investing and unlock the potential for compounded returns.
But what exactly are these SIP investments?
SIP is a method for investors to consistently put their money in mutual funds. Investors have to contribute a fixed amount at regular intervals over a set period of time.
Whether you’re dreaming of a new home, saving for your child’s education, or planning a stress-free retirement, a 10-year SIP could be the key.
To help you get started, we have come up with the top 5,000 Monthly SIP Plans that you must consider in 2024 to start your wealth-building journey.
Let’s dive in!
Top SIP Plans of 5,000 Per Month for 10 Years
If you must know, starting a SIP investment can be as affordable as Rs. 100. The advantage lies in spreading the risk over time instead of investing a lump sum. Here, we’ve compiled a list of the top 10 SIPs for monthly investments of Rs. 5,000:
Mutual Fund | Risk Involved | AUM (in Crores) | Returns (%) | Minimum SIP (in Rupees) |
ICICI Prudential Technology Fund | Very High | 12,249 | 28.08 | ₹100 |
Quant Active Fund | Very High | 8,143 | 33.67 | ₹1000 |
Aditya Birla Sun Life Corporate Bond Fund | Moderate | 20,838 | 8.19 | ₹105 |
Quant Large And Mid Cap Fund | Very High | 1,689 | 20.57 | ₹1000 |
Tata Digital India Fund | Very High | 9,702 | 21.86 | ₹100 |
Edelweiss Large Cap Fund | Very High | 718 | 15.54 | ₹100 |
Kotak Bluechip Fund | Very High | 7,447 | 12.43 | ₹1000 |
SBI Focused Equity Fund | Very High | 31,384 | 15.64 | ₹1000 |
UTI Flexi Cap Fund | Very High | 25,156 | 14.43 | ₹500 |
Axis Focused 25 Fund | Very High | 13,861 | 14.47 | ₹100 |
1. ICICI Prudential Technology Fund
ICICI Prudential Technology Fund, offered by ICICI Prudential Mutual Fund, belongs to the Sectoral-Technology category. This fund has a track record of over 11 years, and as of December 31, 2023, it manages assets worth ₹12,249 Crores, placing itself as a medium-sized fund in its category.
With an impressive annual return rate of 28.08%, ICICI Prudential Technology presents an attractive option for investors interested in technology-focused investments.
2. Quant Active Fund
Quant Active Fund, offered by Quant Mutual Fund, falls under the Multi Cap category and is one of the best 5000 SIPs for 5 years. Launched on January 1, 2013, this fund has a track record of over 11 years.
As of December 31, 2023, it manages assets worth ₹8,143 Crores, positioning it as a medium-sized fund in its category. With an impressive annual return rate of 33.67%, Quant Active Fund Direct-Growth is a noteworthy choice for investors seeking diversified investment opportunities.
3. Aditya Birla Sun Life Corporate Bond Fund
Aditya Birla Sun Life Corporate Bond Fund, a mutual fund scheme by Aditya Birla Sun Life Mutual Fund, boasts an AUM of ₹20,838 Crores. This fund has a steady track record of over 11 years.
It has no lock-in period and has been positioned as a moderate-risk fund. It has delivered an average annual return of 8.19% since its inception, making it a suitable option for investors.
4. Quant Large And Mid Cap Fund
Quant Large and Mid Cap Fund, managed by Quant Mutual Fund, is an investment option with an AUM of ₹1,689 Crores. It’s been around for over 11 years.
While it’s considered a bit on the riskier side, it has shown an average annual return of 20.57%. It’s been doubling the invested money approximately every 3 years, making it an attractive choice.
5. Tata Digital India Fund
Tata Digital India Fund, a Sectoral-Technology mutual fund by Tata Mutual Fund, has been around for 8 years and 2 months. With assets under management (AUM) totalling ₹9,702 Crores as of December 31, 2023, it’s considered a medium-sized fund in its category.
The fund has demonstrated an average annual return of 21.86% with a track record of doubling the invested capital every 4 years.
6. Edelweiss Large Cap Fund
Edelweiss Large Cap Fund, a Large Cap mutual fund scheme from Edelweiss Mutual Fund. It is one of the best SIPs and currently has an AUM of ₹718 Crores.
With an age of 11 years and 1 month, this fund is categorised as having a very high risk. Since its beginning, it has achieved an average annual return of 15.54%, demonstrating a track record of doubling the invested capital approximately every 4 years.
7. Kotak Bluechip Fund
Kotak Bluechip Fund, a scheme from Kotak Mahindra Mutual Fund, has been operational for 11 years and 1 month. Kotak Bluechip Fund Direct-Growth currently manages assets worth ₹7,447 Crores.
Recognised for its consistent return generation, this fund has delivered a 12.43% annual return in 70% of instances for investors holding for at least 5 years, making it a noteworthy choice in its category.
8. SBI-Focused Equity Fund
SBI Focused Equity Fund, a scheme from SBI Mutual Fund, has been active for 11 years and 1 month, currently managing assets worth ₹31,384 Crores.
Recognised for its ability to protect against volatility in its category, for every unit of risk this fund takes, it produces 20% more returns. With an impressive average annual return of 15.64%, this fund is a reliable choice for investors seeking stability and consistent performance.
9. UTI Flexi Cap Fund
UTI Flexi Cap Fund, a mutual fund scheme from UTI Mutual Fund, has a track record of 11 years and 1 month. As the second oldest Flexi Cap fund, it manages assets worth ₹25,156 Crores.
Over the last 1 year, UTI Flexi Cap Fund has provided returns of 18.55%. Since its establishment, the fund has delivered an average annual return of 14.43% and has demonstrated the ability to double the invested capital approximately every 4 years.
10. Axis Focused 25 Fund
Axis Focused 25 Fund, a Focused mutual fund scheme from Axis Mutual Fund. It is one of the top SIPs and has a history of 11 years and 1 month.
With assets under management amounting to ₹13,861 Crores as of December 31, 2023, it’s considered a medium-sized fund in its category.
Axis Focused 25 Direct Plan-Growth has provided returns of 24.65% in the last 1 year. Since the fund’s launch, it has delivered an average annual return of 14.47%, showcasing a consistent performance.
Final Words
Mutual funds offer a flexible and user-friendly option for diversifying investment portfolios. The key advantages include access to professionally managed portfolios spanning various investment categories, catering to different goals and risk preferences.
Investors can choose from various types like bond funds, money market funds, stock funds, index funds, and target-date funds, each designed with specific focuses.
Before opting for a Systematic Investment Plan, it’s crucial to consider your comfort level with risk and the duration of your investment plan.
While the blog post provides an overview of some top SIPs, conducting your own in-depth research won’t disappoint you. Additionally, don’t shy away from seeking advice from reliable financial experts, if needed, to help you make informed decisions.
