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Top Indian SIP Mutual Funds for 2022 Investing
05 Jan 2023

Systematic Investment Plans are growing in popularity with every passing year. They effectively counteract stock market volatility by allowing you to invest small amounts of money regularly over a period of time. If you’re someone who is interested in starting an SIP in the near future, then this article is for you. Here are some of the best SIP mutual funds that you can invest in right now.

Motilal Oswal Midcap 30 Direct Growth 

Started in the year 2014, this mutual fund by Motilal Oswal invests in 30 different companies in the midcap segment. With a total Assets Under Management (AUM) of about Rs. 2,919 Crores, this mutual fund invests around 91.5% of its total fund in equity and about 8.5% in debt and cash. 

The mutual fund’s NAV currently stands at around Rs. 53.7 as on August 16, 2022 and it has given a CAGR of 22% since its inception. The 3 year return is around 28.69%, whereas the 5 year return is around 16.29%. The Motilal Oswal Midcap 30 Direct Growth fund is the perfect SIP investment for moderate risk takers. 

Canara Robeco Small Cap Fund Direct Growth

Ideal for risk aggressive investors, this mutual fund by Canara Robeco invests primarily in small cap stocks. The fund has a total AUM of around Rs. 3,060 Crores and has a fund distribution of 93.4% in equity and 6.6% in debt and cash. 

The NAV of the fund is around Rs. 25.7 as on August 16, 2022 and has delivered an astounding CAGR of 31.1% since the fund’s inception in the year 2019. Over the 3 year period, the mutual fund has delivered a return of about 41.89%, making it a good option for SIP investment for high-risk investors. 

ICICI Prudential Equity & Debt Fund Direct Plan Growth 

Started in the year 2013, ICICI Prudential Equity & Debt Fund Direct Plan Growth is a hybrid fund that invests in both equity and debt. The proportion of investment is around 71.7% equity and about 28.3% debt and cash. 

The mutual fund’s total AUM is Rs. 19,614 Crores and its NAV around Rs. 252.6 as on August 16, 2022. Over the previous 3 years, the fund has generated a return of around 22.03%, with a low expense ratio of just 1.24%. This mutual fund from ICICI Prudential is a great option for an SIP investment for individuals looking for some diversification.  

Nippon India Index Fund S&P BSE Sensex Plan Direct-Growth (for passive investors)

Being an index fund that mirrors the BSE Sensex, this mutual fund from Nippon India was launched in the year 2013. With an ultra-low expense ratio of just 0.15%, this mutual fund’s costs are very affordable and are unlikely to eat into the profits. 

The total AUM in the fund is around Rs. 314 Crores, with its NAV being around Rs. 31.13 as on August 16, 2022. Since its inception, the fund has managed to generate a decent CAGR of around 13.09% per annum. This fund is the right choice for an SIP investment for passive investors who prefer to stay on the sidelines. 

Conclusion

Now that you’ve seen the different mutual funds that you can consider investing in, go ahead and start your own Systematic Investment Plans today. That said, before you invest, remember to use an SIP calculator to get an idea of the kind of returns that you’re likely to get from investing in the mutual fund of your choice.

If you don’t have a demat account with you, investing in an SIP is simply not possible. Get in touch with Motilal Oswal today to open a demat account within minutes through an online paperless process.   

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