Introduction
Systematic Investment Plans (SIPs) have gained immense popularity in India as a preferred investment option. With mutual funds and SIPs offering long-term growth potential, your money can flourish significantly. Even small regular contributions can yield immediate growth as your funds are invested in a well-curated stock portfolio.
Opting for the best SIP plan ensures beating average purchase costs and maximizing returns over a lengthy tenure. In this blog, we will explore the different types of SIP appropriate for long-term investment.
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What Are The Top Long-Term SIP Funds For Wealth Growth?
The best long-term SIP funds for wealth growth are as follows:
1. Axis Bluechip Fund
Axis Bluechip Fund is a top-performing large-cap equity mutual fund, focusing on stocks of companies with a market capitalization of INR 1000 Cr or more. With a proven track record of consistent growth, it presents a reliable long-term investment opportunity. Offering stability and lower volatility, it has delivered impressive returns of 37.8% over one year, making it a secure choice regardless of the Sensex performance.
2. IDFC Infrastructure Fund
IDFC Infrastructure Fund, a long-term SIP sector fund, strategically invests in specific sectors such as banking, pharmaceuticals, infrastructure, telecom, and more. By selecting a sector poised for long-term growth, this fund offers the potential for substantial returns. Given the safety and potential of infrastructure for future development, IDFC Infrastructure Fund has delivered impressive returns of 103.1% over one year, making it an attractive investment option.
3. PGIM India Diversified Equity Fund
PGIM India Diversified Equity Fund stands out as a top-performing diversified equity fund in India. By investing across companies with different market capitalisations (large-cap, small-cap, and mid-cap), it offers a well-balanced portfolio for enhanced safety. With a track record of consistent growth, this fund has delivered impressive returns of 66.4% over one year. Experience the potential for steady and substantial growth with PGIM India Diversified Equity Fund.
4. SBI Small Cap Fund
The SBI Small Cap Fund is an SIP plan with a long-term investment horizon, targeting emerging companies with a market capitalization of around INR 500 Cr. This strategy holds the potential for significant returns as these companies thrive. With a positive track record, the fund has delivered impressive one-year returns of approximately 62.2%. Moreover, it offers the convenience of a minimum investment requirement of INR 500 per year.
Final Words
To make informed investment decisions, identify the best SIP schemes by using an online SIP calculator. Analyze potential returns and consider suggested options for convenience. Evaluate key details of each scheme to choose the investment plan that aligns with your goals. This way, you can empower yourself with knowledge and choose wisely for a fruitful investment journey.
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