Systematic Investments Plans (SIPs) are increasingly becoming a preferred investment bet for those seeking a regular investment option every month. With a small sum of Rs 500 or upto Rs 5000, you can build a solid mutual fund portfolio. Here are 5 Best SIPs that you can consider. It's important to note that these are just suggestions and you might want to seek professional help before investing.
Decent Returns in the Last One Year
Under this fund the bare minimum that you need to invest is just Rs 1000 every month. Birla Sun Life has been rated as number one by Crisil and has a 4-star rating from Value Research Online. The fund has generated a one year return of 48 per cent.
BNP Paribas Equity Fund has been a consistent performer in the last few years. The Minimum amount you can invest each month is just Rs 500. The fund has been rated "number one" by Crisil and the last one year returns from the fund is close to 48 per cent.
A small investment of Rs 1000 per month
L&T Equity Fund has generated returns of close to 49 per cent in the last on year. You can invest in the fund with a small sum of Rs 1000 each month.
A Great Bet
Like most peers the fund has given returns close to 50 per cent in the last one year. The minimum amount that can be invested is Rs 1000. It's a perfect hedge against volatility witnessed in the markets.
Small Amount of Rs 1500 Needed
Tata Equity Opportunities Fund has been another consistent performer in the last few years. The fund has generated a one year return of close to 46 per cent. Again the portfolio comprises a list of blue chip stocks. The minimum investment through SIP is slightly higher at Rs 1500 per month.