It is always difficult to highlight which is the best SIP that an investor should bet on. If today one SIP has yielded good results, tomorrow it could be down. No SIP has been the best performer year after year.
Hence, we have chosen ones that have given reasonable returns over the last 3-5 years. The list can change and sometimes it can be a futile exercise trying to pretend to do a big analysis on SIPs.
SBI Blue Chip Fund
SBI Blue Chip Fund is among the best large cap funds in the country in terms of returns.
It has a 5-star rating from Value Research and is Crisil's No 1 ranked large cap fund.
The fund has given a return of 26 per cent in the last 3 years and returns of 18 per cent in the last 5 years.
A superb performance by any stretch of imagination. SIPs in the scheme can be done with amounts as low as Rs 1,000.
Birla Sun Life Top 100
Like SBI Blue Chip, this fund has also been a good performer. It's largest holdings is in blue chip companies like Infosys and HDFC Bank.
Returns have not been as good as SBI Blue Chip, but is pretty decent at 16 per cent for 5 years and almost 24.85 per cent for three years.
Investment in the scheme can be done with small amounts of as low as Rs 1,000. The net asset value under the growth plan was Rs 47.03.
Quantum Long Term Equity Fund
Quantum Equity Fund is among the few large cap funds that does not have HDFC Bank as the top holding in its portfolio.
In fact, another blue chip, Bajaj Auto is the top holding. Returns have been good at 23.31 per cent for three years and 15.25 per cent for 5 years.
The net asset value under the growth plan is Rs 45.07. The only concern is that the exit load is very high as compared to other mutual fund schemes.
SBI Magnum Equity Fund
Again, this is a fund from the SBI stable that has a strong portfolio and has performed well. The scheme has generated returns of 21.42 in three years and returns of near 14 per cent in 5 years.
The long term returns have been excellent and remember that mutual fund units are more tax efficient than other instruments like bank deposits.
The present net asset value of the fund is Rs 82.78.
Reliance Top 200 Retail Plan
The Reliance Top 200 Retail Plan is also one that has given decent returns in the last 3-5 years. The three year returns has been 24.25 per cent, while the 5 year returns has been near 15 per cent.
The net asset value under the growth plan is Rs 25.23 and you can start an SIP with a small amount as low as Rs 100.
ICICI Prudential Focused Bluechip Equity Fund
This is another superb performer that has given returns of near 21 per cent in three years and 14 per cent in 5 years.
You can start an SIP with a small sum of Rs 500. The net asset value of the fund is Rs 31.66 under the growth plan.
Kotak Classic Equity Regular Plan
Under this scheme investors in the last three years have got returns of 19.25 per cent. We believe that looking at the portfolio there could be further potential for gains.
The NAV is Rs 37.41 under the growth plan. One can invest with small sums of Rs 1,000.
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