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Best SIP Equity Mutual Funds To Invest For Long Term
Credit rating agency, CRISIL from time to times comes-up with the top ranked mutual funds in India, based on various parameters.
Individuals who are looking for high returns should consider investing in equity mutual funds as these funds are expected to provide good returns over a period of time.
An investor can invest lumpsum amount or via SIP in mutual funds. Individual with regular income can consider investing through Systematic Investment Plans (SIPs) as it allows investors to invest small amounts every month.
SBI Bluechip Fund
This is a very large sized fund, with a staggering Rs 15,600 crores assets under management. Like most other mutual funds, the scheme has generated superlative returns in the last few years.
The 1 year returns from the fund has been 26.85 per cent, while the three year returns has been close to 13 per cent on an average each year. The expense ratio of the fund is less than 2 per cent, which is a big plus when compared to other funds.
SBI Bluechip Fund has large scale holdings in HDFC Bank, Larsen and Toubro, HPCL etc. The NAV under the growth scheme is Rs 37.75, while the NAV under the dividend scheme is Rs 21.48. One of the best equity mutual fund schemes to invest in.
A sound portfolio and good ratings from Crisil, make the fund worthy of investing.
Check mutual fund daily gainers here
Aditya Birla Sun Life Top 100
Aditya Birla Sun Life Top 100 is another fund that has been a good performer in the last one year. In fact, the returns of the last 1 year has been 28 per cent, while the average returns in the last 5 years has also been a staggering 19 per cent.
The fund has large holdings in blue chip stocks including names like HDFC Bank, ICICI Bank, ITC and Infosys. The NAV under the growth plan of the company is Rs 57.48, while the NAV under the dividend plan is Rs 17.89. A better option for investors looking at long term returns from a fund that has a good track record.
One can also consider a systematic investment plan under the scheme, which will benefit in terms of averaging and losses that might arise.
Check mutual fund recent dividend here
Mirae Asset India Opportunities Fund - Regular
Mirae Asset India Opportunities Fund - Regular, has a 5 star rating from Value Research Online. The fund has assets under management to the tune of Rs 4,510 crores.
If you are looking to buy the scheme, you will have to buy at the current NAV of Rs 47.04, under the growth plan and Rs 19.89 under the dividend plan.
Dividend plans could be a better option for investors, since dividends are tax free in the hands of investors. Under the growth option you would end-up paying capital gains tax.
Financial institutions continue to be the top holding for the company including names like HDFC Bank, ICICI Bank and Maruti Suzuki. One of the best equity mutual fund options, with a good track record.
Aditya Birla Sun Life Frontline Equity Fund
This is another very large sized equity mutual fund, that largely focuses on investing in the large cap stocks. This equity mutual fund is being recommended largely for the solid portfolio it has apart from the consistent growth in the NAV.
Aditya Birla Sun Life Frontline Equity Fund has generated a return of 27.59 per cent in the last one year and about 11.29 per cent in the last three years. The fund has large holdings in HDFC Bank, ICICI Bank, Infosys and ITC. The expense ratio like most other large equity mutual funds is above the 2 per cent mark.
You have to buy the fund at Rs 216.71, under the growth plan, which is the current NAV. The dividend plan has an NAV of Rs 27.27
ICICI Prudential Focused Bluechip Equity Fund
ICICI Prudential Focused Bluechip Equity Fund is a large cap equity mutual fund scheme, with bulk of the money deployed in index heavyweights.
The fund had generated decent one year returns of 29.96 per cent, while the three year returns has been more modest at around Rs 11.49 per cent. Again, like peers bulk of the holding of the fund is in index heavyweights like HDFC Bank, ICICI Bank, HDFC and ITC.
The fund presently has a net asset value of Rs 39.77 under the growth scheme and Rs 25.03 under the dividend scheme. A good opportunity to buy into the scheme at lower NAV levels
Franklin India Bluechip Fund
Franklin India Bluechip Fund was launched in 1993 and has given a return of 21.56 per cent since its launch. The fund has given returns of almost 12.38 per cent in the last 3 years.
Individuals can start to invest in the fund with a sum of Rs 5000 and then a small sum of Rs 500. The fund is ranked number two by Crisil and three-star rating by Value Research Online.
What are SIPs?
A Systematic Investment Plan(SIP) is a type of mutual fund. It is a method of investing in a mutual fund in regular monthly or periodic intervals. There are two approaches to invest in mutual funds. One is outright payment and another one are periodic investments. In one time outright payment if the investor is investing straight in the fund, he needs to give one cheque and get fund units depending on the value of the units on that particular day. Another one is periodic investments and these come under SIP. If a customer invests the money, every month say Rs 1,000 in he has the option to choose in equity or debt. At the end of the year, he or she would have invested Rs 12,000 in the fund. If the market drops after that, the value of investor investments decreases, and an investor may have to wait for a long to get a return on investment. But, if you invest through a SIP, the investor does not perform the error of purchasing units when the market is in peak. Because buying small amounts continuously, will enable the investor to average out over a period.
