If you are looking for regular investment to build a corpus over a longer period of time, Systematic Investment Plans or SIPs are the ideal way to go about it. The money garnered by SIPs are invested by mutual fund houses in debt or equity shares depending on your choice. Investment in equity shares have generated returns that are much better than fixed deposits over the longer term. Here are 4 SIPs, where you can invest small amounts of Rs 1,000 every month.
1. Axis Bluechip Fund
Axis Bluechip Fund has generated a solid return of 19 per cent in just 1-year. Value Research Online has accorded the fund a 5-star rating. Investors can invest a sum of Rs 5000 initially and than just Rs 500 by way of SIPs every month.
Axis Bluechip Fund has generated a 3-year return of 18 per cent and 5-year return of 10.29 per cent.
The returns as we see are even superior to fixed deposits. Axis Blue Chip Fund has solid holdings including the likes of HDFC Bank, Reliance Industries, ICICI Bank, Kotak Mahindra Bank and Bajaj Finance.
Under the growth plan, the NAV is currently around Rs 31. So, you would need to invest at around that Rs 31 levels.
2. Mirae Asset Large Cap Fund
This is another fund that has been accorded a 5-star rating by Value Research Online. The fund has generated a return of 14.25 per cent in 1 year, which is really good. The 5-year returns on the other hand is 11.30 per cent, which is again not bad at all.
One can invest in this fund with a minimum investment of Rs 5,000 and after that each month one can invest with just Rs 1,000. Mirae Asset Large Cap Fund has had an excellent past track record in delivering superior returns.
Mirae Asset Large Cap Fund has holdings in stocks like HDFC Bank, ICICI Bank, Reliance Industries etc. One needs to have a long-term perspective to start generating good returns.
3. ICICI Prudential Blue Chip Fund
This is another fund that has done well in the short to medium term. ICICI Prudential Blue Chip Fund has a huge corpus of nearly 24,000 crores deployed in large cap funds.
The fund has generated a return of 11.35 per cent in the last 1 year and 11.41 per cent returns in the last 5 years. This is a good fund to buy for the long-term.
ICICI Prudential Blue Chip Fund has holdings in stocks like HDFC Bank, ICICI Bank, Infosys, Axis Bank and Bharti Airtel.
One can invest in the fund through a small SIP of Rs 100.
4. Nippon India Large Cap Fund
This is a fund that only invests in large cap shares. The fund has generated a returns of 11.68 per cent over a three year period. One can invest in Nippon India Large Cap Fund with a small sum of Rs 100 and thereafter a sum of Rs 100 every month.
Currently, the NAV of the Fund is Rs 34.28 under the growth plan. A good fund for those looking at a regular SIP.