Given the boom in equities and steady inflow, SIP AUM hit a record high in the month of May of Rs. 4.7 lakh crore. So, if you too are keen to tap the avenue i.e. Systematic Investment Plans and want to take the advantage of disciplined investment as well as rupee cost averaging you can do so in relation to your various financial goals during the life term. Here we enlist 5 such funds which can be a good pick for you.
|Equity Fund||NAV as on June 17,2021||3-month return||1-year return||3-years return|
|Mirae Asset Emerging BlueChip Regular-G||86.33||10.28||75.29||20.56|
|UTI Flexicap Reg-G||228.99||7.97||72.73||17.82|
|Kotak Flexicap Reg-G||48.08||7.31||55.09||13.11|
|SBI Large & Mid-cap Growth||323.5||12.57||70.07||14.97|
1. Mirae Asset Emerging BlueChip Regular-G:
This is a CRISIL 5 star rated fund from the house Mirae Asset Mutual Fund. The total AUM of the fund is a good Rs.17,892 crore. The large and mid cap fund carries an expense ratio of 1.67% and falls in the high risk category as per the mutual fund risk-o-meter. The benchmark of the fund is Nifty 50.
SIP in the fund can be started for Rs. 1000 while for the lump sum it is Rs. 5000. Over a period of 3 years, a monthly SIP of Rs. 10000 i.e. a total investment of Rs. 3.6 lakhs is now worth Rs. 5.61 lakh.
Top holdings of the fund ICICI Bank, HDFC Bank,Infosys, Axis Bank, SBI, Bharti Airtel and TCS among others.
2. UTI Flexicap Reg-G
This Flexi cap scheme is again a five star rated fund by CRISIL. The fund size is Rs. 18404 crore and carries an expense ratio of 2.01%. Benchmark of the fund is Nifty 500.
Minimum SIP investment in the fund is Rs. 500. Rs. 10000 monthly SIP (with a total investment of Rs. 3.6 lakh) after a period of 3 years has grown in value to Rs. 5.5 lakh currently.
Top holdings of the fund HDFC Bank, Bajaj Finance, HDFC, LTI, Kotak Mahindra Bank, Astral Poly Technik etc
3. Axis Bluechip-G:
The large cap fund is given a 3 star rating by CRISIL that signifies average performance among peers. Expense ratio of the fund is at 1.77%. The total assets under management of the fund is Rs. 27142 crore and is again a high risk bet as per the mutual fund risk-o-meter.
The fund has underperformed the benchmark Nifty 50 TRI with a return of 50.49% over a 1-year period. SIP in the fund could be started for a minimum of Rs. 500. In the last years, SIP of monthly Rs 10,000 has gained up to Rs. 4.95 lakh currently.
Top holdings of the fund include HDFC Bank, Infosys, Bajaj Finance, ICICI Bank, TCS, Kotak Mahindra Bank and Avenue Supermarts among others.
4. Kotak Flexicap Reg-G:
This is again a 3-Star rated fund by CRISIL. The fund commands a huge AUM of Rs. 35,955 crores. Expense ratio of the fund is 1.6%. This flexicap scheme with allocation in equity as well as debt (of a small portion) is majorly invested into large caps.
Nifty 50 is the benchmark for the fund and considering the last 1-year performance, the fund has underperformed the Nifty index.
SIP in the fund could be started for Rs. 500. A SIP investment of monthly Rs. 10000 in 3-years time is now worth Rs. 4.89 lakh.
Top holdings of the fund are ICICI Bank, HDFC Bank, Infosys, RIL, Ultratech Cement etc.
5. SBI Large & Mid-cap Growth:
This is again a 3-star rated Large and Mid cap fund by SBI Mutual fund. The fund's size is Rs. 4082 crore and carries an expense ratio of over 2 percent. Typically those with 3-4 years of investment horizon should park funds into these funds and also be prepared for volatile times.
The fund's benchmark is Nifty 50. SIP in the fund could be started for Rs. 500.
Top holdings of the SBI Large and Mid cap growth fund are HDFC Bank, Page Industries, ICICI Bank, SBI, Infosys and Balkrishna Industries among others.