Investing in SIPs (Systematic Investment Plans) has emerged as one of the most popular and effective way of investing in mutual funds for long-term wealth creation in India. SIPs allow investors to invest a fixed amount at regular intervals, usually monthly, into mutual funds of their choice, enabling them to build wealth in a disciplined manner. SIPs have become a preferred investment option for those who wish to create wealth over the long-term, without incurring too much risk. The benefit of investing in SIPs is that they offer the potential for higher returns as compared to traditional investment options like fixed deposits, while also providing the benefit of rupee cost averaging.
In 2023, there are numerous SIP plans available in India, making it challenging for investors to choose the right one for their investment needs. Therefore, it is essential to understand the key features and benefits of various SIP plans available in the market.
In this comprehensive guide, we will discuss the 10 Best SIP Plans for 20 years in India to Invest in 2023. We have carefully curated this list based on the performance of the funds, their consistency in delivering returns, and their suitability for a 20-year investment horizon. Our guide aims to help investors make informed decisions about their investment choices.
Each of the SIP plans on this list has its unique features and benefits, including a diverse portfolio of stocks, bonds, and other financial instruments, low expense ratios, and good track records. We have also considered the fund manager's experience, investment style, and the fund house's reputation to ensure that we recommend only the best SIP plans for our readers.
Whether you are a first-time investor or an experienced one, our guide will help you make an informed decision about your investment choices. We believe that investing in SIPs can help you achieve your financial goals, create long-term wealth, and secure your financial future. So, let's dive in and explore the 10 best SIP plans for 20 years in India to Invest in 2023.
10 Best SIP Plan for 20 Years in India 2023
Scheme Name | AUM (Rs Crore) | Expense Ratio (%) | 20-Year SIP Return (%)* |
ICICI Prudential Technology Fund | 8,993.09 | 2.11 | 18.52 |
ICICI Prudential FMCG Fund | 1,156.49 | 2.57 | 17.76 |
Sundaram Midcap Fund | 7,048.79 | 1.87 | 17.29 |
Nippon India Growth Fund | 13,409.61 | 1.83 | 17.04 |
Quant Active Fund | 3,531.89 | 2.63 | 16.41 |
Nippon India Banking & Financial Services Fund | 3,826.52 | 2.05 | 16.21 |
HDFC Flexi Cap Fund | 31,672.65 | 1.77 | 16.08 |
ABSL Digital India Fund | 3,338.13 | 2.11 | 16.01 |
Franklin India Prima Fund | 7,359.95 | 1.90 | 15.89 |
Franklin India Flexi Cap Fund | 9,989.33 | 1.86 | 15.50 |
* As on April 10, 2023 | |||
(The returns in the above table are subject to market risks and do not represent any kind of chronological sequence. Please exercise caution before investing.)
Best SIP Plans to Invest for 20 Years
Mirae Asset Large Cap Fund
With an AUM of Rs 32,851 crore as on March 2023, Mirae Asset Large Cap Fund is one of the best-performing large-cap equity funds in India. The fund has consistently outperformed its benchmark index, making it a popular choice among investors. The minimum SIP investment is Rs 1,000 per month, and the expense ratio is 1.59% for regular plans. The fund's risk is moderately high, and the annualised returns for 1 year, 3 years, and 5 years are negative 1.57%, 28.39%, and 11.01%, respectively.
HDFC Mid-Cap Opportunities Fund
HDFC Mid-Cap Opportunities Fund is a mid-cap fund that invests in companies that have the potential to grow in the long-term. With an AUM of Rs 35,173 crores as on March 2023, the fund has a NAV of Rs 101.63 as on April 10, 2023 and an expense ratio of 1.75% for regular plans. The minimum SIP investment for the fund is Rs 100. It falls under the mid-cap category of funds and has a high-risk profile. The annualized returns for the fund are 8.8% for 1 year, 35.46% for 3 years, and 11.75% for 5 years.
Kotak Emerging Equity Fund
Kotak Emerging Equity Fund is a high-risk fund with an AUM of Rs 24,407 crore as of March 2023. The fund primarily invests in mid-cap companies with high growth potential. The minimum SIP investment is Rs 100 per month, and the expense ratio for regular plan is 1.68%. The annualized returns for 1 year, 3 years, and 5 years are 1.59%,34.47%, and 13.05%, respectively.
ICICI Prudential Balanced Advantage Fund
ICICI Prudential Balanced Advantage Fund is a popular mutual fund scheme in the hybrid category that offers investors a blend of equity and debt investmentswith an AUM of Rs 44,700 crore as of March 2023. The fund's portfolio primarily consists of 52% in equity, 26% in debt, 2% in real estate and 20% in cash with a minimum SIP investment of Rs 100 per month. The expense ratio is 1.57% for regular plan, and the fund's risk is moderate. The annualized returns for 1 year, 3 years, and 5 years are 5.64%, 18.32%, and 9.53%, respectively.
SBI Small Cap Fund
SBI Small Cap Fund is a high-risk fund with an AUM of Rs 15,590 crore as of March 2023. The fund's portfolio primarily consists of small-cap companies with high growth potential. The minimum SIP investment is Rs 500 per month, and the expense ratio as on March 2023 for a regular plan is 1.83%. The annualized returns for 1 year, 3 years, and 5 years are 2.99%, 36.47%, and 13.45%, respectively.
Conclusion
In conclusion, investing in SIPs can be an effective way of creating long-term wealth and securing your financial future. As we discussed in this comprehensive guide, there are numerous SIP plans available in India, making it challenging for investors to choose the right one for their investment needs. However, we have carefully curated a list of the 10 Best SIP Plans for 20 years in India to Invest in 2023.
Each of the SIP plans on this list has its unique features and benefits, including a diverse portfolio of stocks, bonds, and other financial instruments, low expense ratios, and good track records. We have also considered the fund manager's experience, investment style, and the fund house's reputation to ensure that we recommend only the best SIP plans for our readers.
We believe that investing in SIPs can help you achieve your financial goals and create long-term wealth. However, it is essential to remember that investing in mutual funds carries some risks, and past performance is not a guarantee of future returns. Therefore, investors should consult a financial advisor and carefully consider their risk appetite before investing in any SIP plan.
In summary, investing in the 10 Best SIP Plans for 20 years in India to Invest in 2023, can be a sound investment decision for those looking to create wealth over the long-term. We hope that our guide has helped you make an informed decision about your investment choices and wish you all the best for your investment journey.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
