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Best Mutual Funds in India for SIP 2024 – 2025

Updated on November 13, 2024 , 24000 views

A Systematic Investment plan (SIP) is considered to be the most efficient way to invest in Mutual Funds, especially for the long-term plan. It permits investors to purchase a unit on a particular date every month in order to implement a long-term savings plan. One of the reasons why investors feel comfortable towards Investing in SIP is the flexibility they offer. Investors can invest in SIP on either monthly, quarterly or weekly Basis, as per their convenience. Let’s learn more about how one can achieve their Financial goals with systematic investment plans, how sip calculator is helpful in investment, along with best mutual funds in India for SIP.

SIP- Optimal Way to Achieve Financial Goals

SIP is designed in a way that one can easily pre-plan their investments and invest according to their financial goals. But, one has to invest for a long-time to achieve goals via SIP. Generally, SIP is widely used for planning goals like-

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Buying a car
Buying a house
Marriage
Child’s education
Save for an international trip
retirement
Medical emergencies etc.

One can start investing in SIPs with an amount as minimum as INR 500 and INR 1000. Once you begin investing in SIP your money start going each day as it is exposed to the stock Market. That is why SIPs as a route is mostly preferred in Equity Funds. Moreover, historically, investment in equity stocks has given impressive returns amongst all the other asset classes, if the investment was done with discipline and with a long-term horizon.

SIP in equity helps to avoid the risk of timing the market and facilitate wealth creation by averaging the cost of investment. Let’s look at some more Benefits of SIP that helps in achieving long-term goals:

Power of Compounding- Simple interest is when you gain interest on only the principal. In the case of compound interest, the interest amount is added to the principal, and interest is calculated on the new principal (old principal plus gains). This process continues every time. Since SIP in Mutual Funds are in instalments, they are compounded, which adds more to the initially invested sum.
Risk reduction- Given that a SIP is spread over a long period of time, one catches all periods of the stock market, the ups and more importantly the downturns. In downturns, when fear catches most investors, SIP instalments continue ensuring the investors buy “low”.
Convenience of SIPs- Convenience is one of the biggest benefits of a SIP. A user has to sign-up one-time and go through documentation. Once done, thereafter debits for subsequent investments take place automatically and the investor just has to monitor the investments.

Best Mutual Funds in India for SIP 2024 - 2025

Best Large Cap Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
Nippon India Large Cap Fund Growth	₹84.7525 ↑ 0.05	₹34,432	100	-1.7	6.8	29.6	17.4	19.7	32.1
HDFC Top 100 Fund Growth	₹1,088.54 ↓ -0.49	₹38,684	300	-3.4	6	24.6	15	17.3	30
ICICI Prudential Bluechip Fund Growth	₹103.26 ↑ 0.09	₹66,207	100	-1.9	6.9	30	15	18.9	27.4
DSP BlackRock TOP 100 Equity Growth	₹447 ↑ 0.85	₹4,613	500	-0.4	11.4	32	13.7	15.2	26.6
BNP Paribas Large Cap Fund Growth	₹213.681 ↓ -0.27	₹2,440	300	-3.4	6.2	31.8	13.5	17.3	24.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 24

Best Multi Cap Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
JM Multicap Fund Growth	₹100.321 ↑ 0.48	₹4,531	500	-3.4	9	42.9	22.9	23.4	40
Nippon India Multi Cap Fund Growth	₹283.621 ↑ 1.35	₹39,622	100	-0.7	9.2	35.1	22.6	24.5	38.1
HDFC Equity Fund Growth	₹1,842.3 ↑ 5.77	₹66,225	300	1.2	12.2	37.5	21.6	22.9	30.6
Motilal Oswal Multicap 35 Fund Growth	₹58.5238 ↑ 0.38	₹12,564	500	3.6	17.5	44.7	17.8	16.8	31
ICICI Prudential Multicap Fund Growth	₹759.05 ↑ 0.98	₹14,691	100	-1.9	9.3	34.7	17.5	21.2	35.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 24

Best Mid Cap Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
Edelweiss Mid Cap Fund Growth	₹94.988 ↑ 0.53	₹7,755	500	1.2	18.7	44.7	21.9	29	38.4
Invesco India Mid Cap Fund Growth	₹159.49 ↑ 1.06	₹5,904	500	2.4	18	44.7	20.4	26.7	34.1
TATA Mid Cap Growth Fund Growth	₹417.49 ↑ 0.45	₹4,637	150	-3	7.8	31.1	18.1	24.5	40.5
ICICI Prudential MidCap Fund Growth	₹273.67 ↑ 0.97	₹6,778	100	-2.5	7.4	39	17	23.9	32.8
BNP Paribas Mid Cap Fund Growth	₹97.4668 ↑ 0.22	₹2,247	300	-3	8.9	32.4	16.9	24.8	32.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 24

Best Small Cap Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
Nippon India Small Cap Fund Growth	₹168.117 ↑ 1.04	₹62,260	100	-1.6	10.7	33.6	25.4	34.5	48.9
L&T Emerging Businesses Fund Growth	₹83.2207 ↑ 0.97	₹17,306	500	0	11.8	30.1	22.1	29.8	46.1
Franklin India Smaller Companies Fund Growth	₹170.561 ↑ 1.03	₹14,460	500	-4.2	7.9	28.8	21.5	28.5	52.1
IDBI Small Cap Fund Growth	₹31.4003 ↑ 0.42	₹370	500	-0.8	16.7	40	21.3	28.5	33.4
HDFC Small Cap Fund Growth	₹134.147 ↑ 0.19	₹33,963	300	-0.3	10.2	25.8	21.2	28.5	44.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 24

Best ELSS (Tax Saving Mutual Funds) for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
Motilal Oswal Long Term Equity Fund Growth	₹50.4241 ↑ 0.61	₹4,195	500	1.4	16.3	48.2	21.5	22.2	37
SBI Magnum Tax Gain Fund Growth	₹418.348 ↓ -1.00	₹28,733	500	-3.2	8.8	41.5	21.1	24	40
IDBI Equity Advantage Fund Growth	₹43.39 ↑ 0.04	₹485	500	9.7	15.1	16.9	20.8	10
HDFC Long Term Advantage Fund Growth	₹595.168 ↑ 0.28	₹1,318	500	1.2	15.4	35.5	20.6	17.4
HDFC Tax Saver Fund Growth	₹1,312.07 ↑ 2.37	₹16,761	500	-0.8	10.1	36	19.9	20.9	33.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 24

Best Sector Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
LIC MF Infrastructure Fund Growth	₹48.3605 ↑ 0.56	₹750	1,000	-3.5	15.4	57.2	27.6	27.1	44.4
Franklin India Opportunities Fund Growth	₹240.206 ↑ 1.49	₹5,610	500	-1.4	10.7	51	23	27.2	53.6
Canara Robeco Infrastructure Growth	₹152.65 ↑ 0.15	₹883	1,000	-3.9	9.5	50.5	25	28.3	41.2
IDFC Infrastructure Fund Growth	₹49.598 ↑ 0.14	₹1,906	100	-8.8	5.4	50.1	24.5	29.2	50.3
SBI PSU Fund Growth	₹30.704 ↓ -0.17	₹4,703	500	-7	-0.6	49.9	31.8	24	54
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 24

Best Focused Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
HDFC Focused 30 Fund Growth	₹213.337 ↑ 0.63	₹15,109	300	2.2	11.9	36.9	22	22.5	29.6
ICICI Prudential Focused Equity Fund Growth	₹83.59 ↑ 0.13	₹10,201	100	-2.3	9.2	38.6	17.6	23.7	28.3
Sundaram Select Focus Fund Growth	₹264.968 ↓ -1.18	₹1,354	100	-5	8.5	24.5	17	17.3
Franklin India Focused Equity Fund Growth	₹103.051 ↑ 0.30	₹13,050	500	-2.8	7.3	28.7	14.4	20.6	23.5
DSP BlackRock Focus Fund Growth	₹51.651 ↑ 0.12	₹2,704	500	-0.5	11.2	31	13	15.4	34.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 24

Best Value Funds for SIP

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
JM Value Fund Growth	₹98.8497 ↑ 0.10	₹1,085	500	-5.7	7.7	36.2	22.2	24.2	47.7
L&T India Value Fund Growth	₹104.491 ↑ 0.01	₹14,123	500	-0.4	10.3	36	20.5	24.2	39.4
ICICI Prudential Value Discovery Fund Growth	₹438.59 ↓ -0.61	₹51,198	100	-1.9	9.6	33.3	20.2	25.6	31.4
Nippon India Value Fund Growth	₹215.509 ↑ 0.43	₹8,962	100	-1.8	9.2	37.8	19	24	42.4
Tata Equity PE Fund Growth	₹344.635 ↓ -0.36	₹9,173	150	-3	8.4	35.7	18.9	20.3	37
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 24

SIP Calculator

SIP calculator is one of the efficient tools an investor can use while investing in mutual funds. Whether one wants to invest to buy a car/house, plan for retirement, a child's higher education or any other asset, the SIP calculator can be used for the same. It helps to calculate the amount of investment and time period that is required for investing to reach the particular financial goal. So, common questions like "how much to invest in a SIP or how till that time should I invest", resolves using this calculator.

When using a SIP calculator, one has to fill certain variables, that include (illustration is given below)-

The desired investment duration
The estimated monthly SIP amount
Expected Inflation rate (annual) for the years to come
Long-term growth rate on investments

Once you feed all the above-mentioned information, the calculator will end up giving you the amount you will receive (your SIP returns) after the number of years mentioned. Your net profit will be highlighted as well so that you can estimate your goal fulfilment accordingly.

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.