Mirae Asset Large Cap Fund
Overview
The Mirae Asset Large Cap Fund is a prominent choice among investors looking for stability and growth. It has consistently delivered strong returns over the years. The fund manages a substantial asset base, with Assets Under Management (AUM) totaling ₹38,060 crore.
Performance
The fund has shown impressive performance with a Compound Annual Growth Rate (CAGR) of 20.7% over the past five years. The current return per annum stands at 14.51%, making it a reliable option for wealth creation.
Investment Details
The minimum investment required is ₹1,000, making it accessible for a wide range of investors. The fund imposes an exit load of 1.0% and maintains an expense ratio of 0.65%.
Risk and Diversification
This fund carries a very high-risk level but offers diversification by investing in large-cap stocks. The shareholding pattern indicates that 98.87% of its holdings are in equity, 1.07% in cash and equivalents, and 0.05% in rights.
Axis Bluechip Fund
Overview
Axis Bluechip Fund is a prominent player in the large-cap equity segment in India. With an AUM of ₹33,352 Crs, it offers a robust platform for wealth creation. The minimum investment required is as low as ₹100, making it accessible for all types of investors.
Performance
The fund has shown consistent performance over the years. It has delivered a return of +13.88% per annum, which is quite competitive in the large-cap category. The expense ratio stands at 0.64%, making it a cost-effective option for investors.
Investment Details
| Criteria | Details |
| AUM | ₹33,352 Crs |
| Min. Investment | ₹100 |
| Expense Ratio | 0.64% |
| 1-Year Return | +13.88% |
| 3-Year Return | +14.07% |
| 5-Year Return | +14.05% |
SBI Bluechip Fund
Overview
The SBI Bluechip Fund is a prominent player in the large-cap equity mutual fund category. It has consistently delivered robust returns over the years, making it a preferred choice for investors seeking long-term wealth creation.
Performance
The fund has shown impressive performance metrics:
| Period | Returns |
| 1 Year | 16.43% |
| 3 Years | 22.14% |
| 5 Years | 15.03% |
Investment Strategy
The fund primarily invests in large-cap stocks, focusing on companies with strong fundamentals and growth potential. This strategy aims to provide stable and sustainable returns to investors.
Fund Manager
The SBI Bluechip Fund is managed by experienced professionals who leverage their expertise to navigate market complexities and optimize returns.
Expense Ratio
The fund has a competitive expense ratio, ensuring that a significant portion of the returns is passed on to the investors.
ICICI Prudential Bluechip Fund
Overview
ICICI Prudential Bluechip Fund is suitable for investors who want to remain invested in equity for the next five years but can take moderate to high risk. It has a 91.39% investment in Indian stocks, of which a majority 81.37% is in large caps, 4.85% in midcaps, and the remaining in small caps. 0.47% of the investment is in debt, mostly in government securities.
Performance
The fund has shown consistent performance over the years. Below is a table showcasing its returns:
| Period | Returns |
| 1 Year | 17.7% |
| 3 Years | 19.66% |
| 5 Years | 15.38% |
Investment Strategy
The fund aims to achieve long-term capital appreciation by investing in a diversified portfolio of large-cap stocks. The focus is on companies with strong fundamentals and promising growth prospects across various sectors.
HDFC Top 100 Fund
Overview
The HDFC Top 100 Fund is a prominent large-cap mutual fund in India, known for its consistent performance and robust portfolio. It primarily invests in large-cap stocks, making it a relatively stable option for investors seeking long-term wealth creation.
Performance
The fund has shown impressive returns over various time horizons. For instance, over a 5-year period, it has delivered returns of approximately 14.55%. This performance makes it a compelling choice for investors looking to grow their wealth steadily.
Investment Strategy
The fund follows a disciplined investment approach, focusing on high-quality large-cap companies. It aims to achieve long-term capital appreciation by investing in a diversified portfolio of stocks across different sectors.
Risk and Suitability
While the HDFC Top 100 Fund is considered a safer bet compared to mid-cap or small-cap funds, it still carries market risks. It is suitable for investors with a moderate risk appetite who are looking for stable returns over a long-term horizon.
Kotak Standard Multicap Fund
The Kotak Standard Multicap Fund is a versatile investment option that offers a blend of large, mid, and small-cap stocks. This fund is managed by experienced fund managers Arjun Khanna and Harsha Upadhyaya, ensuring a balanced and diversified portfolio. The fund has shown impressive performance over the years, making it a popular choice among investors.
Fund Overview
The Kotak Standard Multicap Fund is an open-ended mutual fund scheme that invests across various market capitalizations. It aims to provide long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments.
Performance
The fund has delivered strong returns over different time horizons. As of the latest data, the 5-year returns stand at 20.25%, while the 10-year returns are 19.15%. This consistent performance highlights the fund’s potential for wealth creation.
Key Features
| Feature | Details |
| Fund Type | Multi-cap equity fund |
| Fund Managers | Arjun Khanna, Harsha Upadhyaya |
| NAV | ₹304.45 (as of 05 January 2024) |
| Minimum SIP Amount | ₹500 |
| Benchmark | NIFTY Large Midcap 250 TRI |
| Expense Ratio | 0.53% (Direct) |
Investment Strategy
The fund follows a multi-cap investment strategy, which allows it to invest in companies of various sizes and sectors. This approach helps in capturing growth opportunities across the market spectrum while mitigating risks associated with any single segment.
Franklin India Focused Equity Fund
Overview
Franklin India Focused Equity Fund is a well-regarded option for investors looking to create wealth over the long term. The fund focuses on a concentrated portfolio of high-quality stocks, aiming to deliver superior returns.
Performance
The fund has consistently delivered competitive returns, making it a strong contender in the focused equity category. Its performance metrics often surpass those of its peers, providing investors with confidence in its management.
Investment Strategy
The fund employs a focused investment strategy, concentrating on a limited number of stocks. This approach allows for in-depth research and high conviction in each holding, which can lead to significant wealth creation over time.
Expense Ratio
The expense ratio of Franklin India Focused Equity Fund is competitive, ensuring that investors get value for their money. Lower expense ratios can significantly impact the net returns, making this fund an attractive option for cost-conscious investors.
Minimum Investment
The minimum investment required for this fund is accessible, allowing a broad range of investors to participate. This inclusivity makes it easier for new investors to start their wealth creation journey with a reputable fund.
DSP BlackRock Equity Fund
Overview
The DSP BlackRock Equity Fund is a well-regarded option for investors looking to build wealth over the long term. It has consistently delivered strong returns, making it a popular choice among seasoned investors.
Performance
The fund has shown impressive performance over various time horizons. For instance, it has delivered a return of 19.48% over the last 5 years and 17.73% over the last 10 years.
| Time Period | Return |
| 5 Years | 19.48% |
| 10 Years | 17.73% |
Investment Strategy
The fund primarily invests in a diversified portfolio of large-cap and mid-cap stocks. This balanced approach helps in mitigating risks while aiming for substantial returns.
Suitability
This fund is suitable for investors with a long-term investment horizon who are looking to create wealth through a disciplined SIP approach. It is ideal for those who can tolerate moderate to high levels of risk.
Aditya Birla Sun Life Frontline Equity Fund
Investment Objective
The primary objective of the Aditya Birla Sun Life Frontline Equity Fund is to maximise long-term wealth by actively managing a diverse equity portfolio. It primarily focuses on companies with a market capitalisation of around Rs. 1000 crores and above.
Multi-Investment Style
This fund invests in large-cap growth stocks, making it suitable for moderate-risk investors.
NAV (Net Asset Value)
The NAV of the fund is ₹81.91 (as of 05 January 2024).
UTI Equity Fund
The UTI Equity Fund is a prominent player in the Indian mutual fund landscape, known for its robust performance and substantial asset base. Despite its very high-risk level, the fund has demonstrated strong performance over the past 5 years, achieving a Compound Annual Growth Rate (CAGR) of 18.14%. The fund imposes a 1.00% exit load and maintains an expense ratio of 1.13%. Additionally, it manages a substantial amount of assets, with Assets Under Management (AUM) totaling ₹ 8,577.75 crore.
Performance Overview
Fund Details
Conclusion
Investing in the best SIP plans in India for 2024 offers a strategic pathway to long-term wealth creation. By leveraging the power of compounding and maintaining a disciplined investment approach, investors can achieve substantial returns while minimizing financial burdens. The variety of SIP plans available caters to different financial goals and investment horizons, making it easier for individuals to tailor their investment strategies to their specific needs. As you explore the options, consider factors such as expense ratios, historical performance, and the credibility of the fund management companies. With informed decision-making and a commitment to regular investments, SIPs can be a powerful tool in your financial arsenal, helping you secure a prosperous future.
Frequently Asked Questions
What is a Systematic Investment Plan (SIP)?
A Systematic Investment Plan (SIP) allows investors to invest a fixed amount in a mutual fund scheme at regular intervals, typically monthly or quarterly, facilitating disciplined investing and long-term wealth creation.
Why should I invest in SIPs?
Investing in SIPs offers several benefits, including the power of compounding, rupee cost averaging, disciplined investing, and the potential for long-term wealth creation. They are also convenient and flexible.
How do I choose the best SIP plan?
To choose the best SIP plan, consider factors such as historical performance, expense ratio, fund manager’s track record, and your financial goals. It’s also advisable to consult with a financial advisor.
Can I start an SIP with a small amount?
Yes, you can start an SIP with a small amount. Many mutual fund schemes allow you to begin investing with as little as ₹500 or ₹1,000 per month.
Are SIP returns guaranteed?
No, SIP returns are not guaranteed as they are subject to market risks. However, SIPs in well-performing mutual funds have the potential to offer good returns over the long term.
Can I stop my SIP investment anytime?
Yes, you can stop your SIP investment anytime without any penalties. However, it’s generally recommended to stay invested for the long term to maximize returns.
