Discover the best SIP plan for INR 10000 per month. Maximize returns with top mutual funds and smart investment strategies tailored to your financial goals.
Investing in Systematic Investment Plans (SIPs) is a popular way to grow wealth over time, thanks to their ability to harness the power of compounding and rupee cost averaging. For investors looking to invest INR 10,000 per month, selecting the right SIP plans can be crucial for achieving financial goals. Here, we explore some of the best SIP plans available in the Indian market, tailored for an investment of INR 10,000 per month.
Understanding SIPs
Systematic Investment Plan or SIP allows investors to invest a fixed amount regularly in stocks, bonds, metals, commodities or alternative investment channels. This approach promotes disciplined saving and takes advantage of rupee cost averaging, reducing the impact of market volatility. With SIPs, even small contributions can grow significantly over time, making it an accessible option for building wealth gradually. Plus, the convenience of automated deductions ensures consistent investment without the hassle of manual transactions.
Criteria for Selecting SIP Plans
When selecting SIP plans, you should consider factors like fund performance history, fund manager expertise, and the expense ratio. Additionally, align the plan with your financial goals and risk tolerance to ensure it fits your investment strategy. Consider the following criteria:
1. Past Performance: Look at the historical performance of the fund over different time periods.
2. Fund Manager’s Track Record: Consider the experience and success rate of the fund manager.
3. Expense Ratio: Lower expense ratios can have a significant impact on returns over time.
4. Fund Size: Larger funds may offer more stability.
5. Investment Objective: Ensure the fund aligns with your financial goals and risk tolerance.
Top SIP Plans for INR 10000 Per Month
1. Mirae Asset Large Cap Fund
Category: Large Cap Fund
Objective: Capital appreciation by investing primarily in large-cap stocks.
Risk Level: Moderate
Performance:
3-Year Returns: 15.8%
5-Year Returns: 14.2%
Why Choose This Fund:
Mirae Asset Large Cap Fund is known for its consistent performance and strong management team. It focuses on blue-chip companies, providing stability and steady growth.
2. Axis Bluechip Fund
Category: Large Cap Fund
Objective: Long-term capital growth by investing in a diversified portfolio of large-cap stocks.
Risk Level: Moderate
Performance:
3-Year Returns: 16.5%
5-Year Returns: 14.9%
Why Choose This Fund:
Axis Bluechip Fund has a strong track record of outperforming its benchmark. The fund manager’s expertise and disciplined investment approach make it a reliable choice.
3. SBI Small Cap Fund
Category: Small Cap Fund
Objective: Long-term capital appreciation by investing in small-cap stocks.
Risk Level: High
Performance:
3-Year Returns: 28.2%
5-Year Returns: 21.4%
Why Choose This Fund:
For investors with a higher risk appetite, SBI Small Cap Fund offers substantial growth potential. Its focus on emerging small-cap companies can lead to significant returns over time.
4. HDFC Mid-Cap Opportunities Fund
Category: Mid-Cap Fund
Objective: Capital appreciation by investing in mid-cap companies.
Risk Level: High
Performance:
3-Year Returns: 22.1%
5-Year Returns: 18.3%
Why Choose This Fund:
HDFC Mid-Cap Opportunities Fund is suitable for investors looking for a balance between risk and return. The fund’s diversified portfolio of mid-cap stocks offers good growth potential.
5. ICICI Prudential Equity & Debt Fund
Category: Hybrid Fund
Objective: Capital appreciation and income by investing in a mix of equity and debt instruments.
Risk Level: Moderate
Performance:
3-Year Returns: 12.4%
5-Year Returns: 13.8%
Why Choose This Fund:
This hybrid fund offers a balanced approach, combining the growth potential of equities with the stability of debt. It is ideal for investors seeking moderate risk and consistent returns.
6. Kotak Standard Multicap Fund
Category: Multicap Fund
Objective: Long-term capital appreciation by investing across large, mid, and small-cap stocks.
Risk Level: Moderate to High
Performance:
3-Year Returns: 18.7%
5-Year Returns: 15.9%
Why Choose This Fund:
Kotak Standard Multicap Fund provides diversification across various market capitalizations, reducing risk while offering growth opportunities.
7. Aditya Birla Sun Life Tax Relief 96
Category: ELSS (Equity Linked Savings Scheme)
Objective: Tax saving with capital appreciation.
Risk Level: High
Performance:
3-Year Returns: 14.5%
5-Year Returns: 13.4%
Why Choose This Fund:
This ELSS fund not only offers tax benefits under Section 80C but also has a strong track record of delivering robust returns, making it a dual-purpose investment.
8. Franklin India Feeder – Franklin U.S. Opportunities Fund
Category: International Fund
Objective: Capital appreciation by investing in U.S. equities.
Risk Level: High
Performance:
3-Year Returns: 20.5%
5-Year Returns: 17.3%
Why Choose This Fund:
For investors looking to diversify internationally, this fund provides exposure to the U.S. market, which has historically offered high returns.
9. SIP in Gold
Category: Metals
Objective: Capital appreciation and inflation protection
Risk Level: Moderate
Performance:
3-Year Returns: 15%
5-Year Returns: 18%
Why Choose Gold:
Choosing gold for SIP offers a hedge against inflation and currency fluctuations, providing financial stability. It’s a safe haven investment that diversifies your portfolio and preserves wealth over time.
10. SIP with P2P Lending Platforms
Category: Alternative Investments
Objective: Stable returns with moderate risk
Risk Level: Moderate
Performance:
3-Year Returns: 12-15%
5-Year Returns: 12-15%
Why Choose P2P Loan Investments:
P2P loan investments offer higher returns compared to traditional savings accounts, fixed deposits and bonds. They provide an opportunity to diversify your investment portfolio by lending directly to individuals or small businesses.
Conclusion
Overall, it’s SIPs in multiple assets is a smart and impactful way to grow your wealth over time. One should also consider newer investments options like investing in P2P lending businesses. It can yield higher returns while diversifying your portfolio. It offers a structured approach to investing, combining the benefits of regular contributions with the potential for significant gains. With P2P lending platforms like Monexo offering detailed borrower profiles and risk assessments, you can make informed decisions about where to invest. Plus, you’ll be directly supporting individuals and small businesses, contributing to economic growth.
