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Best SIP Plan for 3 years in 2024

SIP Plan for 2024

Understanding SIP

Investing in Systematic Investment Plans (SIPs) has become a popular choice for investors looking for disciplined and regular investment options. SIPs allow investors to invest a fixed amount at regular intervals, making it a cost-effective and efficient way to build wealth. Here, we will explore some of the best SIP plans for a 3 years horizon in 2024.

Consistent investments, coupled with a disciplined approach to saving, foster a habit that ultimately facilitates wealth accumulation. The Rupee Cost Average, by balancing the investment cost, mitigates the effects of market fluctuations when a specific amount is invested at regular intervals. This strategy could potentially enhance long-term gains by purchasing more units when prices are low and fewer units when prices are high.

Systematic Investment Plans (SIPs) benefit from compounding returns, which allow the earned returns to create further profits by using the Power of Compounding. Long-term investment growth can be significantly impacted by this compounding effect. A lot of fund companies offer online start for a hassle-free experience. SIPs are highly convenient because they are simple to start, operate, and conclude according to your individual tastes. SIPs’ flexibility also enables investors to select a contribution that fits within their budget and modify it in response to changes in their personal financial circumstances.

Best SIP Plan in 2024

Here are the best ways and the most up-to-date and personalized investment advice tailored to your financial goals and risk tolerance in 2024.

Equity Funds

One kind of mutual fund that specializes in stock investments is called an equity fund. These funds’ main objective is to provide large returns over an extended period. For investors who are prepared to assume more risk in exchange for the possibility of larger profits, they provide a terrific option.

The stock market and an equity fund’s success are strongly related. The fund’s value may rise dramatically during a strong market performance. On the other hand, the fund’s value may drop during market downturns. Over time, equities funds may provide larger returns than other investment kinds despite their volatility.

Now, let’s talk about a few of the best-performing stock funds. Investors favour these funds because they have consistently increased in value over the last three years. In the three years since its introduction, the Quant Small Cap Fund Direct Plan-Growth, for example, has yielded an impressive 44.82% return. Both the ICICI Prudential Technology Direct Plan-Growth and the Tata Digital India Fund Direct-Growth have demonstrated outstanding results.

But it’s fundamental to keep in mind that past achievement does not guarantee future outcomes. Thus, before making any investing decisions, careful look through and even speaking with a financial counsellor is advised.

Debt Funds

One kind of mutual fund that makes investments in fixed income securities is a debt fund. Treasury bills, corporate bonds, government bonds, and other money market instruments could be examples of these securities. These funds’ main objective is to give investors consistent returns.

Debt funds are thought to be safer than equity funds, which invest in stocks and are vulnerable to the volatility of the stock market. This is because these funds have a set income. Investing in a debt fund is equivalent to lending money to the company issuing it. They consent to pay you a specific interest rate in exchange for returning the principal amount to you when it matures.

Certain debt funds have continuously produced impressive returns, even if the precise funds may differ depending on the state of the market and fund performance. To provide investors with the highest returns possible, these funds are managed by seasoned fund managers who carefully choose and oversee a portfolio of fixed income assets.

Diversified Funds

Mutual funds that invest in a broad range of securities, including both debt (bonds) and equity (stocks), are known as diversified funds. These funds aim to achieve risk-reward parity by distributing investments among various asset classes. Diversification is a tactic that can be used to lessen possible losses. Even if one investment does not perform well, there’s a good chance that another will, making up for the loss.

The funds you mentioned – Parag Parikh Flexi Cap Fund Direct-Growth, Quant Large and Mid-Cap Fund Direct-Growth, and Edelweiss Large & Mid Cap Direct Plan-Growth – are examples of top-performing diversified funds. Each of these funds has its own unique investment strategy and portfolio composition.

The Parag Parikh Flexi Cap Fund Direct-Growth, for instance, is a flexible capitalization fund that invests in companies of all sizes, from large-cap to small-cap. The Quant Large and Mid-Cap Fund Direct-Growth invests in a mix of large and mid-cap companies, which can offer a balance of stability and growth potential. The Edelweiss Large & Mid Cap Direct Plan-Growth, on the other hand, focuses on large and mid-cap companies that offer potential for long-term growth.


The funds listed above are excellent choices for prospective investors since they have demonstrated remarkable growth and consistency over the last three years. However, given that mutual fund performance is naturally vulnerable to market risks, it is imperative to approach such investments with caution.

To manage expectations and encourage well-informed decision-making, it is crucial to point out the point that past performance does not guarantee future outcomes. People are recommended to consult a financial expert as a safety precaution before making any investing decisions.

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