Top 10 mutual funds for Sip to invest in 2024 ( Main Keyword )
Systematic Investment Plan (SIP) is a method that empowers individuals to select a mutual
fund as per their choice and invest a fixed amount consistently over time.
Unlike traditional lump sum investments, SIP adopts a gradual, bit-wise approach, adjusting
investments from small to large sums according to individual preferences, needs and
financial objectives.
Mutual funds extend the choice of SIP, single sum, or a combination of both investment
options. A key attraction is the ability to make monthly investments of various sizes through
SIPs provide investor diversification and cost-averaging benefits of Rs.
HDFC Mid-Cap Opportunities Fund
● Fund House: HDFC Mutual Fund
● Expense Ratio: 1.5%
● Volatility, shared deviation: 15.11 vs. 14.97
● Volatility, beta version: 0.9 vs. 0.88
● Total return since inception: 1329.75%
● Portfolio Turnover Ratio: 12.35%
● Tracking error: 4.65%
The fund keeps 93.96 percent of its savings in local stocks. Of this, 5.16 percent are in
large-cap stocks, 54.07 percent in mid-cap stocks, and 18.58 percent in small-cap stocks.
ICICI Prudential Bluechip Fund
● Fund House: ICICI Prudential Mutual Fund
● Expense Ratio: 1.56%
● Volatility, shared deviation: 13.4 vs. 14.03
● Volatility, beta version: 0.91 vs. 0.94
● Total return since inception: 761.20%
● Portfolio Turnover Ratio: 23.00%
● Tracking error: 6.18%
The fund allocates 90.89 percent of its investments to local stocks, with 79.12 percent to
large-cap stocks, 5.63 percent to mid-cap stocks and 0.36 percent to small-cap stocks.
Additionally, 0.5 percent of the fund is invested in debt, 0.51 percent mainly in government
securities.
HDFC Flexi Cap Fund
● Fund House: HDFC Mutual Fund
● Expense Ratio: 1.57%
● Volatility, shared deviation: 14.82 vs. 14.24
● Volatility, beta version: 0.96 vs. 0.94
● Total return since inception: 14572.15%
● Portfolio Turnover Ratio: 24.52%
● Tracking error: 7.50%
The fund holds 88.57 percent of its investments in local equities, with 62.49 percent in
large-cap stocks, 5.99 percent in mid-cap stocks and 3.98 percent in small-cap stocks.
Nippon India Small Cap Fund
● Fund House: Nippon India Mutual Fund
● Expense Ratio: 1.53%
● Volatility, shared deviation: 15.98 vs. 15.1
● Volatility, beta version: 0.89 vs. 0.81
● Total return since inception: 1236.02%
● Portfolio Turnover Ratio: 19.00%
● Tracking error: 0.0%
The fund allocates 96.26 percent of its investments to domestic equities, with 5.35 percent to
large-cap stocks, 8.64 percent to mid-cap stocks and a significant 56.38 percent to small-cap
stocks.
Nippon India Multicap Fund
● Fund House: Nippon India Mutual Fund
● Expense Ratio: 1.67%
● Volatility, shared deviation: 15.27 vs. 14.67
● Volatility, beta version: 0.99 vs. 0.92
● Total return since inception: 2125.12%
● Portfolio Turnover Ratio: 30.00%
● Tracking error: 10.18%
The fund has a portfolio that invests 98.37 percent in domestic equities. Of these, 36 percent
are in large-cap stocks, 21.97 percent in mid-cap stocks and 23.75 percent in small-cap
stocks.
SBI Contra Fund
● Fund House: SBI Mutual Fund
● Expense Ratio: 1.7%
● Volatility, shared deviation: 13.44 vs. 13.95
● Volatility, beta version: 0.86 vs. 0.93
● Total return since inception: 1795.84%
● Portfolio Turnover Ratio: 204.00%
● Tracking error: 6.84%
The fund allocates 76.23 percent of its investments to domestic equities, with 34.51 percent
to large-cap stocks, 17.62 percent to mid-cap stocks and 9.51 percent to small-cap stocks.
Additionally, 6.21 percent of the fund is invested in debt, with the entire debt allocation in
government securities.
SBI Long Term Equity Fund
● Fund House: SBI Mutual Fund
● Expense Ratio: 1.72%
● Volatility, shared deviation: 13.42 VS 13.81
● Volatility, beta version: 0.92 VS 0.91
● Total return since inception: 3091.43%
● Portfolio Turnover Ratio: 17.00%
● Tracking error: 3.66%
The fund has 93.28 percent of its investments in domestic equities, 54.47 percent in
large-cap stocks, 13.88 percent in mid-cap stocks and 11.8 percent in small-cap stocks.
UTI Nifty 50 Index Fund Direct-Growth
● Fund House: UTI Mutual Fund
● Expense Ratio: 0.21%
● Volatility, shared deviation: 14.51 vs. 14.89
● Volatility, beta version: 0.99 vs. 0.83
● Total return since inception: 287.42%
● Portfolio Turnover Ratio: 4.00%
● Tracking error: 0.13%
This fund follows a passive investment strategy in a diversified portfolio of Nifty 50 stocks.
HDFC Large and Mid Cap Funds
● Fund House: HDFC Mutual Fund
● Expense Ratio: 1.57%
● Volatility, shared deviation: 14.82 vs. 14.24
● Volatility, beta version: 0.96 vs. 0.94
● Total return since inception: 14572.15%
● Portfolio Turnover Ratio: 24.52%
● Tracking error: 5.12%
The fund has a portfolio with 95.81 percent invested in domestic equities; 38.05 percent are
in large-cap stocks, 29.47 percent in mid-cap stocks and 9.06 percent in small-cap stocks.
HDFC Focused 30 Fund
● Fund House: HDFC Mutual Fund
● Expense Ratio: 1.76%
● Volatility, shared deviation: 13.88 vs. 14.26
● Volatility, beta version: 0.9 vs. 0.93
● Total return since inception: 1594.39%
● Portfolio Turnover Ratio: 18.84%
● Tracking error: 7.04%
The fund maintains 83.14 percent investment in domestic equities, with a composite
breakdown of 55.86 percent in large-cap stocks, 7.5 percent in mid-cap stocks and 4.19
percent in small-cap stocks.
How to choose the best SIP for investment?
Choosing the right mutual fund for your SIP investments among over 5,500 options in India
can be challenging. To navigate it, consider the following key points:
● Investment objectives: Determine your investment goals, whether short-term (eg,
buying a car) or long-term (eg, children's education or retirement). Align your
investments with your risk tolerance.
● Fund House Knowledge: Thoroughly research the fund house responsible for
managing your money. Assess the number of schemes they offer, their investment
methodology and availability of innovative products.
● Performance Analysis: Evaluate the fund's historical returns over different periods
and compare it with the benchmark index. Please perform a web search for this
information.
● Expense ratio and load: Even small costs like expense ratio and load can
significantly affect long-term earnings. Choose funds with low or no load price and
minimum expense ratio. Find this information in the scheme document or fund fact
sheet.
● Fund manager's experience: Investigate the fund manager's track record, especially
during market downturns. A seasoned fund manager with expertise across investment
categories is crucial for efficient portfolio management and superior returns.