Top 10 SIPs to Invest for Long-Term Growth

SIP stands for Systematic Investment Plan, which is an organized way of investing in various funds offered in the market. It enables you to invest a fixed sum of money at regular intervals, such as monthly or quarterly, rather than all at once. In this article, we’ll cover different SIPs that anyone can consider to invest for long term growth.

HDFC Life BlueChip Fund

This is an open-ended large-cap fund that invests at least 80% of its assets in top large-cap companies, with up to 20% in money market instruments/cash, aiming for medium to long-term capital growth while carrying moderate risk, with an NAV of Rs. 45.1243 as of March 31st, 2024.

PGIM India Mid-Cap Opportunities Fund — Growth

This is an open-ended, highly risky mid-cap equity fund that invests in mid-cap company equities for long-term capital appreciation, with an NAV of Rs. 61.98 as of April 19th, 2024, and a 20.9% return since inception.

Tata AIA Life Insurance Top 200 Fund

This is a top sip to invest as it offers a 20.6% 10-year annualized return as of March 31st, 2024. It’s a moderately risky large-cap fund, that invests in select BSE 200 stocks for long-term capital appreciation, with an NAV of Rs.147.7801.

Axis Bluechip Fund — Growth

This is a moderately high-risk fund aiming for long-term capital growth by investing in a mixed portfolio of large-cap/blue-chip equities and related securities, with a NAV of Rs. 61.60 as of April 19th, 2024, and a 15.34% return since inception.

Tata AIA Whole Life Mid Cap Equity Fund

This is an open-ended, highly risky mid-cap equity fund that aims for long-term capital appreciation by predominantly investing in mid-cap equities with up to 20% in large-caps, having a NAV of Rs. 125.4819 as of March 31st, 2024, and a 10-year return of 21.6%.

Kotak Small-Cap Fund- Growth

The fund aims for capital growth through a diversified equity and related securities portfolio, with an NAV of Rs. 262.02 as of April 19th, 2024, and a 20.96% return since inception.

Axis MidCap Fund — Growth

The fund invests in equity and equity-related instruments of large, mid-size companies, with an NAV of Rs. 105.75 as of April 19th, 2024, a minimum SIP investment of Rs. 100, and a 19.77% return since inception.

Canara Robeco Bluechip Equity Fund — Growth

The fund is focused on capital multiplication through investments in large market capitalization companies, having an NAV of Rs. 61.22 as of April 19th, 2024, and delivering a 15.42% annualized return since its inception.

Max Life Insurance High Growth Fund

The fund focuses on long-term capital growth through high-potential companies, with an NAV of Rs. 93.2632 and a 14.87% annualized return since inception as of March 31st, 2024.

SBI Small-Cap Fund-Growth

The fund focuses on generating income and long-term capital growth through investments in small and mid-cap company equities and related securities, with an NAV of Rs. 175.64 as of April 19th, 2024, and delivering a 26.02% return since its inception.

Conclusion

This article discusses various open-ended equity mutual fund schemes suitable for SIP investments across large-cap, mid-cap, and small-cap categories from asset management companies like HDFC, PGIM India, Tata AIA Life Insurance, Axis, Kotak, Canara Robeco, and Max Life Insurance. The funds cover a range of risk profiles, NAVs (Rs. 45 to Rs. 262 as of March/April 2024), annualized/since inception returns (15% to 26%), and minimum SIP investment amounts (Rs. 100 to Rs. 1,000), providing investors with diverse options for long-term capital growth.