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When opting for a SIP mutual fund, it is important to conduct a thorough analysis of all the funds available in the market and access your financial goals. ( Image Source : Getty )
Systematic Investment Plans (SIPs) have become increasingly popular amongst investors as a simple and efficient way to invest in the mutual fund market in India. A SIP allows an individual to invest a set amount of money on a regular basis in several kinds of funds and build a wealth source in the long run.
However, with so many choices available in the market, a customer can get very overwhelmed when selecting the apt fund based on their financial needs and goals.
When opting for a SIP mutual fund, it is important to conduct a thorough analysis of all the funds available in the market and access your financial goals. These are some factors one should keep in mind when selecting a SIP fund.
Also Read : EXPLAINED: Understanding The Anatomy Of Systematic Investment Plan
Investment goal - Based on your investment objectives, you should consider what SIP mutual fund suits your needs. For short-term investment needs, debt funds and money market funds provide great yields, while equity funds are more oriented to fulfil long-term investment goals.
Fund House - The fund house has the onus to manage your capital and oversee your investments. When opting for a fund house, do your due diligence and research about them. This research should cover the kind of schemes offered by the fund house, their investment approach, products on offer, etc.
Fund Performance - When selecting a fund, examine its past performance and the returns it has given to investors over different periods. Compare this with the benchmark index and you can also check out the expense ratio of the fund.
Further, the experience of the fund manager also makes a huge impact on how the fund performs.
Also Read : Debt Funds: A Guideline On How To Diversify Your Investment Portfolio And Get Attractive Returns
So now that you know what to consider when selecting your mutual fund, let’s see the best-performing SIP mutual funds in 2024, as per Bankbazaar.
|
Fund Name |
Fund Size (Crores) |
3-year Return (In Percentage) |
5-year Return (In Percentage) |
|
Quant Large and Mid-Cap Fund |
Rs.1,689 |
35.57% |
32.76% |
|
Quant Focused Fund |
Rs.656 |
30.45% |
29.73% |
|
Quant Active Fund |
Rs.8,143 |
30.08% |
34.73% |
|
Parag Parikh Flexi Cap Fund |
Rs.55,034 |
25.28% |
27.02% |
|
Edelweiss Large & Mid Cap Fund |
Rs.2,734 |
24.49% |
25.00% |
|
Mirae Asset Large & Midcap Fund |
Rs.33,295 |
22.27% |
24.48% |
|
Kotak Equity Opportunities Fund |
Rs.18,315 |
24.92% |
24.81% |
|
Edelweiss Large Cap Fund |
Rs.2,734 |
24.49% |
21.73% |
|
Canara Robeco Emerging Equities Fund |
Rs.19,902 |
19.32% |
22.00% |
|
Kotak Bluechip Fund |
Rs.7,447 |
19.45% |
20.73% |
[Disclaimer: Investing in the stock market involves financial risks. Please invest responsibly and only after thorough research and careful consideration. Reader discretion is advised.]
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