10 Best SIP Plan for 10 years India in 2023 – Returns and Performance
Ask any beginner mutual fund investor and most of them would tell you that their preferred mode of investment is SIP or Systematic Investment Plan. That’s because it brings discipline to one’s investment journey. Also, it’s a cost-effective alternative to lump sum investments, considering a few fund houses have set the minimum SIP limit to ₹10. So, if you’re planning for long-term investments, you could consider SIP investments. In this blog, we have listed the best SIP plans for 10 years.
10 Best SIP Plans for 10 Years in India 2023
The table below lists the best SIP mutual funds for 10 years:
| Best SIP Plans for 10 Years | 5–Year Annualised Returns |
| SBI Technology Opportunities Fund – Direct Plan-Growth | 21.56% |
| Franklin India Technology Fund – Direct Plan-Growth | 16.92% |
| ICICI Prudential US Bluechip Equity Fund – Direct Plan-Growth | 17.76% |
| Parag Parikh Flexi Cap Fund – Direct Plan-Growth | 18.27% |
| PGIM India Global Equity Opportunities Fund – Direct Plan-Growth | 15.55% |
| Franklin India Feeder – Franklin U.S. Opportunities Fund – Direct-Growth | 13.26% |
| Canara Robeco Emerging Equities Fund – Direct Plan-Growth | 12.19% |
| Mirae Asset Large Cap Fund – Direct Plan-Growth | 12.18% |
| Axis Focused 25 Fund – Direct Plan-Growth | 8.52% |
| Edelweiss Greater China Equity Off-shore Fund – Direct Plan-Growth | 8.20% |
Disclaimer: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
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Performance of Best SIP Plan for 10 Years in India
Now, let us look at the details of the best mutual funds to invest in SIP for 10 years:
1. SBI Technology Opportunities Fund – Direct Plan-Growth
Considered the best SIP mutual funds for 10 years returns, SBI Technologies Opportunities Fund invests 80% of its assets in equities of technology or technology-related companies. A maximum of 20% is invested in debt or money market instruments while aiming to generate long term capital appreciation for its investors. SBI Technologies Opportunities Fund employs a bottom-up strategy to select stocks. More details are as follows:
- AUM: ₹2861.77 Crore
- NAV: ₹154.42
- Expense Ratio: 0.87%
- Minimum SIP Investment: ₹500
- Category of Fund: Sectoral/thematic mutual fund
- Risk: Very high risk
- Annualised Returns 1 Year: -9.51%
- Annualised Returns 3 Year: 39.77%
- Annualised Returns 5 Year: 21.56%
2. Franklin India Technology Fund – Direct Plan-Growth
Also considered as the best SIP mutual funds for 10 years returns, Franklin India Technology Fund has its assets allocated to technology or technology-dependent companies across various market capitalisations. It invests 95.78% in equities and 4.22% in cash and cash equivalents. Some of its holdings include Infosys Ltd, Tata Consultancy Services Ltd., HCL Technologies Ltd., Tech Mahindra Ltd, etc. More details are as follows:
- AUM: ₹712.41 Crore
- NAV: ₹316.30
- Expense Ratio: 1.22%
- Minimum SIP Investment: ₹500
- Category of Fund: Sectoral/thematic mutual fund
- Risk: Very high risk
- Annualised Returns 1 Year: –10.99%
- Annualised Returns 3 Year: 29.23%
- Annualised Returns 5 Year: 16.92%
3. ICICI Prudential US Bluechip Equity Fund – Direct Plan-Growth
ICICI Prudential US Bluechip Equity Fund is also considered as the best SIP plan to invest for 10 years. This mutual fund invests in equities and equity-linked securities of companies listed on recognised and established stock exchanges in the United States of America. ICICI Prudential US Bluechip Equity Fund also invests in ADRs/GDRs issued by both foreign and Indian companies. Sharmila D’mello and Rohan Maru are the fund managers of this scheme. More details are as follows:
- AUM: ₹2365.38 Crore
- NAV: ₹53.2
- Expense Ratio: 1.22%
- Minimum SIP Investment: ₹100
- Category of Fund: Sectoral/thematic mutual fund
- Risk: Very high risk
- Annualised Returns 1 Year: 6.30%
- Annualised Returns 3 Year: 22.12%
- Annualised Returns 5 Year: 17.76%
4. Parag Parikh Flexi Cap Fund – Direct Plan-Growth
This flexi cap fund, which is known as the one of the best SIP plans to invest for 10 years, is a diversified equity scheme which aims to generate long term capital growth. It allocates a minimum of 65% of its portfolio to shares of companies listed on recognised Indian stock exchanges. People who are looking to invest for a very long term should ideally invest in this scheme. Check below for more important details:
- AUM: ₹29953.06 Crore
- NAV: ₹53.40
- Expense Ratio: 0.75%
- Minimum SIP Investment: ₹1,000
- Category of Fund: Flexi cap fund
- Risk: Very high risk
- Annualised Returns 1 Year: 1.02%
- Annualised Returns 3 Year: 35.94%
- Annualised Returns 5 Year: 18.27%
5. PGIM India Global Equity Opportunities Fund – Direct Plan-Growth
This open-ended mutual fund invests in PGIM Jennison Global Equity Opportunities Fund. Its underlying benchmark index is MSCI All-Country World Index. The investment portfolio of PGIM India Global Equity Opportunities Fund is quite diverse as it invests in overseas mutual fund units. If you wish to invest, take a look at its details:
- AUM: ₹1336.46 Crore
- NAV: ₹32.4
- Expense Ratio: 1.44%
- Minimum SIP Investment: ₹1,000
- Category of Fund: Fund of funds
- Risk: Very high risk
- Annualised Returns 1 Year: –8.04%
- Annualised Returns 3 Year: 17.08%
- Annualised Returns 5 Year: 15.55%
6. Franklin India Feeder – Franklin U.S. Opportunities Fund – Direct-Growth
Indian investors can invest in companies in the USA through this scheme. This mutual fund aims to invest in companies holding the potential for massive growth across market capitalisations and industries. When it comes to asset allocation, this scheme invests 99.17% in equities. Check the details below to know more:
- AUM: ₹2880.45 Crore
- NAV: ₹50.21
- Expense Ratio: 0.72%
- Minimum SIP Investment: ₹500
- Category of Fund: Fund of Fund
- Risk: Very high risk
- Annualised Returns 1 Year: -11.82%
- Annualised Returns 3 Year: 13.71%
- Annualised Returns 5 Year: 13.26%
7. Canara Robeco Emerging Equities Fund – Direct Plan-Growth
This mutual fund invests in large and mid-cap stocks intending to generate long term capital appreciation. It identifies promising companies holding the potential to become industry leaders in the future and employs a bottom-up investment strategy. Another important feature is this scheme actively stays away from the herd behaviour of running after short-term profits. More details are as follows:
- AUM: ₹15261.98 Crore
- NAV: ₹173.89
- Expense Ratio: 0.6%
- Minimum SIP Investment: ₹1,000
- Category of Fund: Large and mid cap fund
- Risk: Very high risk
- Annualised Returns 1 Year: -1.33%
- Annualised Returns 3 Year: 31.32%
- Annualised Returns 5 Year: 12.19%
8. Mirae Asset Large Cap Fund – Direct Plan-Growth
The Mirae Asset Large Cap Fund invests in those companies which have a potential for sustainable economic growth and the chance to become sectoral leaders. The NIFTY 100 is the underlying benchmark index of this fund and Gaurav Misra and Gaurav Khandelwal are its current fund managers. More details are provided below:
- AUM: ₹32910.58 Crore
- NAV: ₹84.81
- Expense Ratio: 0.54%
- Minimum SIP Investment: ₹1,000
- Category of Fund: Large cap fund
- Risk: Very high risk
- Annualised Returns 1 Year: -0.58%
- Annualised Returns 3 Year: 29.42%
- Annualised Returns 5 Year: 12.18%
9. Axis Focused 25 Fund – Direct Plan-Growth
This scheme invests in the shares of companies which have the strength to go through all kinds of business cycles without getting much affected by market movements. To be precise, its portfolio comprises high-conviction stocks. It is also well-diversified across various sectors to mitigate risks. More details are provided below:
- AUM: ₹15139.75 Crore
- NAV: ₹41.48
- Expense Ratio: 0.74%
- Minimum SIP Investment: ₹100
- Category of Fund: Focused fund
- Risk: Very high risk
- Annualised Returns 1 Year: -14.82%
- Annualised Returns 3 Year: 19.96%
- Annualised Returns 5 Year: 13.81%
10. Edelweiss Greater China Equity Off-shore Fund – Direct Plan-Growth
You can consider investing in this scheme if you wish to invest in established companies in China, Taiwan and Hong Kong. Its underlying fund is the JPMorgan Funds – Greater China Fund. Its investment portfolio comprises 50 high-conviction stocks. An important part of the portfolio of this mutual fund is that it complies with environmental, social and governance standards (ESG). More details are as follows:
- AUM: ₹1897.84 crore
- NAV: ₹43.21
- Expense Ratio: 1.44%
- Minimum SIP Investment: ₹500
- Category of Fund: Fund of funds
- Risk: Very high risk
- Annualised Returns 1 Year: -1.12%
- Annualised Returns 3 Year: 8.60%
- Annualised Returns 5 Year: 8.20%
*NAV and returns data valid as on 4th April 2023
Final Word
More and more people are opting for mutual funds as their preferred investment option because of the SIP facility. An important benefit is that an SIP can be started with a low investment amount. But, before investing in one of the best SIP plans for 10 years, do not forget to decide on an investment goal and assess your risk profile. It will help you narrow down your search for the ideal scheme.
For low-cost investing via SIP, consider investing with Navi Mutual Fund. With Navi Mutual Fund, you can get access to a wide range of low-cost funds. What’s even better – you can start investing with ₹10!
Listed below are the top 5 best SIP mutual funds for the 10 years:
-SBI Technology Opportunities Fund – Direct Plan-Growth
-Franklin India Technology Fund – Direct Plan-Growth
-ICICI Prudential US Bluechip Equity Fund – Direct Plan-Growth
-Parag Parikh Flexi Cap Fund – Direct Plan-Growth
-PGIM India Global Equity Opportunities Fund – Direct Plan-Growth
Always remember that different mutual funds have different objectives and risks. So, before you choose a scheme, analyse your risk profile and financial requirements. Choose funds that are well-aligned with your investment goals and risk profile.
A SIP where the aggregate of instalments in a financial year does not exceed ₹50,000 is referred to as a micro SIP. Individuals and NRIs can opt for micro SIPs.
Stepping up SIP contributions for a limited time frame is not a very systematic or disciplined investment plan. Financial experts recommend spreading out the amount over an extended time frame.
SIP is simply a mode of investing in mutual funds. The risks of investing via SIPs depend solely on the risk of investing in a certain mutual fund. As all mutual funds are market-linked products, they are not risk-free. But, if we go by the past performances of diversified equity funds, we will see that SIPs have not generated negative returns for the past 10 years.
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
