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.
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 | 23.36% |
Franklin India Technology Fund – Direct Plan-Growth | 17.78% |
ICICI Prudential US Bluechip Equity Fund – Direct Plan-Growth | 17.31% |
Parag Parikh Flexi Cap Fund – Direct Plan-Growth | 17.18% |
PGIM India Global Equity Opportunities Fund – Direct Plan-Growth | 14.50% |
Franklin India Feeder – Franklin U.S. Opportunities Fund – Direct-Growth | 13.27% |
Canara Robeco Emerging Equities Fund – Direct Plan-Growth | 12.37% |
Mirae Asset Large Cap Fund – Direct Plan-Growth | 12.13% |
Axis Focused 25 Fund – Direct Plan-Growth | 9.59% |
Edelweiss Greater China Equity Off-shore Fund – Direct Plan-Growth | 8.89% |
Now, let us look at the details of the best mutual funds to invest in SIP for 10 years:
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:
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:
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:
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:
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:
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:
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:
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:
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:
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:
*NAV and returns data valid as on 15 February 2023
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.
Want to put your savings into action and kick-start your investment journey 💸 But don’t have time to do research? Invest now with Navi Nifty 50 Index Fund, sit back, and earn from the top 50 companies.
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.
What is NAV in Mutual Fund – Formula, and Calculation With Example
What is Net Asset Value in Mutual Fund? NAV full form in mutual funds is Net Asset Value which r... Read More »Index Funds – Meaning, Types, Advantages and Disadvantages in 2023
What is an Index Fund? An index fund is a type of mutual fund that invests in a particular stock... Read More »20 Best Mutual Funds to Invest in March 2023 in India
What is a Mutual Fund? A mutual fund is an investment vehicle managed by a professional fund man... Read More »20 Best Flexi Cap Mutual Funds to Invest in India 2023
Flexi-cap funds are mutual fund schemes that aim to invest in stocks of companies across market cap... Read More »20 Best Infrastructure Mutual Funds in India to Invest in March 2023
Infrastructure mutual funds are sectoral mutual funds that primarily invest their corpus in stocks ... Read More »15 Best Hybrid Mutual Funds in India to Invest in March 2023
Hybrid mutual funds are mutual fund schemes that invest in multiple asset classes, including debt a... Read More »Best Large and Mid Cap Funds in India to Invest in March 2023
Large and mid-cap funds are open-ended mutual funds that invest in stocks of large-cap and mid-cap ... Read More »15 Best Short Term Mutual Funds in India to Invest in March 2023
A short-term mutual fund is an open-ended investment instrument with a tenure ranging from one year... Read More »Best Arbitrage Mutual Funds to Invest in India in March 2023
Arbitrage funds are hybrid mutual fund schemes that aim to make low-risk profits by buying and sell... Read More »10 Best Pharma Funds in India to Invest in March 2023
Pharma funds are a type of sectoral funds that invest in pharmaceutical companies. Sectoral funds a... Read More »10 Best Gold Mutual Funds to Invest in India (March 2023)
Gold Mutual Funds are funds that invest in gold and gold-related assets such as bullion, coin... Read More »10 Best Blue Chip Funds to Invest in India in March 2023
Blue-chip funds are basically large-cap funds that invest a major portion of their assets in stocks... Read More »Top 10 Chit Fund Schemes in India in 2023
Chit funds are one of the most popular return-generating saving schemes in India. It is a financial... Read More »10 Best Gold ETFs in India to Invest in March 2023
Gold ETFs or Gold Exchange Traded Funds are passively managed funds that track the price of physica... Read More »10 Best Demat Accounts in India for Beginners in 2023
Creation of Demat accounts revolutionised the way trades were conducted at the stock exchanges.&nbs... Read More »20 Best Index Funds to Invest in India in March 2023
What is an Index Fund? An index fund is a type of mutual fund or exchange-traded fund (ETF) that... Read More »Best Arbitrage Mutual Funds to Invest in India in March 2023
Arbitrage funds are hybrid mutual fund schemes that aim to make low-risk profits by buying and sell... Read More »10 Best SIP Plans in India to Invest in March 2023
What is SIP? SIP or Systematic Investment Plan is a method of investing a fixed amount in ... Read More »10 Best Corporate Bond Funds in India to Invest in March 2023
Corporate bond funds are debt funds that invest at least 80% of the investment corpus in companies ... Read More »10 Best Bank for Savings Account in India 2023 – With Interest Rates
Savings account is a type of financial instrument offered by several banks. It lets you safely depo... Read More »All information is subject to specific conditions | © 2023 Navi Technologies Ltd. All rights are reserved.
Start Small. Dream Big.
Start your Investment Journey with just ₹10