A systematic investment plan (SIP) could be a convenient mode or style of investing in mutual funds as an SIP can generally be started with a small amount. But more importantly, an SIP inculcates in you a habit of forced savings and financial discipline – which could be useful qualities to have if you want to generate long-term wealth. You can opt for this investment route to invest a fixed amount at regular intervals, such as weekly, fortnightly, monthly, or quarterly into a mutual fund of your choice and get returns in line with the growth potential of the fund.
In this blog, we have taken a close look at some of the best SIP plans for 15 years.
The table below provides a list of the best SIP mutual funds for 15 years:
|Best SIP Plans for 15 Years||5-Year Annualised Returns*|
|Tata Digital India Fund-Direct Plan-Growth||22.73%|
|ICICI Prudential Technology Fund-Direct Plan-Growth||21.95%|
|Quant Infrastructure Fund-Direct Plan-Growth||20.32%|
|Parag Parikh Flexi Cap Fund-Direct Plan-Growth||18.27%|
|PGIM India Flexi Cap Fund-Direct Plan-Growth||15.74%|
|Quant Large and Mid-Cap Fund-Direct Plan-Growth||13.91%|
|Mirae Asset Emerging Bluechip Fund-Direct Plan-Growth||14.85%|
|Canara Robeco Emerging Equities Fund-Direct Plan-Growth||12.19%|
|SBI Bluechip Fund-Direct Plan-Growth||11.16%|
|ICICI Prudential Mid Cap Fund-Direct Plan-Growth||10.34%|
Let us look at the details of the best SIP plans to invest for 15 years:
This mutual fund was launched on 4th December, 2015, and invests a minimum of 80% of its total assets in equities or equity-linked instruments of Information Technology (IT) companies in the software, hardware and ITes domains in India. Based on its past 5-year annualised returns, this fund could make it to the list of the best SIP plans for 15 years. The primary objective of this scheme is to generate long-term capital appreciation. Some other important details are as follows:
ICICI Prudential Technology fund is an open-ended equity scheme which invests in technology or technology-dependent companies. It has holdings in Infosys Ltd., Tata Consultancy Services Ltd., Bharti Airtel Ltd., HCL Technologies Ltd., Wipro and Tech Mahindra among others. Some interesting details are as follows:
The Quant Infrastructure Fund was launched in September 2007, and it aims to deliver capital appreciation and long term growth opportunities. The investment portfolio of this open-ended equity scheme comprises equities of infrastructure-focused companies. The Nifty Infrastructure Index is its underlying benchmark. Check its details below:
The Investment portfolio of this diversified equity scheme is not limited by market capitalisation, sector or geography. But, it allocates an average of 65% of its corpus in equities listed on established stock exchanges to receive capital gains tax benefits reserved for such schemes. If you are interested in investing for a very long tenure, you can consider the Parag Parik Flexi Cap fund. Check its details below:
This flexi cap equity scheme, which based on some parameters, could be among the best SIP mutual funds for 15 years, was previously known as PGIM India Diversified Equity Fund. It invests across large-cap, mid-cap and small-cap stocks. The primary objective of PGIM India Flexi Cap Fund is to generate capital appreciation and income by investing in equities and equity-linked instruments including derivatives. Here are some important details for your reference:
The investment portfolio of this scheme comprises equities of large and mid cap companies. Its primary objective is to generate long-term capital appreciation which makes it one of the ideal mutual fund investment options for 15 years. Quant Multi Asset Multi-Manager conducts its research to recognise cross-asset and cross-market inflexion points, and allocates assets accordingly. Check the details of this scheme below:
This mutual fund is an open-ended scheme investing in both large cap and mid cap stocks. The fund must invest 35% to 65% in large-cap companies and 35% to 65% in mid-cap companies. If you wish to be a part of the growth of emerging companies, which could become market leaders, consider staying invested in this fund for a long period. Check its details below:
Based on some parameters, such as consistent past performance, this could be among the best sip plans to invest for 15 years. This fund generally invests in high-conviction large and mid-cap companies that hold the potential to become industry leaders in the future. It uses a bottom-up strategy to select stocks of large- and mid-cap companies. This is an ideal investment option for a long tenure. If interested, check its details below:
This is an open-ended equity scheme investing in large-cap stocks to generate long term growth. Sohini Andani and Mohit Jain are the fund managers of this scheme. It combines a bottom-up and top-down investment strategy to choose stocks across various sectors. The SBI Bluechip Fund was officially launched on January 2, 2013. If you wish to invest in this scheme, check out its details below:
The ICICI Prudential Mid Cap Fund was launched on 28th October, 2004, with the aim of generating capital appreciation by investing in mid-cap stocks across multiple sectors. The top five holdings of this scheme include TVS Motor Company Ltd., Max Financial Services Ltd., Jindal Steel and Power Ltd., and Steel Authority of India Ltd. And NMDC Ltd. The details of this mid-cap fund have been provided below:
*Data valid as on 4th April, 2023
Disclaimer: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Now that you have an overview on some of the best SIP plans for 15 years, you could consider investing in mutual funds with a long-term capital generation and appreciation objective. A systematic investment plan inculcates financial discipline and promotes the benefits of delayed gratification.
But, if you want to start small and go steady, here’s an idea. Why don’t you try investing in a Navi Mutual Fund scheme, starting at just ₹10? It could help you know more about the world of mutual fund investing, maximise your profit margin, in line with the performance of underlying indices of these funds, and build a habit of saving. But, please consider your financial objectives, risk appetite, and current circumstances before investing in a mutual fund.
Disclaimer: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Looking for the best sip mutual fund for 15 years? Here are some options that you could consider:
-Tata Digital India Fund-Direct Plan-Growth
-ICICI Prudential Technology Fund-Direct Plan-Growth
-Quant Infrastructure Fund-Direct Plan-Growth
-Parag Parikh Flexi Cap Fund-Direct Plan-Growth
-PGIM India Flexi Cap Fund-Direct Plan-Growth
Some of the top mutual funds have delivered 5-year annualised returns in excess of 20%. But, by conservative estimates, you could expect annualised returns between 12% and 18% p.a. over a period of 15 years, provided the market remains relatively stable during this period. Let us assume, you get a constant 12% p.a. return throughout the period. Under these conditions, if you invest ₹20,000 per month via SIP for the next 15 years, this is how your earnings could look like:
–Invested Amount ₹36,00,000
–Est. Returns ₹64,91,520
–Total Value ₹1,00,91,520
*Based on Navi Mutual Fund Calculator estimates
The SIP amount will stop getting debited from your bank account if you cancel your SIP. You don’t have to pay any penalty and the amount already deposited will remain invested and continue to generate returns.
Investing via the SIP mode promotes financial discipline among investors. Also, due to the concept of rupee cost averaging, the average cost of each unit purchased over a period of time could come down. This could increase the returns potential of your investment. When the market goes down, you get to purchase more fund units with the same amount which significantly lowers the average cost. On the other hand, when the market recovers, you could expect better returns. So, you could benefit either way. However, please note that mutual fund investments are subject to market risks, so please read all scheme-related documents carefully.
Generally, fund houses don’t specify maximum tenures for SIP investments and you can invest for as long as you want. Financial experts recommend setting an investment goal before beginning an SIP investment. Once you achieve that goal, you could cancel your SIP and redeem your fund units.
Going by historical data, some of the best SIP mutual funds for 15 years have delivered returns in excess of 15% p.a. over a course of 15 years. However, even by conservative estimates, you could expect 12% p.a. returns, subject to credit, liquidity, inflation, and other market risks. So, please consider your risk tolerance, investment objective, the tax implications, and liabilities before starting a long-term investment.
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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.
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