10 Best SIP Plans for 20 years in India to Invest in 2023 | 5paisa (2024)

(The returns in the above table are subject to market risks and do not represent any kind of chronological sequence. Please exercise caution before investing.)

Best SIP Plans to Invest for 20 Years

Mirae Asset Large Cap Fund

With an AUM of Rs 32,851 crore as on March 2023, Mirae Asset Large Cap Fund is one of the best-performing large-cap equity funds in India. The fund has consistently outperformed its benchmark index, making it a popular choice among investors. The minimum SIP investment is Rs 1,000 per month, and the expense ratio is 1.59% for regular plans. The fund's risk is moderately high, and the annualised returns for 1 year, 3 years, and 5 years are negative 1.57%, 28.39%, and 11.01%, respectively.

HDFC Mid-Cap Opportunities Fund

HDFC Mid-Cap Opportunities Fund is a mid-cap fund that invests in companies that have the potential to grow in the long-term. With an AUM of Rs 35,173 crores as on March 2023, the fund has a NAV of Rs 101.63 as on April 10, 2023 and an expense ratio of 1.75% for regular plans. The minimum SIP investment for the fund is Rs 100. It falls under the mid-cap category of funds and has a high-risk profile. The annualized returns for the fund are 8.8% for 1 year, 35.46% for 3 years, and 11.75% for 5 years.

Kotak Emerging Equity Fund

Kotak Emerging Equity Fund is a high-risk fund with an AUM of Rs 24,407 crore as of March 2023. The fund primarily invests in mid-cap companies with high growth potential. The minimum SIP investment is Rs 100 per month, and the expense ratio for regular plan is 1.68%. The annualized returns for 1 year, 3 years, and 5 years are 1.59%,34.47%, and 13.05%, respectively.

ICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund is a popular mutual fund scheme in the hybrid category that offers investors a blend of equity and debt investmentswith an AUM of Rs 44,700 crore as of March 2023. The fund's portfolio primarily consists of 52% in equity, 26% in debt, 2% in real estate and 20% in cash with a minimum SIP investment of Rs 100 per month. The expense ratio is 1.57% for regular plan, and the fund's risk is moderate. The annualized returns for 1 year, 3 years, and 5 years are 5.64%, 18.32%, and 9.53%, respectively.

SBI Small Cap Fund

SBI Small Cap Fund is a high-risk fund with an AUM of Rs 15,590 crore as of March 2023. The fund's portfolio primarily consists of small-cap companies with high growth potential. The minimum SIP investment is Rs 500 per month, and the expense ratio as on March 2023 for a regular plan is 1.83%. The annualized returns for 1 year, 3 years, and 5 years are 2.99%, 36.47%, and 13.45%, respectively.

Conclusion

In conclusion, investing in SIPs can be an effective way of creating long-term wealth and securing your financial future. As we discussed in this comprehensive guide, there are numerous SIP plans available in India, making it challenging for investors to choose the right one for their investment needs. However, we have carefully curated a list of the 10 Best SIP Plans for 20 years in India to Invest in 2023.

Each of the SIP plans on this list has its unique features and benefits, including a diverse portfolio of stocks, bonds, and other financial instruments, low expense ratios, and good track records. We have also considered the fund manager's experience, investment style, and the fund house's reputation to ensure that we recommend only the best SIP plans for our readers.

We believe that investing in SIPs can help you achieve your financial goals and create long-term wealth. However, it is essential to remember that investing in mutual funds carries some risks, and past performance is not a guarantee of future returns. Therefore, investors should consult a financial advisor and carefully consider their risk appetite before investing in any SIP plan.

In summary, investing in the 10 Best SIP Plans for 20 years in India to Invest in 2023, can be a sound investment decision for those looking to create wealth over the long-term. We hope that our guide has helped you make an informed decision about your investment choices and wish you all the best for your investment journey.