Invest in Best SIP Plan for 10 years
Explore the best 10-year SIP plans in India for 2024. Learn how these long-term investment plans can help you achieve substantial growth and financial goals.
Best SIP Plans for 10 Years
| Fund Name | AUM (₹ Cr) | Expense Ratio | NAV (₹) | Risk | 10-Year Return (%) |
|---|---|---|---|---|---|
| Kotak Blue-chip Fund | ₹8,847.88 | 1.75% | ₹549.70 | Very High | 128.93% |
| Nippon India Large Cap Fund | ₹29,533.68 | 1.61% | ₹86.50 | Very High | 157.56% |
| ICICI Prudential Value Discovery Fund | ₹45,470.95 | 1.56% | ₹444.39 | Very High | 189.56% |
| SBI Blue Chip Fund | ₹49,176.64 | 1.51% | ₹87.64 | Very High | 119.40% |
| Edelweiss Balanced Advantage Fund | ₹11,720.55 | 1.59% | ₹49.00 | Very High | 97.79% |
| Mirae Asset Large Cap Fund | ₹39,951.46 | 1.52% | ₹107.28 | Very High | 120.12% |
| Canara Robeco Bluechip Equity Fund | ₹13,930.64 | 1.66% | ₹59.44 | Very High | 134.91% |
| Sundaram Focused Fund – Growth | ₹1,110.63 | 2.23% | ₹157.55 | Very High | 136.68% |
What is an SIP?
SIP stands for Systematic Investment Plan, a way of investing in mutual funds by making regular, fixed payments over an investment horizon. It’s like a savings plan that allows you to accumulate wealth gradually. SIPs are beneficial because they benefit from the power of compounding. Everyone should consider SIPs as they offer a simple, disciplined way to build wealth over the long term, even with small, regular contributions.
Benefits of Investing in SIP for 10 years
- Power of Compounding: Over a period of 10 years, even a small investment can grow into a significant corpus can grow into a bigger margin through the power of compounding
- Weather Market Fluctuations: A 10-year time horizon allow you to weather all kinds of market fluctuations and provide optimal returns
- Rupee Cost Averaging: Investing a fixed amount regularly helps average out market volatility, buying more units when prices are low and fewer when prices are high
- Achieve your long term goals: A 10-year investment horizon aligns well with your long-term goals like retirement or children’s education, providing ample time for growth
SIP Calculator
SIP Calculator
Things to Consider while investing in SIP for 10 years
- Investment Objective: Evaluate your long-term financial goals. Be it’s your retirement, education, or wealth creation, your investment will align with your goals
- Risk Tolerance: Evaluate your risk tolerance. Understand equity funds are heavily reliant on prevailing market conditions
- Historical Performance: Review the fund’s performance over the past 10 years. Consistent returns are an indicator that fund is good to invest
- Fund Manager’s Expertise: Consider the track record of the fund manager. A skilled manager can significantly impact the fund’s performance.
- Expense Ratio: Consider the expense ratio, as lower expenses can yield larger returns. Compare the expense ratio of various funds
- Investment Horizon: Ensure the fund’s strategy aligns with your long term ambitions. A long investment horizon will help you attain your goals
FAQ on Invest in SIP for 10 years
1. Is it possible to withdraw money from my SIP before the 10-year period ends?
Yes, you can withdraw your money at any time, but you may be charged an exit value and also withdrawing would affect your long term investment goals
2. What are the tax implications of investing in SIPs for 10 years?
Long-term capital gains (LTCG) tax applies to equity mutual funds with gains above ₹1.5 lakh taxed at 12.5%
3. How do I monitor the performance of my SIP investments?
You can track your SIP performance through the AMC app, also through our Mutual Fund Aggregator sites like Fincover, which will give you a complete detailing about your investment
4. What should I do if the market is down during my 10-year SIP investment period?
Market downturns are inevitable. It is advisable to buy more units at lower prices, as the market would recover sometime later eventually boosting your returns
5. Can I have multiple SIPs running simultaneously?
The more the merrier. Multiple SIPs means you have the ability to generate more revenue also diversifying your portfolio
