Mutual Funds SIP was quite popular in the last 1 year and it is going to be even more popular as people find it safe to invest in Mutual funds SIP and also get more return in SIP than Bank Fixed deposits.
Top 10 Best SIP Mutual Funds For 2023 – Small Investment Option
SIP (Systematic Investment Plan) investment is boosted in the last 12 months as SEBI has promoted well the SIP as a new saving style and minimised the risk factor in investing in the share market via Mutual Funds. Also, SIP has given the facility of investing in EMIs to Mutual funds which helped many people to invest more and more. To understand SIP Mutual funds, you can check the video attached at the end of this post.
We also suggested Top SIP Mutual Funds in past, now for 2023, we are already Up and listing the best SIP Mutual funds to invest in 2023, so you can start financial planning in advance.
| Fund | AUM (In Crs) | Expense Ratio | 3 Yr Return (%) | 5 Yr Return (%) |
|---|---|---|---|---|
| HDFC Flexi Cap Fund -Direct Plan - Growth Option | 32155 | 1.01 | 22.13 | 12.65 |
| Motilal Oswal Midcap 30 Direct Growth | 3627 | 0.87 | 22.7 | 16.37 |
| Nippon India Multi Cap Fund - Direct Plan - Growth | 14160 | 1.09 | 20.37 | 12.05 |
| Tata Small Cap Fund Direct Growth | 3117 | 0.27 | 30.34 | 0 |
| Nippon India Large Cap Fund - Direct Plan - Growth Plan | 12612 | 1.01 | 18.22 | 11.54 |
| HDFC Top 100 Fund -Direct Plan - Growth Option | 22703 | 1.13 | 17.66 | 10.66 |
| Quant Mid Cap Fund Growth Option Direct Plan | 1273 | 0.63 | 34.69 | 20.15 |
| HDFC Multi Cap Fund Direct Growth | 5880 | 0.41 | 0 | 0 |
| ICICI Prudential Large & Mid Cap Fund Direct Plan Growth | 6210 | 1.1 | 22.16 | 13.18 |
| Tata Large & Mid Cap Fund Direct Plan Growth | 3705 | 0.88 | 17.76 | 13.08 |
| HDFC Large and Mid Cap Fund Direct Growth | 7866 | 1.04 | 21.35 | 12.18 |
| ICICI Prudential Smallcap Fund Direct Plan Growth | 4599 | 0.81 | 27.32 | 14.07 |
| HDFC Index S&P Fund Sensex Plan-Direct Plan | 4142 | 0.2 | 16.07 | 12.59 |
| Nippon India Small Cap Fund - Direct Plan - Growth Plan | 23701 | 0.86 | 32.29 | 16.22 |
| SBI Large & Midcap Fund Direct Growth | 8993 | 1.04 | 19.15 | 13 |
| SBI Bluechip Fund Direct Growth | 35617 | 0.9 | 16.99 | 11.51 |
| ICICI Prudential Bluechip Fund Direct Plan Growth | 35049 | 1.07 | 17.89 | 11.94 |
| Kotak Equity Opportunities Direct Growth | 11555 | 0.59 | 17.47 | 13.23 |
| Baroda BNP Paribas Large Cap Fund Direct Plan Growth Option | 1381 | 0.93 | 15.71 | 12.31 |
These are the Best SIP Mutual Funds Plans to invest in 2023. The main advantage of investing in Mutual funds via SIP is Consistency and discipline. You can consistently invest in one scheme in a disciplined manner, on a per monthly basis. So, how do we choose the best SIP plans?
The first point to consider is the total asset size of mutual funds. We considered Rs.500cr asset size as a benchmark, each mutual fund must have at least Rs.500cr of assets.
The 2nd point considered while choosing SIP is the launch period. The SIP or mutual funds which are older than 5 years are best to invest, At least 5 years is a must.
The 3rd point is Which fund house the mutual fund belongs to.HDFC, Reliance, SBI, Birla Sun Life, ICICI, Franklin are best among all. These are the points we considered while choosing the best SIP Mutual funds to invest in 2023.
These are not only my recommendation, it’s our portfolio too, in these SIP’s I am going to invest in for the next year. Also, I am going to invest in the Stock market too, here is my choice for the stock market, Top 10 Best Stocks to Buy in 2023.
Keep looking for more investment options and build your wealth faster 🙂
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- Mutual Fund SIP Return Calculator Online