Systematic Investment Plan or SIP is a financial tool that allows investors to investing a fixed sum of money in a mutual fund scheme at regular intervals. SIPs are one of the best investments options available in the market today, as they help you to average out the cost of investment and provides the Rupee Cost Averaging (RCA) benefit. There are a number of factors that one must consider before investing in a SIP, such as the investment goal, time horizon, risk appetite, etc. To help you make the best decision, we have compiled a list of the top SIPs to invest in 2023.
The three most successful Large Cap SIPs of the last 10 years are Nippon India Large cap, ICICI Pru Bluechip Fund and SBI Blue Chip Fund.
Considering a SIP amount of Rs. 10,000 started in November 2012.
In 5 years the value would grown to:
Nippon India Large Cap Fund- 9.35 Lacs
ICICI Pru Bluechip Fund - 9.25 Lacs
SBI Bluechip Fund- 9.01 Lacs
And in 10 years the value would have grown to:
Nippon India Large Cap Fund- 26.40Lacs
ICICI Pru Bluechip Fund - 26.00 Lacs
SBI Bluechip Fund- 25.44 Lacs
To get a detailed list of best performing SIP across various categories of fund you can download the SIP performance report.
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