Quick Answer: Which Is The Best SIP To Invest Now?

Which type of SIP is best?

Best SIP Investment Plans in IndiaSIP PlansType3 YearReliance Liquid-Treasury Plan(G)Debt Fund6.82%SBI Bluechip FundEquity Fund-3.94%SBI Magnum Balanced FundBalanced Fund9.10%SBI Magnum Gilt Short TermDebt Fund8.78%27 more rows•Jul 12, 2020.

What is Blue Chip Fund?

A blue-chip mutual fund is the one that invests in blue-chip stocks or shares, i.e. in well-established companies with excellent overall financial performance. In this article, we will learn more about blue-chip funds, how they work and much more. Origin of Blue Chip.

Do we lose money in SIP?

Typically negative returns can happen either due to bad markets or bad decisions. Here are four such conditions when your SIP on equity fund could give negative returns. It is quite normal to try and time the SIP. … But if you stop the SIP, then you are left holding on to your SIP at higher prices.

Is SIP better than PPF?

SIP investment in mutual funds are ideal for all, short term, medium term and long term goals. They are ideal for wealth creation and fulfilment of goals. A PPF is ideally suitable for only long term investments of 15 years or more. … SIP investment in mutual funds do not have a defined lock-in period.

Which is the best SIP to invest in 2020?

Best SIP Plans for the Year 2020Fund NameMonthly Investment5 years ReturnICICI Prudential Bluechip Fund500010.81%Kotak Standard Multicap Fund500013.24%Motilal Oswal Focused 25 Fund500012.82%Nippon India large Cap Fund500010.9%6 more rows•Aug 24, 2020

Is LIC better than sip?

LIC, SIP and mutual funds – the bottom line Advise them to, first, aim for financial security by investing in a life insurance plan and then they can plan their investments. … If, however, they want to invest in mutual funds, SIPs are the best way to go about it.

How can I make 10 lakhs in 5 years?

To create a corpus of Rs 10 lakh in five years, with a monthly investment of Rs 11,000, you need to invest in those schemes that generate 17 per cent returns on a compounding basis. While historically, equity schemes have delivered 17 per cent returns over the last five years, it is safe to lower the expectations.

Is SIP safe?

SIP is generally marketed as a safe and sure route for investments in equities to create wealth over the long term. SIP is certainly safe for mutual funds and distributors because they get committed continuous money for the long term on which they can earn a fixed percentage of fees and commissions.

How long should I invest in SIP?

The trade-off is crystal clear–the shorter the period, the higher the potential gain but the worse the possible risk. The answer from this data appears to be that SIPs must last more than three years. If you seek zero risk of loss, then that is the correct answer. However, for many investments, this is too long.

Which fund is best to invest in 2020?

Best Mutual Funds in India for 2020Mirae Asset Large Cap Fund. Small Cap Funds. 8.83% 13.78% Invest.Axis Bluechip Fund. Mid Cap Funds. 14.5% 15.02% Invest.ICICI Prudential Bluechip Fund. Mid Cap Funds. 7.21% 12.1% Invest.SBI Bluechip Fund. MultiCap Funds. 7.48% 11.26% Invest.SBI Magnum Multicap Fund. Balanced Funds. 5.94% 11.6%

Is SIP tax free?

In an SIP investment, you can start investing as low as Rs 100 a month. … Only investments in ELSS mutual funds through SIP have tax exemption of up to Rs 1.5 lakh a year under Section 80C.

Which is the best SIP plan for 1 year?

Top 10 Best SIP plans for 1 year-InvestmentReturns in 3 MonthsReturns in 1 YearAditya Birla Sun Life Savings Fund0.9%7.3%ICICI Prudential Ultra Short Term Fund1.2%7.7%India Bulls Ultra Short Term Fund1.2%6.8%Kotak Savings Fund1.1%6.9%6 more rows

Is SIP better than FD?

Fixed deposit is the best investment option for conservative investors only. … On the other hand, returns cannot be guaranteed in a systematic investment plan or an SIP. There is no doubt in the fact that an SIP provides higher returns in comparison to fixed deposits but there is no guarantee of returns in an SIP.

Is it good to invest in SIP now?

Systematic investment plans or SIPs shield you from many harms. Some of them are short term risks, short term volatility, emotional and impulsive reactions, overspending and so on. SIP plans are one of the safest and most convenient ways to invest in the equity markets of India through mutual funds.

Which SIP is best for 5 years?

Best SIP Plans for 5 Years in Equity FundsAxis Bluechip Fund Monthly SIP Plan. This is an open-ended equity scheme with a track record of outperformance. … ICICI Prudential Blue chip Fund. … SBI Blue chip Fund. … Mirae Asset Large Cap Fund. … SBI Multicap Fund.

Why is SIP bad?

SIPs make it operationally simpler for you to stay with your investments but it may also lead to carelessness in evaluating the performance of their funds. You may end up ignoring the poor performance of your funds for longer periods and this will affect your portfolio’s returns.

How much tax do I pay on SIP returns?

In simple terms, for every single investment (lumpsum or SIP) in equity mutual fund schemes, you do not pay tax if the holding period of the units is greater than a year. You have to pay 15 per cent of your profits (short term capital gains) towards tax if your holding period is less than a year.

Which SIP is best for 2 years?

Aditya Birla Sun Life Savings Fund.ICICI Prudential Ultra Short Term Fund.Kotak Savings Fund.UTI Ultra Short Term Fund.IDBI Ultra Short Term Fund.Invesco India Ultra Short Term Fund.Indiabulls Ultra Short Term Fund.BOI AXA Ultra Short Duration Fund.More items…•