Worthy equity mutual fund considerations for SIP

Worthy equity mutual fund considerations for SIP

Henil Shah

Nothing beats establishing a SIP in equity mutual funds right now, when markets are turbulent. In this post, we will discuss the best equity funds for SIP.

Although the markets are exhibiting indications of improvement, the India VIX (volatility index) remains over 18. However, the Nifty 50 has broken beyond its critical resistance level of 16,400. Concerns remain as a result of the current economic scenario in India and internationally, with domestic quarterly earnings being a mixed bag.

 

However, nothing beats beginning a Systematic Investment Plan (SIP) in equity mutual funds. In the current environment, investing in equity mutual funds via SIP makes more sense since you may accumulate more units at lower Net Asset Values (NAVs). If you currently have an ongoing SIP in equity mutual funds, increasing those SIPs now will be very helpful in the long term.

 

Equity MF Category

Returns (%) *

Large Cap

-2.5

Large & MidCap

-3.1

Flexi Cap

-3.6

Multi-Cap

-2.8

Mid Cap

-2.7

Small-Cap

-3.9

Value-Oriented

-1.8

ELSS

-3.0

Sectoral - Banking

-2.5

Sectoral - Infrastructure

-0.8

Sectoral - Pharma

-2.7

Sectoral - Technology

-12.8

Thematic

-1.2

Thematic - Consumption

0.0

Thematic - Dividend Yield

-1.9

Thematic - Energy

-1.9

Thematic - ESG

-4.3

Thematic - MNC

-3.3

Thematic - PSU

3.1

International

-5.2

* Trailing 3-Month returns

 

The standard SIP plan would provide you with average returns owing to rupee cost averaging, but increasing SIPs during such uncertain periods would always have an advantage over the standard SIP approach. As a result, we will present the best equity mutual funds for SIP in this post.

 

Trailing SIP Returns (%)

3-Year

5-Year

10-Year

15-Year

20-Year

SBI Contra Fund

31.98

20.27

15.20

12.99

17.46

Nippon India Growth Fund

23.78

17.19

15.90

14.49

19.14

Taurus Discovery (Midcap) Fund

16.77

12.84

15.02

13.67

13.63

UTI Flexi Cap Fund - Regular Plan

15.04

13.91

14.06

14.02

16.01

ICICI Prudential Value Discovery Fund

26.61

18.11

16.14

17.06

-

SBI Large & Midcap Fund

20.94

15.40

15.14

14.34

18.18

JM Large Cap Fund

11.70

9.88

10.03

8.87

10.35

Tata Young Citizens Fund

16.95

12.37

10.70

10.47

11.25

Sundaram Multi-Cap Fund

19.99

13.94

14.75

13.48

14.30

Kotak Small Cap Fund

35.69

23.96

20.18

17.99

-

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