Top 10 SIP mutual funds in 2022
SIP is one of the finest strategies to invest in mutual funds since it frees you from market timing. In this post, we will discuss the best mutual funds for SIP.
You can invest in mutual funds in one lumpsum amount or over time via Systematic Investment Plan (SIP). You can also make a one-time transfer from one fund to another via switch, or move consistently from one fund to another via Systematic Transfer Plan (STP). Furthermore, you can withdraw from mutual funds in a systematic manner, much like a pension account, using the Systematic Withdrawal Plan (SWP). In a word, mutual funds are one of the most cost-effective methods to invest when compared to other investing options.
SIP is one of the most popular solutions for investors among the other alternatives. SIPs help you develop the habit of investing in a disciplined manner. It also provides the benefit of averaging rupee costs. When the markets rise, SIP investors buy fewer units at higher Net Asset Value (NAV), and when the markets fall, they buy more units at lower NAVs, thereby averaging everything out. If we look at the three-year average SIP returns of equity mutual funds excluding sectoral funds, it is roughly 24.26 per cent. We will highlight the best ten equity mutual funds for SIP in 2022 in this post.
|
SIP Returns (%)
|
3-Year
|
5-Year
|
10-Year
|
|
Axis Midcap Fund
|
25.6
|
20.6
|
19.3
|
|
ICICI Prudential Value Discovery Fund
|
31.4
|
20.6
|
17.4
|
|
SBI Small Cap Fund
|
35.3
|
23.9
|
24.7
|
|
Kotak Small Cap Fund
|
43.8
|
27.9
|
22.0
|
|
Nippon India Small Cap Fund
|
45.2
|
27.5
|
25.2
|
|
Baroda BNP Paribas Midcap Fund
|
30.1
|
19.8
|
18.0
|
|
DSP Small Cap Fund
|
40.5
|
24.3
|
22.1
|
|
ICICI Prudential Smallcap Fund
|
39.2
|
24.5
|
17.8
|
|
Sundaram Focused Fund
|
23.6
|
17.9
|
15.3
|
|
Baroda BNP Paribas Multi Cap Fund
|
28.0
|
18.8
|
14.9
|