Which Are The Best SIPs In India In 2024?
One of the best ways to invest in mutual funds is through SIPs i.e. Systematic Investment Plans. Instead of putting a large chunk of your money into an investment in the form of a lump sum payment – you get to invest regularly in smaller amounts.
Table of Contents
A SIP gives you the best means to maximize returns while investing in multiple mutual funds. A SIP is a fixed monthly investment amount that you can choose as per your comfort. Let’s now dive into a list of current top recommendations for SIPs to invest in.
List Of Best Liquid Mutual Fund SIPs In India In 2024
The complete list of all the best mutual fund SIPs available in India is given here with important details.
Nippon India Liquid Fund
Nippon India Liquid Fund is a relatively low-risk debt fund that invests in high-grade bonds (A1+) and other debt securities. It's been known to generate predictable returns because it takes as little as 3 months for its portfolio to mature.
- Risk: Low
- 1-Year Returns: 3.23%
- 3-Year Returns: 5.55%
- 5-Year Returns: 6.09%
- AUM: ₹20,049 crores
SBI Liquid Fund
The investment objective of SBI Liquid Fund is to leverage a wide range of high-rated debt securities like bonds and money market instruments. The fund looks to generate solid returns with a portfolio maturity of 91 days.
- Risk: Low
- 1-Year Returns: 3.22%
- 3-Year Returns: 5.43%
- 5-Year Returns: 5.98%
- AUM: ₹42,544 crores
HDFC Liquid Fund
HDFC liquid fund invests in debt and money market securities with thorough credit analysis. The fund's portfolio matures in 91 days or less. HDFC liquid fund has been active since October 2000.
- Risk: Low
- 1-Year Returns: 3.14%
- 3-Year Returns: 5.39%
- 5-Year Returns: 5.94%
- AUM: ₹51,046 crores
IDFC Banking & PSU Debt Fund
IDFC Banking & PSU Debt Fund is an open-ended debt scheme that invests in high-grade bonds (AAA, A1+) issued by banks and public sector undertakings. Debt funds from this category are known to generate solid returns that are generally better than bank FDs.
- Risk: Low
- 1-Year Returns: 6.70%
- 3-Year Returns: 9.69%
- 5-Year Returns: 8.09%
- AUM: ₹18,547 crores
HDFC Money Market Fund
HDFC Money Market Fund invests in securities from the money market to generate predictable returns better than an average bank FD. The fund has been in the market since 1999 and has generated 7.38% since inception.
- Risk: Low
- 1-Year Returns: 4.57%
- 3-Year Returns: 6.90%
- 5-Year Returns: 6.81%
Conclusion
SIPs allow you to choose the duration of your investment. You can diversify your portfolio through multiple SIPs. SIPs are safer than investing directly in stocks. You do not need to be involved in the stock market daily to invest in SIPs. Benefit from compound interest and rupee cost averaging.
Also read:
Is Daily SIP Better or Monthly SIP?
7 Real Facts Why People Love Investing In SIPs
Disclaimer: This article is issued in the general public interest and is meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive and should research further or consult an expert in this regard.
