-> Here are some top Best SIP funds to consider for investment in 2024, based on performance, consistency, and long-term growth potential
(1) Nippon India Small Cap Fund :-
This fund focuses on small-cap stocks and has delivered strong returns, good choice for risk-tolerant looking high potential.
(2) Motilal Oswal Midcap 30 Fund :-
A solid performer with consistent returns from mid-cap stocks, this fund has given an annualized return of 24.5% since inception, making it a great pick for those aiming for balanced growth.
(3) Parag Parikh Flexi Cap Fund :-
A highly ranked flexi-cap fund, it invests across large, mid, and small-cap stocks, and has seen excellent growth over the years.
(4) Kotak Equity Opportunities Fund :-
Focused on large and mid-cap stocks, this fund has demonstrated robust returns over both short and long periods, making it a strong contender for SIPs.
(5) Quant Focused Fund :-
Known for its focused approach, this fund targets a concentrated portfolio with high returns, ideal for investors willing to take on higher risk for potentially higher rewards.
(6) Canara Robeco Emerging Equities Fund :-
A good option for those looking to invest in large and mid-cap equities, this fund has shown strong performance with a diverse portfolio.
(7) SBI Bluechip Fund :-
A popular choice for those seeking stable returns, this large-cap fund offers a lower risk profile with consistent performance.
(8) Axis Bluechip Fund :-
With a focus on quality blue-chip stocks, this fund is ideal for conservative investors who prioritize stability and long-term growth.
(9) HDFC Mid-Cap Opportunities Fund :-
Offering a mix of mid-cap stocks, this fund provides opportunities for growth while balancing risk.
(10) Mirae Asset Emerging Bluechip Fund :-
A mix of large and mid-cap stocks, this fund is known for its consistent performance and has emerged as a strong choice for SIPs.
-> These funds offer a mix of different equity categories, providing a good range for diverse investment needs. Always ensure that your risk tolerance and financial goals are metbefore investing.
Here are a few more top Best SIP funds for 2024
(1) ICICI Prudential Bluechip Fund :-
A popular choice for conservative investors, this large-cap fund offers steady growth with a focus on high-quality, well-established companies. It’s a good pick for long-term stability
(2) DSP Small Cap Fund :-
For those with a high-risk appetite, this small-cap fund focuses on companies with significant growth potential. It has delivered substantial returns in recent years, though with increased volatility.
(3) UTI Nifty Index Fund :-
A passively managed fund that tracks the Nifty 50 Index, it’s an excellent choice for those who believe in market-wide growth and prefer lower management costs.
(4) Franklin India Technology Fund :-
Focused on the booming technology sector, this fund has capitalized on tech growth trends and may be ideal for investors looking for exposure to high-growth tech stocks.
(5) Aditya Birla Sun Life Frontline Equity Fund :-
A blue-chip focused equity fund, it’s suitable for those seeking a combination of steady growth and stability in large-cap stocks
(6) Tata Equity P/E Fund :-
This fund focuses on undervalued stocks with strong growth potential, providing an interesting option for those seeking long-term gains in underpriced equities
(7) Birla Sun Life Tax Relief 96 Fund (ELSS) :-
As an Equity Linked Savings Scheme (ELSS), it offers tax benefits under Section 80C and is ideal for investors seeking tax savings along with equity growth
(8) Reliance Large Cap Fund :-
A fund focused on large-cap stocks, it is known for its strong long-term growth track record, making it suitable for risk-averse investors
(9) HDFC Small Cap Fund :-
A small-cap fund ideal for high-risk investors seeking aggressive growth. Its high potential returns make it an attractive option for the bold investor
(10) L&T Midcap Fund :-
This fund has consistently performed well in the mid-cap space, offering a balance between risk and reward. It’s suitable for investors aiming for moderate growth
-> When selecting funds, ensure you consider factors like risk tolerance, time horizon, and financial goals. Regularly reviewing your SIP portfolio will also help align investments with changing market conditions.
-> Know – How to invest in SIP?
-> Know – How to invest in Mutual Fund ?
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