Question: Which SIP Is Best For 3 Years?

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..

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 SIP plan is best?

6. Best SIP Equity Funds India 2020Fund Name5-Year ReturnsLinkAxis Blue Chip Fund8.81%Invest NowICICI Prudential Bluechip Fund Growth6.07%Invest NowSBI Bluechip Fund Regular Growth5.29%Invest NowAditya Birla Sun Life Frontline Equity Fund Growth4.59%Invest Now1 more row•Sep 10, 2020

Which SIP is best 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 HDFC SIP good?

HDFC Mutual Fund, being India’s one of the prominent AMCs, investors always prefer the SIP funds offered by the company. You can start investing in a SIP with just INR 500….Returns for HDFC Top 100 Fund.DurationReturns3 Month24.9%6 Month30.6%1 Year5.3%3 Year4.5%5 more rows•Dec 26, 2020

Is SIP better than RD?

In a RD scheme, you have to deposit a fixed amount on a monthly basis. SIP is better option than RDs when talked about liquidity. You can close SIP and withdraw money without paying any penalty. RD is a liquid scheme but you can go for premature withdrawals.

How is SIP return calculated?

The compounded interest powers the mutual fund returns. ClearTax SIP Calculator shows the comparison of the returns offered by mutual funds with fixed deposits….How does SIP Calculator work?FV = P [ (1+i)^n-1 ] * (1+i)/iPAmount you invest through SIPiCompounded rate of returnnInvestment duration in months7 more rows

Is SIP safe now?

Investing through an SIP helps us to overcome this psychological hurdle. … These two factors make equity investing extremely risky in the short term. You may even lose your capital in the short term. However, equity also has the potential to offer superior returns than other asset classes over a long period.

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.

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…•

Which SIP should I 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

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 is better investment PPF or sip?

A PPF is ideally suitable for only long term investments of 15 years or more. Thus, it is an excellent option for retirement planning, meeting your children’s education or marriage. SIP investment in a mutual fund attracts both, short term and long term capital gains tax.

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.

Should I start sip now?

It’s always a good time to start your SIP and when the market is down, yes you will benefit. But having said that, if you have been waiting for the correction to start your SIP, then it’s a bad strategy because you may stop investing when the market goes up.

Which SIP is best for long term?

Large-Cap SchemesScheme Name5-Year Monthly SIP10-Year Monthly SIPICICI Pru Top 100 Fund (G)Rs.9,41,591Rs.27,57,958Quantum LT Equity Fund (G) – Direct PlanRs.9,15,695Rs.28,82,955Reliance Growth Fund (G)Rs.10,75,057Rs.30,73,348SBI BlueChip Fund – Reg (G)Rs.9,55,955Rs.28,57,3436 more rows

Can I increase sip duration?

To ensure an uninterrupted investment, send the renewal instruction at least 30 working days before the last date. If the existing SIP expires, the renewal can be done by quoting the same folio number. It will take 21-30 days from the date of sending the form for the SIP to start.

Are SIP risk free?

SIP Is Not Risk Free SIP does not make equity investment risk-free. … However, investments done through SIP compared to lump sum investments will reduce your losses. Similarly, SIPs don’t guarantee returns over the long term. The returns are determined by the underlying fund.