Mutual Fund SIP: Top performing systematic investment plans in 2023
Systematic Investment Plans (SIPs) help to build wealth with investment of small amounts in mutual funds. While they offer lucrative returns, many of the mutual funds come with high risk as the investments are linked to market volatility.
Systematic Investment Plans (SIPs) promote regular savings and disciplined investing. SIPs are one of the most popular and convenient ways to invest in different types of mutual funds. Mutual Fund SIP plans have become a preferred choice among investors as they offer substantial returns along with a diversified portfolio.
The Mutual Fund SIPs help to build wealth in the long-term with small savings every month. Mutual Fund SIP investments can be started with as little as Rs 500 every month. However, the investors should note that these investments come with higher risk compared to traditional savings instruments.
Here are some of the top performing SIP plans which have given substantial return to investors in 2023.
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Top performing Mutual Fund SIP plans in 2023
Quant Tax Plan - Direct Growth Fund
Quant Tax Plan- Direct Growth Fund is a lucrative option as it has offered the highest 5-year returns and boasts excellent performance potential. It is an Equity Linked Savings Scheme (ELSS) mutual fund and aims to provide long-term capital appreciation by diversifying your investments in precious metals, financial, and energy sectors.
This scheme has given more than 13 per cent return in the last one year and over 26 per cent in the past 5-year period.
Moreover, this ELSS mutual fund also offers tax deductions of up to Rs 1.5 lakh under the Section 80C of the Income Tax Act, 1961. The SIP plan, managed by Quant Mutual Fund, has been consistent in generating substantial returns since its launch in 2018. Currently, the value of Assets Under Management (AUM) is Rs 2,692 crores and the expense ratio stands at 0.57 per cent.
Quant Active Fund Direct-Growth
This scheme by Quant Mutual Fund aims to offer long-term capital gain. The open-ended equity fund predominantly invests in the material and chemical sectors. The investments in this fund have doubled every three years and it's a significant achievement since it's completely based on equity investments and poses high risk.
Launched in January 2013, the fund's current AUM value is Rs 3,556 crore and the expense ratio is 0.58 per cent. The plan has given 15 per cent return in the last one year and more than 24 per cent return in the last 5 years to investors.
PGIM India Midcap Opportunities Fund
The PGIM India Midcap Opportunities Fund was introduced on November 11, 2013. This fund also has an aim to generate significant capital gains over time. The funds are mostly invested in the material and consumer staples sectors. Despite its high risk nature, the mutual fund has given more than 20 per cent return in the last 5 years.
The AUM size of this fund stands at Rs 7,558 crore and the expense ratio is 0.44 per cent, which is way lesser than other midcap mutual funds.
Parag Parikh Flexi Cap Fund Growth
The Parag Parikh Flexi Cap Fund Growth by PPFAS Mutual Fund was launched on May 13, 2013. This fund offers long-term capital appreciation and has been doubling the invested funds every three years. It generally invests in consumer staples, technology, and automobile sectors. The AUM size currently stands at Rs 40,760 crore and expense ratio is 1.47.
Though the mutual fund is prone to high risk the SIP investment in this fund has given 74 per cent return in the last five years. In the last one year the Parag Parikh Flexi Cap Fund Growth plan has given 18 per cent return.
Edelweiss Equity Savings Fund - Direct Growth
The Edelweiss Equity Savings fund was introduced on September 22, 2014, and aims to provide long-term capital gains. The fund invests in equity and debt securities. Currently, it invests 36.22 per cent funds in equity and 34.34 per cent in debt securities. It predominantly invests in materials, financials, technology, and energy sectors. The mutual fund SIP plan has given nearly 8 per cent return in the last one year and over 31 per cent return in the last 5 years.
It has Rs 286 crore AUM and the fund’s expense ratio is 0.6 per cent.