Table of Contents Best10 performing SIP mutual funds for Investment in India:- 8. Aditya Birla Sun Life Digital Fund:- Share this article Introduction:- Before I describe in this article the Best performing SIP mutual funds in India, we must know some vital basic information about the SIP, Mutual funds & ELSS. Currently there are 44 Asset ManagementCompanieoperating mutual fund houses in India. What is SIP:- A systematic Investment Plan (SIP) is a way of investing in mutual funds. It is a process in which you can contribute a small amount but in regular intervals, such as (monthly, yearly, quarterly or six monthly) invest in mutual funds and build a good corpus over some time. SIP helps investors invest in installments while keeping his/her monthly expenses and income in plans. It can start with a very small amount.SIP facilities allow an investor to invest a fixed amount of money at pre-defined intervals in the selected mutual fund scheme. What is a Mutual Fund:- A mutual fund is a pool of money gathered from various investors to invest to achieve a common objective. Investments in mutual funds the Investment can be done in various assets (i.e., equity, bonds and money market instruments to earn good returns. The Mutual Fund is professionally managed by an asset management company (AMC) and each investor participates proportionally to the number of units held by him or her. Investing in SIP Mutual Funds is the Best Investment in India. What is an ELSS Fund:- An ELSS fund or an An equity-linked saving scheme is the only kind of mutual fund eligible for tax deductions under the provisions of Section 80C of the Income Tax Act, 1961. You can claim a tax rebate of up to Rs.1, 50,000 and save up to Rs.46, 800 a year in taxes by investing in ELSS mutual funds. The ELSS Mutual funds asset allocation is mostly (65% of the portfolio) made towards equity and equity-linked securities such as listed shares. Best10 performing SIP mutual funds for Investment in India:- 1. HDFC Mutual Fund:- HDFC Mutual fund is the second largest mutual fund by asset size in India. The total assets under management (AUM) of HDFC Mutual fund is Rs.3.70Lakh Crore as of quarter ending March 2020. HDFC Mutual Funds is a joint venture between Housing Development Finance Corporation Limited (HDFC) and Standard Life Investment Limited (SLI). While HDFC owns a 52.7% stake in the fund house but SLI owns a 26.9% stake. They have a dominant position in equity investments; with the highest market share actively managed by equity-oriented funds. The fund house has a wide network of over 70 thousand empanelled distributors with 221 branches in over 200 cities. Total Assets under Management is (AUM) RS. 34,227 Crore. The HDFC mutual fund performance returns in the past 3 years are 27.44% and in 5years is 14.23%. The minimum Investment of this fund is Rs. 100. HDFC mutual fund offers approximately 89 primary schemes. Out of the 89 schemes, 52 are debt funds, 22 are equity-oriented, 6 are hybrid schemes and 9 are other (ETF-Gold, FoF, etc). The company’s vision is to be the most respected Assets Manager in the world and its mission is to be the wealth creator for every Indian. HDFC Mutual Fund is the best performing mutual fund in India. BEST PERFORMING SIP INVESTMENT MUTUAL FUND IN INDIA-2022 2. Axis Midcap fund:- Axis Midcap fund is growth –an oriented mid–cap–based fund that focuses on investing in high-quality stocks of mid and larger mid-sized companies that have the potential to grow cash flows over the medium to long run. The mid-cap fund has an 88.15% investment in domestic equities of which 13.39% is in Large Cap stocks, 44.06% in Mid-cap stocks, 14.4% in small-cap stocks .the fund has 0.71% investment in Debt% in Governemnt securities. This is an equity fund which means that a minimum of 65% of the fund assets will be invested in the stock market. It is a diverse fund which invests in different sectors and industries in India. This fund will help you in availing tax deductions under section 80C of the Income Tax Act, 1961. The minimum SIP amount for Axis Midcap Fund (G) is Rs. 500 and you can increase this multiple to Rs. 100. Axis Midcap Fund Growth scheme offers appreciable returns to investors due to a better investment strategy. Current Net Asset Value of Axis Midcap Fund as of Sept14, 2022 is Rs. 34.54. The return overtime period is 1.97 %( 1Yr) 25.43 %( 3Yr) 17.32(5Yr). Axis Midcap fund is the best performing SIP mutual fund in India. BEST PERFORMING SIP MUTUAL FUND INVESTMENT IN INDIA-2022 3. ICICI Prudential Technology Fund:- The ICICI Prudential Technology Fund has 89.32% investment in domestic equities, of which 73.62% in Large Cap stocks, 5.76%in Mid-cap stocks, and 6.64% in small-cap stocks. The fund has a 0.11% investment in Debt in Government Securities. The Current Net Asset Value of the ICICI Prudential Technology Fund Direct Plan as of Sept-15, 2022 is Rs. 142.20 for the Growth option of its Direct Plan. Its return over the different periods is 13.97 %( 1Yr.), 30.0 %( 3Yrs), and 27.94 %( 5Yr). The Minimum Investment required is Rs. 5000 and the minimum additional investment is Rs. 1000. Minimum SIP Investment is Rs. 100.ICICI Prudential Mutual Fund was set up as a trust sponsored by the Prudential Corporation Holdings Ltd & ICICI BANK Ltd. ICICI Prudential Technology Fund is the best performing SIP mutual fund in India. Image Credit-https://images.app.goo.gl/41An16anUwZZxT8L8 Image Credit-dalal street investment journal.com 4. Tata Digital India Fund:- Tata Digital India Fund Growth is an Equity Mutual Fund scheme from TATA Mutual fund. This scheme is managed by the fund manager Meeta Shetty. This is an AUM of Rs.5981.27 Crore and the the latest NAV declaration is Rs.33.651 as of 15TH Sept 2022. Tata Mutual Funds offers expert financial services. Investors are always attracted to the trust of the company and continue to record shows by the company. The performance of the company has created confidence among the investors about the safety of their money. The current Net Asset Value of the Tata Digital India fund as of Sept14, 2022 is Rs.31.38.The return of the different periods is 14.49% in 1st year, 25.85 in 3 years and 26.66% in 5 Yr. The minimum Investment required is Rs. 5000 and the minimum additional investment is Rs. 1000. Minimum Investment in Tata Digital India fund is in SIP Rs. 150 only. The investment objective of the scheme is to seek long-term capital appreciation by investing at least 80% of its net assets in equity-related instruments of companies in the Information and Technology (IT) sector of India. Domestic IT Business Process Management (BPM) is growing faster than exports. The industry currently employs more than 3.5mn. people & is India, s largest private sector employer. Tata Digital India Fund is the best performing SIP mutual fund in India. Tata-Digital-India-Fund is the best performing SIP MUTUAL FUNDInvestment in India.-2022 .5. SBI Small Cap Fund:- SBI Small Cap Fund aims to provide investors with opportunities for long-term growth in capital by investing predominantly in a well-diversified basket of equity stocks of small-cap companies. The fund has 83.76% investment in domestic equities, of which 6.56% is in mid-cap stocks, and 53.45% is in small-cap stocks. It is suitable for Investors who are looking to invest money for at least 3-4 years and are looking for high returns.SBI Small cap returns in 1 year are 16.92% and in 5 years are 19.11%. SBI Small Cap Fund is a well-managed fund in the small-cap space with a proven long-term track record. It is managed by the fund manager R. Srinivasan, who is also head of Equity at SBI MF. For SBI Small Cap Fund Minimum Investment required is Rs. 5000 and the minimum additional investment is Rs. 1000. and the Minimum SIP investment is Rs.500. SBI Small Cap Fund is the best performing SIP mutual fund in India. 6. Franklin India Technology Fund:- This fund invests primarily in technology and technology-related companies across market capitalisation in India as well as in the global market. This fund has a 69.01% investment in domestic equities of which 50.52% are in Large Cap stocks, 4.96% are in Mid-cap stocks and 4.16% in small-cap stocks. The current Net Asset Value of the Franklin India Technology Fund as of Sept15,2022 is Rs. 282.32 for the growth option of its regular plan.Its returns over the different time is -18.25% in (1yr),20.08%(3Yr.) & 18.84 %( 5Yr). The Franklin Templeton Investment Funds –Franklin Technology fund is a SICA incorporated in Luxemburg. The funding objective is long-term capital appreciation. The Franklin Templetion Investments (India) is one of the largest fund houses in the country.It has announced a tax free dividend of Rs. 0.70 per unit value (Face value is Rs.10) For Franklin India Technology Fund Minimum Investment is Rs. 5000, and the Minimum Additional Investment is Rs. 1000. The minimum SIP investment is Rs. 500. 7. Kotak Small Cap Fund:- The investment objective of Kotak Small Cap is to generate capital appreciation from a diversified portfolio of equity and equity related securities. The scheme predominantly invests in companies in small-cap market capitalisation segments across sectors.The scheme is well positioned to provide the benefits of potential growth offered by small-cap stocks. The fund has 92.2% investment in domestic equities, of which 2.14% is in Large Cap stocks .13.5% is in Mid-cap stocks and 64.1% is in small Cap stocks. Kotak small cap fund is the best in the country for those investorsa who wants to invest minimum period of 3-4 years. The returns of this Kotak small cap fund are in 1yr.9.01%, 37.44% in 3yr. and 18.12% in 5 yr. The Kotak Small Cap Fund currently holds Assets under Management worth Rs. 8356 Crore as of 31-3-2022. The expense ratio of this fund is 1.91% for the regular plan as on July 31, 2022. The minimum Investment required is Rs. 5000and the minimum additional investment is Rs. 1000. Minimum SIP Investment is Rs. 1000.Kotak Small cap Fund Direct-Growth a small Cap Mutual Fund scheme from Kotak Mahendra Mutual Fund. Kotak Small Cap Fund is the best performing SIP mutual fund in India. 8. Aditya Birla Sun Life Digital Fund:- Aditya-Birla-Sun-Life-Mutual-Fund-Best Performing SIP Mutual fund Investment in India-2022 It is a multi-sector scheme with the objective of long term capital growth through a portfolio of 100% equity investments in technology-dependent companies. This product is suitable for investors who are seeking, long term capital growth and investment in equity related securities with a focus on investing Technology, Telecom, Media, Entertainment and other related ancillary sectors. The fund has a 90.51% investment in domestic equities out of which 60.04% is in Large Cap stocks, 10.92% are in Mid Cap Stocks, and 13.26% are in small-cap stocks. Current Asset Value of Aditya Birla Sunlife Digital India Fund as of Sept 16, 2022 is Rs. 110.36 for the growth option of its regular plan. Its return in different periods is -14.15% in 1 yr, 27.52 in 3 yr and 25.62% in 5 yr. In the Aditya Birla the minimum Investment is Rs. 1000. The minimum additional Investment is Rs. 1000. and the minimum SIP Investment is Rs. 100. The AUM and size of Asset of Aditya Birla Sun Life Digital Fund is Rs. 3135 Crore. Aditya Birla Sun Life Digital Fund is the best performing SIP mutual fund in India. 9. Motilal Oswal Mutual Fund:- In the Motilal Oswal the current Net Asset value for NASDAQ 100 exchange Traded Fund as of Sept. 16, 2022 is Rs. 93.00.Motilal Oswal NASDAQ 100 Exchange Trading Fund currently holds Assets under Management worth (AUM) IS Rs. 5470.08 Crore. The returns of Motilal Oswal fund are -16.16% in (1 Yr)., 19.3% in (3 Yr).20.00% in( 5 Yr). The expense ratio of the fund is 0.58% for the regular plan as of July 31, 2022. Motilal Oswal NASDAQ 100 FoF has generated 34.65% returns over the past years. The market cap allocation is Giant Cap-91.93%, Large Cap is 3.62%, and Mid Cap is 3.06% Small cap is 1.39%. The Minimum investment required is Rs. 500 and the minimum additional investment is Rs. 500. The minimum SIP investment is 0. 10. Nippon India Growth Fund:- This fund has a 95.78% investment in domestic equities of which 15.31% is in Large Cap stocks, 50.15% in Mid-cap stocks, 14.82% in Small-cap stocks. It is suitable for investors who are looking to invest money for at least 3-4 years for a higher return. The current NAV for Nippon Growth Fund is Rs. 2230.96 as of 13TH Sept 2022. It gives a return of 9.31% in 1 year, 28.3% in 3 years and 15.14% in 5 years. The expense ratio of the fund is 1.87% for a regular plan as of July 31, 2022.The minimum Investment required is Rs.100 and the minimum additional investment is Rs.100minimum SIP investment is Rs. 100. This was funded on 30th June 1995. The company’s name is Nippon Life Insurance Company. Trustee Organization Name is Nippon Life India Asset Management Limited.MD & CEO is Mr Sundeep Sikha. Nippon India Mutual Fund, previously known as the Reliance Mutual Fund. Conclusion:- The Mutual fund Industries AUM has grown from Rs. 20.59 trillion as on August 31, 2017, to Rs. 39.34trillion on August 31, 2022. It is around a 2-fold increase in 5 years. As data shows, there are 3.36 Crore individual PAN holders have opened close to 13 crores of MF foils as of June 2021. In terms of MF penetration to the total population, India has just 2.5% of its total population invested in Mutual funds. But in the USA nearly46% of the population invests in mutual funds. You May Like My More Articles:- 1.https://odiyadigitalworld.com/what-are-the-different-savings-schemes-at-the-post-office-in-india/ 2.https://odiyadigitalworld.com/why-systematic-investment-plan-is-the-best-for-investment-in-india/ 3.https://odiyadigitalworld.com/top-10-stock-brokers-for-beginners-in-india-2022/ (opens in a new tab) (opens in a new tab) (opens in a new tab) Share this article Post navigation Investments in Health Insurance Plans for individuals & families. Big five Personal Loan Finance Companies in India 2022
