Mutual funds have become an increasingly popular investment option in recent years, especially for those looking to invest in the long-term. The systematic investment plan (SIP) route is a great way to invest in mutual funds as it allows investors to invest a fixed amount at regular intervals.
In this blog, we'll take a look at the top 10 mutual funds for SIP to invest in 2023.
1) Mirae Asset Large Cap Fund - Growth
Mirae Asset Large Cap Fund is a top-performing mutual fund in the large-cap category. The fund invests in large-cap stocks that have the potential to provide higher returns in the long run. The fund has a track record of generating consistent returns and has delivered an annualized return of 15.67% over the last five years.
2) SBI Small Cap Fund - Growth
SBI Small Cap Fund is a small-cap fund that invests in companies with a market capitalization of less than Rs. 500 crores. Small-cap funds are known to provide high returns in the long run, and this fund has delivered an annualized return of 20.84% over the last five years.
3) Axis Bluechip Fund - Growth
Axis Bluechip Fund is a large-cap fund that invests in blue-chip companies that have a track record of consistent performance. The fund has a five-year annualized return of 15.38%, making it one of the best-performing funds in the category.
4) Kotak Emerging Equity Fund - Growth
Kotak Emerging Equity Fund is a mid-cap fund that invests in companies with a market capitalization of between Rs. 500 crores and Rs. 10,000 crores. The fund has a track record of delivering high returns and has delivered an annualized return of 18.69% over the last five years.
5) HDFC Small Cap Fund - Growth
HDFC Small Cap Fund is another small-cap fund that invests in companies with a market capitalization of less than Rs. 500 crores. The fund has a five-year annualized return of 20.58%, making it one of the top-performing funds in the category.
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6) ICICI Prudential Bluechip Fund - Growth
ICICI Prudential Bluechip Fund is a large-cap fund that invests in blue-chip companies that have a track record of consistent performance. The fund has a five-year annualized return of 13.65% and has consistently outperformed its benchmark.
7) Aditya Birla Sun Life Equity Fund - Growth
Aditya Birla Sun Life Equity Fund is a multi-cap fund that invests in companies across market capitalization segments. The fund has a track record of delivering consistent returns and has delivered an annualized return of 14.17% over the last five years.
8) DSP Midcap Fund - Growth
DSP Midcap Fund is a mid-cap fund that invests in companies with a market capitalization of between Rs. 500 crores and Rs. 10,000 crores. The fund has a track record of delivering high returns and has delivered an annualized return of 18.11% over the last five years.
9) Nippon India Small Cap Fund - Growth
Nippon India Small Cap Fund is a small-cap fund that invests in companies with a market capitalization of less than Rs. 500 crores. The fund has a five-year annualized return of 20.24% and has consistently outperformed its benchmark.
10) UTI Mid Cap Fund - Growth
UTI Mid Cap Fund is a mid-cap fund that invests in companies with a market capitalization of between Rs. 500 crores and Rs. 10,000 crores. The fund has a track record of delivering high returns and has delivered an annualized return of 18.81% over the last five years.
In conclusion, mutual funds are a great investment option for those looking to invest in the long-term. While there are many mutual funds available in the market, these top 10 mutual funds for SIP investments in 2023 have a proven track record of delivering high returns and outperforming their benchmarks. It is important to note that past performance is not an indicator of future performance, and investors should do their own research and consult a financial advisor before investing in any mutual fund.
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