In the recent days, making investment in the mutual funds has definitely been one of the greatest sources of saving money and making profits. There are several SIPs that operate. It is largely believed that mutual funds can help to get great returns in the future. In fact, at times, it offers better schemes and better offers than the amount offered by many banks. Therefore people now largely resort to the mutual funds as the best source of investment at least in India.
What is SIP?
SIP or the systematic investment plans are those schemes that require monthly investment and not investment just once. There are many people in India who find it extremely difficult to invest just once. It is because of this reason that these schemes are considered to be greatly helpful.
How do SIP work?
It is the mutual funds that initiated the scheme of the SIP so that it becomes easy for the people of India to save money on a monthly basis. Every month a fixed amount of money has to be invested depending on the scheme that a person has chosen. However, the minimum amount of money that can be invested in a month varies according to the schemes launched by the different companies. There are some companies for which the minimum monthly investment is Rs 500 while there are some companies that allow even a minimum monthly investment of just Rs50 or Rs100.
Best SIP Plans:
There are several companies that allow investment in the SIP. However, the investor has to find out the best plan so that he can get the maximum return in future. Currently, some of the best SIP plans in India include:
The Top 10 SIP Plans in India are:
- Religare Mid N Small Cap Fund – Growth
- DSP BlackRock Small and Midcap Fund – Growth
- SBI MSFU Emerging Business Fund – Growth
- HDFC Midcap Opportunities Fund – Growth
- UTI Mastervalue fund – Growth
- ING dividend Yield Fund – Growth
- Religare Midcap Fund – Growth
- Canara Robeco Emerging Equities – Growth
- Reliance Equity Opportunities – G
- BNP Paribas Future Leaders Fund – G