SIP or Systematic Investment Plan is one of the easiest ways to invest in mutual funds whether you are beginning your investment career or an experienced investor.
Here in this article, you will be reading about the top mutual funds for SIP investments in 2022.
Quant Active mutual Funds Direct-Growth
This is a multi-cap fund from the Quant Mutual Fund House. It was started 9 years and 3 months back on 1/1/2013. At present, the asset under the management of this fund is around Rs. 1764 crores as of 31/03/2022.
The expense ratio of the fund is quite lower and that is 0.58%, which is lesser than most of the other multi-cap schemes. The return since the inception of the fund on an average has been around 22.07% while in the past year it delivered a return of 42.77%.
The benchmark that this fund follows is Nifty 500 Multicap 50:25:25 TRI. The minimum amount that you need to invest in this fund via SIP is Rs. 1000. There is no exit load which is an added benefit for the investors.
Parag Parikh Flexi Cap Fund Direct-Growth
The second on the list of best mutual funds for SIP in 2022 is the Parag Parikh Flexi Cap Direct-Growth fund. This is a long-term equity fund falling under the multi-cap segment of funds. The average return since the inception of the fund has been around 20.93%. It was started in the year May 2013.
The expense ratio of the fund is 0.81% as of 28/02/2022. The asset under management of this fund was Rs. 20130 crores as of 31/02/2022. In the past year, it returned around 30.35% to investors.
The fund has no lock-in period which is why you can withdraw the amount at any point in time. However, there is an exit load of 2%. The fund has the benchmark of Nifty 500 TRI. The minimum investment that you need to make in this fund through SIP is Rs. 1000.
PGIM India Flexi Cap Fund Direct-Growth
PGIM India Flexi Cap Fund is multicap mutual funds as well which came into existence in 2015. Since inception, the return if averaged would be around 16.39% and the 1-year return is around 27.13%. The minimum investment that you would require to invest in this fund is Rs. 1000.
The expense ratio of this fund is 0.43% while the exit load is 0.5%. The asset under management of the fund is Rs. 3637 crores as of 31st March 2022.
Mirae Asset Emerging Bluechip Fund Direct-Growth
This is a large & Midcap fund from the mutual funds house of Mirae Asset. It was launched in 2013 January. The minimum investment you would need to start this SIP is Rs. 1000 as well.
The expense ratio of the fund is 0.71 and it has an exit load of 1%. The asset under management of the fund is Rs. 21084 crores as of 31st March 2022.
The returns that it generated since inception if averaged will be standing at around 24.38% while the last 1-year return was around 23.54%.
SBI Focussed Equity Fund Direct Plan-Growth
This is a focused mutual funds that invests mainly in large-cap companies and rests in mid-cap companies. The asset under management of this fund is around Rs. 24905 as of 31st March 2022. This fund has an expense ratio of 0.69% and an exit load of 1%.
The fund has been returning an average of 16.71% annually since inception. You have to invest at least Rs. 500 to start this SIP. The benchmark index which this fund uses is S&P BSE 500 TRI.
Axis Bluechip Fund Direct Plan-Growth
This is a large-cap mutual funds scheme that has an AUM of Rs. 34069 as of 31st March 2022. The fund has had a return rate of 16.47% since inception. You can start investing in this fund with only Rs. 500 via SIP.
The expense ratio of the fund is 0.47% lower than many other funds of the same category. The exit load is 1% however, there is no lock-in period for this fund.
UTI Flexi Cap Fund Direct-Growth
This fund is again a Flexi cap or multi-cap fund with an average annual return rate of 16.59% since inception. The expense ratio of the fund is 0.93% and the exit load is 1%. You can start this SIP with Rs. 500 as well which is the minimum investment required every month.
The asset under management of this fund was Rs. 24043 as of 31st March 2022 and this fund tracks the Nifty 500 as its benchmark index.
So, with this systematic Investment Plan (SIP) you can save and invest a small amount at regular intervals and in turn, accumulate wealth over time without hurting your monthly expenses or finances.
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