Mutual Fund Investment: 10 Best SIP Plans with a 5-year Investment Horizon in 2023

That’s where Systematic Investment Plans (SIPs) come into play. SIPs are a simple and hassle-free way to invest your money in mutual funds, allowing you to plant the seed of your wealth with ease. In this article, we will explore the 10 Best SIP Plans for 5 years in India to Invest in 2023. These SIP plans have a proven track record of generating consistent returns and will help you grow your wealth while you sit back and relax. So, let’s dive in and find the best SIP plan that suits your investment needs.

10 Best Performing SIP Plans in 5 Years in India 2023

(The returns in the above table are subject to market risks and do not represent any kind of chronological sequence. Please exercise caution before investing.)

Best SIP Plans to Invest for 5 Years

Mirae Asset Emerging Bluechip Fund

Mirae Asset Emerging Bluechip Fund is a popular equity mutual fund that focuses on investing in emerging bluechip companies in India. The fund was launched in the year 2010 and the fund falls under the category of large and mid-cap funds, which means that it invests in both large-cap and mid-cap companies.

AUM and NAV: As of February 2023, the fund has an AUM of Rs 23,394 crore and a NAV of Rs 100.53 as on March 29, 2023.

Expense Ratio: The expense ratio of the fund as on February 2023 for the direct plan is 0.61% and for a regular plan is 1.70%, which is slightly higher than some of its peers. However, the fund’s performance justifies the higher expense ratio.

Minimum SIP Investment: The minimum SIP investment for the Mirae Asset Emerging Bluechip Fund is Rs 1,000, which makes it an ideal investment option for retail investors who want to start with small investments.

Risk: The fund has a moderately high-risk profile, which means that it is suitable for investors who are willing to take on some risk for higher returns. The fund’s portfolio is well-diversified across sectors, which helps in reducing the overall risk of the portfolio.

Annualised Returns: The Mirae Asset Emerging Bluechip Fund has delivered impressive returns to its investors over the years. As of March 29, 2023, the fund has delivered an annualised return of negative 2.01% in the last year, 30.55% in the last 3 years, and 15.04% in the last 5 years. These returns are significantly higher than the benchmark index and most of its peers.

HDFC Hybrid Equity Fund

HDFC Hybrid Equity Fund is a popular mutual fund scheme in the hybrid category that offers investors a blend of equity and debt investments. The fund aims to provide long-term capital appreciation and income generation through its diversified portfolio.

AUM and NAV: As of February 2023, the fund has an AUM of Rs 18,730 crore and a NAV as on March 29, 2023, is Rs 89.46.

Expense Ratio: The expense ratio of the fund as on February 2023 for the direct plan is 1.09% and for a regular plan is 1.80%.

Minimum SIP Investment: The minimum SIP investment for the HDFC Hybrid Equity Fund is Rs 100, which makes it an ideal investment option for retail investors who want to start with small investments.

Risk: The fund has a moderately high-risk profile, which means that it is suitable for investors who are willing to take on some risk for higher returns. The fund’s portfolio is well-diversified across sectors and market capitalizations, which helps in reducing the overall risk of the portfolio.

Annualised Returns: The HDFC Hybrid Equity Fund has delivered impressive returns to its investors over the years. As of March 29, 2023, the fund has delivered an annualised return of 6.65% in the last year, 25.9% in the last 3 years, and 11.32% in the last 5 years. These returns are significantly higher than the benchmark index and most of its peers.

ICICI Prudential Bluechip Fund

ICICI Prudential Bluechip Fund is a large-cap equity mutual fund that invests in blue-chip companies with a strong market position and stable earnings growth. The fund aims to provide long-term capital appreciation by investing in quality businesses that have the potential for sustainable growth.

AUM and NAV: As of February 2023, the fund has an AUM of Rs 34,199 crore and a NAV of Rs 72.09 as on March 29, 2023.

Expense Ratio: The expense ratio of the fund as on February 2023 for a direct plan is 1.06% and for a regular plan is 1.67%, which is slightly higher than some of its peers. However, the fund’s performance justifies the higher expense ratio.

Minimum SIP Investment: The minimum SIP investment for the ICICI Prudential Bluechip Fund is Rs 100, which makes it an ideal investment option for retail investors who want to start with small investments.

Risk: The fund has a moderate risk profile, which means that it is suitable for investors who are willing to take on some risk for higher returns. The fund’s portfolio is well-diversified across sectors and has a bias towards high-quality large-cap stocks, which helps in reducing the overall risk of the portfolio.

Annualised Returns: The ICICI Prudential Bluechip Fund has delivered consistent returns to its investors over the years. As of March 29, 2023, the fund has delivered an annualised return of 2.77% in the last year, 28.74% in the last 3 years, and 12.22% in the last 5 years. These returns are higher than the benchmark index and most of its peers.

Kotak Emerging Equity Fund

Kotak Emerging Equity Fund is a mid-cap equity mutual fund that invests in companies with high growth potential and market capitalization beyond the top 100 companies. The fund aims to generate long-term capital appreciation by investing in quality mid-cap companies that have the potential for growth.

AUM and NAV: As of February 2023, the fund has an AUM of Rs 23,963 crore and a NAV as on March 29, 2023, is Rs 82.92.

Expense Ratio: The expense ratio of the fund as on February 2023 for the direct plan is 0.49% and for a regular plan is 1.68%.

Minimum SIP Investment: The minimum SIP investment for the Kotak Emerging Equity Fund is Rs 100, which makes it suitable for investors with a moderate risk profile.

Risk: The fund has a high-risk profile, given its exposure to mid-cap stocks. However, the fund’s portfolio is well-diversified across sectors and has a bias towards high-growth mid-cap stocks.

Annualised Returns: The Kotak Emerging Equity Fund has delivered consistent returns to its investors over the years. As of March 29, 2023, the fund has delivered an annualised return of 5.2% in the last year, 37.11% in the last 3 years, and 14.9% in the last 5 years. These returns are higher than the benchmark index and most of its peers.

Nippon India Small-Cap Fund

Nippon India Small-Cap Fund is an equity mutual fund that invests in small-cap companies with a market capitalization below Rs 5,000 crore and having high growth potential. The fund aims to generate long-term capital appreciation by investing in small-cap stocks that have the potential to become large-cap companies in the future.

AUM and NAV: As of February 2023, the fund has an AUM of Rs 23,910 crore and a NAV of Rs 98.70 as on March 29, 2023.

Expense Ratio: The expense ratio of the fund as on February 2023 for a direct plan is 0.86% and for a regular plan is 1.78%, which is slightly higher than some of its peers. However, the fund’s performance justifies the higher expense ratio.

Minimum SIP Investment: The minimum SIP investment for the Nippon India Small-Cap Fund is Rs 1,000, which makes it suitable for investors with a low investment capacity.

Risk: The fund has a high-risk profile, given its exposure to small-cap stocks. However, the fund’s portfolio is well-diversified across sectors and has a bias towards high-growth small-cap stocks, which helps in reducing the overall risk of the portfolio.

Annualised Returns: The Nippon India Small-Cap Fund has delivered impressive returns to its investors over the years. As of March 29, 2023, the fund has delivered an annualised return of 8.27% in the last year, 50.42% in the last 3 years, and 16.72% in the last 5 years. These returns are higher than the benchmark index and most of its peers.

Final Thoughts

The above-mentioned SIP plans have delivered consistent returns over the years and have a good track record. However, it is important to note that mutual fund investments are subject to market risks, and past performance may not necessarily indicate future performance. Therefore, it is important to consider your investment goals, risk appetite, and investment horizon before investing in any mutual fund. Consulting a financial advisor can also help in making an informed investment decision.