Top SIP Plans to Invest with Rs. 2000
With the increasing living cost, it has become tough to cover up the expenses solely depending on one’s salary. Investment has become the need of the hour to enhance the financial status. There are a numerous investment options that are present in the market in the current time. Among them, the one which has recently gained pace is investment in mutual funds. Between the two modes of investment which are lump sum and SIP, SIP investment is the best and simple way for every individual to start with. In the coming blog, you will get to read about the best SIP plans to invest in with Rs. 2000.
Table of Content
SIP investment is a better option for investment as it may lead to high returns with time as a result of compounding benefit and rupee-cost averaging. These investments help an investor to invest in a disciplined way, thus creating a regular saving habit. Before going through the best SIP plans to invest in with Rs. 2000, let’s read what is meant by the best SIP plans.
What Is Meant by the Best SIP Plans?
SIP plans that have been performing well are shortlisted and a list is prepared regarding the same. These funds are shortlisted on the basis of their past performance, risk management, asset allocation, the strategies followed by the fund managers, etc. The procedure followed is highly complex and the selection is based on thorough research which is conducted by the experts.
ICICI Prudential Bluechip Fund (G)
Launched on May 23rd, 2008 by ICICI Prudential Mutual Fund, the investment objective of this scheme is to help investors earn long-term capital appreciation. This open-ended scheme mainly invests in the equity and equity related instruments of large-cap companies which are the top 100 companies in terms of the full market capitalization. Let’s see what investment in this scheme through SIP of Rs. 2000 monthly has lead to.
| 3-Years SIP Returns | ||||||
|---|---|---|---|---|---|---|
| Fund Name | Cumulative Investment | Growth Value | Absolute Returns | XIRR | ||
| ICICI Prudential Bluechip Fund | 72,000 | 93,842 | 30.34% | 17.99% | ||
| *As on August 31st, 2018 | ||||||
The above table shows that the investor investing for three years beginning 1st September, 2015, in the scheme with cumulative investment amount of Rs. 72,000 has received Rs. 93,842 as the maturity amount at 30.34%.
Who Should Invest?
Aggressive investors who are ready to bear moderately high risk on the principal amount may invest in this scheme to achieve their long-term goals.
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L&T Mid Cap Fund (G)
This scheme was launched on August 09th, 2004 by L&T Mutual Fund to generate long-term capital appreciation. This open-ended scheme mainly invests in the equity and equity related instruments of mid-cap companies. Mid-cap companies are the 101 to 250 companies in terms of the full market capitalization.
The below table showcases what an investor can achieve if he makes an SIP investment with Rs. 2000 for a period of let’s say three years.
| 3-Years SIP Returns | ||||||
|---|---|---|---|---|---|---|
| Fund Name | Cumulative Investment | Growth Value | Absolute Returns | XIRR | ||
| L&T Mid Cap Fund | 72,000 | 94,862 | 31.75% | 18.76% | ||
| *As on August 31st, 2018 | ||||||
The cumulative investment amount being Rs. 72,000, the investor was able to earn Rs. 94,862 as the maturity amount with the percentage of return being 31.75%.
Who Should Invest?
This scheme is apt for investors who are ready to take high risk in order to earn high growth on the money invested. Those who wish to invest in the mid-cap companies’ owner’s fund may park their money in it.
SBI Small Cap Fund (G)
SBI Mutual Fund launched a scheme on September 09th, 2009 with an investment objective to provide investors an opportunity to gain long-term capital appreciation. This fund mainly invests in the equity and equity-related instruments of small-cap companies which are ranked 251 and more in terms of the full market capitalization.
An investor may invest in this scheme through both lump sum as well as SIP online. Let’s see what an investment in this best investment plan through SIP will lead to.
| 3-Years SIP Returns | ||||||
|---|---|---|---|---|---|---|
| Fund Name | Cumulative Investment | Growth Value | Absolute Returns | XIRR | ||
| SBI Small Cap Fund | 72,000 | 100,694 | 39.85% | 23.05% | ||
| *As on August 31st, 2018 | ||||||
The investment amount of Rs. 72,000 in this scheme on 1st September 2015 has led to a growth value of Rs. 1,00,694 at the time of maturity.
Who Should Invest?
This fund is for investors who are willing to earn high growth by taking high risk through investment in small cap stocks.
Mirae Asset India Equity Fund (G)
This scheme was launched on April 04th, 2008 with the name Mirae Asset India Opportunities Fund. This open-ended scheme is a multicap fund which invests across equities such as large-cap, mid-cap, and small-cap. The main objective of this scheme is to help investors generate long-term capital growth by capitalizing on the potential opportunities of investment present in the market.
The below table shows the SIP investment made for three years with Rs. 2000. It can be seen that the investor with the cumulative investment of Rs. 72,000 was able to generate Rs. 95,879 at the rate of 33.17%.
| 3-Years SIP Returns | ||||||
|---|---|---|---|---|---|---|
| Fund Name | Cumulative Investment | Growth Value | Absolute Returns | XIRR | ||
| Mirae Asset India Equity Fund | 72,000 | 95,879 | 33.17% | 19.52% | ||
| *As on August 31st, 2018 | ||||||
Who Should Invest?
This scheme is for investors who are ready to bear moderately high risk on the principal amount invested. Those interested in investing in the equity and its related instruments across the market capitalization may invest in it.
Mirae Asset Emerging Bluechip Fund (G)
This scheme was launched on July 09th, 2010 by Mirae Asset Mutual Fund to facilitate investors earn long-term capital growth. It mainly invests in the equity and equity-related instruments of large and mid-cap stocks.
An investor who invested Rs. 2000 monthly through SIP mode in this fund for three years was able to earn Rs. 97,103 as the maturity amount at the end of the tenure.
| 3-Years SIP Returns | ||||||
|---|---|---|---|---|---|---|
| Fund Name | Cumulative Investment | Growth Value | Absolute Returns | XIRR | ||
| Mirae Asset Emerging Bluechip Fund | 72,000 | 97,103 | 34.87% | 20.43% | ||
| *As on August 31st, 2018 | ||||||
Who Should Invest?
Any investor who is looking for a scheme that invests at least 35% in the large-cap stocks and mid-cap stocks individually may invest in it. It should be noted that the principal amount invested in this scheme will be under moderately high risk.
Conclusion
These were the best SIP plans from which an investor may select the scheme that fits his/her portfolio most appropriately. Apart from the returns, one should focus on the current market volatility, risk appetite, companies performance, etc., to reconfirm the selection made. You may invest in these funds by simply logging onto MySIPonline. For any assistance, feel free to consult our financial experts.
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