Most Profitable SIP in India 2024
Most Profitable SIP in India 2024, Let;s start with some understanding on SIP. A systematic investment plan is what SIP is. In India, this is a well-liked method of investing in mutual funds since it lets you set aside a certain amount of money regularly, such as quarterly or monthly. In India, a system called Systematic Investment Plans (SIPs) allows investors to make monthly, set contributions to a chosen mutual fund scheme. A SIP, for short, is a well-liked investing technique that enables investors to take advantage of rupee cost averaging and compounding while investing in a disciplined manner.
When a SIP is activated, a predetermined sum is taken out of the investor’s bank account each month and invested in the mutual fund of their choosing. The SIP’s duration, frequency, and amount are all customizable by the investor based on their financial objectives and convenience. Without incurring any fees or penalties, the investor may also halt or alter the SIP at any moment.
Most Profitable SIP in India 2024- The Operation of SIP
- Select a Mutual Fund Scheme: Your investing objectives and risk tolerance will determine which mutual fund scheme is best for you. Different schemes are available, such as growth-oriented stock funds, stability-oriented debt funds, and hybrid funds that combine the best features of both.
- Establish Your SIP: Select the frequency of your investments (monthly, quarterly, etc.) and the amount you wish to invest each time. As little as Rs 100 can be used to get started each month!
- Automatic Deductions: On the designated date, the amount you have designated will be automatically taken out of your bank account and invested in the mutual fund scheme of your choice.
- Units Purchased: You will be assigned units of the scheme based on the net asset value (NAV) of the fund on that particular day.
- Regular Investments: By taking advantage of rupee-cost averaging and compounding, you will gradually accumulate more units with each SIP transaction.
Most Profitable SIP in India 2024- What advantages does SIP offer?
- Disciplined Investing: SIPs promote consistent investing, fostering habit formation and warding off the urge to time the market.
- Rupee-Cost Averaging: You can average out your costs over time by purchasing more units during periods of low NAV and fewer during periods of high NAV by investing set amounts.
- The Power of Compounding: Over time, snowball growth is produced by your investments and returns because they keep getting reinvested.
- Convenience and Flexibility: SIPs are simple, automated investments that you may easily stop or change at any moment.
- Small Start, Big Corpus: The power of compounding allows even modest investments to increase dramatically over time.
- Investing in a diverse portfolio of debt, equity, or hybrid funds contributes to long-term wealth creation.
- By making investments at various price points and averaging the cost of those investments, it helps lower the risk of market changes.
- Investing in tax-saving mutual funds, such as ELSS funds, which have a three-year lock-in period and are eligible for a deduction under Section 80C of the Income Tax Act, helps save taxes.
- By taking advantage of the compounding effect and investing methodically and disciplinedly, it aids in the achievement of financial objectives.
- It aids in forming a saving and investing habit in investors, helping them become financially independent and disciplined.
Most Profitable SIP in India 2024- How to choose the SIP that’s best for you:
Most Profitable SIP in India 2024 – In India, a wide range of asset management businesses and mutual fund providers offer SIP plans. The optimal SIP plan for each investor can be selected by taking into account their financial objectives, investment horizon, expected returns, and risk tolerance.
When selecting a SIP plan, investors should take into account a number of aspects, including:
1. The mutual fund scheme’s performance and history, as well as the fund manager’s
2. The mutual fund scheme’s cost ratio and exit load
3. The mutual fund scheme’s portfolio mix and diversification
4. The mutual fund scheme’s investment goal and approach
5. The mutual fund scheme’s ratings and evaluations from different platforms and agencies
SIP Calculator- which calculate your SIP for different intervals
SIP CALCULATOR
Duration SIP Amount (₹) Future Value (₹)
Comparison between individual share investment and SIP
SIP vs. Individual Shares: A Comparison
| Feature | SIP | Individual Shares |
| Diversification | High – Spreads risk across multiple companies and industries | Low – Focused on a single company, risk concentrated |
| Risk | Lower – Less volatile due to diversification | Higher – More susceptible to price fluctuations of a single company |
| Control | Low – Limited control over specific holdings | High – Choose which stocks to buy and sell |
| Minimum Investment | Lower – Can start with small amounts (even ₹100) | Higher – May require larger upfront investment |
| Management | Professional – Managed by experienced fund managers | Self-directed – Requires personal research and analysis |
| Convenience | Easy – Automated deductions and hassle-free | More effort – Requires ongoing monitoring and management |
| Liquidity | Moderate – Subject to exit load in some cases | High – Can be easily bought and sold |
| Potential Returns | Moderate – Steady growth over time | Higher – Potentially significant gains, but also potential for losses |
| Emotional Decisions | Less prone – Regular investments reduce emotional influence | More likely – Panic selling or buying based on market noise |
| Suitability for Beginners | Excellent – Simple and low-risk entry point | Less suitable – Requires knowledge and analysis, carries higher risk |
Most profitable SIP in India- 2023
Table of Top Performing SIPs (2023 Returns):
| Fund Name | Category | 2023 Return |
| Quant Active Fund – Direct | Multi Cap | 35.20% |
| Quant Flexi Cap Fund – Direct | Flexi Cap | 34.50% |
| Parag Parikh Flexi Cap Fund – Direct | Flexi Cap | 33.10% |
| PGIM India Emerging Opportunities Fund – Direct | Mid Cap | 32.90% |
| Canara Robeco Emerging Equities Fund – Direct | Mid Cap | 32.70% |
| DSP Mid-cap Fund – Direct | Mid Cap | 32.40% |
| Quant Large & Mid Cap Fund – Direct | Large & Mid Cap | 32.30% |
| Axis Flexi Cap Fund – Direct | Flexi Cap | 32.20% |
| Mirae Asset Emerging Bluechip Fund | Large & Mid Cap | 31.80% |
| Kotak Equity Opportunities Fund – Direct | Large & Mid Cap | 31.70% |
Remember:
- This table includes high-risk funds alongside moderate-risk options.
- Diversification is crucial. Consider combining these funds with lower-risk options based on your risk tolerance.
Most Profitable SIP in India 2024- Future SIP introduction
There are numerous SIP plans available, some of which are scheduled to go live in 2024. India 2024 will see the following SIP launches, to name a few:
1. Ebixcash SIP: One of the top fintech companies, Ebixcash provides a range of services, including e-commerce, travel, insurance, and money transfers. In 2024, Ebixcash intends to introduce its SIP plan, which will invest in equity and equity-related assets owned by the company and its affiliates. The SIP plan will try to give investors income and long-term capital growth.
2. Indiafirst Life SIP: Carmel Point Investments India Private Limited, Union Bank of India, and Bank of Baroda jointly own Indiafirst Life. In 2024, Indiafirst Life intends to introduce its SIP plan, which will allocate investments across a range of debt, equity, and hybrid funds. Together with life insurance coverage, the SIP plan will try to give investors a healthy mix of income and growth.
3. SPC Life Sciences SIP: SPC Life Sciences is a biotechnology business that specializes in creating cutting-edge goods and services for the medical field. The SIP plan, which will invest in equity and equity-related instruments of SPC Life Sciences and its group companies, is scheduled to begin in 2024. Long-term capital growth and exposure to the developing biotechnology industry are the goals of the SIP plan.
4. Tata Play SIP: A variety of games, films, music, and podcasts are available on Tata Play, a digital entertainment platform. In 2024, Tata Play intends to introduce its SIP plan, which will invest in equity and equity-related securities of the company as well as those of its affiliated businesses.
5. Lohia Corp SIP: Lohia Corp. is a leading manufacturer and supplier of machinery and equipment for the plastic and textile sectors. The plan’s objectives are to give investors access to premium content and features of Tata Play, as well as long-term capital appreciation and income. In 2024, Lohia Corp. plans to introduce its SIP plan, which will invest in equity and equity-related securities of the company as well as those of its affiliates.
The SIP plan’s objectives are to give investors exposure to the industrial sector, long-term capital growth, and income. You may want to have a look at these forthcoming SIP launches in India in 2024 for your investing portfolio.
SIP minimum investment
The type of program and fund house you select will determine the minimum investment amount for mutual funds in India. The minimum investment amount for lump-sum investments might be as little as Rs. 500 or as much as Rs. 5,000. The minimal investment for SIPs can be as little as Rs. 100. Additionally, a minimum investment of Rs. 100 is offered by certain funds for SIPs.SIPs are paid on a regular basis, like a monthly or quarterly basis. A minimum investment of Rs. 100 is required to begin a SIP; you can then increase it to suit your needs and financial objectives.
Several mutual fund firms permit investments up to Rs. 100 using SIPs. These include:
1. Aditya Birla
2. ICICI Prudential Mutual Fund
3. Sundaram Mutual Fund
4. Axis Mutual Fund
5. Nippon India Mutual Fund
6. Sun Life Mutual Fund
Technical Indicators used for SIP scheme
Based on the indications they produce, technical indicators can also assist you in determining whether to purchase or sell a mutual fund.
Technical indicators can be of many different kinds, including volatility, momentum, trend, and volume indicators. You can use each sort of indication separately or in combination to improve your analysis; each has a distinct purpose and function. Several popular technical indicators can assist you in determining if a mutual fund is a wise investment or not. These indicators include:
1. Trend indicators: These indicators reflect the direction and inclination of a mutual fund’s price movement over a period of time. They can assist you in determining whether the fund is in a bullish, bearish, or sideways trend. You can identify trend continuations and reversals with the use of trend indicators. Moving averages, MACDs, and trendlines are a few types of trend indicators.
2. Momentum indicators: These show how quickly and strongly a mutual fund’s price is changing over time. They can assist you in determining whether the fund’s momentum is steadily rising, falling, or staying the same. Additionally, you can use momentum indicators to spot overbought and oversold situations, which point to possible price reversals. Indicators of momentum include stochastics, CCI, and RSI.
3. Volatility indicators: These indicators gauge how much a mutual fund’s price varies and fluctuates over time. They can assist you in determining the fund’s level of volatility, whether it is high, low, or moderate. You can also ascertain the risk and uncertainty related to the fund by using volatility indicators. Standard Deviation, ATR, and Bollinger Bands are a few types of volatility indicators.
4. Volume indicators: Over time, these indicators show how much trading activity and interest there has been in the mutual fund. They can assist you in verifying the accuracy and dependability of the fund’s price movement. You can also use volume indicators to spot breakouts and breakdowns, which point to notable changes in price. Volume, OBV, and MFI are a few types of volume indicators.
Source:
How to Apply Technical Indicators to Mutual Funds – Investopedia.
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Most Profitable SIP in India 2024- Disclaimer:
Most Profitable SIP in India 2024- This blog’s content is intended exclusively for educational and informational reasons; it does not provide any financial advice, direction, or suggestion. The writer of this blog is not a professional financial advisor, planner, or advisor; rather, they are just expressing their own thoughts, experiences, and knowledge regarding mutual funds. Unless otherwise indicated in the blog content, the writer of this blog is not connected to, endorsed by, sponsored by, or related to any mutual fund company, scheme, or organization. This blog’s owner maintains the right, at any time and without previous notice or approval, to change, update, remove, or stop posting content.
