Did you know that you could invest in mutual funds using a systematic investment plan also? Very small amounts can also be pooled into SIP plans. Money is allocated to any mutual fund of your choice. A fixed amount is deducted monthly from the linked account. With the passage of time, the money grows and converts into wealth.
The best SIP plans are the ones where the returns maximize with the length of time. The viewpoint here is to straighten out investments to save all changes in the market. Many SIP investments enable you to invest with a meager amount and build a solid investment fund corpus. The amount could be as low as 500, without an upper limit.
Highlighted below are the 5 high potential SIP plans. Let’s take a look:
Mirae Asset India Equity Fund Direct
A large-cap Mutual Fund with a slightly high risk and good return of 19.34%. This fund investment focuses on long term equity and substantial securities. Large big sized, reputed companies are the center of attention.
Motilal Oswal Midcap 30 Fund Direct
This Midcap fund investment has a very high risk with a return of about 26.58%. The mid-cap companies are basically aimed at the right potential for growth and competitive advantage. The companies for investment fall in the large-cap with a ranking of 100-250 by market capitalization.
Read More: How Safe is Your SIP Investment
Mirae Asset Emerging Bluechip Fund Direct
Mirae Asset Emerging Bluechip Fund Direct has a very high risk attached and a comparatively higher return of 27.47%. This scheme generates income and capital appreciation with a diversified portfolio. Only equities and equity-related securities are a part of the investment.
HDFC Small Cap Fund Direct
This small-cap mutual fund has a very high risk and a return of 23.14%.
L&T Emerging Businesses Fund Direct
This online SIP plan is a small-cap mutual fund with high risk and a good return of 29.06%.