Top equity mutual funds for SIP
5paisa Research Team
9th January 2024 - 04:57 pm
In the year 2021, equity mutual funds on average gave returns of 32.53%. Read on to find out more about top equity MFs for SIP.
The year 2021 was quite fruitful for investors as on average an equity mutual fund gave returns of 32.53%. The funds dedicated to Information Technology (IT) sector returned 62.82% on average. Furthermore, smallcap funds and equity funds dedicated to the infrastructure sector followed suit by generating returns close to 61.56% and 51%, respectively.
|
Month |
SIP Contribution (Rs Crore) |
|
Jan-21 |
8,023 |
|
Feb-21 |
7,528 |
|
Mar-21 |
9,182 |
|
Apr-21 |
8,596 |
|
May-21 |
8,819 |
|
Jun-21 |
9,156 |
|
Jul-21 |
9,609 |
|
Aug-21 |
9,923 |
|
Sep-21 |
10,351 |
|
Oct-21 |
10,519 |
|
Nov-21 |
11,005 |
As you can see from the above table the monthly contribution post-normalization has increased tremendously. In the year 2021, the monthly contribution increased from Rs 8,023 crore in January 2021 to Rs 11,005 crore in 2021, clocking to an absolute growth of 37%.
Systematic Investment Plan (SIP) is one of the best ways to inculcate the discipline of investing regularly. It also comes with the benefit of rupee cost averaging. When the markets soar, a SIP investor ends up buying fewer units at higher Net Asset Value (NAV) and when the markets turn sombre, more units are bought at lower NAVs, thereby averaging it out. Trailing three-year annualized SIP returns stood at 18.6%. In this post, we have listed the top 10 equity mutual funds for SIP.
|
Fund Name |
3-Year Annualised SIP Returns (%) |
Standard Deviation (%) |
|
Axis Midcap Fund |
34.33 |
18.59 |
|
SBI Focused Equity Fund |
32.63 |
20.47 |
|
Quant Active Fund |
47.06 |
23.59 |
|
UTI Flexi Cap Fund |
34.92 |
21.08 |
|
Parag Parikh Flexi Cap Fund |
38.72 |
17.75 |
|
Kotak Small Cap Fund |
51.94 |
27.42 |
|
SBI Small Cap Fund |
40.75 |
23.79 |
|
Baroda Midcap Fund |
43.02 |
20.69 |
|
Baroda Multi Cap Fund |
35.98 |
20.09 |
|
Canara Robeco Flexi Cap Fund |
29.21 |
18.94 |
Tanushree Jaiswal