10 Best SIP Plans for 1000 Per Month in 2024

Brokerage Free Team • May 22, 2024 | 6 min read • 632 views

A Systematic Investment Plan (SIP) is a favored approach for investing in mutual funds, offering both convenience and adaptability. Through SIPs, investors can commit a fixed sum to a mutual fund scheme at regular intervals, which can be weekly, monthly, quarterly, or annually.

 

The investment amounts in SIPs can differ based on the fund house's policies and the type of mutual fund selected. One of the notable benefits of SIPs is their accessibility, allowing investors to begin with relatively modest sums. This feature makes them attractive to a broad spectrum of individuals.

 

Many asset management companies (AMCs) permit the initiation of SIPs with amounts as low as ₹100 or ₹500. This low entry barrier enables individuals to participate in the market and gradually accumulate a substantial corpus over time. This article will explore the top plans for investing in a monthly SIP of ₹1,000.

 

Best SIP Plans for Rs. 1000 Per Month

Here are the 10 best mutual funds for SIP of Rs.1,000 Per month (sorted by 5-year returns):

 

Schemes 1-year return 3-year return 5-year return
Quant Active Fund 22.50% 40.27% 22.27%
Parag Parikh Flexi Cap Fund 25.87% 29.67% 18.69%
PGIM India Flexi Cap Fund 21.60% 31.06% 17.39%
Mirae Asset Emerging Bluechip Fund 18.87% 28.91% 16.69%
Quant Large and Mid Cap Fund 22.66% 28.55% 16.56%
Kotak Equity Opportunities Fund 27.19% 28.69% 15.76%
Edelweiss Large & Mid Cap Fund 25.68% 29.81% 15.17%
Quant Focused Fund 20.43% 29.53% 15.14%
Sundaram Focused Fund 23.47% 26.35% 14.72%
Canara Robeco Emerging Equities Fund 20.67% 27.98% 14.16%

 

1. Quant Active Fund

Quant Active Fund is an equity-focused scheme from Quant Mutual Fund, introduced on January 1, 2013. The primary objective of this fund is to achieve capital appreciation and provide long-term growth potential. It does this by investing in a diversified portfolio that spans large-cap, mid-cap, and small-cap companies.

  • AUM: 4,337 Cr

  • Expense Ratio: 0.58%

  • Category of Fund: Multi-Cap

  • Risk: Very high

  • Fund Manager: Anikt Pande , Vasav Sahgal , Sanjeev Sharma

 

2. Parag Parikh Flexi Cap Fund

Parag Parikh Flexi Cap Fund is an equity-oriented scheme from PPFAS Mutual Fund, launched on May 28, 2013. This open-ended dynamic equity scheme invests in a mix of large-cap, mid-cap, and small-cap stocks. Its main objective is to achieve long-term capital growth by actively managing a portfolio of equity and equity-related securities. The fund also has significant exposure to foreign stocks, comprising about 18% of its holdings, with investments in major companies such as Microsoft Corp, Alphabet Inc, Amazon, and Meta Platforms. Here are the key details:

  • AUM: 35,965 Cr

  • Expense Ratio: 0.72%

  • Category of Fund: Flexi Cap

  • Risk: Very High

  • Fund Manager: Rajeev Thakkar , Raunak Onkar , Rukun Tarachandani , Raj Mehta

 

3. PGIM India Flexi Cap Fund

PGIM India Flexi Cap Fund is an equity-oriented scheme from PGIM India Mutual Fund, introduced on March 4, 2015. This open-ended dynamic scheme invests across large-cap, mid-cap, and small-cap categories. The fund's primary goal is to generate income and achieve capital appreciation by predominantly investing in an actively managed, diversified portfolio of equity and equity-related instruments, including derivatives. Here are the key details:

 

  • AUM: 5716 Cr

  • Expense Ratio: 0.41%

  • Category of Fund: Flexi Cap

  • Risk: Very High

  • Fund Manager: A. Anandha Padmanabhan, Vinay Paharia, Puneet Pal, Ojasvi Khicha

 

4. Mirae Asset Emerging Bluechip Fund

Mirae Asset Emerging Bluechip Fund, an equity scheme from Mirae Asset Mutual Fund, was introduced on January 1, 2013. The fund's objective is to generate income and achieve capital appreciation by primarily investing in Indian equities and equity-related securities of large-cap and mid-cap companies. Here are the key details:

  • AUM: 25,332 Cr

  • Expense Ratio: 0.67%

  • Category of Fund: Large & MidCap

  • Risk: Very high

  • Fund Manager: Neelesh Surana, Ankit Jain

 

5. Quant Large and Mid Cap Fund

Quant Large and Mid Cap Fund is another offering from Quant Mutual Fund, launched on January 1, 2013. This open-ended scheme focuses on generating capital appreciation and providing long-term growth by investing primarily in a portfolio of large-cap and mid-cap companies. Here are the key details:

 

  • AUM: 828 Cr

  • Expense Ratio: 0.56%

  • Category of Fund: Large & MidCap

  • Risk: Very high

  • Fund Manager: Anikt Pande , Vasav Sahgal , Sanjeev Sharma

 

6. Kotak Equity Opportunities Fund

Kotak Equity Opportunities Fund Direct-Growth is a mutual fund scheme from Kotak Mahindra Mutual Fund, launched on January 1, 2013. This fund focuses on investing in both large-cap and mid-cap companies, aiming to achieve capital appreciation by maintaining a diversified portfolio of equity and equity-related securities. Here are the key details:

 

  • AUM: 13,128 Cr

  • Expense Ratio: 0.49%

  • Category of Fund: Large & MidCap

  • Risk: Very high

  • Fund Manager: Harsha Upadhyaya

 

7. Edelweiss Large & Mid Cap Fund

The Edelweiss Large & Mid Cap Fund is an open-ended equity scheme from Edelweiss Mutual Fund, launched on January 1, 2013. This fund invests in a mix of large-cap and mid-cap stocks, aiming to generate long-term capital appreciation through a diversified portfolio of equity and equity-related instruments. Here are the key details:

  • AUM: 1,937 Cr

  • Expense Ratio: 0.53%

  • Category of Fund: Large & MidCap

  • Risk: Very high

  • Fund Manager: Abhishek Gupta, Trideep Bhattacharya

 

8. Quant Focused Fund

The Quant Focused Fund is an open-ended mutual fund scheme provided by Quant Mutual Fund, launched on August 25, 2008. Classified as a focused fund, it strategically concentrates on a limited number of meticulously chosen stocks. Its primary objective is to achieve capital appreciation through investments in a focused portfolio of equity and equity-related instruments. Here are the key details:

 

  • AUM: 266.74 Cr

  • Expense Ratio: 0.57%

  • Category of Fund: Large Cap

  • Risk: Very high

  • Fund Manager: Anikt Pande , Vasav Sahgal , Sanjeev Sharma

 

9. Sundaram Focused Fund

The Sundaram Focused Fund is an open-ended mutual fund scheme provided by Sundaram Mutual Fund, introduced on January 1, 2013. Categorized as a focused fund, it strategically directs its investments towards a select number of meticulously chosen stocks. Its primary objective is to achieve capital appreciation through investments in a focused portfolio of equity and equity-related instruments. Here are some key details:

  • AUM: 836 Cr

  • Expense Ratio:1.32%

  • Category of Fund: Flexi Cap

  • Risk: Very high

  • Fund Manager: Sudhir Kedia , Ravi Gopalakrishnan

 

10. Canara Robeco Emerging Equities Fund

The Canara Robeco Emerging Equities Fund is an open-ended mutual fund scheme provided by Canara Robeco Mutual Fund, launched on January 2, 2013. Classified as an emerging equities fund, it focuses on investments in equity and equity-related instruments of companies with anticipated high growth potential. The fund's objective is to achieve long-term capital appreciation through a diversified portfolio of emerging companies. Here are some key details:

 

  • AUM: 16,791 Cr

  • Expense Ratio: 0.56%

  • Category of Fund: Large & MidCap

  • Risk: Very high

  • Fund Manager: Shridatta Bhandwaldar

 

Summing Up

Overall, SIPs are a popular investment method that gives you a disciplined and easy way to invest in equities. They have the potential to generate long-term wealth and are appropriate for investors with varied investment amounts and time horizons. Additionally, you can use tools like SIP Calculator to calculate the SIP returns of your selected funds.

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