Best SIP Plans For 5-Years Investment in 2023

Best SIP Plans for 5 Years in Equity Funds

Best SIP Plans for 5 Years in Debt Funds

Investing in stocks can bring good profits, but it also means higher risks because the stock market can be unpredictable. Before you decide to invest, think about what you want to achieve with your money and how comfortable you are with taking risks.

I’ve put together a list of good mutual funds that invest in stocks. These funds can be a smart choice if you want to start a regular investment plan called SIP.

Remember that mutual funds can do well or not so well over time. It’s a good idea to talk to a financial advisor and do some research to pick the right investments for your financial goals.

1) Quant Small Cap Fund Direct Plan-Growth

• Quant Small Cap Fund Direct Plan-Growth is good for medium to short-term investments, like 5 years in 2023.
• It had a strong 3-year growth rate of 67.91%, suggesting potential for good returns.
• Over 5 years, it’s been consistent with a growth rate of 22.49%, showing reliability.
• Remember, past performance doesn’t guarantee future results; all investments have risks.
• Research and consider your own financial goals and risk tolerance before investing.

2) Tata Digital India Fund Direct-Growth

• Tata Digital India Fund Direct-Growth is from Tata Mutual Fund.
• Managed by Fund Manager Meeta Shetty.
• Has a low current expense ratio of 0.31%.
• It’s an open-end mutual fund, allowing flexible buying and selling.
• Manages a large amount of INR 6,765.81 crores, showing significant AUM.
• Tata Digital India Fund Direct-Growth is indeed one of the best SIP plans for a 5-years investment in 2023. 

3) ICICI Prudential Technology Direct Plan-Growth

• ICICI Prudential Technology Direct Plan-Growth has shown strong growth, averaging 51.73% over 3 years.
• Over 5 years, it still maintains a good return rate of 21.60%.
• You can start investing with just INR 100, making it accessible to many people.
• This low initial investment makes it a good choice for a wide range of investors, promoting inclusivity and accessibility.

4) SBI Technology Opportunities Fund Direct-Growth

• SBI Technology Opportunities Fund Direct-Growth has delivered a solid rate of return, averaging 36.75% over 3 years.
• It continues to perform well over 5 years, with a growth rate of 20.84%.
• To boost your returns, you can start a Systematic Investment Plan (SIP) with just INR 500 per month, but you should commit to investing for at least 3 years.
• The fund is quite substantial, currently valued at INR 2861.77 crores, which shows it has a strong amount of assets under management (AUM).
• SBI Technology Opportunities Fund Direct-Growth is indeed one of the best SIP plans for a 5-years investment in 2023

5) Aditya Birla Sun Life Digital India Fund Direct-Growth 

• One of the best SIP plans for a 5-years investment in 2023 is Aditya Birla Sun Life Digital India Fund Direct-Growth boasts a track record spanning over ten years, with its inception on 01/01/2013.
• The current Asset Under Management (AUM) for this fund stands at a significant INR 3,338.13 crores, emphasising its substantial size and popularity among investors.
• It maintains a competitive expense ratio of 0.88%, indicating the annual cost borne by investors for managing the fund.
• Over a 3-year period, the fund has consistently delivered an impressive rate of return, measuring at 40.10%, underscoring its potential for generating attractive returns for investors.

Best SIP Plans in Debt Funds

Here is a curated list of some of the top Systematic Investment Plan (SIP) options for debt funds, catering to investors seeking stability and lower risk in their investment portfolios. 

1) DSP Government Securities Direct Plan-Growth

• DSP Government Securities Direct Plan-Growth is a Gilt mutual fund scheme offered by DSP Mutual Fund. It is indeed one of the best SIP plans for a 5-years investment in 2023. 
• The fund has a tenure of over ten years, having been launched on 01/01/2013.
• Categorized as a medium-sized fund, it maintains an expense ratio of 0.54%, reflecting the annual cost incurred by investors.
• Over a 3-year period, the DSP Government Securities Direct Plan-Growth fund has achieved a rate of return of 5.88%.
• Demonstrating consistency, the fund has consistently delivered a rate of return of 8.34% over a 5-year span, highlighting its potential to provide stable returns for investors.

2) Aditya Birla Sun Life Medium Term Direct Plan-Growth

• Aditya Birla Sun Life Medium Term Direct Plan-Growth falls under the category of medium-duration mutual fund schemes.
• The fund manages a substantial asset portfolio with a total worth of INR 1,643 crore, placing it within the medium-sized fund category.
• Over a 3-year investment horizon, the fund has demonstrated an impressive rate of return, achieving 14.17%.
• Over a more extended 5-year period, it has consistently delivered a respectable rate of return, averaging at 8.57%, highlighting its potential to provide stable returns for investors.

3) Bandhan Government Securities Investment Plan Direct-Growth

• Bandhan Government Securities Investment Plan Direct-Growth primarily invests in Government of India (GOI) securities.
• Since inception, it has delivered an impressive average annual return of 8.83%.
• Manages a substantial Asset Under Management (AUM) of INR 1,410 crores.
• Over 3 years, it offers a competitive return of 5.69%.
• Over 5 years, it maintains a consistent return averaging 8.39%, providing stable returns for investors.
• Bandhan Government Securities Investment Plan Direct-Growth is indeed one of the best SIP plans for a 5-years investment in 2023

Bottom-line

Investing in the SIP plans mentioned above, especially if you plan to invest for five years or more, is a smart move. You can use an online SIP calculator to see how your investments might grow over time, helping you with financial planning.

Read More >> Best sip plans for 500 per month