Best SIP Plans for 5 Years Investment in 2024

Sannihitha Ponaka •

Updated on 27 Oct, 2023

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Best SIP Plans for 5 Years 2024
1. Canara Robeco Bluechip Equity Fund
2. Baroda BNP Paribas Large Cap Fund for SIP
3. UTI Nifty Index Fund for SIP
4. HDFC Index Nifty 50 Fund for SIP
5. ICICI Prudential US Bluechip Equity Fund for SIP

The best SIP for five years will typically invest in equity mutual funds that have exposure to large-cap stocks or track the benchmark index (index fund). You can invest in these funds for goals such as buying a car, saving for a vacation, etc. The article lists the best SIP for 5 years.

Furthermore, you can use Scripbox’s SIP Calculator to estimate the potential returns from a fund. Based on the fund’s historic performance, the calculator estimates the returns for your investment duration. The calculator gives graphical and tabular return estimations that help you analyze returns. Also, the calculator estimates returns on the basis of three growth scenarios – above-average, average, and below-average returns. You can use the calculator to test multiple scenarios and make better investment decisions.

Best SIP Plans for 5 Years 2024

Fund Name	5 Year CAGR	Expense Ratio
Canara Robeco Bluechip Equity Fund	15.90%	1.71%
Baroda BNP Paribas Large Cap Fund	15.50%	2.12%
UTI Nifty Index Fund	14.50%	0.41%
HDFC Index Nifty 50 Fund	14.30%	0.40%
ICICI Prudential Bluechip Fund	15.20%	1.58%

Minimum SIP amount for all scheme starts at Rs. 1000/-

1. Canara Robeco Bluechip Equity Fund

The Canara Robeco Bluechip Equity Fund is a large cap equity-oriented fund that invests majorly in companies with large market capitalization. The fund intends to generate long-term growth and wealth gain through its asset allocation methodologies. Scripbox recommends Canara Robeco Bluechip Equity Fund- Regular for a long-term investment within the large-cap mutual fund category. Long-term gains have regularly exceeded inflation under this plan. With a 12-year track record, the fund is a category. The fund size is large in comparison to other funds in its category. The fund ranks first in its category based on its average rolling returns. The blue-chip fund is suitable for investors who seek equity investments but do not want exposure to very high volatile stocks (small and mid-cap companies).

Fund Details

Minimum SIP Amount: ₹1,000
Minimum Lumpsum: ₹5,000
Expense Ratio: 1.71%
Benchmark: S&P BSE 100 India TR INR
Risk Level: Very High Risk
AMC: Canara Rebeco Mutual Funds

2. Baroda BNP Paribas Large Cap Fund for SIP

The scheme’s investment objective is to produce long-term capital growth from a diversified and actively managed portfolio. It invests in equities and equity-related instruments by investing primarily in companies with a large market capitalization. This fund is designed for participants with a minimum investment horizon of five years. Due to the nature of the fund, you should anticipate short-term volatility in your investments. According to the experts at Scripbox, Baroda BNP Paribas Large Cap Fund is a Top-Rated fund. Invest in the Baroda BNP Paribas Large Cap Fund if its investment objective and risk-o-meter align with your investment objectives and risk tolerance.

Fund Details

Minimum SIP Amount: ₹1,000
Minimum Lumpsum: ₹5,000
Expense Ratio: 2.12%
Benchmark: Nifty 100 TR INR
Risk Level: Very High Risk
AMC: Baroda Mutual Funds

3. UTI Nifty Index Fund for SIP

UTI Nifty Index Fund is an index mutual fund with unlimited investment potential. The fund replicates and follows the Nifty 50 Index by purchasing the same quantity and proportion of equities as the index. The Scheme does not invest in any active sector or stock that is not included in the selected index. UTI Nifty Index Fund has the lowest expense ratio. The Scheme is open to investors wanting to eliminate unsystematic risk in relation to a certain sector, industry, or firm. The product provides relatively inexpensive market exposure to the equity of leading corporations. These funds are also a good option for investors who favour predictable returns and are suitable for a minimum 5-year investment horizon.

Scripbox suggests UTI Nifty Index Fund as an investment under the category of index mutual funds.

Fund Details

Minimum SIP Amount: ₹1,000
Minimum Lumpsum: ₹5,000
Expense Ratio: 0.41%
Benchmark: IISL Nifty 50 TR INR
Risk Level: Very High Risk
AMC: UTI Mutual Funds

4. HDFC Index Nifty 50 Fund for SIP

The HDFC Index Nifty 50 is an index mutual fund that replicates the Nifty 50 Index. It mirrors the performance of the Nifty 50 Index by investing in the stocks of companies included in the index. It purchases the same number and proportion of equities as those in the index. Since the funds mirror and follow the Nifty 50, they are not prejudiced toward any sector or industry that is not represented by the chosen index. The scheme offers inflation-beating returns. The fund has a 19-year track record and has given significant returns over the years.

Index funds are ideal for investors with long-term asset accumulation objectives, such as retirement planning. In addition, the suggested investment duration is five years and more.

Fund Details

Minimum SIP Amount: ₹1,000
Minimum Lumpsum: ₹5,000
Expense Ratio: 0.40%
Benchmark: IISL Nifty 50 TR INR
Risk Level: Very High Risk
AMC: HDFC Mutual Funds

5. ICICI Prudential US Bluechip Equity Fund for SIP

The ICICI Prudential US Bluechip Equity Fund invests primarily in securities of large-cap U.S. corporations. Through an investment in the fund, Indian investors can invest in U.S. companies. Mutual funds that invest in bluechip corporations or large market capitalization companies are known as bluechip mutual funds. These firms have superior historical performance and future development prospects. The suitable investment horizon is long term, about 10 years. The fund is appropriate for an investor whose goal is to generate long-term wealth through exposure to US stock market-listed securities.

Scripbox suggests investing in the ICICI Pru US Bluechip Equity Fund from the US Equity mutual fund category. US equities mutual funds provide international market exposure. In addition, it gives investment appreciation over the long term. Over the years, the fund has consistently given inflation-beating returns.

Fund Details