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SIP is an option for investors who prefer to invest little amounts over the long term in order to achieve their financial goals. Typically, a long-term investment horizon is preferable when investing in equity schemes. You can invest in these funds to purchase a house child’s higher education, retirement, etc. The article covers the Best SIP plan for a 10-year investment.

Recommended: To Check Best Mutual Funds for SIP 2024

Best SIP Plan for 10 Year in April 2024

Fund Name10 Year ReturnsExpense Ratio
Mirae Asset Large Cap Fund16%1.54%
Baroda BNP Paribas Large Cap Fund14.10%2.12%
SBI Bluechip Fund15.10%1.59%
Nippon India Large Cap Fund16.50%1.71%
UTI Mastershare Unit13.40%1.73%

1. Mirae Asset Large Cap Fund

The Mirae Asset Large Cap Fund is a large cap equity scheme that primarily invests in equity stocks with a long-term wealth creation aim. This fund is suitable for investors with a long-term investment horizon of 10 years. Due to the nature of the asset class, you should anticipate short-term volatility in your investments.

Mirae Asset Large Cap Fund is a top-ranked fund by Scripbox experts. Over the past 14 years, the fund has consistently performed well and has given inflation-beating returns to its investors.

Fund Details

  • Minimum SIP Amount: ₹1,000
  • Minimum Lumpsum: ₹5,000
  • Expense Ratio: 1.54%
  • Benchmark: IISL Nifty 100 TR INR
  • Risk Level: Very High Risk
  • AMC: Mirae Asset Mutual Funds

2. Baroda BNP Paribas Large Cap Fund

Baroda BNP Paribas large cap fund 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. Due to the nature of the fund, you should anticipate short-term volatility in your investments. Baroda BNP Paribas Large Cap Fund is a Top-Rated fund.

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. SBI Bluechip Fund

SBI Bluechip Equity Fund seeks to offer long-term growth and capital appreciation by investing primarily in large market capitalization companies. A long-term investment horizon of 10 years or more is advisable while investing in this fund.

Scripbox ratted SBI Bluechip Fund as top fund for a long-term investment within the large-cap mutual fund category. With a strong 12-year track record, the fund has generated inflation-beating returns over the years. With the current AUM, the fund is among the top 10 largest funds by AUM in its category.

Fund Details

  • Minimum SIP Amount: ₹1,000
  • Minimum Lumpsum: ₹5,000
  • Expense Ratio: 1.59%
  • Benchmark: S&P BSE 100 India TR INR
  • Risk Level: Very High Risk
  • AMC: SBI Mutual Funds

4. Nippon India Large Cap Fund

Nippon India large cap fund aims to offer investors capital appreciation and stable returns. The scheme invests in value equities from various market capitalizations and industries. Financial services, healthcare, technology, and consumer services are examples of some of the industries it invests in.

Scripbox suggests investing in the Nippon large cap fund within the equity large cap category. These funds have the potential for value appreciation. In addition, the fund is ideal for a 10-year investment duration. The fund has the category’s highest information ratio. Nippon India Large Cap Fund has a standard deviation of 21.30%, beta 1.07% and sharpe ratio of 0.367%.

Fund Details

  • Minimum SIP Amount: ₹1,000
  • Minimum Lumpsum: ₹5,000
  • Expense Ratio: 1.71%
  • Benchmark: IISL Nifty 500 TR INR
  • Risk Level: Very High Risk
  • AMC: Nippon Mutual Funds

5. UTI Mastershare Unit

Long-term wealth creation is the investment objective of the UTI Mastershare Unit fund. This large-cap equity scheme primarily invests in stocks of large-cap companies. According to the experts at Scripbox, the UTI Mastershare Unit fund is a Top Ranked fund. The suitable investment horizon for the UTI Mastershare Unit is long term, 10 years. Due to the nature of the equity asset class, short-term volatility is inevitable with the investment.

Fund Details

  • Minimum SIP Amount: ₹1,000
  • Minimum Lumpsum: ₹5,000
  • Expense Ratio: 1.73%
  • Benchmark: IISL Nifty 100 TR INR
  • Risk Level: Very High Risk
  • AMC: UTI Mutual Fund

Things to Consider

When the investment horizon is at least 10 years, the SIP form of investing will help you earn substantial profits. Investing in equity mutual funds via SIP would allow you to smooth out market volatility and reap the benefits of rupee cost averaging.

In addition, the SIP Calculator of Scripbox can be used to assess the prospective returns of a fund. On the basis of the fund’s historical performance, the calculator computes the returns for the duration of your investment. The calculator provides graphical and tabular return estimations to assist with return analysis.

Furthermore, the calculator forecasts return based on three growth scenarios: returns that are above average, average, and below average. You may utilize the calculator to evaluate multiple investing possibilities and make more informed selections.

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