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SIPs are a great way for individuals on a tight budget to invest in market-linked markets and generate substantial returns. These investments require investors to invest a specified amount on a recurring basis instead of a lump sum, which is subsequently pooled and invested in the equity market. You can invest as little as INR 1000 per month in SIPs and experience good returns in accordance with your risk profile and investment objective.

Recommended: To Check Best Mutual Funds for SIP

Best SIP Plan for 1000 Per Month

Fund Name5 Yr CAGRExpense Ratio
Nippon India Value Fund12.00%1.98
Franklin India Feeder Franklin U S Opportunities Fund14.50%1.56
Canara Robeco Emerging Equities Fund12.10%1.84
Canara Robeco Bluechip Equity Fund13.00%1.9
Nippon India Arbitrage Fund5.20%1.06

1. Nippon India Value Fund for SIP

The Nippon India Value Fund seeks to provide investors with capital appreciation and reliable returns. The fund invests in value stocks from diverse industries and market capitalizations. It invests in financial services, healthcare, technology, and consumer services, among other industries.

Scripbox recommends the Nippon India Value Fund within the area of value funds. These funds have the potential to appreciate in value. In addition, the fund is appropriate for investments with long-term tenure. The fund has the greatest information ratio in its category. The information ratio is used to evaluate a portfolio manager’s capacity to create returns that exceed its benchmark. In accordance with its investment objectives, the fund has performed well throughout the years, producing an above-inflation return on investment.

Fund Details

  • Minimum SIP Amount: ₹1,000
  • Minimum Lumpsum: ₹5,000
  • Expense Ratio: 1.98%
  • Benchmark: IISL Nifty 500 TR INR
  • Risk Level: Very High Risk
  • AMC: Nippon Mutual Funds

2. Franklin India Feeder Franklin U S Opportunities Fund for SIP

Franklin India Feeder Franklin US Opportunities Fund is an international FoF. It invests largely in premier growing companies with diverse market capitalizations and industries or sectors situated in the United States. By investing in the fund, Indian investors are given the option to invest in U.S. companies. The suitable investment horizon for these funds is long term.  

The fund has the greatest AUM among its peers. On the basis of rolling returns, the fund has performed well. The fund had the greatest quarterly outperformance among all funds in the category. Therefore, Scripbox recommends investment in this fund. Investing in this fund provides geographical diversification as well as chances to engage in industries that are unavailable in India. The scheme has continuously performed well over a period of time. In addition, it offers benchmark-beating returns comparable to funds in the same category.

Fund Details

  • Minimum SIP Amount: ₹1,000
  • Minimum Lumpsum: ₹5,000
  • Expense Ratio: 1..56%
  • Benchmark: Russell 3000 Growth TR USD
  • Risk Level: Very High Risk
  • AMC: Franklin Mutual Funds

3. Canara Robeco Emerging Equities Fund for SIP

The Canara Robeco Emerging Equities Fund invests in a diverse portfolio of large and mid-cap firms from a variety of industries. The diversified investment strategy has the potential to deliver more returns than a large-cap mutual fund. This investment strategy takes a bottom-up approach when selecting large and mid-cap stocks. Scripbox recommends the Canara Robeco Emerging Equities Fund within the area of large and mid-cap funds. These funds have the potential to provide stable returns by exceeding their benchmark and constructing a portfolio of stocks with varying market capitalizations. Over time, the funds outperformed their benchmarks and have given inflation-beating returns.

Fund Details

  • Minimum SIP Amount: ₹1,000
  • Minimum Lumpsum: ₹5,000
  • Expense Ratio: 1.84%
  • Benchmark: IISL Nifty LargeMidcap 250 TR INR
  • Risk Level: Very High Risk
  • AMC: Canara Robeco Mutual Funds

4. Canara Robeco Bluechip Equity Fund for SIP

Canara Robeco Bluechip Equity Fund strives to provide capital appreciation and long-term growth by investing predominantly in high market capitalization firms. A long-term investment horizon is recommended while investing in this fund.

Canara Robeco Bluechip Equity Fund is recommended as a long-term investment within the category of large-cap mutual funds by Scripbox. Over the course of its twelve-year history, the fund has achieved returns that have above inflation. The fund’s current AUM places it among the ten largest funds in its category.

Fund Details

  • Minimum SIP Amount: ₹1,000
  • Minimum Lumpsum: ₹5,000
  • Expense Ratio: 1.90%
  • Benchmark: S&P BSE 100 India TR INR
  • Risk Level: Very High Risk
  • AMC: Canara Robeco Mutual Funds

5. Nippon India Arbitrage Fund for SIP

The Nippon India Arbitrage Fund invests in arbitrage possibilities. The scheme aims to generate a return by exploiting arbitrage opportunities between cash and derivative markets. The fund is appropriate if you wish to invest idle funds for the short term. Arbitrage funds seek to profit from the price disparities between assets traded on two distinct markets. The securities are purchased at a lower price on the cash market and sold at a greater price on the futures market. The profit made through arbitrage is the difference between the two prices. Consequently, arbitrage funds flourish in volatile markets.

Scripbox suggests the Nippon India Arbitrage Fund as an arbitrage mutual fund investment. Arbitrage funds profit from the price differential between the cash and derivatives markets. Additionally, they create money by investing in high-quality liquid debt products.

Fund Details

  • Minimum SIP Amount: ₹1,000
  • Minimum Lumpsum: ₹5,000
  • Expense Ratio: 1.06%
  • Benchmark: NIFTY 50 Arbitrage TR INR
  • Risk Level: Very High Risk
  • AMC: Nippon Mutual Funds

Things to Consider

Typically, new and aspiring investors do not begin investing until they have acquired a specific amount. This decreases the likelihood of profiting from the current market. With SIP plan now beginning at as little as INR 1000 per month, you should begin saving as soon as possible and increasing the investment amount as your income increases.

You can gain access to market-linked investments through SIPs. These plans are appropriate if you wish to limit the risk associated with market changes while still enjoying great profits. You may also elect to diversify your investments to mitigate risk. With SIPs available for as little as Rs. 1,000 per month, you can invest in market-linked financial assets for significant returns.

Using Scripbx’s simplified SIP Calculator, you can simply determine the potential returns of your SIP. The calculator is available online, and you can use it multiple times to test various investment scenarios. Furthermore, the calculator estimates return based on three growth scenarios – above-average, average, and below-average returns. Use the calculator to estimate the returns and make more informed investment decisions.

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