5 Best SIP Mutual Funds in India for a 15-Year Investment Period

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As you plan to invest for a 15-year period, choosing the right SIP (Systematic Investment Plan) mutual funds can significantly impact your investment returns. In this article, we highlight the best SIP mutual funds in India based on their performance over the last five years. This list is not exhaustive but will provide you with a solid foundation to make an informed decision.

Understanding SIP Mutual Funds

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Since you are looking to invest for the long-term, equity mutual funds are an excellent choice. Equity as an asset class has historically outperformed all other asset classes in the long term. SIP mutual funds allow you to invest a fixed amount on a regular basis, such as monthly, which can help average out market fluctuations and build wealth over time.

Selection Criteria

To help you invest in a good fund, we have selected equity mutual funds not only on the basis of returns but also on consistency. The equity funds listed here fall into five specific categories: Large Cap, Large Mid Cap, Multi Cap, Flexi Cap, and ELSS. These categories are suitable for most investors and can be part of your core portfolio.

We have used the quartile system to select these schemes. This system divides funds into four equal groups based on their performance. Funds in the top 25% (Q1) are the best and continue to be our focus. We have relaxed our criteria to include funds that have spent at least 70% of their time in the top two quartiles (Q1 and Q2).

Top 5 Best SIP Mutual Funds

Following are detailed insights into each fund:

Axis Long Term Equity Fund

This fund has consistently performed well, spending 7 years in the top quartile over the last decade.

Invesco India Multicap Fund

Although not as consistent as Axis, this fund has been in the top quartile for 7 out of the last 10 years. However, it has faced some challenges in the last 5 years.

Mirae Asset Emerging Bluechip Fund

This fund has held a top position for 8 out of the last 10 years, reflecting its strong performance.

Aditya Birla Sun Life Equity Advantage Fund

This fund has a strong performance, with 7 years in the top quartile over the last decade.

Canara Robeco Emerging Equities Fund

This fund has shown consistent performance, spending 7 years in the top quartile over the last decade.

Conclusion

There isn't one perfect fund for everyone. These top 5 mutual funds are a good starting point, but it's important to do your own research. You can explore further through the ETMoney app or compare these schemes based on your specific needs.

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