Which mutual fund is best for SIP

Which mutual fund is best for SIP in hindi The best mutual fund for Systematic Investment Plan (SIP) may vary depending on individual financial goals and risk tolerance. Some of the top performing mutual funds for SIP in India till 2024 include:

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Quant Tax Plan Direct-Growth
Quant Infrastructure Fund Direct-Growth
BOI AXA Small Cap Fund
Bandhan ELSS Tax Saver Fund – Direct Plan – Growth
ICICI Prudential Bluechip Fund – Growth
HDFC Top 100 Fund – Direct Plan – Growth
HDFC Focused 30 Fund – Growth
Sundaram Consumption Fund – Growth

While choosing a mutual fund for SIP it is important to consider factors like monthly investment, expected return rate and investment tenure. Additionally, a regular review of your SIP mutual fund portfolio is recommended, ideally every three or four years. It is advisable to consult a financial advisor or do thorough research before taking any investment decision.

Which mutual fund is best for SIP

Choosing the “best” mutual fund for SIP depends on many things like your investment age, your risk tolerance, investment tenure, and the performance of the fund. Here are some things to keep in mind when you choose a mutual fund for SIP:

Investment goals: Different mutual funds have different goals in mind, such as wealth building, income generation, or capital preservation.
Risk Tolerance: Evaluate your risk tolerance limit. Equity funds will bring more returns by taking more risk, while debt funds will bring less risk and moderate returns.
Concept of fund performance: Look at the past performance of the fund. Consider market crises versus stable profits.
Capability of the fund manager: Study the experience, performance policy and qualifications of the fund manager. Experienced managers can influence the goodness of the fund.
Expense Ratio: A lower expense ratio can increase your profits in the long run. Compare expense ratios of funds in the same category.
Fund Category: A diversity of funds across different categories such as large-cap, mid-cap, small-cap, or diversified funds can be beneficial.
Withdrawal charges and lock-in period: Check if the fund has withdrawal charges or lock-in period which may affect your cash requirements.

Which mutual fund is best for SIP

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