Best SIP Plans For 1000 Per Month in India

Whether you’re an experienced investor or a beginner just testing the waters, you know that investing can be a daunting endeavour. SIPs, or Systematic Investment Plans, serve as great entry points for the ordinary man into the world of investing and long-term financial planning.

This article will walk you through the five best SIP plans for 1000 per month in the country.

What is SIP?

A Systematic Investment Plan, also known as a SIP helps you to invest in a mutual fund with small, pre-determined amounts of money at fixed intervals.

SIPs make investing via mutual funds accessible. You can start a SIP with amounts as low as Rs 500 and Rs 1000. These small amounts accumulate over time and make your investment journey less daunting.

Best SIP investment for 1000 per month in India

To begin investing in mutual funds, 1000 per month is an excellent sum. Let us take a look at the five best 1000 per month SIPs in India:

1. HDFC Flexi Cap Fund Direct Plan – Growth

The HDFC Flexi Cap Fund is one of the best SIPs for 1000 per month. It is an open-ended dynamic equity scheme investing across large cap, mid cap & small cap stocks.

AUM: ₹ 66,225.06 Cr

3-year annualised return: 26.83%

Expense ratio: 0.76%

2. JM Flexi Cap Fund – Growth

JM Flexi Cap Fund is an open-ended diversified equity fund. It aims to help you build a more diversified portfolio.

AUM: ₹ 4,721.61 Cr

3-year annualised return: 30.22%

Expense ratio: 0.52%

3. Quant Flexi Cap Fund – Growth

The Quant Flexi Cap Fund scheme is a flexi cap fund that helps you invest in Large, Mid, and Small Cap Companies.

AUM: ₹ 7,513.82 Cr

3-year annualised return: 22.44%

Expense ratio: 0.59%

4. Parag Parikh Flexi Cap Fund Direct Plan – Growth

The Parag Parekh Flexi Cap Fund is an open-ended dynamic equity scheme. It helps you build a portfolio consisting of equity and equity-related securities.

AUM: ₹ 82,441.08 Cr

3-year annualised return: 19.05%

Expense ratio: 0.63%

5. ICICI Prudential Technology Direct Plan – Growth

The ICICI Prudential Technology Direct Plan Growth is an equity mutual fund scheme.

AUM: ₹ 14,173.35 Cr

3-year annualised return: 12.52%

Expense ratio: 0.98%

Final thoughts

SIPs are smart investment options for all investors regardless of experience levels and risk appetites. They are a great way to maintain financial discipline. With investments as low as Rs 1000 per month, you can reach your long-term financial goals.

What’s more, you find a dependable and trustworthy financial platform in Tata Capital Moneyfy. Explore SIPs at 1000 per month with Tata Capital Moneyfy, your trusted investment app, today!