The table below shows the Best SIP Plans for 1000 Per Month based on AUM, NAV, and minimum SIP.
| Name | AUM (Cr) | Minimum SIP (Rs) | NAV (Rs) |
| Mirae Asset Large & Midcap Fund | 33618.78 | 500.00 | 145.36 |
| Mirae Asset ELSS Tax Saver Fund | 21301.58 | 100.00 | 46.63 |
| Canara Rob Emerg Equities Fund | 20816.29 | 1000.00 | 240.06 |
| ICICI Pru ELSS Tax Saver Fund | 13084.46 | 500.00 | 878.33 |
| UTI Value Fund | 8577.75 | 500.00 | 149.58 |
| UTI Aggressive Hybrid Fund | 5306.2 | 500.00 | 368.82 |
| Aditya Birla SL India GenNext Fund | 4796.85 | 100.00 | 207.76 |
| Tata ELSS Tax Saver Fund | 4028.26 | 500.00 | 42.99 |
| LIC MF Large & Midcap Fund | 2551.04 | 1000.00 | 36.15 |
| Sundaram Consumption Fund | 1365.69 | 100.00 | 88.72 |
Content:
- What is SIP in Mutual Fund?
- Best SIP Plans For 1000 Per Month
- SIP Plans For 1000 Per Month
- Best SIP Plans For 1000 Per Month
- Top SIP Plans For 1000 Per Month In India
- Who Should Invest In SIP in Mutual Fund?
- How To Invest SIP Plans For 1000 Per Month In India?
- Performance Metrics Of SIP in Mutual Fund
- Benefits of SIP in Mutual Fund
- Challenges Of Investing In SIP in Mutual Fund
- Introduction to Best SIP Plans for 1000 Per Month
- SIP Plans For 1000 Per Month – FAQ
What is SIP in Mutual Fund?
SIP, or Systematic Investment Plan, is a method of investing in mutual funds wherein investors contribute a fixed amount at regular intervals, typically monthly. SIPs allow investors to accumulate wealth gradually over time by investing smaller amounts systematically. This strategy helps in rupee cost averaging and mitigating the impact of market volatility, making it suitable for long-term wealth creation goals.
Best SIP Plans For 1000 Per Month
The table below shows the Best SIP Plans For 1000 Per Month based on the highest 5Y CAGR.
| Name | CAGR 5Y (Cr) |
| Mirae Asset Large & Midcap Fund | 20.7 |
| Mirae Asset ELSS Tax Saver Fund | 20.19 |
| Canara Rob Emerg Equities Fund | 18.93 |
| Aditya Birla SL India GenNext Fund | 18.72 |
| LIC MF Large & Midcap Fund | 18.31 |
| UTI Value Fund | 18.14 |
| Tata ELSS Tax Saver Fund | 17.56 |
| Sundaram ELSS Tax Saver Fund | 16.71 |
| ICICI Pru ELSS Tax Saver Fund | 16.63 |
| UTI Aggressive Hybrid Fund | 16.01 |
SIP Plans For 1000 Per Month
The table below shows SIP Plans For 1000 Per Month based on exit load i.e. the fee that the AMC charges investors when exiting or redeeming their fund units.
| Name | Exit Load % | AMC |
| Mirae Asset ELSS Tax Saver Fund | 0.0 | Mirae Asset Investment Managers (India) Private Limited |
| Tata ELSS Tax Saver Fund | 0.0 | Tata Asset Management Private Limited |
| Sundaram ELSS Tax Saver Fund | 0.0 | Sundaram Asset Management Company Limited |
| ICICI Pru ELSS Tax Saver Fund | 0.0 | ICICI Prudential Asset Management Company Limited |
| Mirae Asset Large & Midcap Fund | 1.0 | Mirae Asset Investment Managers (India) Private Limited |
| Canara Rob Emerg Equities Fund | 1.0 | Canara Robeco Asset Management Company Limited |
| Aditya Birla SL India GenNext Fund | 1.0 | Aditya Birla Sun Life AMC Limited |
| LIC MF Large & Midcap Fund | 1.0 | LIC Mutual Fund Asset Management Limited |
| UTI Value Fund | 1.0 | UTI Asset Management Company Private Limited |
| UTI Aggressive Hybrid Fund | 1.0 | UTI Asset Management Company Private Limited |
Best SIP Plans For 1000 Per Month
The table below shows Best SIP Plans For 1000 Per Month based on Absolute 1 Year Return and AMC.
| Name | AMC | Absolute Returns – 1Y % |
| LIC MF Large & Midcap Fund | LIC Mutual Fund Asset Management Limited | 40.53 |
| Mirae Asset Large & Midcap Fund | Mirae Asset Investment Managers (India) Private Limited | 39.77 |
| UTI Value Fund | UTI Asset Management Company Private Limited | 38.36 |
| Mirae Asset ELSS Tax Saver Fund | Mirae Asset Investment Managers (India) Private Limited | 37.32 |
| ICICI Pru ELSS Tax Saver Fund | ICICI Prudential Asset Management Company Limited | 37.23 |
| Sundaram Consumption Fund | Sundaram Asset Management Company Limited | 36.36 |
| Canara Rob Emerg Equities Fund | Canara Robeco Asset Management Company Limited | 35.85 |
| Sundaram ELSS Tax Saver Fund | Sundaram Asset Management Company Limited | 35.58 |
| Tata ELSS Tax Saver Fund | Tata Asset Management Private Limited | 35.41 |
| Aditya Birla SL India GenNext Fund | Aditya Birla Sun Life AMC Limited | 33.81 |
Top SIP Plans For 1000 Per Month In India
The table below shows the top SIP Plans For 1000 Per Month In India based on Absolute 6-month Return and AMC.
| Name | AMC | Absolute Returns – 6M % |
| Canara Rob Emerg Equities Fund | Canara Robeco Asset Management Company Limited | 17.57 |
| LIC MF Large & Midcap Fund | LIC Mutual Fund Asset Management Limited | 17.2 |
| Mirae Asset ELSS Tax Saver Fund | Mirae Asset Investment Managers (India) Private Limited | 17.13 |
| UTI Value Fund | UTI Asset Management Company Private Limited | 17.11 |
| ICICI Pru ELSS Tax Saver Fund | ICICI Prudential Asset Management Company Limited | 16.87 |
| Mirae Asset Large & Midcap Fund | Mirae Asset Investment Managers (India) Private Limited | 16.33 |
| Sundaram ELSS Tax Saver Fund | Sundaram Asset Management Company Limited | 15.6 |
| Tata ELSS Tax Saver Fund | Tata Asset Management Private Limited | 15.04 |
| UTI Aggressive Hybrid Fund | UTI Asset Management Company Private Limited | 14.52 |
| Aditya Birla SL India GenNext Fund | Aditya Birla Sun Life AMC Limited | 12.69 |
Who Should Invest In SIP in Mutual Fund?
SIPs in mutual funds are suitable for a wide range of investors, including those looking to build wealth systematically over time, beginners in investing seeking a disciplined approach, and individuals with long-term financial goals such as retirement planning or education funds. SIPs are also beneficial for investors seeking to mitigate the impact of market volatility and take advantage of the power of compounding.
How To Invest SIP Plans For 1000 Per Month In India?
To invest in SIP plans for ₹1000 per month in India, follow these steps: Choose a mutual fund scheme suitable for your investment goals and risk tolerance. Open an account with a mutual fund distributor or directly with the fund house. Set up the SIP mandate and initiate monthly contributions of ₹1000 to the selected scheme.
Performance Metrics Of SIP in Mutual Fund
The Main Performance Metrics Of SIP in Mutual Funds include Annualized Returns, computed as the compounded annual growth rate (CAGR) of the investment during a specific duration, representing the investment’s overall performance.
1. Expense Ratio: This represents the percentage of assets deducted annually as fees by the mutual fund, impacting overall returns.
2. Sharpe Ratio: Assesses the risk-adjusted return of the SIP, considering both returns and volatility.
3. Rolling Returns: Analyze the SIP’s performance over various rolling periods to understand its consistency.
4. Benchmark Comparison: Compares the SIP’s performance against relevant market indices or peer group funds.
These metrics help investors evaluate the effectiveness of their SIP investments and make informed decisions regarding portfolio management.
Benefits of SIP in Mutual Fund
The main benefits of SIP in mutual funds include spreading out investments over time, which helps to balance the purchase cost and minimize the effects of market fluctuations. This strategy, known as rupee cost averaging, can mitigate the risks associated with market volatility.
1. Disciplined Investing: Encourages a disciplined approach to saving and investing, fostering financial discipline.
2. Flexibility: Investors can start with low amounts and increase gradually as per their financial capability.
3. Compounding: Long-term SIPs benefit from the power of compounding, leading to significant wealth accumulation over time.
4. Automatic Investment: SIPs facilitate automated investing, eliminating the need for timing the market and reducing behavioral biases.
Challenges Of Investing In SIP in Mutual Fund
The Main Challenges Of Investing In SIP in Mutual Funds include susceptibility to market fluctuations, which can impact returns, particularly during periods of elevated volatility.
1. Fund Selection Risk: Choosing the wrong mutual fund scheme can lead to underperformance or loss of capital.
2. Expense Ratio: High expense ratios can erode returns over time, impacting the overall performance of SIPs.
3. Economic Factors: SIP returns are influenced by macroeconomic factors such as interest rates, inflation, and geopolitical events.
Navigating these challenges requires careful consideration, ongoing monitoring, and a long-term perspective to reap the benefits of SIP investing.
Introduction to Best SIP Plans for 1000 Per Month
Best SIP Plans for 1000 Per Month – AUM, NAV
Mirae Asset Large & Midcap Fund
The Mirae Asset Large & Midcap Fund is a mutual fund scheme categorized as Large & MidCap, offered by Mirae Asset Mutual Fund. This fund has a tenure of 11 years and 4 months, having been introduced on January 1, 2013.
The Mirae Asset Large & Midcap Fund imposes an exit load of 1.0% and maintains an expense ratio of 0.65%. It’s crucial to note that this fund carries a very high-risk level. Nevertheless, it has exhibited strong performance over the past five years, achieving a Compound Annual Growth Rate (CAGR) of 20.7%. Additionally, the fund manages a substantial asset base, with Assets Under Management (AUM) totaling ₹33,618.78 crore.
The shareholding pattern of Mirae Asset Large & Midcap Fund indicates that 98.87% of its holdings are in equity, 1.07% in cash and equivalents, and 0.05% in rights.
Mirae Asset ELSS Tax Saver Fund
The Mirae Asset ELSS Tax Saver Fund is an Equity Linked Savings Scheme (ELSS) mutual fund offered by Mirae Asset Mutual Fund. This fund has a track record of 8 years and 5 months since its launch on November 20, 2015.
The Mirae Asset ELSS Tax Saver Fund has no exit load and maintains an expense ratio of 0.64. Despite its very high-risk level, the fund has shown solid performance over the past 5 years, with a Compound Annual Growth Rate (CAGR) of 20.19%. Additionally, it manages a substantial amount of assets, with Assets Under Management (AUM) totaling ₹ 21,301.58 crore.
Canara Robeco Emerg Equities Fund
The Canara Robeco Emerging Equities Fund is a mutual fund scheme focused on Large & MidCap investments, managed by Canara Robeco Mutual Fund. This fund has a tenure of 11 years and 4 months since its inception on January 1, 2013.
The Canara Rob Emerg Equities Fund imposes a 1.00% exit load and maintains an expense ratio of 0.58. Despite its very high-risk level, the fund has demonstrated robust performance over the past 5 years, achieving a Compound Annual Growth Rate (CAGR) of 18.93%. Additionally, it manages a substantial amount of assets, with Assets Under Management (AUM) totaling ₹ 20,816.29 crore.
The shareholding pattern of Canara Rob Emerg Equities Fund shows that 3.32% of its holdings are in cash & equivalents, while 96.68% are in equity.
Best SIP Plans For 1000 Per Month – 5Y CAGR
Aditya Birla SL India GenNext Fund
The Aditya Birla Sun Life India GenNext Direct is a thematic-consumption mutual fund scheme offered by Aditya Birla Sun Life Mutual Fund. This fund has a history of 11 years and 4 months since its launch on January 1, 2013.
The Aditya Birla SL India GenNext Fund imposes a 1.00% exit load and maintains an expense ratio of 0.76. Despite its very high-risk level, the fund has exhibited strong performance over the past 5 years, achieving a Compound Annual Growth Rate (CAGR) of 18.72%. Additionally, it manages a significant amount of assets, with Assets Under Management (AUM) totaling ₹ 4,796.85 crore.
The Aditya Birla SL India GenNext Fund’s shareholding pattern indicates that 0.00% of its holdings are in corporate debt, 1.50% are in cash & equivalents, 3.03% are in rights, and 95.46% are in equity.
UTI Value Fund
The UTI Value Fund is a value-oriented mutual fund scheme offered by UTI Mutual Fund. This fund has a tenure of 11 years and 4 months since its inception on January 1, 2013.
The UTI Value Fund imposes a 1.00% exit load and maintains an expense ratio of 1.13. Despite its very high-risk level, the fund has demonstrated strong performance over the past 5 years, achieving a Compound Annual Growth Rate (CAGR) of 18.14%. Additionally, it manages a substantial amount of assets, with Assets Under Management (AUM) totaling ₹ 8,577.75 crore.
The shareholding pattern of UTI Value Fund illustrates that 0.21% of its holdings are in treasury bills, 0.31% are in rights, 1.12% are in cash & equivalents, and 98.35% are in equity.
Sundaram ELSS Tax Saver Fund
The Sundaram ELSS Tax Saver Fund is an Equity Linked Savings Scheme (ELSS) mutual fund scheme provided by Sundaram Mutual Fund. This fund has been active for 11 years and 4 months since its launch on January 1, 2013.
The Sundaram ELSS Tax Saver Fund has no exit load and maintains an expense ratio of 1.66. Despite its very high-risk level, the fund has demonstrated strong performance over the past five years, achieving a Compound Annual Growth Rate (CAGR) of 16.71%. Additionally, it manages a substantial amount of assets, with Assets Under Management (AUM) totaling ₹ 1,244.39 crore.
The shareholding pattern of Sundaram ELSS Tax Saver Fund indicates that 1.57% of its holdings are in mutual funds, 2.06% are in rights, 3.29% are in cash & equivalents, and 93.07% are in equity.
SIP Plans For 1000 Per Month – Exit Load
ICICI Pru ELSS Tax Saver Fund
The ICICI Prudential ELSS Tax Saver Direct is an Equity Linked Savings Scheme (ELSS) mutual fund scheme offered by ICICI Prudential Mutual Fund. This fund has been operational for 11 years and 4 months since its inception on January 1, 2013.
The ICICI Pru ELSS Tax Saver Fund has no exit load and maintains an expense ratio of 1.0. Despite its very high-risk level, the fund has shown strong performance over the past 5 years, with a Compound Annual Growth Rate (CAGR) of 16.63%. Additionally, it manages a substantial amount of assets, with Assets Under Management (AUM) totaling ₹ 13,084.46 crore.
In the shareholding pattern of ICICI Pru ELSS Tax Saver Fund, 0.24% comprises rights, 2.24% consists of cash & equivalents, and 97.52% is held in equity.
UTI Aggressive Hybrid Fund
The UTI Aggressive Hybrid Fund is an aggressive hybrid mutual fund scheme provided by UTI Mutual Fund. This fund has been active for 11 years and 4 months since its launch on January 1, 2013.
The UTI Aggressive Hybrid Fund imposes a 1.00% exit load and maintains an expense ratio of 1.32. Despite its very high-risk level, the fund has demonstrated strong performance over the past 5 years, achieving a Compound Annual Growth Rate (CAGR) of 16.01%. Additionally, it manages a substantial amount of assets, with Assets Under Management (AUM) totaling ₹ 5,306.2 crore.
The shareholding pattern of UTI Aggressive Hybrid Fund includes 0.12% in additional holdings, 1.97% in rights, 2.18% in cash & equivalents, 10.28% in corporate debt, 16.41% in government securities, and 69.05% in equity.
Best SIP Plans For 1000 Per Month – Absolute 1-Year Return
Sundaram Consumption Fund
The Sundaram Consumption Fund is a thematic-consumption mutual fund scheme offered by Sundaram Mutual Fund. This fund has been operational for 11 years and 4 months since its launch on January 1, 2013.
The Sundaram Consumption Fund imposes a 1.00% exit load and maintains an expense ratio of 1.26. Despite its very high-risk level, the fund has demonstrated strong performance over the past 5 years, achieving a Compound Annual Growth Rate (CAGR) of 15.27%. Additionally, it manages a substantial amount of assets, with Assets Under Management (AUM) totaling ₹ 1,365.69 crore.
In the Sundaram Consumption Fund, 0.82% of its holdings consist of cash & equivalents, while 99.18% are in equity.
SIP Plans For 1000 Per Month – FAQ
Best SIP Plans for 1000 Per Month #1: Mirae Asset Large & Midcap Fund
Best SIP Plans for 1000 Per Month #2: Mirae Asset ELSS Tax Saver Fund
Best SIP Plans for 1000 Per Month #3: Canara Rob Emerg Equities Fund
Best SIP Plans for 1000 Per Month #4: ICICI Pru ELSS Tax Saver Fund
Best SIP Plans for 1000 Per Month #5: UTI Value Fund
These funds are listed based on the Highest AUM.
The Top SIP Plans For 1000 Per Month In India based on 5 year CAGR are Mirae Asset Large & Midcap Fund, Mirae Asset ELSS Tax Saver Fund, Canara Rob Emerg Equities Fund, Aditya Birla SL India GenNext Fund, and LIC MF Large & Midcap Fund.
Yes, you can invest in a Mutual Fund SIP (Systematic Investment Plan). SIPs allow investors to contribute a fixed amount regularly into mutual funds, promoting disciplined investing and the benefits of rupee cost averaging. Many mutual fund companies and online platforms offer SIP facilities for investors to start investing easily.
Investing in Mutual Fund SIPs can be beneficial for various reasons. SIPs offer a disciplined approach to investing, facilitate rupee cost averaging, and allow for regular investments with flexibility. They are suitable for investors seeking long-term wealth accumulation and can help mitigate the impact of market volatility through systematic investment.
To invest ₹1000 per month in SIP plans in India, select a suitable mutual fund scheme, open an account with a mutual fund distributor or directly with the fund house, set up a SIP mandate, and initiate monthly contributions.
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