Which SIP is best for retirement?

Best Mutual Funds from Different MF Categories That Can Serve Your Long Term Retirement Goal

Mutual fund AUM SIP investment return 1 year
HDFC Retirement Savings Fund Rs. 1433 crore 66.00%
ICICI Prudential Balanced Advantage Rs. 30900 crore 14.87%
SBI small cap Rs. 7919 crore 42.00%
Parag Parikh Flexi Cap Fund Rs. 9179 crore 27.39%

>> Click to

Furthermore, is SIP good for retirement?

Mutual fund SIP can be useful in creating retirement fund for those who start investing in the early phase of one’s career. But, it is useful for those also who are late in investing.

Hereof, which are the best SIP plans in India? Top SIP Mutual Funds in India
SIP Plans Type 3 Year
ICICI Prudential Value Discovery Equity Fund 7.34%
Kotak Standard Multicap Fund Equity Fund -1.28%
L&T India Prudence Fund Balanced Fund 10.03%
L&T low Duration Fund Debt Fund 6.12%

Thereof, how much should I invest in SIP for retirement?

As per mutual fund SIP calculator, if a person starts SIP at the age of 25 assuming 12 per cent annual return and ?10 crore investment goal in focus when he or she turns 50, then the monthly investment will be around ?26,000 if the annual step-up rate will be 10 per cent.

Which is good mutual fund or SIP?

The table below shows the best equity funds:

Mutual fund 5 Yr. Returns 3 Yr. Returns
ICICI Prudential Technology Fund 28.11% 34.06%
Aditya Birla Sun Life Digital India Fund – Growth-Direct Plan 28.78% 33.78%
Mirae Asset Healthcare Fund Regular Growth 32.92%
Aditya Birla Sun Life Digital India Fund Growth 27.58% 32.44%

Which is the best SIP to invest in 2021?

Best SIP Plans for the Year 2021

Fund Name Monthly Investment 1 Year Returns
ICICI Prudential Bluechip Fund 5000 12.02%
Kotak Standard Multicap Fund 5000 18.19%
Motilal Oswal Focused 25 Fund 5000 26.57%
Nippon India large Cap Fund 5000 11.07%

Is NPS better than SIP?

Both NPS and SIP investments are eligible for tax deductions under Section 80C of the IT Act, 1961. … NPS can be the best bet for individuals who wish to plan a stress-free retirement life. ELSS, on the other hand, is more suitable for individuals who are looking to save funds for their short-term financial goals.

Is SIP interest taxable?

If the long-term capital gains are less than Rs 1 lakh, then you don’t have to pay any tax. However, you make short-term capital gains on the units purchased through the SIPs from the second month onwards. These gains are taxed at a flat rate of 15% irrespective of your income tax slab.

Which SIP is best for 30 years?

Large-Cap Schemes

Scheme Name 5-Year Monthly SIP 10-Year Monthly SIP
ICICI Pru Top 100 Fund (G) Rs.9,41,591 Rs.27,57,958
Quantum LT Equity Fund (G) – Direct Plan Rs.9,15,695 Rs.28,82,955
Reliance Growth Fund (G) Rs.10,75,057 Rs.30,73,348
SBI BlueChip Fund – Reg (G) Rs.9,55,955 Rs.28,57,343

Which SIP is best for 5 years?

Best SIP Plans for 5 Years in Equity Funds

  • Axis Bluechip Fund Monthly SIP Plan. This is an open-ended equity scheme with a track record of outperformance. …
  • ICICI Prudential Blue chip Fund. …
  • SBI Blue chip Fund. …
  • Mirae Asset Large Cap Fund. …
  • SBI Multicap Fund.

Which SIP is best for 1 year?

Top 10 Best SIP plans for 1 year-

Investment Returns in 3 Months Returns in 1 Year
ICICI Prudential Ultra Short Term Fund 1.2% 7.7%
India Bulls Ultra Short Term Fund 1.2% 6.8%
Kotak Savings Fund 1.1% 6.9%
BOI AXA Ultra Short Duration Fund 1% 6.7%

Are SIP risk free?

SIP Is Not Risk Free

But they do not eliminate risk completely. In a falling market, your mutual fund investments are bound to go down. However, investments done through SIP compared to lump sum investments will reduce your losses. … The returns are determined by the underlying fund.

Leave a Reply