SIPs or systematic investment plans are one of the easiest and the most accessible ways to invest in a compatible mutual fund scheme. It is a method to invest a predefined sum at regular intervals, be it on a daily, weekly, monthly, or quarterly basis. This approach is perfect if you are looking to avoid large lump sum investments and benefit from the principle of rupee cost averaging and the inherent power of compounding.

Here are a few of the most promising mutual fund schemes that you can choose to invest in via an SIP for generating maximum returns in 2024:

Quant Large and Mid Cap Fund

The Quant Large and Mid Cap Fund has a current net asset value of Rs. 141.39 and is a strong contender in the mutual fund space. It also boasts a high annual return rate of 21.42% since its inception in 2013. Moreover, this fund has an expense ratio of 0.61% and assets under management worth around Rs. 3,707 crores. The minimum SIP investment for this fund is set at Rs. 1,000 and comes with no specified lock in period. It focuses on sectors such as consumer staples, healthcare, and automobiles.

Kotak Equity Opportunities Fund

The Kotak Equity Opportunities Fund currently has a net asset value or NAV of Rs. 403.31 and has built a solid reputation for strong returns. Since its inception in 2013, it has delivered an annualised return of 19.24%, with a remarkable 46.34% return over the past year. The fund focuses on sectors such as financial services, energy, and healthcare. Moreover, this fund comes with a return to risk ratio that offers 20% more returns for each unit of risk. With a low minimum SIP investment of just Rs. 500, it is an excellent choice for long term investors.

DSP Flexi Cap Fund

The DSP Flexi Cap Fund ensures flexibility as it invests across several asset classes such as large, mid, and small cap stocks. With a 17.35% annualised return since it was launched, it has solid growth potential for the near future. The fund’s portfolio mainly focuses on financial services, technology, capital goods, automobiles, and healthcare. It has a minimum SIP investment amount of Rs. 500 and comes with no lock in period. Despite lower risk protection in volatile markets, it has doubled investments every three years.

Edelweiss Large and Mid Cap Fund

The Edelweiss Large and Mid Cap Fund has delivered strong returns with an 18.53% annual return since inception and 49.45% in the past year. It primarily invests in the stocks of large cap and mid cap companies in sectors such as finance, technology, capital goods, and healthcare. However, this fund also carries higher risks that make it suitable for you if you want high returns and are willing to endure short term market volatility. Its strong five year performance makes it quite appealing for investors with a high risk tolerance.

Mirae Asset Large and Mid Cap Fund

Mirae Asset Large and Mid Cap Fund has provided its investors with 23.93% annual return since inception and 39.54% in the past year. It primarily invests in the stocks of several large and mid cap companies in sectors such as financial services, healthcare, and automobiles. Moreover, this fund has a Rs. 1,000 minimum SIP investment and an accessible option for long term investors who seek high growth. However, the fund comes with higher risk, especially during market downturns.

• Investors can choose from various mutual fund categories, including large cap, mid cap, and flexi cap funds that cater to a variety of financial goals and risk appetites.
• Many such funds have shown great performance with several delivering annual returns that exceed 20% since their inception.
• Most of these funds offer a low entry point for investors, with minimum SIP amounts starting at Rs. 500 only.

The below table compares the key attributes of the top performing mutual funds that allow SIP investments:

SIPs are one of the most popular investment methods in use today. In this regard, the aforementioned funds have demonstrated strong performance over the years. This makes them excellent choices for investors looking to begin an SIP in mutual funds this year. However, remember to always consider your financial objectives, time horizon, and risk tolerance before making any investment decisions.

Planning on investing in mutual funds? visit the easy to use Bajaj Finserv mutual fund platform and explore over 1,000 mutual fund schemes. Use the Mutual Fund Calculator and do not forget to compare mutual funds before investing.