The Top 10 SIP Plans for $1,000 Monthly in 2024

The Top 10 SIP Plans for $1,000 Monthly in 2024


Would you want to invest Rs. 1000 a month and get a substantial return in as little as 5 or 10 years? Given that we have highlighted the Best SIP Plans for 1000 Per Month in India, this post will assist you in improving both your financial status and portfolio.


In our capacity as mutual fund experts, we evaluate a fund's returns, risk tolerance, historical performance, and other attributes that help determine which mutual fund is the best choice for investing. 


This blog will assist you in selecting the ideal SIP plan and investment fund. 


Any investor looking to invest 1000 rupees a month should look for a SIP plan that enables them to invest diversified, accept risk, and provide strong returns. 


You may begin SIPs with as little as ₹500 or ₹1000 at several asset management firms (AMCs). People may invest in the market and eventually accumulate a greater corpus thanks to this cheap entry point. This post will teach you how to invest in SIPs for as little as Rs. 1,000 a month and get decent returns based on your risk tolerance and financial goals.


SIP: What is it?


An investing approach called a Systematic investing Plan (SIP) enables people to make regular, fixed contributions to mutual funds at predetermined periods. This approach encourages thrifty spending and, by making steady investments across all market circumstances, helps accumulate money over time. Investors that make fixed amount investments on a regular basis benefit from compounding as gains are reinvested and rupee cost averaging, which averages down the cost of buying mutual fund units over time. Because SIPs are automated, there is less need to timing the market, which lowers the risk associated with investing and makes the process more comfortable.


Which SIP plans are the best ones for Rs. 1000 a month?


1. Quant Active Fund: Provided by Quant Mutual Fund, Quant Active Fund is an equity-oriented strategy. The release date was January 1, 2013. The scheme's main goal is to offer long-term boom possibilities and achieve capital appreciation by investing in a wide portfolio of companies throughout the large-cap, mid-cap, and small-cap categories. The salient details are as follows: 


AUM: $4,337 billion

Ratio of Expenses: 0.58%

Fund Category: Multi-Cap Fund

Extremely high risk

Anikt Pande, Vasav Sahgal, and Sanjeev Sharma are the fund managers.


2. Flexi Cap Fund for Parag Parikh

Through PPFAS Mutual Fund, the equity-oriented plan is available as the Parag Parikh Flexi Cap Fund. The debut date was May 28, 2013. This dynamic equity plan is open-ended and invests in equities from large, mid, and small-cap categories. The overall goal of this plan is to create long-term capital growth via an actively managed portfolio of assets linked to equity and justice. About 18% of its exposure is to international equities, including Meta Platforms, Amazon, Alphabet Inc., Microsoft Corp., and Amazon.


AUM: 35,965 Crores

Ratio of Expenses: 0.72%

Fund Category: Flexi Cap

Extremely High Fund Risk Managers: Raj Mehta, Rukun Tarachandani, Rajeev Thakkar, and Raunak Onkar


3. Flexi Cap Fund from PGIM India

Another equity-oriented plan offered via PGIM India Mutual Fund is the PGIM India Flexi Cap Fund. The release date was March 4, 2015. This is an open-ended mutual fund plan that makes investments in small, medium, and large cap stocks. These are the important details: 


AUM: 5716 billion dollars

Ratio of Expenses: 0.41%

Fund Category: Fund Flexi Cap Risk: Extremely High Managers: Ojasvi Khicha, Puneet Pal, Vinay Paharia, and A. Anandha Padmanabhan


4. Bluechip Emerging Mirae Asset Fund 

A fairness plan offered by Mirae Asset Mutual Fund is the Mirae Asset Emerging Bluechip Fund. It was first made available for purchase on January 1st, 2013. The program invests regularly in Indian stocks and equity-related securities of large-cap and mid-cap enterprises with the aim of generating profits and capital appreciation. The salient points are as follows: 


AUM: $25,332 billion

Ratio of Expenses: 0.67%

Fund Category: Large & MidCap

Extremely high risk

Money Managers: Ankit Jain and Neelesh Surana


5. Quantum Mid-Cap and Large Fund 

Released on January 1, 2013, Quant Large and Mid Cap Fund is another scheme from fund firm Quant Mutual Fund. Additionally, it is an open-ended plan that invests in a portfolio made up entirely of large-cap and cap companies with the goal of generating capital appreciation and providing prospects for long-term growth. The salient details are as follows: 


AUM: $828 billion

Ratio of Expenses: 0.56%

Fund Category: Large; Risk: Extremely high

Money Managers: Sanjeev Sharma, Vasav Sahgal, and Anikt Pande


6. The Fund for Kotak Equity Opportunities

Kotak Mahindra Mutual Fund is the mutual fund scheme that offers Kotak Equity Opportunities Fund Direct-Growth. It was relaunched on January 1, 2013, and its primary focus is investing in large-cap and mid-cap firms. This scheme invests in a wide portfolio of equities and equity-related assets with the goal of generating capital appreciation. The salient details are as follows:


13,128 Cr in AUM

Ratio of Expenses: 0.49%

Fund Category: Large & MidCap

Extremely high risk

Money Manager: Upadhyaya Harsha


7. The Large & Mid Cap Fund of Edelweiss 

Edelweiss Mutual Fund offers an open-ended equity program called the Edelweiss Large & Mid Cap Fund. It was introduced on January 1st, 2013 and is classified as a big and mid-cap fund, meaning that it makes investments in a mix of mid-cap and large-cap equities. The salient features are as follows: 


AUM: $1,937 billion

Ratio of Expenses: 0.53%

Fund Category: Large & MidCap

Extremely high risk

Money Managers: Trideep Bhattacharya and Abhishek Gupta


8. Quant-focused fund 

Launched on August 25, 2008, Quant Mutual Fund offers an open-ended mutual fund scheme called the Quant Focused Fund. Being a focused fund, it invests in a small number of carefully chosen companies and accepts concentrated bets. The salient features are as follows: 


AUM: $266.74 billion

Ratio of Expenses: 0.57%

Fund Type: Large Cap

Extremely high risk

Anikt Pande, Vasav Sahgal, and Sanjeev Sharma are the fund managers.


9. Fund with a Sundaram Focus

Launched on January 1, 2013, Sundaram Mutual Fund offers an open-ended mutual fund scheme called the Sundaram Focused Fund. It is classified as a concentrated fund, which implies that it focuses its assets on a small number of companies that have been carefully chosen. Here are some essential specifics: 


AUM: 836 billion dollars

Ratio of Expenses: 1.32%

Fund Type: Flexi Cap; Extremely High Risk

Money Managers: Ravi Gopalakrishnan and Sudhir Kedia


10. Emerging Equities Fund Canara Robeco

Launched on January 02, 2013, the Canara Robeco Mutual Fund offers an open-ended mutual fund scheme called the Canara Robeco Emerging Equities Fund. It is classified as an emerging equities fund, which implies that its primary investment focus is on stock and equity-related instruments of firms with significant growth potential. Here are some essential specifics: 


AUM: 16,791 billion dollars

Ratio of Expenses: 0.56%

Fund Category: Large & MidCap

Extremely high risk Fund Supervisor: Bhandwalda Shridatta


FAQs:


1. First off, what is SIP?


The acronym SIP stands for Systematic Investment Plan. It's a way to consistently invest a certain amount of money in a mutual fund plan. This strategy enables investors to acquire fund units gradually, which may help average out unit acquisition costs and lessen the effects of market volatility. SIPs are a well-liked investment choice because of their ease of use, long-term wealth growth potential, and disciplined investing methodology.


2. For $1,000 a month, which SIP is the best choice?


The ideal fund for a SIP plan costing $1,000 per month is the Parag Parikh Flexi cap fund. 


3. Which SIP yields the most profit?


The fund with the best return on SIP is Quant Flexi Cap. 


4. In India, how may I invest a thousand rupees a month?


In India, you may make monthly investments of one thousand rupees by recurring bank deposits or systematic investment plans (SIPs) in mutual funds.


5. Where should I put my one thousand rupees?


If you want to create wealth over the long term, think about investing your 1000 rupees via a systematic investment plan (SIP) in a cheap, diversified mutual fund.With this strategy, you may gradually accumulate money via consistent investing. One of the greatest applications for SIP investing is ZFunds, which provides a special daily SIP option for optimal convenience and flexibility. With ZFunds, you may begin investing immediately and see your money increase consistently.

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