Best SIP Plans For INR 1000 Per Month in 2024

As the landscape of finance continues to take shape and evolve, the importance of disciplined and future-oriented investing becomes increasingly clear.

Systematic Investment Plans (SIPs) offer a convenient path for investors to begin and participate in their wealth-creation journey. With an investment of ₹1,000 per month, individuals can harness market dynamics to build a substantial portfolio over time.

SIPs instill a sense of financial discipline and help safeguard against market volatility by averaging the cost of acquisition. SIPs cater to both experienced and novice investors, providing a gradual and effective strategy for achieving financial goals.

In this article, we will discuss the best SIP plans for investments of ₹1,000 per month so that every rupee invested is put towards a financially robust future.

Best SIP Plans for 1000 Per Month in India

1. Quant Active Fund

It’s an equity-oriented scheme by Quant Mutual Fund, initiated on 01-Jan-2013. This scheme primarily targets capital growth, providing long-term growth chances by investing in a varied range of companies spanning Large Cap, Mid Cap, and Small Cap segments. Here are the key highlights:

• AUM: 4,337 Cr
• Expense Ratio: 0.58%
• Category of Fund: Multi Cap
• Risk: Very high

2. Quant Large and Mid Cap Fund Direct-Growth

Quant Large and Mid Cap Fund is a scheme presented by Quant Mutual Fund, which started on January 1, 2013. It operates as an open-ended scheme, with the main objectives of achieving capital appreciation and prospects for long-term growth.

This is carried out through strategic portfolio investments consisting of large-cap and mid-cap companies. These are some essential details:

AUM: ₹1,127 Crores

Expense Ratio: 2.15% (as of Oct 31, 2023)

Category of Fund: Equity, Large and Mid-Cap

Risk: Very High

3. Parag Parikh Flexi Cap Fund Direct-Growth

Parag Parikh Flexi Cap Fund, by PPFAS Mutual Fund, was introduced on May 28, 2013. It operates as an open-ended dynamic equity scheme, strategically investing in stocks of large, mid, and small-cap segments. This plan is designed to foster long-term capital growth through a portfolio comprising equity and its related securities. These are some essential details:

AUM: ₹44,038 Crores

Expense Ratio: 0.65% (as of Oct 31, 2023)

Category of Fund: Equity, Flexi Cap

Risk: Very High

4. Quant Tax Plan Direct-Growth Fund

Quant Tax Plan Fund is an equity ELSS mutual fund scheme from Quant Mutual Fund, launched on January 1, 2013. The fund has most of its money invested in the Energy, Financial, Healthcare, Metals & Mining, and Construction sectors. The scheme’s ability to deliver returns is consistent with most funds of its category. These are some essential details:

AUM: ₹4,957 Crores

Expense Ratio: 0.76% (as of Oct 31, 2023)

Category of Fund: Equity, ELSS

Risk: Very High

5. Mirae Asset Emerging Bluechip Fund Direct-Growth

The Mirae Asset Emerging Bluechip Fund, an equity scheme presented by Mirae Asset Mutual Fund, was launched on January 1, 2013. This scheme predominantly invests in Indian equities and equity-related securities, with an emphasis on large-cap and mid-cap companies. These are some essential details:

AUM: ₹28,104 Crores

Expense Ratio: 0.64% (as of Oct 31, 2023)

Category of Fund: Equity, Large and Mid-Cap

Risk: Very High

6. Edelweiss Large & Mid Cap Direct Plan-Growth

Edelweiss Large & Mid Cap Fund, provided by Edelweiss Mutual Fund, operates as an open-ended equity scheme, introduced on January 1, 2013. It strategically allocates investments between large-cap and mid-cap stocks.

The primary goal of the fund is to generate long-term capital growth by investing in a portfolio of stocks and securities related to stocks. These are some essential details:

AUM: ₹2,221 Crores

Expense Ratio: 0.47% (as of Oct 31, 2023)

Category of Fund: Equity, Large and Mid-Cap

Risk: Very High

7. Axis Bluechip Fund Direct Plan-Growth

Axis Bluechip Fund is a Large-cap mutual fund scheme from Axis Mutual Fund, launched on January 1, 2013. It is a medium-sized fund, and most of its money is invested in the Financial, Automobile, Services, Technology, and Construction sectors. These are some essential details:

AUM: ₹30,734 Crores

Expense Ratio: 0.63% (as of Oct 31, 2023)

Category of Fund: Equity, Large Cap

Risk: Very High

8. Sundaram Focused Fund

This open-ended mutual fund, offered by Sundaram Mutual Fund, commenced on 01-Jan-2013. As a focused fund, it selectively invests in a limited number of chosen stocks. The primary goal is to achieve capital appreciation by strategically investing in a focused portfolio of equity and equity-related instruments. Here are some essential details:

• AUM: 836 Cr
• Expense Ratio: 1.32%
• Category of Fund: Flexi Cap
• Risk: Very high

9. Kotak Equity Opportunities Fund Direct-Growth

Kotak Equity Opportunities Fund is a Large and Mid-cap mutual fund plan launched on January 1, 2013 by Kotak Mahindra Mutual Fund. It is a medium-sized fund for its category, and has most of its money invested in the Financial, Automobile, Capital Goods, Chemicals, and Consumer Staples sectors. These are some essential details:

AUM: ₹15,261 Crores

Expense Ratio: 0.53% (as of Oct 31, 2023)

Category of Fund: Equity, Large and Mid-Cap

Risk: Very High

10. PGIM India Flexi Cap Fund

The PGIM India Flexi Cap Fund, part of PGIM India Mutual Fund, is an equity-oriented scheme. Launched on 04-Mar-2015, it’s an open-ended dynamic scheme that spans Large Cap, Medium Cap, and Small Cap investments. The primary goal is to generate income and capital growth, achieved by actively managing a diversified portfolio of equity and equity-related instruments, which includes derivatives. Here are the key particulars:

• AUM:  5716 Cr
• Expense Ratio: 0.41%
• Category of Fund: Flexi Cap
• Risk: Very High

Conclusion

Navigating the landscape of SIP plans for a ₹1,000 monthly investment requires careful consideration of various factors. The highlighted SIP plans provide investors with choices that align with particular financial goals.

The systematic nature of SIPs provides informed investors with a path to achieving their long-term financial objectives. It is imperative for investors to thoroughly research and consider professional advice to adjust investments for sustained growth.