Exploring The Best SIP Plans to Invest for 3 Years in 2024

best sip for 3 years

SIPs, or Systematic Investment Plans, offer a disciplined approach to mutual fund investing, allowing fixed contributions at regular intervals. SIPs have gained traction owing to their cost-effectiveness, impressive returns, and adaptable investment durations, aiding in systematic corpus growth and efficient financial risk management.

Amidst the numerous mutual fund options, the quest for the best SIP plan for 3 years might seem daunting. To streamline this process, we’ve curated a list spotlighting the best SIP plans to invest for 3 years in India in 2023 that prioritize past performance, managerial expertise, and portfolio diversification.

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Considering the best SIP plans might be the ticket to nurturing long-term wealth. For those seeking to invest over a 3-year horizon, understanding which SIP is best for 3 years across equity and debt funds becomes essential.

Let’s delve into some top-performing funds that have demonstrated consistency and growth over the past three years.

Best SIP Plans For 3 Years In Equity Funds

Name of the Fund3-Year SIP Returns (%)
Quant Small Cap Fund Direct Plan-Growth67.91%
 Tata Digital India Fund Direct-Growth 37.81%
ICICI Prudential Technology Direct Plan-Growth51.73%
SBI Technology Opportunities Fund Direct-Growth36.75%
Aditya Birla Sun Life Digital India Fund Direct-Growth40.10%

Source

Best SIP Plans To Invest For 3 Years In Debt Funds

Name of the Fund3-Year SIP Returns (%)
DSP Government Securities Direct Plan-Growth5.88%
Aditya Birla Sun Life Medium Term Direct Plan-Growth14.17%
 Bandhan Government Securities Investment Plan Direct-Growth   5.69%
 ICICI Prudential Constant Maturity Gilt Fund Direct-Growth   5.17%
ICICI Prudential Gilt Fund Direct Plan-Growth6.70%

Source

12% Return

An Overview of The Top SIP Plans in Equity Funds

1. Quant Small Cap Fund

The Quant Small Cap Fund stands tall with a current Net Asset Value (NAV) of Rs 189.54 for the Growth option in its Regular plan as of November 17, 2023. This fund shines in the returns department, boasting a striking 44.82% over 3 years since its launch.

Currently, the fund manages assets worth Rs 9520.77 crore as of October 31, 2023. With its track record of robust returns and significant fund size, the Quant Small Cap Fund offers an intriguing opportunity for investors seeking potential growth in the small-cap segment.

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2. Tata Digital India Fund Direct-Growth

Since its launch in December 2015, the Tata Digital India Fund Direct-Growth has provided investors with an average yearly return of 20.25%. Under the Tata Mutual Fund’s Sectoral-Technology strategy, this fund oversees assets worth ₹7,904 crores.

Its expense ratio, at 0.35%, is notably lower than comparable Sectoral-Technology funds. As of November 16, 2023, the Net Asset Value (NAV) is ₹42.83, and a minimum investment of Rs 150 is required for SIP.

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3. The ICICI Prudential Technology Direct Plan-Growth

The ICICI Prudential Technology Direct Plan-Growth has successfully managed an AUM of ₹10,868.01 Cr as of November 18, 2023. Since its inception on January 1, 2013, the fund has exhibited an average annual return of 12.61%.

With an expense ratio of 0.89% for the Direct plan as of November 03, 2023, this fund showcases a balanced performance while managing expenses effectively for investors.

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4. The DSP Government Securities Direct Plan-Growth

The DSP Government Securities Direct Plan-Growth, a Gilt mutual fund scheme by DSP Mutual Fund, boasts a NAV of ₹87.6629 as of November 18, 2023, managing an AUM of ₹694 Cr as of October 31, 2023.

This 10-year and 10-month-old fund has garnered returns of 8.08% since its inception, emphasizing its stability and consistent performance in the government securities domain.

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5. Aditya Birla Sun Life Medium Term Direct Plan-Growth 

The Aditya Birla Sun Life Medium Term Plan – Direct Plan, standing at a NAV of ₹35.8831 as of November 18, 2023, has managed an AUM of ₹1,892 Cr as of October 31, 2023.

This 10-year and 10-month-old fund has delivered a commendable return of 9.43% since its inception, highlighting its reliability and steady performance.

With a minimum SIP investment of Rs. 1,000 and an expense ratio of 0.85%, this fund presents a viable option for those seeking consistent returns in the medium-term investment landscape.

The Bottom Line

This investment avenue effectively aligns with 3-year financial goals, ensuring a feasible path to accomplish desired objectives without protracted waiting periods.

The perks of investing in the best SIP plans for 3 years encompass lowered risk via diversification, the potential for superior returns compared to traditional avenues, and the convenience of online investment platforms.

The above SIP plans offer a glimpse into the diversified options available across equity and debt funds for a 3-year investment horizon. Conducting thorough research and seeking professional advice can guide you in making informed investment choices tailored to your financial aspirations.

LenDenClub is India’s largest alternate investment platform which started operations in India in 2015. We have been helping investors diversify their investments beyond traditional investment instruments ever since.


LenDenClub is India’s largest alternate investment platform which started operations in India in 2015. We have been helping lenders diversify their investments beyond traditional investment instruments ever since.

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