The biggest advantage of SIP is that you can invest a fixed amount on a monthly basis for a long period of time instead of putting a lot of money in one go.
Mutual Fund SIP: If your income is not high and do not want to invest a lot of lump sum amount, then investing in mutual funds is a better option for you. Apart from lump sum investment in mutual funds, there is also the option of Systematic Investment Plan (SIP). In that too, many mutual fund schemes are offering SIP investment facility to retail investors with a very low amount of Rs 100. But these schemes are not second to anyone in terms of returns. Here we have selected 5 such mutual fund schemes on the basis of their better performance, in which one can invest with a minimum of Rs 100. On the other hand, if you look at the return charts of 5 years, 10 years, 15 years and 20 years, then they have been included in the top scheme.
ICICI Prudential Technology Fund
Minimum SIP: Rs 100
5, 10, 25, 20 year returns: 39%, 26%, 23%, 22%
Value of 1 lakh lumpsum in 20 years: Rs 46 lakh
Value of Rs 5000 SIP in 20 years: Rs 1.56 crore
Total Assets: Rs 8184 crore (February 28, 2022)
Expense Ratio: 1.75% (February 28, 2022)
Nippon India Growth Fund
Minimum SIP: Rs 100
5, 10, 25, 20 year returns: 10%, 17%, 15%, 20%
Value of 1 lakh lumpsum in 20 years: Rs 82 lakh
Value of Rs 5000 SIP in 20 years: Rs 1.25 crore
Total Assets: Rs 11531 crore (February 28, 2022)
Expense Ratio: 1.90% (February 28, 2022)
ABSL Digital India Fund
Minimum SIP: Rs 100
5, 10, 25, 20 year returns: 36%, 25%, 20%, 19%
Value of 1 lakh lumpsum in 20 years: Rs 29 lakh
Value of Rs 5000 SIP in 20 years: Rs 1.05 crore
Total Assets: Rs 3036 crore (February 28, 2022)
Expense Ratio: 2.11% (January 31, 2022)
ICICI Prudential FMCG Fund
Minimum SIP: Rs 100
5, 10, 25, 20 year returns: 12%, 13%, 15%, 19%
Value of 1 lakh lumpsum in 20 years: Rs 36 lakh
Value of Rs 5000 SIP in 20 years: Rs 1 crore
Total Assets: Rs 851 crore (February 28, 2022)
Expense Ratio: 2.69% (February 28, 2022)
Kotak Bluechip Fund
Minimum SIP: Rs 100
5, 10, 25, 20 year returns: 16%, 14%, 13%, 16%
Value of 1 lakh lumpsum in 20 years: Rs 30 lakh
Value of Rs 5000 SIP in 20 years: Rs 75 lakh
Total Assets: Rs 3762 crore (February 28, 2022)
Expense Ratio: 2.08% (February 28, 2022)
(source: value research)
Benefits of SIP
The biggest advantage of SIP is that you can invest a fixed amount on a monthly basis for a long period of time instead of putting a lot of money in one go. At the same time, you also get a chance to assess your investment from time to time. According to the assessment, you can also increase the amount of SIP in that scheme later. If there are bad sentiments in the market and there is a possibility of further fall in returns, then there is also the facility to pause SIP.
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