Best SIP Investments for 2024: A Game-Changer for Your Financial Success

As we approach 2024, investors are keen to identify the best avenues for growing their wealth. Systematic Investment Plans (SIPs) have consistently proven to be an effective strategy for long-term wealth creation. But with many options available, which SIP should you consider this year? In this blog, we’ll delve into the top SIPs to invest in for 2024 and explain why they could be a game-changer for your financial success.

Systematic Investment Plans (SIPs) allow investors to invest a fixed amount regularly in mutual funds. This disciplined approach mitigates the impact of market volatility and benefits from rupee cost averaging. With the power of compounding, SIPs can turn small, consistent investments into substantial wealth over time.

Best SIP Investments for 2024: Fund Categories, Return on Investment, and More

1. Quant Active Fund

Introduction

The Quant Active Fund is an equity mutual fund managed by Quant Mutual Fund. Its primary objective is to achieve long-term capital appreciation by investing in a diversified portfolio of stocks across various market capitalizations.

Fund Category

• Equity Multi Cap Fund: The fund manager has the flexibility to invest across large-cap, mid-cap, and small-cap stocks. This diversification allows the fund to capitalize on opportunities across different segments of the market.

Risk Profile

• The Quant Active Fund carries a moderate to high risk due to its equity exposure. Investors should have a long-term investment horizon and be prepared for market fluctuations.

Key Metrics

• Investment Start: Check with the fund house or your investment platform for the exact minimum investment requirement.
• Annualized Return: Historical return of approximately 36.57% (past performance doesn’t guarantee future returns).
• AUM (Assets Under Management): Around ₹10,758 Crores.
• Expense Ratio: 0.62% (covers management fees and other expenses).
• Age of the Fund: More than 11 years.

2. Quant Large and Mid-Cap Fund

Introduction

• • The Quant Large and Mid Cap Fund aims to provide capital appreciation by investing in a portfolio of both large-cap and mid-cap companies.

Investment Approach:

• • The fund follows a quantitative approach based on valuation, liquidity, and risk appetite.
  • It uses a proprietary VLRT (Valuation, Liquidity, Risk, and Trend) framework and predictive analytics to identify inflection points across different assets and markets.

Portfolio Allocation:

Equity Allocation:

• 89.65% of the fund’s investments are in domestic equities.
• Large Cap Stocks: 44.32%
• Mid Cap Stocks: 25.36%
• Small Cap Stocks: 3.01%

Debt Allocation:

• 6.64% of the fund’s investments are in debt, primarily government securities.

Risk Profile:

• • The Quant Large and Mid Cap Fund carries a very high risk due to its equity exposure.
  • Investors should have a long-term investment horizon and be prepared for market fluctuations.

Investment Start:

• • The minimum investment amount for this fund is ₹5,000.

Annualized Return:

• • Historical annualized return (as of 26th July, 2023): 61.58% (past performance doesn’t guarantee future returns).

Assets Under Management (AUM):

• The Quant Large and Mid Cap Fund manages an AUM of approximately ₹3,290 Crores.

Expense Ratio:

• The expense ratio of the fund is 1.91%, which covers management fees and other operational expenses.

Age of the Fund:

The Quant Large and Mid Cap Fund has been in existence since 9th January 2007.

Suitability:

• Investors seeking high returns over a minimum investment horizon of 3-4 years.
• Be prepared for moderate losses along the way.

3. Quant Focused Fund

Introduction

The Quant Focused Fund is an equity mutual fund managed by Quant Mutual Fund. It aims to provide capital appreciation by investing in a focused portfolio of large-cap (“bluechip”) companies.

Fund Category

• Equity Large Cap Fund: The fund primarily invests in large-cap stocks. These companies are well-established and tend to be more stable during market downturns.

Risk Profile

• The Quant Focused Fund carries a very high risk due to its equity exposure.
• Investors should have a long-term investment horizon and be prepared for market fluctuations.

Key Metrics

• Investment Start: The minimum investment amount for this fund is ₹5,000.
• Annualized Return: Historical annualized return (as of 26th July 2024) is approximately 22.79% over the past 3 years (past performance doesn’t guarantee future returns).
• AUM (Assets Under Management): Around ₹1,059 Crores.
• Expense Ratio: The expense ratio for the direct plan of the Quant Focused Fund is 0.7% .
• Age of the Fund: Several years.

Suitability

• Investors seeking exposure to large-cap companies.
• Conservative equity investors who prefer stability.
• Consider investing through the SIP route for disciplined wealth creation.

4. Kotak Equity Opportunities Fund

Introduction

The Kotak Equity Opportunities Fund is an equity mutual fund managed by Kotak Mahindra Mutual Fund. It aims to generate capital appreciation from a diversified portfolio of equity and equity-related securities.

Fund Category

• Large & Mid Cap Fund: The fund invests in both large-cap and mid-cap stocks. It seeks growth opportunities across market segments.

Risk Profile

• The Kotak Equity Opportunities Fund carries a very high risk due to its equity exposure.
• Investors should have a long-term investment horizon and be prepared for market fluctuations.

Key Metrics

• Investment Start: The minimum investment amount for this fund is ₹5,000.
• Annualized Return: Historical annualized return (as of 26th July 2024) is approximately 43.63% over the past 1 year (past performance doesn’t guarantee future returns).
• AUM (Assets Under Management): Around ₹24,055.26 Crores.
• Expense Ratio: The expense ratio for the regular plan of the Kotak Equity Opportunities Fund is 1.6% (category average: 1.91%).
• Age of the Fund: Several years.

Suitability

• Investors seeking high returns over a minimum investment horizon of 3-4 years.
• Be prepared for moderate losses along the way.

5. Edelweiss Large & Mid Cap Fund

Introduction

The Edelweiss Large & Mid Cap Fund is an equity mutual fund managed by Edelweiss Mutual Fund. It aims to generate income and long-term capital growth from a diversified portfolio of large-cap and mid-cap equity and equity-related securities.

Fund Category

• Large & Mid Cap Fund: The fund invests in both large-cap and mid-cap stocks. It seeks growth opportunities across market segments.

Risk Profile

• The Edelweiss Large & Mid Cap Fund carries a very high risk due to its equity exposure.
• Investors should have a long-term investment horizon and be prepared for market fluctuations.

Key Metrics

• Investment Start: The minimum investment amount for this fund is ₹100.
• Annualized Return: Historical annualized return (as of 26th July 2024) is approximately 20.41% over the past 3 years (past performance doesn’t guarantee future returns).
• AUM (Assets Under Management): Around ₹3,393 Crores.
• Expense Ratio: The expense ratio for the regular plan of the Edelweiss Large & Mid Cap Fund is 1.88% (category average: 1.91%).
• Age of the Fund: Several years.

Suitability

• Investors seeking long-term capital growth.
• Consider investing through the SIP route for disciplined wealth creation.

6. Parag Parikh Flexi Cap Fund 

Introduction

The Parag Parikh Flexi Cap Fund is an equity mutual fund managed by PPFAS Mutual Fund. It aims to generate long-term capital growth from an actively managed portfolio primarily consisting of equity and equity-related securities.

Fund Category

• Flexi Cap Fund: The fund has the flexibility to invest across market capitalizations (large-cap, mid-cap, and small-cap stocks).

Risk Profile

• The Parag Parikh Flexi Cap Fund carries a very high risk due to its equity exposure.
• Investors should have a long-term investment horizon and be prepared for market fluctuations.

Key Metrics

• Investment Start: The minimum investment amount for this fund is ₹100.
• Annualized Return: Historical annualized return (as of 26th July 2024) is approximately 36.63% over the past 1 year (past performance doesn’t guarantee future returns).
• AUM (Assets Under Management): Around ₹71,700 Crores.
• Expense Ratio: The expense ratio for the regular plan of the Parag Parikh Flexi Cap Fund is 1.32% (category average: 1.92%).
• Age of the Fund: Since May 2013

7. Mirae Asset Large & Midcap Fund

Introduction

The Mirae Asset Large & Midcap Fund is an equity mutual fund managed by Mirae Asset Mutual Fund. It aims to generate income and long-term capital growth from a diversified portfolio of large-cap and mid-cap equity and equity-related securities.

Fund Category

• Large & Mid Cap Fund: The fund invests in both large-cap and mid-cap stocks. It seeks growth opportunities across market segments.

Risk Profile

• The Mirae Asset Large & Midcap Fund carries a very high risk due to its equity exposure.
• Investors should have a long-term investment horizon and be prepared for market fluctuations.

Key Metrics

• Investment Start: The minimum investment amount for this fund is ₹100.
• Annualized Return: Historical annualized return (as of 26th July 2024) is approximately 18.57% over the past 3 years (past performance doesn’t guarantee future returns).
• AUM (Assets Under Management): Around ₹37,846 Crores.
• Expense Ratio: The expense ratio for the regular plan of the Mirae Asset Large & Midcap Fund is 0.35% .
• Age of the Fund: Several years.

8. Canara Robeco Emerging Equities Fund 

Introduction

The Canara Robeco Emerging Equities Fund is an equity mutual fund managed by Canara Robeco Mutual Fund. It aims to generate long-term capital growth from a diversified portfolio of large-cap and mid-cap equity and equity-related securities.

Fund Category

• Large & Mid Cap Fund: The fund invests in both large-cap and mid-cap stocks. It seeks growth opportunities across market segments.

Risk Profile

• The Canara Robeco Emerging Equities Fund carries a very high risk due to its equity exposure.
• Investors should have a long-term investment horizon and be prepared for market fluctuations.

Key Metrics

• Investment Start: The minimum investment amount for this fund is ₹100.
• Annualized Return: Historical annualized return (as of 26th July 2024) is approximately 18.57% over the past 3 years (past performance doesn’t guarantee future returns).
• AUM (Assets Under Management): Around ₹37,846 Crores.
• Expense Ratio: The expense ratio for the regular plan of the Canara Robeco Emerging Equities Fund is 0.35% .
• Age of the Fund: Several years.

Disclaimer:

“The information provided in this blog about the Best SIPs to Invest in 2024 is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on your own research and financial situation. We recommend consulting with a financial advisor before making any investment decisions. While we strive to provide accurate and up-to-date information, the performance and suitability of SIPs can vary, and past performance is not indicative of future results. We are not responsible for any investment outcomes or losses resulting from the use of this information.”