Top 10 Mutual Funds for SIP to Invest in 2024: In modern Times People are interested in Investment. In their investments, many options are available in the market but Currently, people are taking an interest in investment in Share Market. Most people invest their Savings in the Share market and Get a Good Return on their investment.
The share market is where Several Company introduces their Company Share Stocks in front of people and collect funds for developing their Company infrastructure.
Getting a Good Return On Investment The Share market offers many policies like Mutual Funds, Future options SIP Funds, Lumpsun Funds Etc.
If You are planning Long-term investment in mutual Funds like SIP then our Article Will help you to find a Good Company for Investment.
In this article, we will be covering the Top 10 Mutual Funds for SIP to Invest in 2024 and its Related Important Facts. Let’s Delve into the Article and Learn More about it.
What are Mutual Funds?
A Mutual Fund is a Company that collects funds From investors and, after Collecting Funds Makes its own Mutual Fund Portfolio. By using this Portfolio it Invests in Share Market in stocks, bonds, and short-term debt.
After Getting Good Revenue from its Investment, it also gives Good profit for its Investor Holders.
What are the Benefits of Investing in SIP Mutual Funds?
Mutual Funds are Good For Investment. In Mutual Funds, many Categories Come Which are SIP Funds, Lumpsum Funds, ELSS Funds, and many more.
If you are planning to invest in a Mutual Fund then it Becomes Tax Saving Funds.
If you are an Investment in an ELSS Mutual Fund then You Can Save tax on the amount of Rs 150000. This means that You Cannot pay any tax of this Amount if you Invest in ELSS Mutual Funds. It has long-term plans for Investors and gives good returns for its Holders.
If you are planning to invest but you Not have Enough Amount to invest then You Can Choose the SIP option for investment. In this Option, you Can start your SIP with a Minimum Amount of Rs 100. On this investment, You can get a Return.
If You can Plan For Long Term SIP then You can Get a Good Return on your investment Amount.
In SIP You can Choose a One-Time Investment. Apart From this, you Can Choose Monthly installments and Weekly installments as you Wish.
Top 10 Mutual Funds for SIP to Invest in 2024
In Top 10 Mutual Funds for SIP to Invest in 2024 we Shortlist those Categories That Gives High Returns for their Stockholders and have Good Market Capitalization.
UTI Nifty 50 Index Fund Direct-Growth
In the Categories of Top 10 Mutual Funds for SIP to Invest in 2024 UTI Nifty 50 Index Fund Direct-Growth Comes First.
The Total Fund Size of UTI Nifty 50 Index Fund Direct-Growth is Rs 15649 Crore. Which makes it the Biggest Fund Size in Mutual Funds.
If you planning For SIP on these Funds then The minimum Amount for investment in SIP is Rs 500 per month.
If we talk about the Equity Sector So it holds 100% of the Equity Sector Allocation.
Top Holdings Companies
UTI Nifty 50 Index Fund Direct-Growth Mutual Funds are Holding by 51 Companies. Which top Companies are :
- HDFC Bank Ltd. (10.98%)
- Reliance Industries Ltd. (10.29%)
- ICICI Bank Ltd. (7.68%)
- Infosys Ltd. (6.22%)
- Tata Consultancy Services Ltd. (4.32%)
- Larsen & Toubro Ltd. (4.28%)
Annualized Returns on SIP
| Year | Funds Returns | Category Average |
| 1-Year | 29.4% | 42.0% |
| 3-Year | 16.5% | 18.5% |
| 5-Year | 15.1% | 15.7% |
| All Time | 13.4% | – |
Equity sector allocation
| Sector | Percentage |
| Financial Sector | 31.1% |
| Others Sector | 16.6% |
| Energy Sector | 16.0% |
| Technology Sector | 14.5% |
| Consumer Staples | 8.3% |
| Automoblie Sector | 7.2% |
| Construction Sector | 6.3% |
| website Link | Groww. in |
HDFC NIFTY Next 50 Index Fund Direct-Growth
In the Categories of Top 10 Mutual Funds for SIP to Invest in 2024 HDFC NIFTY Next 50 Index Fund Direct-Growth Comes Second.
If you are planning to invest in SIP in large-cap companies in this Condition HDFC NIFTY Next 50 Index Fund Direct-Growth is Good For You.
The Total Fund Size of HDFC NIFTY Next 50 Index Fund Direct-Growth is Rs 502 Crore.
If you planning For SIP on these Funds then The minimum Amount for investment in SIP is Rs 100 per month.
If we talk about the Equity Sector So it holds 100% of the Equity Sector Allocation.
Other Important Terms Analysis:
- P/E Ratio: 27.41
- P/B Ratio: 4.90
- Alpha: NA
- Beta: NA
Top Holdings Companies
HDFC NIFTY Next 50 Index Fund Direct-Growth Mutual Funds are Held by 50 Companies. Which top Companies are :
- Trent Ltd. (4.82%)
- Bharat Electronic Ltd. (4.14%)
- Shriram Finance Ltd. (3.82%)
- Tata Power Company Ltd. (3.55%)
- Indian Oil Corporation Ltd. (3.43%)
- DLF Ltd. (3.27%)
- Hindustan Aeronautics Ltd. (3.26%)
- TVS Motors Company Ltd. (2.81%)
Annualized Returns on SIP
| Monthly | Funds Returns | Category Average |
| 3-Month | 13.7% | – |
| 6-Month | 34.8% | – |
| 1-Year | 60.6% | 42.0% |
| All Time | 42.5% | – |
Equity sector allocation
| Sector | Percentage |
| Financial Sector | 16.2% |
| Others Sector | 17.5% |
| Energy Sector | 11.2% |
| Service Sector | 14.7% |
| Consumer Staples | 11.8% |
| Automoblie Sector | 5.8% |
| Capital Goods | 15.2% |
| Construction Sector | 7.7% |
| Website Link | Groww. in |
SBI PSU Direct Plan-Growth
In the Categories of Top 10 Mutual Funds for SIP to Invest in 2024 SBI PSU Direct Plan-Growth comes Third position.
The Total Fund Size of SBI PSU Direct Plan-Growth is Rs 1762.63 Crore.
If you planning For SIP on these Funds then The minimum Amount for investment in SIP is Rs 500 per month.
If we talk about the Equity Sector So it holds 93.3%% of the Equity Sector Allocation And 6.7% of Cash Flow.
Other Important Terms Analysis:
- P/E Ratio: 12.84
- P/B Ratio: 1.98
- Alpha: -1.93
- Beta: 0.95
Top Holdings Companies
SBI PSU Direct Plan-Growth Mutual Funds are Held by 24 Companies. Which top Companies are :
- State Bank of India (9.67%)
- NTPC Ltd. (8.27%)
- Power Grid Corporation Of India Ltd. (7.28%)
- Oil & Natural Gas Corporation Ltd. (5.19%)
- Housing & Urban Development Corporation Ltd. (4.72%)
- Rites Ltd. (4.12%)
- Indian Oil Corporation Ltd. (4.02%)
- Bharat Heavy Electricals Ltd. (3.87%)
- NHPC Ltd. (3.80%)
Annualized Returns on SIP
| Year | Funds Returns | Category Average |
| 1-Year | 98.7% | 95.9% |
| 3-Year | 42.7% | 44.2% |
| 5-Year | 24.5% | 25.2% |
| All Time | 12.6% | – |
Equity sector allocation
| Sector | Percentage |
| Financial Sector | 36.8% |
| Others Sector | 7.2% |
| Energy Sector | 33.9% |
| Metals & Mining Sector | 13.1% |
| Capital Goods Sector | 8.9% |
| Automoblie Sector | – |
| Construction Sector | – |
| Website Link | Groww. in |
ICICI Prudential Nifty Next 50 Index Direct Plan-Growth
In the Categories of Top 10 Mutual Funds for SIP to Invest in 2024 ICICI Prudential Nifty Next 50 Index Direct Plan-Growth comes Fourth Position.
The Total Fund Size of ICICI Prudential Nifty Next 50 Index Direct Plan-Growth is Rs 4208.50 Crore.
If you planning For SIP on these Funds then The minimum Amount for investment in SIP is Rs 100 per month.
If we talk about the Equity Sector So it holds 100.3%% of the Equity Sector Allocation And -0.3% of Cash Flow.
Other Important Terms Analysis:
- P/E Ratio: 27.41
- P/B Ratio: 4.90
- Alpha: 1.98
- Beta: 1.15
Top Holdings Companies
ICICI Prudential Nifty Next 50 Index Direct Plan-Growth Mutual Funds are Held by 50 Companies. Which top Companies are :
- Trent Ltd. (4.83%)
- Bharat Electronic Ltd. (4.15%)
- Shriram Finance Ltd. (3.83%)
- Tata Power Company Ltd. (3.56%)
- Indian Oil Corporation Ltd. (3.43%)
- DLF Ltd. (3.28%)
- Hindustan Aeronautics Ltd. (3.26%)
- TVS Motors Company Ltd. (2.81%)
Annualized Returns on SIP
| Year | Funds Returns | Category Average |
| 1-Year | 65.0% | 42.0% |
| 3-Year | 22.6% | 18.5% |
| 5-Year | 17.7% | 15.7% |
| All Time | 15.9% | – |
Equity sector allocation
| Sector | Percentage |
| Financial Sector | 16.2% |
| Others Sector | 17.5% |
| Energy Sector | 11.2% |
| Capital Goods Sector | 15.2% |
| Consumer Staples | 11.9% |
| Automoblie Sector | 5.8% |
| Construction Sector | 7.7% |
| Service Sector | 14.7% |
| Website Link | Groww. in |
Quant Small Cap Fund Direct Plan-Growth
In the Categories of Top 10 Mutual Funds for SIP to Invest in 2024 Quant Small Cap Fund Direct Plan-Growth comes Fifth Position.
The Total Fund Size of Quant Small Cap Fund Direct Plan-Growth is Rs 17193.09 Crore.
If you planning For SIP on these Funds then The minimum Amount for investment in SIP is Rs 1000 per month.
If we talk about the Equity Sector So it holds 94.5% of the Equity Sector Allocation And 4.4% of Cash Flow, Debt 1.2%.
Other Important Terms Analysis:
- P/E Ratio: 23.75
- P/B Ratio: 2.54
- Alpha: 10.62
- Beta: 1.06
Top Holdings Companies
Quant Small Cap Fund Direct Plan-Growth Mutual Funds are Held by 97 Companies. Which top Companies are :
- Reliance Industries Ltd. (9.90%)
- JIO Financial Services Ltd. (6.27%)
- Bikaji Foods International Ltd. (3.59%)
- Adani Power Ltd. (3.42%)
- IRB Infrastructure Developers Ltd. (3.34%)
- Hindustan Copper Ltd. (2.78%)
- National Aluminium Company Ltd. (2.63%)
Annualized Returns on SIP
| Year | Funds Returns | Category Average |
| 1-Year | 75.3% | 57.7% |
| 3-Year | 43.5% | 29.1% |
| 5-Year | 38.1% | 25.5% |
| All Time | 19.9% | – |
Equity sector allocation
| Sector | Percentage |
| Financial Sector | 17.9% |
| Others Sector | 19.9% |
| Energy Sector | 15.8% |
| Service Sector | 10.1% |
| Consumer Staples | 7.8% |
| Metals & Mining Sector | 10.1% |
| Construction Sector | 9.5% |
| HealthCare Sector | 8.9% |
| Website Link | Groww. in |
HDFC Infrastructure Direct Plan-Growth
In the Categories of Top 10 Mutual Funds for SIP to Invest in 2024 HDFC Infrastructure Direct Plan-Growth comes Sixth Position.
The Total Fund Size of HDFC Infrastructure Direct Plan-Growth is Rs 1607.18 Crore.
If you planning For SIP on these Funds then The minimum Amount for investment in SIP is Rs 100 per month.
If we talk about the Equity Sector So it holds 86.9% of the Equity Sector Allocation And 10.5% of Cash Flow.
Other Important Terms Analysis:
- P/E Ratio: 19.60
- P/B Ratio: 3.07
- Alpha: 9.82
- Beta: 0.61
Top Holdings Companies
HDFC Infrastructure Direct Plan-Growth Mutual Funds are Held by 51 Companies. Which top Companies are :
- ICICI Bank Ltd. (7.04%)
- J Kumar Infraprojects Ltd. (6.03%)
- Coal India Ltd. (5.16%)
- Larsen & Toubro Ltd. (4.54%)
- NTPC Ltd. (4.35%)
- Kalpataru Projects International Ltd. (4.11%)
- Bharti Airtel Ltd. (3.49%)
- HDFC Bank Ltd. (3.49%)
- State Bank of India (3.28%)
Annualized Returns on SIP
| Year | Funds Returns | Category Average |
| 1-Year | 83.7% | 66.8% |
| 3-Year | 40.4% | 33.2% |
| 5-Year | 20.9% | 24.0% |
| All Time | 13.5% | – |
Equity sector allocation
| Sector | Percentage |
| Financial Sector | 21.6% |
| Others Sector | 15.1% |
| Energy Sector | 12.4% |
| Captial Goods Sector | 19.3% |
| Consumer Staples | – |
| Automoblie Sector | – |
| Construction Sector | 26.6% |
| Website Link | Groww. in |
Quant Active Fund Direct-Growth
In the Categories of Top 10 Mutual Funds for SIP to Invest in 2024 Quant Active Fund Direct-Growth comes Seventh Position.
The Total Fund Size of Quant Active Fund Direct-Growth is Rs 8466.76 Crore.
If you planning For SIP on these Funds then The minimum Amount for investment in SIP is Rs 1000 per month.
If we talk about the Equity Sector So it holds 97.1% of the Equity Sector Allocation And -0.3% of Cash Flow, Debt 3.2%.
Other Important Terms Analysis:
- P/E Ratio: 22.83
- P/B Ratio: 2.33
- Alpha: 8.03
- Beta: 1.03
Top Holdings Companies
Quant Active Fund Direct-Growth Mutual Funds are Holding by 65 Companies. Top Companies are :
- Reliance Industries Ltd. (10.01%)
- Jio Finance Services Ltd. (4.18%)
- Aurobindo Pharma Ltd. (4.08%)
- Punjab National Bank (3.88%)
- Britannia Industries Ltd. (3.70%)
- IRB Infrastructure Developers Ltd. (3.67%)
Annualized Returns on SIP
| Year | Funds Returns | Category Average |
| 1-Year | 57.1% | 49.4% |
| 3-Year | 30.0% | 24.3% |
| 5-Year | 30.4% | – |
| All Time | 22.1% | – |
Equity sector allocation
| Sector | Percentage |
| Financial Sector | 12.0% |
| Others Sector | 12.3% |
| Energy Sector | 17.8% |
| Technology Sector | 7.8% |
| Consumer Staples | 5.4% |
| Metal & Mining Sector | 14.2% |
| Construction Sector | 7.4% |
| Capital Goods | 8.2% |
| Services | 8.1% |
| HealthCare Sector | 6.9% |
| Website Link | Groww. in |
Bandhan Large Cap Fund Direct-Growth
In the Categories of Top 10 Mutual Funds for SIP to Invest in 2024 Bandhan Large Cap Fund Direct-Growth comes Eight Position.
The Total Fund Size of Bandhan Large Cap Fund Direct-Growth is Rs 1357.10 Crore.
If you planning For SIP on these Funds then The minimum Amount for investment in SIP is Rs 100 per month.
If we talk about the Equity Sector So it holds 96.6% of the Equity Sector Allocation And 2.7% of Cash Flow, with Debt 0.6%.
Other Important Terms Analysis:
- P/E Ratio: 25.81
- P/B Ratio: 3.99
- Alpha: 1.00
- Beta: 0.96
Top Holdings Companies
Bandhan Large Cap Fund Direct-Growth Mutual Funds are Holding by 65 Companies. Top Companies are :
- ICICI Bank Ltd. (9.02%)
- Reliance Industries Ltd. (8.84%)
- HDFC bank Ltd.(6.90%)
- Infosys Ltd. (5.94%)
- Larsen & Toubro Ltd. (3.93%)
- Tata Consultancy Services Ltd. (3.92%)
- Sun Pharmaceutical Industries Ltd. (3.08%)
Annualized Returns on SIP
| Year | Funds Returns | Category Average |
| 1-Year | 40.5% | 42.0% |
| 3-Year | 19.1% | 18.5% |
| 5-Year | 17.0% | 15.7% |
| All Time | 14.0% | – |
Equity sector allocation
| Sector | Percentage |
| Financial Sector | 29.8% |
| Others Sector | 7.9% |
| Energy Sector | 13.4% |
| Technology Sector | 12.3% |
| Consumer Staples | 6.2% |
| Automoblie Sector | 11.0% |
| Construction Sector | 8.6% |
| Healthcare Sector | 5.7% |
| Service Sector | 5.3% |
| Website Link | Groww. in |
Aditya Birla Sun Life PSU Equity Fund Direct-Growth
In the Categories of Top 10 Mutual Funds for SIP to Invest in 2024 Aditya Birla Sun Life PSU Equity Fund Direct-Growth comes in ninth Position.
The Total Fund Size of Aditya Birla Sun Life PSU Equity Fund Direct-Growth is Rs 3329.97 Crore.
If you planning For SIP on these Funds then The minimum Amount for investment in SIP is Rs 100 per month.
If we talk about the Equity Sector So it holds 91.0% of the Equity Sector Allocation And 9.0% of Cash Flow.
Other Important Terms Analysis:
- P/E Ratio: 11.46
- P/B Ratio: 1.87
- Alpha: 0.81
- Beta: 0.94
Top Holdings Companies
Aditya Birla Sun Life PSU Equity Fund Direct-Growth Mutual Funds are Held by 45 Companies. Top Companies are :
- Oil & Natural Gas Corporation Ltd. (7.61%)
- NTPC Ltd.(7.47%)
- State Bank of India (6.80%)
- Coal India Ltd. (6.29%)
- Bank of Baroda (5.71%)
- Power Grid Corporation of India Ltd. (5.47%)
- GAIL(india) Ltd. (5.06%)
- Life Insurance Corporation Of India (3.56%)
Annualized Returns on SIP
| Year | Funds Returns | Category Average |
| 6-Month | – | – |
| 1-Year | 101.4% | 95.9% |
| 3-Year | 45.6% | 44.2% |
| All Time | 34.5% | – |
Equity sector allocation
| Sector | Percentage |
| Financial Sector | 28.7% |
| Others Sector | 15.5% |
| Energy Sector | 45.4% |
| Capital Goods Sector | 10.4% |
| Consumer Staples | – |
| Automoblie Sector | – |
| Construction Sector | – |
| Website Link | Groww. in |
ALSO READ: Top 5 ELSS Mutual Funds in 2024
Quant Infrastructure Fund Direct-Growth
In the Categories of Top 10 Mutual Funds for SIP to Invest in 2024 Quant Infrastructure Fund Direct-Growth comes in Tenth Position.
The Total Fund Size of Quant Infrastructure Fund Direct-Growth is Rs 2207.59 Crore.
If you planning For SIP on these Funds then The minimum Amount for investment in SIP is Rs 1000 per month.
If we talk about the Equity Sector So it holds 92.6% of the Equity Sector Allocation And 3.8% of Cash Flow, Debt 3.6%.
Other Important Terms Analysis:
- P/E Ratio: 19.89
- P/B Ratio: 2.46
- Alpha: 10.54
- Beta: 0.69
Top Holdings Companies
Quant Infrastructure Fund Direct-Growth Mutual Funds are Holding by 40 Companies. Top Companies are :
- Reliance Industries Ltd. (9.60%)
- Jio Financial Services Ltd. (6.00%)
- IRB Infrastructure Developers Ltd. (5.69%)
- Life Insurance Corporation of India (5.69%)
- Adani Power Ltd. (5.11%)
- Kalyani Steels Ltd. (4.07%)
- Swan Energy Ltd. (4.05%)
- Steel Authority of India Ltd. (3.98%)
Annualized Returns on SIP
| Year | Funds Returns | Category Average |
| 1-Year | 84.0% | 66.8% |
| 3-Year | 44.3% | 33.2% |
| 5-Year | 37.2% | 24.0% |
| All Time | 20.6% | – |
Equity sector allocation
| Sector | Percentage |
| Financial Sector | 10.0% |
| Others Sector | 13.3% |
| Energy Sector | 22.6% |
| Metals & Mining Sector | 21.9% |
| Insurance Sector | 6.1% |
| Automobile Sector | – |
| Construction Sector | 19.3% |
| Website Link | Groww. in |
Conclusion
If you are planning for a long-term investment then SIP is Good For you In its Long-term Investment plan You can Get a maximum return Higher than your Investment amount. here Loss Chance is very Low.
In SIP You can Start Minimum of Rs 100 and Pay in monthly and Weekly installments.
Our article Help you to Find Good Mutual Funds For Investing. In this article, we cover the Top 10 Mutual Funds for SIP to Investment in 2024 and Related Complete Details Analysis.
If you have any Kind Suggestion Related to this Article then Drop your Suggestion into the Comment Box.
Is it compulsory to pay SIP every month?
In SIP you have many options in Payment. You Can Pay Your monthly SIP and Apart From this You can Pay A one-time Payment every year. You can Change Your SIP Payment Method According to your Comfort.
How long should I stay invested in SIP?
If you are Planning to Stay Long terms in your SIP then you can Continue For 20 Years you r SIP and in this Condition, you can Get a good Amount of return On your investment.
When should I quit SIP?
If your Mutual Funds are Given Regularly Bad performance then you can Stop your Investment and try Other Good Mutual Funds.
What is the Minimum Required Amount for Investment In SIP?
If you are planning to invest in SIP then you Can Start your SIP in a Minimum Amount of Rs 100. According to time You can Change this Amount and increase it.
What is the minimum SIP time?
The minimum time of SIP is 6 months and You can increase it According to your Choice like 1 Year, 3 years, 6 years, and more than 6 years. According to your Investment time, you can get the return.
Very informative