Best SIP Plans for 1000 per Month (2024)

A key component of financial planning is investing, which enables people to increase their wealth over time. Due to their convenient and disciplined investing approach, Systematic Investment Plans (SIPs) have become extremely popular among investors. There are a few SIP options to think about if you want to begin investing with a small monthly commitment of ₹1,000. This post will discuss some of the Best SIP plans for 1000 per month.

Best SIP Plans for 1000 Per Month

IP Plan Name	NAV*  (in Rs.)	Fund Size	Annualized 5 – Year Returns
ULIP Funds
HDFC Life- Discovery Fund	29.41	Rs. 3,020	21.9%
HDFC Life – Opportunities Fund	59.23	Rs. 31,393 Cr	16.60%
Kotak Life – Frontline Equity Fund	52.72	Rs. 2,317 Cr	16.30%
Bajaj Life – Accelerator Mid-cap Fund II	64.82	Rs. 5,017 Cr	15.00%
Bajaj Life – Pure Stock Fund	64.82	Rs. 5,250 Cr	14.70%
Mutual Funds
Quant Active Fund	567.33	Rs. 6,060 Cr	20.55%
Parag Parikh Flexi Cap Fund	67.01	Rs. 44,038 Cr	19.83%
Quant Focused Fund	74.94	Rs. 417 Cr	17.76%
Edelweiss Large & Mid Cap Fund	75.17	Rs. 2,221 Cr	16.34%
Kotak Equity Opportunities Fund	284.94	Rs. 15,261 Cr	17.03%

What is SIP?

SIP stands for Systematic Investment Plan in its entirety. It’s a technique to allocate a set amount of money to the top investment options on a weekly, monthly, or quarterly basis. The Asset Management Companies (AMCs) pool the SIP to make investments in market-linked securities such as debt securities, bonds, stocks, and balanced funds based on your risk tolerance. 

Rupie cost averaging in SIPs helps you to reduce the risk of volatile market performance, which is one of its main advantages over lump sum investments. Because you are investing in little increments over time, you can monitor the performance of the fund you have selected and make decisions about whether to increase, decrease, or cease your investment based on that information. 

Here are the Best SIP plans for 1,000 per month

Quant Active Fund: Launched on January 1, 2013, Quant Mutual Fund is an equity-oriented scheme. This plan focuses mainly on capital growth, offering opportunities for long-term growth through investments in a diverse portfolio of large-, mid-, and small-cap companies. The salient points are as follows:

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

PGIM India Flexi Cap Fund: An equity-oriented scheme, the PGIM India Flexi Cap Fund is a component of the PGIM India Mutual Fund. This open-ended dynamic scheme, which covers small-, medium-, and large-cap investments, was introduced on March 4, 2015. The main objective is to create capital growth and income through the active management of a diverse portfolio of equity and equity-related instruments, including derivatives. The salient details are as follows:

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

Quant Tax Plan Direct-Growth Fund: Launched on January 1, 2013, Quant Mutual Fund’s Quant Tax Plan Fund is an equity ELSS mutual fund scheme. The majority of the fund’s capital is allocated to the Metals & Mining, Healthcare, Energy, and Financial industries. The scheme’s track record of yielding returns is comparable to the majority of funds in its class. Here are a few crucial details:

• AUM: ₹4,957 Crores
• Risk: Very High
• Expense Ratio: 0.76% (as of Oct 31, 2023)
• Category of Fund: Equity, ELSS

Parag Parikh Flexi Cap Fund Direct-Growth: May 28, 2013, saw the launch of PPFAS Mutual Fund’s Parag Parikh Flexi Cap Fund. It functions as a dynamic, open-ended equity scheme that makes targeted investments in large, mid, and small-cap stocks. This plan uses a portfolio of securities that includes equity and related securities to promote long-term capital growth. Here are a few crucial details:

• AUM: ₹44,038 Crores
• Risk: Very High
• Expense Ratio: 0.65% (as of Oct 31, 2023)
• Category of Fund: Equity, Flexi Cap

Axis Bluechip Fund Direct Plan-Growth: Introduced on January 1, 2013, the Axis Bluechip Fund is a large-cap mutual fund scheme offered by Axis Mutual Fund. The majority of this medium-sized fund’s assets are placed in the financial, automotive, services, technology, and construction industries. Here are a few crucial details:

• AUM: ₹30,734 Crores
• Risk: Very High
• Expense Ratio: 0.63% (as of Oct 31, 2023)
• Category of Fund: Equity, Large Cap

Mirae Asset Emerging Bluechip Fund Direct-Growth: On January 1, 2013, the Mirae Asset Mutual Fund introduced the Mirae Asset Emerging Bluechip Fund, an equity scheme. This scheme primarily makes investments in equity-related securities and Indian equities, with a focus on large- and mid-cap firms. Here are a few crucial details:

• AUM: ₹28,104 Crores
• Risk: Very High
• Expense Ratio: 0.64% (as of Oct 31, 2023)
• Category of Fund: Equity, Large and Mid-Cap

Sundaram Focused Fund: Sundaram Mutual Fund launched this open-ended mutual fund on January 1st, 2013. It is a focused fund that invests in a small number of carefully selected stocks. Capital appreciation through targeted investments in a narrow portfolio of equity and equity-related instruments is the main objective. Here are a few crucial details:

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

Quant Large and Mid Cap Fund Direct-Growth: A scheme offered by Quant Mutual Fund, called Quant Large and Mid Cap Fund, went live on January 1, 2013. It functions as an open-ended scheme and its primary goals are long-term growth prospects and capital appreciation. Strategic portfolio investments made up of both large- and mid-cap companies are used to accomplish this. Here are a few crucial details:

• AUM: ₹1,127 Crores
• Risk: Very High
• Expense Ratio: 2.15% (as of Oct 31, 2023)
• Category of Fund: Equity, Large and Mid-Cap

Edelweiss Large & Mid Cap Direct Plan-Growth: Introduced on January 1, 2013, the Edelweiss Large & Mid Cap Fund is an open-ended equity scheme offered by Edelweiss Mutual Fund. Investments are judiciously distributed between large-cap and mid-cap stocks. The fund’s main objective is to produce long-term capital growth through the purchase of a portfolio of stocks and stock-related securities. Here are a few crucial details:

• AUM: ₹2,221 Crores
• Risk: Very High
• Expense Ratio: 0.47% (as of Oct 31, 2023)
• Category of Fund: Equity, Large and Mid-Cap

Kotak Equity Opportunities Fund Direct-Growth: Kotak Mahindra Mutual Fund introduced the Kotak Equity Opportunities Fund, a large and mid-cap mutual fund plan, on January 1, 2013. The majority of the funds in this medium-sized fund are allocated to the consumer staples, chemicals, auto, financial, and capital goods industries. Here are a few crucial details:

• AUM: ₹15,261 Crores
• Risk: Very High
• Expense Ratio: 0.53% (as of Oct 31, 2023)
• Category of Fund: Equity, Large and Mid-Cap

FAQ’s

Q1. How should I invest my thousand rupees a month?

The best way to invest Rs. 1000 a month will vary depending on your goals and unique situation. Here are some general pointers, though:

• Start early
• Diversify your investments
• Invest regularly
• Consider your risk tolerance

Q2. What will I receive from a $1,000 SIP investment?

At the end of your maturity period, if you invest Rs. 1000 in an SIP with the Tata Flexi Growth Fund for five years at an expected rate of 18%, you will have earned Rs. 97,658.

Q3. How can I double a thousand rupees?

You can double your 1000 rupees in a few different ways: 

• Real Estate
• Child Plans
• Pension Plans
• Mutual Funds
• Unit Linked Insurance Plans (ULIP)

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