Top 10 Mutual Funds for SIP to Invest in 2020

April 1, 2023

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Investing in mutual funds through Systematic Investment Plans (SIPs) has become an increasingly popular way for investors to build their wealth over the long term. However, with so many mutual fund options available in the market, it can be challenging to identify the best mutual funds to invest in.

In this article, we have compiled a list of the top 10 mutual funds for SIP investments in 2020 based on their performance, consistency, and other key factors.

Mirae Asset Large Cap Fund – Growth The Mirae Asset Large Cap Fund has consistently outperformed its benchmark index and has a track record of generating stable returns over the long term. This fund has a diversified portfolio of large-cap companies with a focus on high-quality stocks, making it a good option for investors seeking stable returns.
Axis Bluechip Fund – Growth The Axis Bluechip Fund is a large-cap equity fund that has delivered consistent returns over the long term. The fund has a well-diversified portfolio with a focus on blue-chip companies, making it an ideal choice for investors seeking steady returns with relatively lower risk.
ICICI Prudential Bluechip Fund – Growth The ICICI Prudential Bluechip Fund is another large-cap equity fund that has consistently delivered good returns over the long term. The fund invests in companies with a strong market presence and has a diversified portfolio, making it a safe investment option for investors.
SBI Bluechip Fund – Growth The SBI Bluechip Fund is a large-cap equity fund that has consistently delivered good returns over the long term. The fund invests in high-quality blue-chip companies and has a diversified portfolio, making it an ideal choice for investors seeking stable returns.
Franklin India Focused Equity Fund – Growth The Franklin India Focused Equity Fund is a multi-cap equity fund that has consistently delivered good returns over the long term. The fund has a well-diversified portfolio with a focus on high-quality companies across various sectors, making it an ideal choice for investors seeking higher returns with relatively higher risk.
HDFC Mid-Cap Opportunities Fund – Growth The HDFC Mid-Cap Opportunities Fund is a mid-cap equity fund that has consistently delivered good returns over the long term. The fund invests in mid-cap companies with a focus on growth and has a well-diversified portfolio, making it an ideal choice for investors seeking higher returns with relatively higher risk.
Kotak Standard Multicap Fund – Growth The Kotak Standard Multicap Fund is a multi-cap equity fund that has consistently delivered good returns over the long term. The fund invests in high-quality companies across various sectors and has a diversified portfolio, making it an ideal choice for investors seeking higher returns with relatively lower risk.
L&T Midcap Fund – Growth The L&T Midcap Fund is a mid-cap equity fund that has consistently delivered good returns over the long term. The fund invests in mid-cap companies with a focus on growth and has a well-diversified portfolio, making it an ideal choice for investors seeking higher returns with relatively higher risk.
Axis Midcap Fund – Growth The Axis Midcap Fund is a mid-cap equity fund that has consistently delivered good returns over the long term. The fund invests in mid-cap companies with a focus on growth and has a well-diversified portfolio, making it an ideal choice for investors seeking higher returns with relatively higher risk.
Franklin India Equity Fund – Growth The Franklin India Equity Fund is a diversified equity fund that has consistently delivered good returns over the long term. The fund invests in high-quality companies across various sectors and has a well-diversified portfolio,

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Frequently Asked Questions (FAQs)

Q: What are mutual funds?
A: Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.

Q: What is SIP?
A: SIP or Systematic Investment Plan is a method of investing in mutual funds, where investors invest a fixed amount of money at regular intervals, such as monthly or quarterly.

Q: What are the top 10 mutual funds for SIP to invest in 2020?
A: The top 10 mutual funds for SIP to invest in 2020 are Mirae Asset Large Cap Fund, Axis Bluechip Fund, ICICI Prudential Bluechip Fund, SBI Bluechip Fund, Franklin India Focused Equity Fund, HDFC Mid-Cap Opportunities Fund, Kotak Standard Multicap Fund, L&T Midcap Fund, Axis Midcap Fund, and Franklin India Equity Fund.

Q: What factors were considered to identify the top 10 mutual funds for SIP to invest in 2020?
A: The top 10 mutual funds were selected based on their performance over the long term, consistency in delivering returns, portfolio diversification, and investment philosophy.

Q: What is the risk associated with investing in mutual funds?
A: Mutual funds carry a certain level of risk, which varies based on the type of mutual fund and the underlying securities in the portfolio. However, investing in mutual funds through SIP can help mitigate the risk by averaging out the cost of investment over time.

Q: How much should I invest in mutual funds through SIP?
A: The amount to invest in mutual funds through SIP depends on individual financial goals, risk tolerance, and investment horizon. It is advisable to consult a financial advisor to determine the appropriate amount to invest.

Q: Can I switch between mutual funds?
A: Yes, investors can switch between mutual funds, either within the same fund house or across different fund houses. However, it is advisable to consult a financial advisor before making any such changes to the investment portfolio.

Q: What is the minimum investment amount for mutual funds through SIP?
A: The minimum investment amount for mutual funds through SIP varies from fund to fund and can range from as low as Rs. 100 to Rs. 5000. Investors can choose the investment amount based on their financial goals and investment capacity.