10 Best SIP Plans for 10 years in India to Invest in 2023

India has emerged as one of the fastest-growing economies in the world, and its mutual fund industry has also witnessed substantial growth over the years. Systematic Investment Plans (SIPs) have become one of the most popular investment options for individuals looking to invest in mutual funds for the long term. SIPs are a convenient and disciplined way of investing in mutual funds as they allow investors to invest a fixed amount of money at regular intervals, helping them to build wealth over time while minimizing the impact of market volatility. 

However, with numerous mutual fund schemes available in the market, selecting the right SIP plan that meets your investment objectives can be a daunting task. In this article, we will discuss the 10 best SIP plans for 10 years in India to invest in 2023. 

When choosing the right SIP plan, investors should consider factors such as their investment goals, risk profile, fund performance, expense ratio, and fund managers' track record. It is also essential to have a long-term investment horizon, as the returns on SIP investments tend to compound over time, delivering higher returns in the long run. 

In the following sections, we will discuss the top best SIP plan for 10 years that investors can consider for their long-term investment objectives. These SIP plans have been selected based on their historical performance, fund manager expertise, and consistency in delivering returns over the years. 

10 Best SIP Plan for 10 Years in India 2023  

  (The returns in the above table are subject to market risks and do not represent any kind of chronological sequence. Please exercise caution before investing.) 

Best SIP Plans to Invest for 10 Years 

Mirae Asset Large Cap Fund  

With an AUM of Rs 32,911 crore as on February 2023, Mirae Asset Large Cap Fund is a popular choice among investors who are looking for long-term wealth creation. It invests in large-cap companies that have a proven track record of performance and stability. The fund has a NAV of Rs 83.09 as on March 29, 2023, and an expense ratio of 0.54% for direct plans and 1.59% for regular plans. The minimum SIP investment for the fund is Rs 1,000. It falls under the large-cap category of funds and has a moderate risk profile. The annualized returns for the fund are negative 0.63% for 1 year, 25.82% for 3 years, and 12.12% for 5 years. 

HDFC Mid-Cap Opportunities Fund  

HDFC Mid-Cap Opportunities Fund is a mid-cap fund that invests in companies that have the potential to grow in the long term. With an AUM of Rs 35,010 crore as on February 2023, the fund has a NAV of Rs 107.06 as on March 29, 2023, and an expense ratio of 0.95% for direct plans and 1.75% for regular plans. The minimum SIP investment for the fund is Rs 100. It falls under the mid-cap category of funds and has a high-risk profile. The annualized returns for the fund are 10.28% for 1 year, 37.13% for 3 years, and 13.07% for 5 years. 

ICICI Prudential Bluechip Fund  

ICICI Prudential Bluechip Fund is a large-cap fund that invests in bluechip companies. With an AUM of Rs 34,199 crore as of February 2023, the fund has a NAV of Rs 72.09 as on March 29, 2023. Its expense ratio is 1.06% for direct plans and for the regular plan, it is 1.67%. The minimum SIP investment for the fund is Rs 100. It falls under the large-cap category of funds and has a moderate risk profile. As of March 29, 2023, the fund has delivered an annualised return of 2.77% in the last year, 28.74% in the last 3 years, and 12.22% in the last 5 years. 

Kotak Emerging Equity Fund  

Kotak Emerging Equity Fund is a mid-cap fund that invests in companies that have the potential to grow in the long term. With an AUM of Rs 23,963 crore as of February 2023, the fund has a NAV of Rs 82.92 as on March 29, 2023. The expense ratio of the fund as on February 2023 for a direct plan is 0.49% and for the regular plan is 1.68%. The minimum SIP investment for the fund is Rs 100. It falls under the mid-cap category of funds and has a high-risk profile. As of March 29, 2023, the fund has delivered an annualised return of 5.2% in the last year, 37.11% in the last 3 years, and 14.9% in the last 5 years. 

SBI Small-Cap Fund 

SBI Small-Cap Fund is a small-cap fund that invests in companies that have the potential to grow in the long term. With an AUM of Rs 15,395 crore as of February 2023, the fund has a NAV of Rs 120.04 as on March 29, 2023. The expense ratio of the fund as on February 2023 for a direct plan is 0.7% and for the regular plan is 1.83%. The minimum SIP investment for the fund is Rs 1000. It falls under the small-cap category of funds and has a high-risk profile. As of March 29, 2023, the fund has delivered an annualised return of 6.38% in the last year, 39.38% in the last 3 years, and 15.6% in the last 5 years. 

Bottomline 

Investing in SIPs can be a rewarding experience if done correctly. While selecting the best SIP plan, investors should carefully consider their investment objectives, risk profile, and investment horizon. The above-mentioned SIP plans are some of the best options available in the market based on their historical performance, fund manager expertise, and consistency in delivering returns over the years. However, investors should remember that past performance is not a guarantee of future returns and that market fluctuations and other external factors can affect the performance of mutual funds. Therefore, it is always advisable to consult a financial advisor before investing.