Best Performing SIP Mutual Funds to Invest in India

Best Performing SIP Mutual Funds to Invest in India

Best Indian SIP Mutual Funds for Investment

The most common investment method among investors today is a systematic investment plan (SIP). SIPs enable investing a set amount regularly in a mutual fund program.

SIPs of mutual funds have effectively dealt with the need to time the market. As a result, there is no need to time the market when you choose a SIP for your investing requirements. Additionally, investments are addressed with consistency. 

SIPs offer total freedom regarding investment quantity, the choice between monthly and quarterly investing, and ownership tenure. Additionally, you can change or cancel your SIP anytime and miss an instalment. The SIP method of investing has no lock-in periods.

An essential feature of a SIP is how simple it is to maintain; your money will automatically be deducted from your bank account each month and invested in a mutual fund scheme of your choice. 

Top 10 Performing SIP Mutual Funds to Invest in 2022 

Below are the top 10 mutual funds for SIP to invest in 2022 based on various market evaluations.

Fund Name Category of Fund Overall Return
Nippon India Growth Fund Mid-Cap 21.9%
Canara Robeco Equity Taxsaver fund Equity Linked Tax Savings Fund 19.5%
Mirae Asset Tax Saver Fund Equity Linked Tax Savings Fund 17.9%
Kotak Bluechip Fund Large-Cap 17.9%
Axis Midcap Fund Mid-Cap 17.8%
Mirae Asset Large Cap Fund Large-Cap 15.1%
HDFC Index Nifty 50 fund Index 14.76%
Axis Bluechip Fund Large-Cap 12%
UTI Nifty Index Fund Index 11.4%
Nippon India Large Cap Large-Cap 11.4%

Why Should You Consider Investing in the Best SIP Mutual Funds?

The benefits of using SIP mutual funds for investment purposes have been mentioned down below:

Appropriate for Investors with Limited Capital Available

Despite having little funds, most first-time investors are aware of the advantages of long-term investing. These low-capital investors may use their limited monthly resources to invest in the finest SIP of 2022 and produce more significant profits over the long run. With only INR 100, an investor may begin a SIP.

Average Costing in Rupees

By investing in the best mutual funds for SIP, you may enjoy the advantages of the Rupee cost average. If the market is down-trending, you may raise your SIP investments; if it's trending, you can lower them. The cost of fund units may then be averaged over time.

The Choice of Diversification

SIP may be started in almost all mutual fund schemes. Depending on your investing strategy, you may choose a variety of the top-performing SIP mutual funds and distribute your investment amount among them.

Consequently, even during slowdowns or periods of extreme market volatility, you can manage your market risks and generate consistent returns. In addition, you may keep your SIP investment strategy balanced by investing in debt, hybrid, and equity SIP mutual funds.

Flexibility With Investments

Your investments are entirely in your hands with the best SIP investment plan. For example, a SIP mutual fund may be initiated and terminated as required. Alternatively, you may stop a SIP and pick it up later. This degree of flexibility is not available with any other investing strategy.

Compounding Wealth

Long-term investing is the goal of compounding SIP mutual fund investments. Over the years, the compounding effect of your SIP deposits keeps generating much more significant returns. Therefore, it is advised that even if your finances are limited, you start investing in mutual funds via SIP as soon as reasonable.

Establishes Financial Discipline

To invest in risky assets, discipline is the most crucial skill you need to have. You may develop financial discipline via SIPs, which you can apply to other investing activities.

Automated Payments

Even if you consistently make investments, you could sometimes forget to make the payments. A SIP removes this by automating the payments, causing a fixed sum to be automatically withheld from your bank account each month. Therefore, there is no chance you will forget to make the payments.

Best Mutual Funds For SIP in 2022 - Category Wise

After understanding what is SIP in mutual funds, let's explore the best mutual funds investment options for having a SIP in India based on some specific criteria:

Large-Cap Mutual Funds (For Large Cap Businesses)

Large-cap plans invest in companies with a market valuation of more than INR 20,000 crores. They are perfect for those who want to build wealth without putting their money in a risky market. The top-performing SIP mutual funds for large-cap companies are listed below:

Scheme Name 5-Year Monthly SIP Return (%) 10-Year Monthly SIP Return (%)
Aditya Birla SL India GenNext Fund (G) 22.95% 20.63%
Aditya Birla SL Top 100 Fund (G) 18.53% 16.69%
ICICI Pru Dynamic Plan (G) 18.64% 16.69%
ICICI Pru Top 100 Fund (G) 18.43% 16.02%
Quantum LT Equity Fund (G) – Direct Plan 17.27% 16.86%
Reliance Growth Fund (G) 24.01% 18.05%
SBI BlueChip Fund – Reg (G) 19.07% 16.86%
Tata Equity P/E Fund (G) 26.86% 20.34%
Templeton India Growth Fund (D) 21.63% 16.74%

Multi-Cap Mutual Funds (For Multi-Cap Businesses)

For investors with limited risk tolerance, this type of strategy, which invests in the stocks of large, mid-sized, and small companies, is ideal. The best-performing mutual fund SIP plans in this category are listed below:

Scheme Name 5-Year Monthly SIP Return (%) 10-Year Monthly SIP Return (%)
Aditya Birla SL Advantage Fund (D) 24.46% 18.54%
Aditya Birla SL Equities Fund (G) 23.51% 18.41%
DSPBR Opportunities Fund – Reg (G) 23.39% 18.35%
Franklin India High Growth Cos Fund (G) 23.52% 20.56%
HDFC Capital Builder Fund (G) 22.91% 19.03%
IDFC Premier Equity Fund – Reg (G) 21.12% 20.32%
Kotak Opportunities Fund (G) 21.00% 16.93%
L&T India Spl. Situations Fund – Reg (G) 22.16% 18.68%
Principal Growth Fund (G) 25.49% 18.77%
Reliance Reg Savings Fund – Equity Option (G) 22.78% 17.80%
Reliance Top 200 Fund (G) 20.40% 16.77%
SBI Emerging Business Fund – Reg (G) 22.92% 21.53%
SBI Magnum Multicap Fund – Reg (G) 23.45% 17.60%
SBI Magnum Multiplier Fund – Reg (D) 22.27% 18.17%
Sundaram Rural India Fund (G) 26.47% 19.26%

Mid-Cap Mutual Funds (For Mid-Cap Businesses)

Companies with an enterprise value of between INR 500 crore and INR 10,000 crores are the focus of mid-cap mutual fund schemes. These schemes best suit investors with high-risk tolerance and rapid investment growth goals. The best-performing SIP mutual funds in this sector are listed below:

Scheme Name 5-Year Monthly SIP Return (%) 10-Year Monthly SIP Return (%)
Aditya Birla SL Small & Midcap Fund (G) 32.92% 23.96%
Canara Rob Emerg Equities Fund – Reg (G) 32.63% 26.51%
Edelweiss Mid and Small Cap Fund – Reg (G) 30.93% 24.29%
Franklin India Smaller Cos Fund (G) 31.38% 26.09%
L&T Midcap Fund – Reg (G) 33.37% 24.70%
Sundaram Select Midcap (G) 29.10% 23.45%


By choosing the best scheme plan for the investor based on their risk-return profile, a systematic investment plan may be initiated at any moment to guarantee that risk is reduced. It is essential that the investor choose a plan that would enable them to fulfil their financial aims and long-term goals.

For many people who create a Demat account for this purpose, stocks are their preferred type of investing. Stocks, however, may not be appropriate for all investors. Additionally, you may get several pieces of advice on the "best SIP investment" for 2022, but before investing anything, you should do some analysis. Find out whether a SIP is a suitable investment strategy for you and if it meets your requirements before investing.

Frequently Asked Questions (FAQs)

Is investing using a SIP in mutual funds risky?

SIPs limit the risk of investing at the wrong market time by using several markets. It is important to note that mutual funds are vulnerable to market risk. Therefore, you do not need to worry about investing in mutual funds via SIPs, as it has no inherent risk. The fund selected by the investor can carry more risk than they are comfortable with. 

Potential investors have various funds they can select from. These include duration funds, multi-cap funds, balanced funds, mid-cap funds, regular and direct growth plans, direct plans, and more. This significantly affects the risk factor involved with your investments.

Can I receive payments out of my SIP investments?

Funds may always be taken out of a SIP investing plan. Redeeming the investment is what it is termed. If redemption is made before a year has passed after investing, an exit load is applied.

Is SIP superior to FD?

Although SIPs provide a greater interest rate than FDs, the highest returns cannot be guaranteed. Therefore, it would be preferable if you offered some thought to the risks of the returns. In contrast, regardless of the amount deposited in a fixed deposit, the investor is guaranteed to get fixed returns over a specific time.

When is the ideal moment to start a SIP?

The risk decreases with the duration of your investment. Therefore, the ideal moment to begin a SIP is when you wish to invest in a lower-risk asset.

Is lump sum better than SIP?

The existing state of the market affects these funds' returns in both situations. While lump sum investments provide greater returns when the market is stable, SIPs often perform better in unfavourable market conditions.