Best SIP Plans for 1,000 Per Month in 2024

The need for disciplined and strategic investment is becoming increasingly apparent as the financial industry develops and changes. Investing in your future has never been easier or more accessible than with the 10 best SIP plans for  ₹1,000 per month in 2024. These plans involve regularly investing a small amount instead of a large sum, allowing you to benefit from the power of compounding. This curated list offers options for both experienced investors and beginners to grow their wealth strategically. With a monthly investment of ₹1,000, these top SIP plans cater to different risk preferences and financial goals, making them suitable for any budget. Whether saving for retirement, a major purchase, or simply building your financial portfolio, these plans prove that smart investing does not require a substantial initial commitment.

This article will explore the best SIP plans for ₹1,000 per month, ensuring that every rupee invested contributes to a financially secure future.

Understanding the Meaning

A Systematic Investment Plan (SIP) is like a financial savings habit that helps you invest in mutual funds simply and disciplined. Think of it as putting a fixed amount of money, as small or as big as you choose, into a mutual fund scheme regularly – it could be monthly, quarterly, or even yearly. The beauty of SIPs is that they do not require a large sum; you can begin with a relatively small amount. Over time, these regular investments can add up and grow, thanks to the power of compounding and market growth.

One of the main benefits of opting for Systematic Investment Plans (SIPs) instead of investing in a lump sum is the ability to manage market volatility by utilising rupee cost averaging. By investing smaller amounts at regular intervals, you can monitor the performance of your selected fund and make informed decisions about whether to increase, decrease, or cease your investment altogether.

10 Best SIP Plans for INR 1000 Investment Per Month

Fund Name	Category	Risk Level	Yearly Returns
Quant Active Fund	Multi Cap Fund	Very High	34.21%
Quant Large and Mid Cap Fund	Equity, Large & Mid-Cap Fund	Very High
Parag Parikh Flexi Cap Fund	Flexi Cap Fund	Very High	37.85%
Quant Tax Plan Direct-Growth Fund	ELSS	Very High	39.96%
Edelweiss Large & Mid Cap Fund	Mid Cap Fund	Very High	33.03%
Mirae Asset Emerging Bluechip Fund Direct-Growth	Large Cap Fund	Very High	21.55%
Axis Bluechip Fund Direct Plan-Growth	Large Cap Fund	Very High	19.92%
Sundaram Focused Fund	Focused Fund	Very High	25.8%
PGIM India Flexi Cap Fund	Flexi Cap Fund	Very High	19.39%
Kotak Equity Opportunities Fund Direct-Growth	Large & Mid-Cap Fund	Very High	32.74%

Let’s talk about these SIP Plans in detail:

Quant Active Fund

A Quant Active Fund is an investment fund that actively manages its portfolio using mathematical and statistical models. It uses algorithmic strategies and data analysis to make investment decisions to outperform the market. This fund typically uses sophisticated computer-based methods to identify trading opportunities and manage risk dynamically.

Key Features:

• Initiated On: February 12, 2001
• Minimum investment: 1,000 per month
• Asset Holdings: Equity (97.4%), Debt (2.6%)
• Top Equity Holdings: Reliance Industries Ltd., Aurobindo Pharma Ltd., Escorts Kubota Ltd., JIO Financial Services Ltd., and Punjab National Bank

 Quant Large and Mid Cap Fund Direct-Growth

Quant Mutual Fund introduced the Quant Large and Mid Cap Fund on January 1, 2013. This scheme operates as an open-ended fund and aims to achieve capital appreciation and long-term growth opportunities.

Key Features:

• Initiated On: January 01, 2013
• Minimum investment: 1,000 p.m.
• Asset Holdings: Equity (94.6%), Debt (5.6%)
• Top Equity Holdings: Reliance Industries Ltd., NMDC Ltd., Aurobindo Pharma Ltd., Adani Power Ltd., Tata Communications Ltd.

Parag Parikh Flexi Cap Fund

The Parag Parikh Flexi Cap Fund is a mutual fund managed by Parag Parikh Mutual Fund. It allows investors to invest in different market capitalisations, allowing the fund manager to adjust to ever-changing market conditions. The fund follows a value-oriented and research-based approach, concentrating on high-quality stocks with growth potential.

Key Features:

• Initiated On: May 13, 2013
• Minimum investment: 1,000 p.m.
• Asset Holdings: Domestic equity (84.24%) and Debt (14.44%)
• Top Equity Holdings: HDFC Bank, Bajaj Holdings & Investment Ltd, ITC Ltd, Axis Bank Ltd

Quant Tax Plan Direct-Growth Fund

The Quant Tax Plan Direct-Growth Fund, previously known as Escort Tax Plan, is an equity-linked savings scheme (ELSS) managed by Quant Mutual Fund. This fund is known for its riskier approach than its peers, with a higher standard deviation and beta. Despite the higher risk, the fund has shown impressive performance, especially in recent years after a change in management.

Key Features:

• Initiated On: January 01, 2013
• Minimum Investment: 500 p.m.
• Asset Holdings: Domestic equity (84.24%) and Debt (14.44%)
• Top Equity Holdings: HDFC Bank, Bajaj Holdings & Investment Ltd, ITC Ltd, Axis Bank Ltd

Edelweiss Large & Mid Cap Fund

The Edelweiss Large & Mid Cap Fund is an investment fund that concentrates on a blend of big and medium-sized companies. This approach offers investors a well-rounded portfolio, capturing growth potential from well-established large-cap companies and up-and-coming mid-cap firms. The fund is overseen by Edelweiss Asset Management Limited, aiming to deliver the best possible returns by spreading investments across different market capitalisations.

Key Features:

• Initiated On: January 01, 2013
• Minimum Investment: 500 p.m.
• Asset Holdings: Domestic equities (98.77%) and Debt (1.04%)
• Top Equity Holdings: HDFC Bank Ltd, ICICI Bank Ltd, Larsen & Toubro Ltd, State Bank of India, and State Bank of India

Mirae Asset Emerging Bluechip Fund Direct-Growth

The Mirae Asset Emerging Bluechip Fund Direct-Growth is under the management of Mirae Asset Global Investments (India) Pvt. Ltd stands out as an investment choice worth considering. This fund emphasises large-cap and mid-cap stocks, ensuring a balanced allocation of at least 35% of its assets in each category. It boasts a varied portfolio, with notable investments in financial services, consumer cyclicals, basic materials, industrials, and healthcare.

Key Features:

• Initiated On: July 09, 2010
• Minimum Investment: 500 p.m.
• Asset Holdings: Equities (98.88%) and Debt (0%)
• Top Equity Holdings: HDFC Bank Ltd, State Bank of India, and ICICI Bank Ltd.

Axis Bluechip Fund Direct Plan-Growth

The Axis Bluechip Fund Direct Plan-Growth is a large-cap mutual fund offered by Axis Mutual Fund. With an expense ratio of 0.66%, it is one of the more cost-effective options among large-cap funds. The fund’s primary goal is to achieve long-term capital growth by investing in a varied portfolio primarily composed of equity and equity-related instruments of large-cap companies.

Key Features:

• Initiated On: January 01, 2013
• Minimum Investment: 100
• Asset Holdings: Equities (97.45%) and Debt (1.87%)
• Top Equity Holdings: HDFC Bank Ltd., ICICI Bank Limited, Bajaj Finance Limited, Avenue Supermarts Limited

Sundaram Focused Fund

The Sundaram Focused Fund, managed by Sundaram Mutual Fund, is an equity scheme aiming to invest in diverse stocks across various market capitalisations. With a concentrated portfolio of around 30 companies, the fund seeks to invest in high-conviction stocks from different sectors.

Key Features:

• Initiated On: September 23, 2005
• Minimum Investment: 100
• Asset Holdings: Equities (95.56%) Others (4.44%)
• Top Equity Holdings: HDFC Bank Ltd., Reliance Industries Ltd., Infosys Ltd., ICICI Bank Ltd., and Larsen & Toubro Ltd.

PGIM India Flexi Cap Fund

The PGIM India Flexi Cap Fund is an active mutual fund that invests in various stocks, including large, mid, and small caps. Managed by PGIM India Mutual Fund, this fund aims to generate income and capital growth by actively managing a diverse portfolio of equity and equity-related instruments, such as derivatives.

Key Features:

• Initiated On: March 04, 2014
• Minimum Investment: 1000
• Asset Holdings: Equities (98.0%) Cash (1.9%) Debt (0.2%)
• Top Equity Holdings: ICICI Bank Ltd., HDFC Bank Ltd., Reliance Industries Ltd.

Kotak Equity Opportunities Fund Direct-Growth

The Kotak Equity Opportunities Fund is an investment fund that aims to increase the value of its investments over a long period of time by putting money into various stocks and similar financial assets. Kotak Mahindra Asset Management Company manages it, and the fund looks for chances to make money in different industries and companies of various sizes to achieve its goals. People who want to make money from the Indian stock market might want to consider including this fund in their investment plans.

Key Features:

• Initiated On: January 01, 2013
• Minimum Investment: 500
• Asset Holdings: Equities (96.06%) Debt (0.48%)
• Top Equity Holdings: Axis Bank Ltd, Larsen & Toubro Ltd, Linde India Ltd, Bharat Forge Ltd, and ITC Ltd.

To Sum Up!

When choosing the most suitable SIP plans for a monthly investment of Rs. 1,000, it is important to consider factors like the funds’ performance, risk tolerance, and investment objectives. It is important to conduct thorough research to ensure that your decisions are well-informed and aligned with your personal preferences and financial goals. By making wise choices, you can maximise your returns and establish a strong financial base through carefully planned SIP investments.