Best SIP Plans For INR 1000 Per Month In 2024 (2024)

Risk

Category of Fund

AUM

The fund-of-fund scheme that invests in units of BHARAT 22 ETF has no entry or exit loads. Their daily, weekly, fortnightly, and monthly SIP plans start from INR 1,000 and INR 5,000 for quarterly plans. An expense ratio of just 0.12% per annum and a sharpe ratio of 29.88 indicate better risk-adjusted performance; however, moderate losses are possible.

The FOF scheme has delivered 71.53% returns in one year, 41.04% in three years, 22.70% in five years, and 21.82% since inception. This demonstrates the scheme’s ability to deliver long-term value to its investors.

Risk

Category of Fund

AUM

The fund that predominantly tracks the Nifty Midcap 150 TRI benchmark index has more than 73.08% invested in mid-cap and 15.46% in large-cap stocks. The investment is largely focused on IT software (14.60%), consumer durables (13.51%), telecom services (12.34%), finance (11.52%), and auto components (10.40%), among others. The fund has nil entry load but an exit load of 1% if redeemed before one year.

The fund’s direct plan has a minimal SIP investment of INR 500. The expense ratio of the plan as of Apr. 20, 2024, was 0.61% per annum. The SIP scheme has delivered 58.21% returns in one year, 37.07% in three years, 34.73% in five years, and 21.82% since inception. This suggests that the fund has the potential to achieve long-term capital appreciation from investment in quality mid-cap companies.

Risk

Category of Fund

AUM

The equity scheme that tracks the Nifty Smallcap 250 benchmark index has nil entry load, but the exit load is up to 10% of the initial units allotted within one year. The fund states that it finds opportunities for you across sectors primarily based on the performance of small-cap companies and up to 35% in equity and equity-related instruments of other companies.

There are regular and direct plans, and the initial minimum SIP investment is INR 1,000. The direct plan has an expense ratio of 0.61% as of May 16, 2024. Their SIP scheme has delivered an annualized return of 37.94% in a year, 35.76% in three years, and 56.42% in five years. Remember, the Bank of India Small Cap Fund – Direct Plan Growth is a high-risk category fund.

Risk

Category of Fund

AUM

The fund invests in a portfolio of small-cap companies—below the top 250 companies in total market capitalization—to generate better risk-adjusted returns. Between Mar. 24, 2020, and Apr. 30, 2024, the scheme delivered a return of over 845.97%, indicating significant value appreciation to its investors over time.

The minimum SIP investment for the fund is INR 1,000. This investment has delivered 70.53% in a year, 40.77% in three years, 48.92% in five years, and 14.92% since inception. Quant Small Cap Fund – Direct Plan-Growth falls under a very high-risk category, with a beta of 1.10.

Risk

Category of Fund

AUM

The thematic fund is an open-ended equity scheme that tracks the Nifty India Consumption Index. It holds a portfolio across consumer durables (18.33%), retailing (16.58%), and automobiles (13.75%), among other sectors. The fund has nil entry load, and the exit load is 1% if redeemed within one year from the date of allotment. The fund is available in both regular and direct plans. The direct plan has an expense ratio of 0.42%, a beta of 0.84, and a sharpe ratio of 1.30.

The fund rewards patient investors. The SIP investment starts from INR 1,000 and has delivered 31.60% in a year, 23.07% in three years, 23.02% in five years, and 18% since inception.

Risk

Category of Fund

AUM

The multicap open-ended equity scheme invests in a maximum of 30 stocks across market capitalizations with the potential for medium—to long-term growth. These stocks comprise sectors such as financial services, oil, gas, and consumable fuels, fast-moving consumer goods, information technology, and automobile companies. An entry load is not applicable, but a 1% exit load is applicable if units are redeemed within three months.

Their weekly and monthly SIP plans start from INR 500 and INR 1,500 for quarterly plans. The multi-cap SIP scheme has delivered 54% in a year, 29.03% in three years, and 28.48% since inception. The Sharpe ratio of 1.36 indicates a better risk-adjusted performance; however, moderate losses are possible.

Risk

Category of Fund

AUM

The fund that tracks the Nifty 200 Momentum 30 Index doesn’t attract entry and exit loads. The fund is available in both direct and regular plans. The direct plan has a 0.46% expense ratio as of May 30, 2024. Since inception, the tracking error of 0.23 suggests that the scheme closely follows the portfolio’s benchmark performance.

Investors can start the SIP plan with a minimum investment of INR 500. The fund has delivered returns of 76.20% in a year, 28.29% in three years, and 31.26% since inception. This suggests that the fund has the potential to achieve long-term capital appreciation from the performance of the underlying index.