The SIP is known as investing options where people will invest in Mutual funds for a certain period of time. However, the minimum amount for investing in the mutual funds is Rs 500 and people can benefit from this in many ways. So, people can start making a habit of saving their money and invest in a good mutual fund when they are investing in the long term that can be more than 10 years. Therefore, SIP will help in setting up a fixed amount that can be saved for a yearly basis. Below are the best sip plan for 20 years.
ICICI Prudential Blue Chip Fund
This plan will help to generate long term capital and income to investors where they have invested their money in large-cap companies. The ICICI Fund has given 13% interest in the last 10 years, 8% annualized returns in the past 5 years and 7% annualized returns in the past 3 years. The main reason for investing in this plan is that the company has performed well in the last 10 years or investors are seeking this company to invest in large-cap segments.
Aditya Birla Sun Life India GenNext Fund
This scheme will target the growth of the capital by investing in equity-related instruments of companies which are expected to benefit the people in India. The company has the idea where they can invest that has the following characteristics. In that case, this company can invest in companies that seek growth in revenues that are in demand from the younger generation for the products or services. So, the returns are based on the CAGR (compound annual growth rate) as per the duration of years.
SBI Focused Equity Fund
This plan will help the investor with an opportunity of investing in long term appreciation where it is related to equity and equity-related securities. So, this scheme has given 17% returns in the past 10 years and 11% returns in the last 5 years. The SBI Focused Equity Fund is the best sip plan for 20 years and the ideal plan for SIP to invest from the midcap segment.
There are few other plans to invest in SIP for long term purposes which help the investors in their future. However, the above plans are the ideal companies to search for where the investors get good returns. Hope that I have covered all the topics in my article about the best sip plan for 20 years. Thanks for reading!