Top 10 Mutual Fund SIPs to Invest in for 2023

Top 10 Mutual Fund SIPs to Invest in for 2023

Mutual Fund SIPs

The SIP is giving great returns this year. This year has come with many financial opportunities that were not there last year. The SIP is going well in the market and people are investing great sums and getting great returns. You can also invest in these plans, and yield great returns if you are planning in SIP. Before doing any type of investment you have to know what a mutual fund is, if not then it can be very unpredictable for you to not know about it.

What is SIP?

The full form of SIP is Systematic Investment plan. In the SIP. an investor has the option of choosing a mutual fund based on their investment and liking. Investors investing in a mutual fund have to invest a fixed sum and this amount is done on regular intervals or a basis. It’s different from other plans where the SIP uses investments that are bit-wise.

The SIP allows the investor to invest according to their needs and wants. They can invest a large sum of money over a period or a small amount of money over a period. All this is based on their financial goals etc.

Mutual Funds provide a lump sum or SIP, both options are available according to the investor’s needs. The best way is still to invest in a small amount or your desired amount every month in SIP.

Understanding the Risks and Rewards of Mutual Fund SIP Investment

Mutual funds can be a great way to yield a great financial amount in the future. But there are instances where the market can be volatile. Although mutual funds do not rely directly on market bearishness or bullishness, we still have to know the basic risks and rewards of Mutual funds’ systematic investment plan and their impacts. Let’s start:

1) Best according to Low capital investors
In some years, we have seen many investors grow in the market. The new investors are generally those who are investing for the first time yet aware of the advantage of investing in the long term.

2) Different goals, Different SIPs
Don’t make the mistake of just investing all your investment amount into one SIP. Instead, divide your investment according to your goals and wants. Maybe you want a shorter period SIP in one area and in another one, you want to spend long term.

3) Invest based on risk tolerance
Mutual Funds are still subject to market risks. Although they are not as risky as equity funds. Invest in Mutual funds and invest in the amount you are ready to risk. Don’t invest or take undue risks where you feel, you cannot take them.

4) Invest in a performance portfolio
Invest in a mutual fund SIP that is performing great. Don’t invest in SIP that is underperforming and not worth investing in.

Also Read: What is a Systematic Investment Plan and how does SIP mutual funds work ?

Common Mistakes to Avoid in Mutual Fund SIPs

Some General mistakes we make when we invest in and finding the best SIP to invest in is the key to yielding great returns later. So, take care of these tips:

1) Have a crystal clear goal
You should have a crystal clear goal of what you want to do with your SIP. You should invest in SIP according to your requirements. You should ask these questions to yourself before you invest in SIP:
Q. Do you want to do capital appreciation or do you want to save tax?
Q. What exactly are your liquidity concerns?
Q. Do you want to invest for Short term goals or long-term goals?
Q. Are you investing to secure your retirement or for your children?
Answer these questions and you will get a clear picture of your SIP investment goals.

2) Investing in the wrong SIP plan

Investing in a plan that is more risk worthy to you or the wrong plan can be a wrong choice. If you have a conservative mindset about SIP and you start investing in equity Mutual fund SIP, it can make you stress more, as these SIP are much more volatile according to the market conditions.

3) Being irregular with SIP
Discipline is a great virtue when you are investing in Mutual Funds. The time to invest is Now! Plus never skipping your SIP helps.

4) Investing with Wrong SIP amount
Invest in SIP considering all the factors like inflation, expenses, and other financial factors. Always think long term and whether you can invest in that SIP for the long term.

Top 10 Mutual Fund SIPs to Invest in for 2023

1) Quant Infrastructure Fund Direct-Growth
One of the best equity mutual funds launched by Quant Mutual Fund. This fund generally comes under equity mutual fund plans.

2) Quant Tax Plan – Direct-Growth
Launched by Quant Mutual fund. This plan aims to invest in equity shares with great capital appreciation.

3) Edelweiss Government Securities Fund
Comes under the category of Debt Mutual fund, this plan relies on investments in debt instruments and the money market for short-term aims.

4) BOI AXA Small Cap Fund Direct-growth
Launched by BOI and AXA is considered under the equity Mutual Fund. This plan relies on investments done in equity related to small-cap companies.

5) ICICI Prudential All Seasons Bond Fund Direct growth
As a Debt Mutual Fund plan under ICICI, the plan is primarily focused on investments from the money market and debt instruments.

6. HDFC credit debt risk debt fund
Also considered under the Debt mutual fund from HDFC mutual fund, this plan focuses on investments from corporate Debt that are below rated and AA.

7) Quant absolute fund
Considered under the hybrid mutual fund by Quant Mutual Fund, this plan majority relies on investments done for long-term capital appreciation along with current income plus equity instruments and fixed income securities.

8) Quant Multi-Asset Fund
Launched by Quant Mutual Fund, considered under Hybrid Mutual Fund. This Mutual Fund SIP relies on three investment instruments i.e Commodity, debt, and equity.

9) Baroda BNP Paribas Aggressive Hybrid Fund
Launched by Baroda BNP Paribas, it’s a Hybrid Mutual Fund, that relies on investments from fixed-income and equity instruments and equity too.

10) UTI Flexi Cap Fund
Considered an Equity Mutual Fund that relies on equity-based perspectives for investment needs from the market.


These are the best SIP to invest in and they will yield great results. Use the above tips and invest today as 2023 is a great time to invest in mutual Fund SIP. Invest Now!

CA Mukesh Gupta
CA Mukesh Gupta
Mukesh Gupta is the founder and director of Wealthcare. He is Fellow chartered accountant, Certified Financial Planner and Certified Public Financial advisor. He is in financial services industry since 1994. He conducts free money management sessions for corporates and associations on topics related to Personal finance. His previous engagement was with Birla Sunlife group. He regularly writes on topics related to Personal finance and occasionally appear on electronic media.

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