There is a lot of buzz as to which are the best SIP plans of 2017 to invest. Well, “best” is subjective as per the need and want of every individual. The following post covers 9 best SIP plans of 2017, as per different risk profile and time horizon.

UPDATE: A new list of best SIP plans has been made for the year 2018. Click here to see the 10 best SIP plans for 2018. 

The following table talks about different sub-categories suitable as per different risk profile and time horizon.

 

 

Investment Horizon/ Risk Profile 1 Year 3 Year 5 Year
Low Liquid Fund or Ultra Short Term Short Term or Ultra Short Term Balanced(Equity) or Large Cap
Medium MIP or Short term ELSS Large Cap
High Balanced(Equity) or large-Cap Mutli-Cap or Small Cap Small or Mid Cap

9 Best SIP Plans of 2017 In India

 

1 of 9- Liquid Fund or Ultra Short term (1-year very low risk)

These schemes invest predominantly in debt securities with a maturity of up to 3 years. The composition includes corporate and PSU bonds.

 

 

2 of 9- Debt Monthly Income Plan (1-year low risk)

The objective of the scheme will be to provide regular income, liquidity and attractive returns to the investors through an actively managed portfolio of debt, equity, and money market instruments.

 

 

3 of 9- Balanced(Equity) or large-Cap(1-year high risk)

Balanced Funds are a kind of mutual fund scheme where funds are invested in equities as well as debt. Equities have 65% while debt has 35%.

 

 

4 of 9- Short Term or Ultra Short Term (3 yr. low risk)

These schemes invest in long-term securities issued by government or corporates. These funds can see greater volatility in returns based on the value of the securities.

 

 

5 of 9- Equity Linked Savings Scheme (3 yr. medium risk)

ELSS falls under a particular area of Income Tax called as 80C, wherein you are permitted to contribute up to 1.5 Lakhs for every annum in ELSS or some other particular venture alternatives like Life Insurance Premium, PPF, EPF and so forth.

These schemes offer Additional benefit in which the amount invested in any scheme or any other investment option specific under section 80C (up to 1.5 lakhs) is deducted from your annual income.

 

 

6 of 9- Large Cap (3 yr. high risk)

These schemes invest significantly in large-cap and blue chip companies which are market leaders in their industry and sectors.

 

 

7 of 9- Balanced- Equity Oriented or Large Cap(5 yr. low risk)

To generate income by creating a portfolio that is invested in debt, money market instruments and equity and equity related securities.

 

 

8 of 9- Multi Cap or Mid Cap (5 yr. medium risk)

These funds invest in all sub-category of stocks be it Large cap, mid cap or small cap. Their main aim is to diversify across sectors.

 

 

9 of 9- Small and Mid-Cap (5 yr. high risk)

These schemes pick very small companies with a market cap. of less than Rs 2000 Crores. Although these schemes are of high risk. Although the returns are also high.