Top 7 SIP Mutual Funds in 1 Year: What Rs 10,000, Rs 15,000, and Rs 20,000 SIPs have given in each fund

Systematic investment plan (SIP) is a preferred choice for most mutual fund investors as it allows them to invest small amounts systematically through monthly instalments. The investors can increase and decrease the SIP amount and can also stop it whenever they want. The minimum investment in some mutual funds is as low as Rs 100. The majority of mutual funds offer a minimum SIP investment of Rs 500. SIP investment has one advantage over lump sum investment: investors don't need to time the market. Since they purchase net asset value (NAV) units every investment cycle, they buy them at different rates.

When the market is up, they buy fewer units, and when the market is down, they buy more units. It is known as rupee cost averaging and may help one recover losses in the long run.

With a sharp rise in the share market in the last one year, many mutual funds have given SIP returns (XIRR) of more than 30 per cent.

Here's a list of the top 7 SIP mutual funds and what Rs 10,000, Rs 15,000, and Rs 20,000 SIPs in each fund has given in the one-year period.

Quant Large and Mid Cap Fund

This large and mid-cap fund is head above shoulders with the rest of the lot with 67.29 per cent returns in the one year period.

Its benchmark, NIFTY Large Midcap 250 Total Return Index, has given a 41.18 per cent return in the same period.

The fund has an asset under management (AUM) of Rs 2,611.50 crore, while its NAV is worth Rs 127.6491. SIPs of Rs 10,000, Rs 15,000, and Rs 20,000 have given Rs 1.60 lakh, Rs 2.40 lakh, and Rs 3.20 lakh, respectively.

Quant Active Fund

The fund in the No. 2 position has given an XIRR of 51.06 per cent in the one year.

Its benchmark, Nifty 500 Multicap 50:25:25 Total Return Index, has given a 42.53 per cent return in the same period.

The fund's AUM is Rs 9,591.75 crore, while its NAV price is Rs 709.7111.

SIPs of Rs 10,000, Rs 15,000, and Rs 20,000 have given Rs 1.51 lakh, Rs 2.26 lakh, and 3.02 lakh, respectively.

Quant Focused Fund

Quant has the first three spots in the list with its focused fund giving 48 per cent returns in a year.

Its NIFTY 500 Total Return Index has given a 34.79% return in the same duration.

The fund's AUM is Rs 917.04 crore, while its NAV is worth Rs 92.8186.

SIPs of Rs 10,000, Rs 15,000, and Rs 20,000 have given Rs 1.49 lakh, Rs 2.24 lakh, and 2.98 lakh, respectively.

Kotak Equity Opportunities Fund

The large and mid cap fund from Kotak has given 45.11 XIRR in the one-year period.

It has beaten its benchmark, NIFTY Large Midcap 250 Total Return Index, which has given a 41.18% return in the same time frame.

Its AUM is Rs 21,892.48 crore, while the NAV rate is Rs 348.2260.

SIPs of Rs 10,000, Rs 15,000, and Rs 20,000 have given Rs 1.47 lakh, Rs 2.21 lakh, and 2.95 lakh, respectively. 

Parag Parikh Flexi Cap Fund

The only flexi cap fund in the list has given SIP returns of 35.26 per cent in the one year.

Its benchmark, NIFTY 500 Total Return Index, has given a return of 34.79 per cent in the same period.

The fund's AUM is Rs 65,546.48 crore, while its NAV size is Rs 77.6977.

SIPs of Rs 10,000, Rs 15,000, and Rs 20,000 have given Rs 1.42 lakh, Rs 2.13 lakh, and 2.83 lakh, respectively. 

Canara Robeco Emerging Equities Fund

Another mid and large cap fund in the list has given returns of 32.56% in the one-year period.

The fund's AUM is Rs 21,334.48 crore, while its NAV is Rs 247.2500.

Its AUM is Rs 21,892.48 crore, while the NAV rate is Rs 348.2260. SIPs of Rs 10,000, Rs 15,000, and Rs 20,000 have given Rs 1.40 lakh, Rs 2.10 lakh, and 2.80 lakh, respectively.

Mirae Asset Mid and Large Cap

The last mutual fund in the category has an XIRR of Rs 32.13 per cent in the one year.

It has an AUM of Rs 34,904.00 crore, while the size of its NAV is Rs 34,904.00. SIPs of Rs 10,000, Rs 15,000, and Rs 20,000 have given Rs 1.40 lakh, Rs 2.10 lakh and 2.80 lakh, respectively.