Systematic Investment Plan or SIP is one of the most recommended avenues to invest in mutual funds. This kind of mutual funds investment lets you plan your budget as well as expenses in a controlled way. You never need to worry about the ups and downs of the market. One of the top attractions of SIP investments is that the investor can invest in small amounts on a regular basis. If you would like to know which SIP mutual funds are highly recommended for investing in 2020, here are the top picks suggested by ET Money app.

Axis Bluechip Fund Direct Plan-Growth

Axis Bluechip Fund Direct Plan-Growth has a fund size of Rs 9,481 crores. The fund age is 6 years with no lock in period. This fund belongs to open ended growth fund type of large cap category.

Canara Robeco Bluechip Equity Fund Direct-Growth

The total size of Rs 269 crores of Canara Robeco Bluechip Equity Fund Direct-Growth has a fund age of 6 years and there is no lock in period. His mutual fund belongs to open ended large cap category.

20+ Knowledge Sessions & Industry leaders Register Now

Meet Our Speakers

Dr.

Dr. KV Subramanian

Benjamin

Benjamin Pring

Sanjeev

Sanjeev Bikhchandani

Ronnie

Ronnie Screwvala

Nikhil

Nikhil Malhotra

Dan

Dan Schawbel

Also Read: Top Mutual Funds for beginners to invest in 2020

Invesco India Growth Opportunities Fund Direct-Growth

Some of the characteristics of Invesco India Growth Opportunities Fund Direct-Growth include a fund size of Rs 2,107 crores, fund age of 6 years, and no lock in period. This fund comes under large and midcap funds category.

Mirae Asset Large Cap Fund Direct – Growth

Mirae Asset Large Cap Fund Direct – Growth has a fund size of Rs 16,519 crores and a fund age of 6 years. This open ended large cap fund belongs to growth fund category of no lock in period.

DSP Equity Direct Plan-Growth

The total fund size of the DSP Equity Direct Plan-Growth is Rs 3,176 crores. The fund age of 6 years does not have any lock in period. This fund comes under open ended growth fund type of multicap category.

Also Read: Top Performing Mutual Funds in 2019

Kotak Equity Opportunities Fund Direct Growth

Having a fund size of Rs 2,837 crores, Kotak Equity Opportunities Fund Direct Growth fund is an open ended fund with no lock in period. The fund age of this large and midcap fund is 6 years.

ICICI Prudential Bluechip Fund Direct-Growth

ICICI Prudential Bluechip Fund Direct-Growth is a huge SIP mutual fund with a fund size of Rs 24,634 crores. The fund age is 6 years with no lock in period. This large cap fund is an open ended growth fund.

SBI Magnum Multicap Fund Direct-Growth

Some of the top highlights of SBI Magnum Multicap Fund Direct-Growth include a fund size of Rs 8,316 crores, fund age of 6 years and no lock in period. This open ended multicap fund is of growth fund category.

L&T India Large Cap Fund Direct Growth

L&T India Large Cap Fund Direct Growth fund has a fund size of Rs 534 crores. The fund age is 6 years and there is no lock in period for this open ended growth fund.

Aditya Birla Sun Life Equity Fund Direct-Growth

Aditya Birla Sun Life Equity Fund Direct-Growth has a massive amount of Rs 11,857 crores under its disposal. This open ended growth fund has a fund age of 6 years and there is no lock in period for this multicap fund.

A comparative glance at Top 10 SIP Mutual Funds To Invest In 2020
Sl. No.Fund NameFund Size in crores (INR)Returns PercentageReturnsRisk
Axis Bluechip Fund Direct Plan-Growth9,48121.3 HighLow
Canara Robeco Bluechip Equity Fund Direct-Growth26917.3High Low
Invesco India Growth Opportunities Fund Direct-Growth2,10717.1High Low
Mirae Asset Large Cap Fund Direct - Growth16,51916.7High Low
DSP Equity Direct Plan-Growth3,17615.1Highhigh
Kotak Equity Opportunities Fund Direct Growth2,83713.8Highhigh
ICICI Prudential Bluechip Fund Direct-Growth24,63413.7HighLow
SBI Magnum Multicap Fund Direct-Growth8,31613.4HighLow
L&T India Large Cap Fund Direct Growth53413.2LowHigh
Aditya Birla Sun Life Equity Fund Direct-Growth11,85712.2HighMedium

Also Read: How to invest in Mutual funds and grow your money for retirement

Reach out

Find us at the office

Mcevilly- Liposky street no. 40, 55778 Tórshavn, Faroe Islands

Give us a ring

Maliek Elvis
+23 188 845 957
Mon - Fri, 7:00-15:00

Say hello