24/11/2015 Top 15 Best Equity Mutual Fund SIPs for 2015

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Top 15 Best Equity Mutual Fund SIPs for 2015December 29, 2014 by Sreekanth Reddy — 1,077 Comments

Mutual Funds are the best tools for long term wealth creation. But, the challenge is to identify good

and top performing mutual funds that can help you in achieving your Financial Goals. There are

hundreds of mutual fund schemes which are available in the market. Besides this, there are plethora

of NFOs (New Fund Offers, new schemes) which keep hitting the market. Identifying good mutual

fund for long term investment is not an easy task.

‘Wealth creation’ is like Test cricket where a quick fifty or

hundred may not always win you a game. You need the

solidity and consistency of a Rahul Dravid or a Laxman

more often than the flamboyance of a Sehwag to be able to

emerge victorious over the five days.

A ‘good mutual fund scheme’ is one that consistently

manages to outperform the Category it belongs to and

also its Benchmark. I have tried my best to identify top

performing and best Equity Mutual Fund SIPs (Systematic Investment Plans) that you can choose to

invest in 2015. 

Kindly remember, you first need to identify your investment objective, time horizon of investment

and risk appetite to arrive at your Investment Plan. Equity Mutual Funds are risk oriented products.

Invest in these top performing mutual funds through SIPs (or lump sum) if your time horizon is

atleast 5 or more years.

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Methodology to select Top Equity MF for SIPs :

I have judiciously followed the below points to shortlist the best equity mutual funds :

Returns : I have shortlisted these top performing equity MFs based on SIP returns (using SIP

Returns Calculator of Moneycontrol.com). I have considered monthly SIP.

Another factor is ‘the age of the fund’. How long has the mutual fund been in existence? That

gives us a chance to look at its performance over long periods of time. Funds with a good track

record for the last 5 to 10 years have been preferred.

Risk Vs Return : Some funds may generate very good returns but at the cost of very HIGH

RISK. We need to look at risk-return trade off also. I have spent good amount of time on

checking some of the important ratios to measure risks of mutual funds. These are like

Standard Deviation, Alpha, Beta, Sharpe Ratio and overall Risk grades of the funds.

 (What is Standard Deviation ? Standard deviation is a very important statistical measure to

analyze the range of a fund’s performance. When a fund has a high standard deviation, its

range of performance has been very wide, indicating that there is a greater potential for

volatility.Higher the Standard Deviation higher the fluctuations/volatility in returns. A Fund

which can generate high returns consistently with low SD is a good one)

(Ratios to measure risk of a mutual fund : A good Mutual Fund ideally should have Low

Standard Deviation, High Alpha, Low Beta and High Sharpe Ratio)

I have also considered Expense Ratio (in % terms) as one of the factor. (What is Expense ratio?

Expense ratio shows the amount that mutual funds charge for managing the investors’ money)

I have also checked the current investment portfolios of all these funds.

I have not considered the STAR ratings of funds provided by Ranking agencies. Usually these

star ratings reflect the short term (1 or 2 year’s) performance of the funds.

The primary sources of information are valueresearchonline.com and  Moneycontrol.com.

I have tried to identify top performing mutual funds based on the Fund Categories like Large

cap, Diversified, Small & Mid-cap, Balanced and Tax saving (ELSS)

15 Top Performing Equity Mutual Fund SIPs in India

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Let us now look at some more details of each of the fund categories.

Top 3 Best performing SIP Large Cap Equity Mutual Funds :

There are roughly around 148 Large cap oriented Equity mutual fund schemes.  The average returns

of this fund category over a 5 year period is around 10.67% (as per valueresearchonline.com). UTI

Equity Fund and ICICI Prudential Focused Bluechip funds have LOW risk grades. Also, the standard

deviation for both of the funds are on the lower side.Both these funds have high Alpha (Alpha is a

measure of performance on a risk-adjusted basis. The excess return of the fund relative to the return

of the benchmark index is a fund’s alpha).

The other nearest competitors for these funds are HDFC Top 200 (lost due to high Standard

Deviation), Franklin India Blue chip Fund, Birla Sunlife Frontline Equity Fund and ICICI Top 100 fund.

3 Top Performing Diversified Equity Mutual Funds for SIP :

24/11/2015 Top 15 Best Equity Mutual Fund SIPs for 2015

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This fund category can also be called as Multi-cap or Large & Mid-cap oriented. The average returns

of this fund category is around 13% for the last 5 year period. There are around 183 schemes in this

category. Most of these funds have a slightly higher exposure to mid-cap companies. ICICI Prudential

Dynamic has lower Standard deviation when compared to other two funds. HDFC Capital Builder fund

has high Alpha.

The other good performing funds in this category are Franklin India High Growth Companies Fund

and Mirae Asset India Opportunities Fund. Both these funds are relatively new entrants but are worth

to track.

 Top 3 Best Small & Mid-cap Mutual Funds for SIP :

There are around 120 schemes in this fund category. The average category returns are around 18% in

the last 5 years. HDFC Mid-cap opportunities fund has LOW risk grade. Franklin India Smaller

Companies Fund has very high Aplha.  It has generated 21.88% (CAGR) returns in the last 10 years.

The other good funds in this category are IDFC Premier Equity Fund (Regular Plan), ICICI Prudential

Value Discovery Fund and DSP Blacrock Micro Fund.

 Top 3 Best Balanced (Equity oriented) Mutual Funds for SIP :

49 schemes are available in this category. The average category returns are around 12.75% in last 5

24/11/2015 Top 15 Best Equity Mutual Fund SIPs for 2015

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years. HDFC Balanced Fund has one of the lowest expense ratios. ICICI Prudential Balanced Fund

(Regular Plan) has very low standard deviation, a very high Alpha & Sharpe ratio. The best alternate to

HDFC balanced can be HDFC Children’s Gift Fund (Investment Plan).

(Visit my post for detailed analysis of ‘Top & Best Balanced Funds.”)

Top 3 Best Tax saving (ELSS) Mutual Funds for SIP :

We have 90 schemes in ELSS Fund category. 13% is the average category returns in 5 years. Franklin’s

and ICICI’s ELSS plans have been consistently performing well.  Franklin India Tax shield fund has one

of the lowest standard deviations and also a very low BETA. Axis long term equity fund though a new

entrant, has LOW risk grade with a very high ALPHA. Off-late Reliance Tax Saver Fund has been

performing well but it has a very high SD (infact the highest SD in ELSS category).

(You may like reading my article on ELSS Funds – “Top 5 Tax Saver ELSS Mutual Funds to invest in

2015.”)

Some Important Points to ponder about Mutual Fund (SIP) Investments :

I have tried to list some of the best performing equity mutual funds here. There is no necessity

that you have to have a fund from each category to build a good investment portfolio. Kindly do

not over clutter your portfolio. Select 2 to 3 good funds. That would  be more beneficial

Invest in Equity mutual funds if your time horizon is atleast 10 years. You can opt for Balanced

funds if you time horizon is between 5 to 10 years. Invest for long term goals.

Understand the risks associated with equity mutual funds. Kindly do not invest for quick gains

or based on tips.

Continuously track and monitor your mutual fund portfolio. If possible invest through online

platforms.

Do not time the market. Timing the market is almost impossible. Anytime is good time to invest

in or to start SIPs.

If your funds are generating negative returns, do not panic. Do not redeem or stop SIPs based

on short term market movements. Continue your SIPs as long as possible. You may also

consider increasing your SIP contribution amount on yearly basis. Small investments made at

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regular intervals can yield much better returns over a long period of time.

It is advisable to build a mutual fund portfolio based on your Financial Goals. You may opt for

variety of portfolios of mutual funds for different set of goals.

Opt for Growth option of mutual fund schemes.

If you are new to mutual fund investments then start with Balanced funds. (Visit my post on

“Top Balanced Funds“)

Kindly do not churn your portfolio at regular intervals

Do not expect abnormal returns.

Say NO to New Fund Offers (NFOs).

Last but not the least, remember “Mutual Fund investments are subject to market risks. Past

performance may or may not be sustained in future.”

You might have already invested in mutual funds. You may or may not find your funds in the above

list of top performing Equity mutual fund SIPs. That does not mean your selection is wrong.

Remember, we are selecting good funds out of hundreds of mutual funds schemes.

If you are a DIY (Do It  Yourself) investor, trust your skills and conviction. Keep monitoring the

performance of your investment portfolios. Please share your queries and comments. Cheers!

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Sreekanth Reddy

Man behind ReLakhs.com : I am an Independent Certified Financial Planner, engaged in

blogging, financial counseling & property consultancy for the last 5 years through my firm

ReLakhs Financial Services .I am not associated with any Financial product / service

provider. Main aim of this blog is to "help investors take informed financial decisions."

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Comments

siddhant jain says

November 21, 2015 at 11:15 am

hi sir

i want to invest 5000 in sips for 3 to 5 years

24/11/2015 Top 15 Best Equity Mutual Fund SIPs for 2015

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which fund i choose to invest and trust them

plz guide me

yours faithfully

siddhant jain

Reply

Sreekanth Reddy says

November 21, 2015 at 4:26 pm

Dear siddhant,

You may consider investing in a balanced fund & an aggressive MIP. Allocate may be 75%

to balanced fund.

Ex – HDFC Balanced fund & Birla Sunlife MIP II Wealth 25 plan.

Kindly read;

Best Balanced funds

Best MIP funds.

Reply

lalit says

November 18, 2015 at 3:32 pm

Hi Srikanth,

You are doing commendable job by sharing your expert opinion.

It would be really nice of you if you can review and share your expert opinion for below listed

funds in my portfolio

1) SBI Magnum Global Fund – (MidCap)

2)Hdfc MidCap opportunities Fund (MidCap)

3)ICICI Prudential Value Discovery Fund (Multicap)

4) Franklin India High Grwoth Comapnies Fund (Multicap)

5)HDFC Tax Saver (ELSS)

6) ICICI Prudential Tax Plan (ELSS)

7) UTI Mastershare (Large Cap)

Reply

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Sreekanth Reddy says

November 18, 2015 at 8:07 pm

Dear Lalit,

Having two funds from the same category may lead to unwarranted diversification, which

may not be beneficial.

Suggest you to use ‘MF Portfolio overlap analysis tools‘ to check the extent of overlap and

consider trimming your portfolio.

Also, may i know your investment horizon (time-frame)??

Reply

Lalit says

November 19, 2015 at 12:05 pm

Thanks Sreekanth for your reply. My timeframe is around 8-10 years.

Also given a chance which funds you would like me to opt out from the portfolio.

Reply

Sreekanth Reddy says

November 20, 2015 at 2:16 pm

Dear Lalit,

My picks would be – HDFC Mid-cap, ICICI discovery, ICICI Tax plan.

Reply

vikram sharma says

November 17, 2015 at 11:48 pm

Hello sir,

I am 30 yrs old salaried person. I look forward to invest in mutual funds.

Till now I have not invested in any mutual fund. My financial goals are my daughter’s education

and marriage along with post retirement benefit. pls guide.

Reply

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Sreekanth Reddy says

November 18, 2015 at 12:00 pm

Dear vikram,

Let’s start with ‘Protection Planning’. Kindly let me know if you are adequately insured? Do

you have life & health insurance covers?

Reply

subi says

November 16, 2015 at 1:25 pm

Hello Sir,

I am investing 1000each in birla frontline growth and franklin india smaller companies fund

Now i want to invest another 2000 in another fund for 12 years.and i want to decide buy 100 shares

in future consumer enterprises ltd..

Please suggest my suggetion good or bad?

Thanks & regards

subitha

Reply

Sreekanth Reddy says

November 16, 2015 at 10:21 pm

Dear subi,

You may consider either an Equity Diversified fund or a balanced fund. Ex : Franklin Prima

Plus or HDFC Balanced fund.

Reply

prince kumar says

November 14, 2015 at 2:03 am

Dear sir,

I am new in field of investment. please suggest me sip plan for new user i nvr invest in sip . i want

to invest 5 k per month and my goal for my children study and marriage. i m 28 yr old guy

24/11/2015 Top 15 Best Equity Mutual Fund SIPs for 2015

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professionaly i m engineer. thanks in advance sir.

Reply

Sreekanth Reddy says

November 14, 2015 at 6:56 pm

Dear Prince,

Do you have sufficient life insurance cover?

Suggest you to kindly go through this article – Financial Planning Pyramid – and revert to

me.

Reply

Manoj dubey says

November 13, 2015 at 12:03 pm

Hello Sir,

I am investing 5000 each in ICICI focused bluechip, HDFC Mid cap & HDFC balance fund.

Now i want to invest another 5000 in very high risk sector fund for 10+year and ready to take risk.

I have decided to invest in Pharma sector .

Please suggest which one will best Reliance pharma or SBI pharma.

Thanks & regards

Manoj

Reply

Sreekanth Reddy says

November 13, 2015 at 6:59 pm

Dear Manoj,

I personally do not advice to invest in sector funds. You may be better off investing the

same in existing fund like HDFC Mid-cap.

Else you may consider one diversified equity fund also like Franklin Prima plus.

Reply

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Rosita says

November 12, 2015 at 10:15 pm

Is the returns published annualised returns?

Reply

Sreekanth Reddy says

November 13, 2015 at 6:46 pm

Yes dear Rosita…They are mostly sourced from money-control.

Reply

Premal Bhatt says

November 10, 2015 at 6:29 pm

Hello Sreekanth,

I am interested to invest in Mutual funds in India. I would appreciate if you can point me in the

right direction to initiate such investment process. I reside in the USA.

Thank you.

Reply

Sreekanth Reddy says

November 10, 2015 at 7:24 pm

Dear Premal,

You can either invest directly in DIRECT plans of mutual funds by visiting respective Fund

house websites or you can invest through online platforms like Fundsindia.com or

icicidirect.com

Let them know that you are an NRI .

You may read my article on – How to invest in Direct Plans of Mutual fund Schemes?

Reply

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Shashwat Srivastava says

November 10, 2015 at 12:04 am

Hi Sreekanth,

Thanks for you article. I am planning to start investing in SIPs’. I have been investing in mid and

large cap stocks for a more than 1 year time horizon. I recently moved to the US and have plans to

stay here long term (2-4 years).

Need your advice I must start the SIP investment in my Parents’ name. Also, can I switch my dmat

directly on the name of my father, or should I close the account and open a new one on my dad’s

name. Asking this as I found that, after 6 months of reaching here, I would be an NIR status and

may not be permitted to invest regularly.

Thanks for your help!!

Regards,

Shashwat

Reply

Sreekanth Reddy says

November 10, 2015 at 11:15 am

Dear Shashwat,

Do you mean to say that you would like to transfer the shares in your father’s name?

You can invest in Mutual Funds as an NRI.

What is your investment time-frame for SIPs? When do you require this money? Any

specific financial goal(s) that you have??

Kindly read : NRI status calculator & NRI Taxation rules.

Reply

Shashwat srivastava says

November 11, 2015 at 6:55 am

Thanks Sreekanth!

Sorry for confusion. What I meant to ask is, can NRI’s invest in preferred stocks. I

got the answer on the internet that they can only invest using PIS scheme of RBI. I

think I would need to sell my holdings before 6 months of stay in the US

I want to invest for 15 year time frame. I am going through your other articles to

find a good mix of equity/debt/hybrid funds.

I am 30 years of age and want to save for my retirement at 50 and my kids’

studies/marriage at about same time.

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Thanks for being immensely helpful and sorry for being so naive

Thanks,

Shashwat

Reply

Sreekanth Reddy says

November 12, 2015 at 12:26 pm

Dear Shashwat,

I do not have much knowledge about Portfolio Investment Scheme of RBI.

Below articles can be useful to you, kindly go through them and revert to

me;

Retirement planning goal calculator

Kid’s Education planning

Top Balanced funds

Top MF MIPs.

MY MF Portfolio.

Reply

khush says

November 24, 2015 at 12:05 pm

hello ,i am new to invest in SIP.please help me in which MF i should

invest for 3 to 5 years

Reply

Sreekanth Reddy says

November 24, 2015 at 12:27 pm

Dear Khush,

Kindly go through below articles;

Best MF MIPs,

Best Balanced funds.

How to invest in Direct plans of MFs?

My MF picks.

Reply

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