Introduction

Investing through a Systematic Investment Plan (SIP) can be a big help for your money future. SIPs let you put in small amounts of money regularly, even if you don’t have a lot of money saved up. In this blog, we’ll look at the top 10 mutual funds for SIP to invest in 2024, focusing on small-cap funds. These funds have given great returns over the last five years.

Why Small-Cap Mutual Funds?

Small-cap mutual funds put money into smaller companies that can grow a lot. They are riskier, but they can also give big rewards. Let’s look at the top 10 mutual funds for SIP to invest in 2024 that you should think about for your investments:

1. Quant Small Cap Fund:
   • 5-Year Return: 40.66%
   • This fund has outperformed its benchmark index, making it an excellent choice for long-term wealth creation.
2. Bank of India Small Cap Fund:
   • 5-Year Return: 33.79%
   • A consistent performer, this fund focuses on quality small-cap stocks.
3. Nippon India Small Cap Fund:
   • 5-Year Return: 32.03%
   • Known for its well-researched stock picks, this fund aims for sustainable growth.
4. Edelweiss Small Cap Fund:
   • 5-Year Return: 30.70%
   • Edelweiss has a strong track record in the small-cap space.
5. Canara Robeco Small Cap Fund:
   • 5-Year Return: 29.82%
   • A fund that balances risk and reward effectively.
6. Tata Small Cap Fund:
   • 5-Year Return: 29.75%
   • Tata’s expertise shines through in this fund’s performance.
7. Kotak Small Cap Fund:
   • 5-Year Return: 28.98%
   • Kotak’s disciplined approach has paid off for investors.
8. Invesco India Smallcap Fund:
   • 5-Year Return: 28.72%
   • A fund that seeks hidden gems in the small-cap universe.
9. Axis Small Cap Fund:
   • 5-Year Return: 28.39%
   • Axis focuses on quality companies with growth potential.
10. ICICI Prudential Smallcap Fund:
    • 5-Year Return: 27.95%
    • A reliable choice for long-term wealth creation.

Conclusion

Before you invest, think about your money goals, how much risk you can handle, and how long you want to invest. Talk to a financial advisor for advice that fits you. Keep in mind that just because a fund did well in the past doesn’t mean it will do well in the future. Happy investing in the top 10 mutual funds for SIP to invest in 2024!