Best SIP Mutual Funds Plans to Invest for 10 Years in 2024

The financial landscape is rife with opportunities for those who plan for the long term. In the realm of investments, Systematic Investment Plans (SIPs) have emerged as a popular choice for individuals seeking sustained growth over a 10-year period. This disciplined approach not only facilitates wealth creation but also instills a habit of regular saving. Let’s delve into the best SIP mutual funds poised for stellar 10-year returns in 2024.

Best SIP Plans for 10 Years in India to Invest in 2024

1.) Best SIP Plans for 10 Years in Equity

An excellent choice for investing in company stocks is an equity fund. Here are the top investment plans for a 10-year period to fuel your financial growth.

Sr. No. Fund Name 10 Year Return (%) Investment 1000/Month Total Return
1 Mirae Asset Large Cap Fund 17.61% ₹1,20,000 ₹3,15,635
2 ICICI Prudential Bluechip Fund 14.76% ₹1,20,000 ₹2,32,339
3 HDFC Small Cap Fund 14.76% ₹1,20,000 ₹2,32,339
4 DSP Small Cap Fund 20.75% ₹1,20,000 ₹3,82,363
5 ICICI Prudential MidCap 15.91% ₹1,20,000 ₹2,62,091

2.) Best SIP plans for 10 years In Debt funds

Debt funds invest in stable-income securities, encompassing corporate, government, and various debt instruments such as debentures.

Sr. No. Fund Name 10-year return (%) Investment 1000/Month Total Return
1 Aditya Birla Sun Life Government Securities Fund 9.07% ₹1,20,000 ₹1,95,750
2 ICICI Prudential Gilt Fund 7.89% ₹1,20,000 ₹1,83,023
3 HDFC Dynamic Debt Fund 7.15% ₹1,20,000 ₹1,75,561
4 HDFC Income Fund 7.15% ₹1,20,000 ₹1,75,56
5 Aditya Birla Sun Life Banking and PSU Debt Fund 8.87% ₹1,20,000 ₹1,85,738

3.) Best SIP Plans for 10 Years In Hybrid Funds

A hybrid mutual fund, often referred to as a balanced fund, invests in a combination of debt and equity securities. Allocation adjustments are made based on the fund’s strategy.

Sr. No. Fund Name  10-year return (%) Investment 1000/Month Total Return
1 Aditya Birla Sun Life Equity Hybrid 95 Fund 12.94% ₹1,20,000 ₹2,45,791
2 HDFC Hybrid Equity Fund 15.88% ₹1,20,000 ₹2,94,265
3 HDFC Balanced Advantage Fund 15.00% ₹1,20,000 ₹2,78,657
4 Reliance Balanced Advantage Fund 12.99% ₹1,20,000 ₹2,46,532
5 ICICI Prudential Multi-Asset Fund 14.49% ₹1,20,000 ₹2,70,059

How to Choose the Right SIP:

Before embarking on your SIP journey, consider the following parameters:

  • Investment Objective: Align your investment goals with the fund’s objective, whether it’s short-term gains or long-term wealth creation.
  • Fund House: Research and understand the reputation and decision-making approach of the fund house managing your chosen SIP.
  • Performance: Analyze the historical returns of the fund and compare them with others to ensure it aligns with your financial goals.

Benefits of Investing in SIPs:

Apart from potential returns, SIPs offer:

  • Power of Compounding: Small, regular investments compound over time, leading to substantial returns.
  • Rupee Cost Averaging: SIPs average out the cost return ratio, benefiting regular investors over a prolonged period.
  • Automated Payments: Monthly payments are auto-debited, ensuring consistency and eliminating the need for manual intervention.
  • Emergency Use: SIPs provide flexibility, allowing investors to make one-step withdrawals in case of emergencies.


  1. What are the different best-performing mutual funds? A. Large-cap, small-cap, multi-cap, and equity-linked saving schemes are some of the best-performing mutual funds that can be invested through a SIP.
  2. Can I change the investment amount in SIPs? A. Yes, flexible SIPs allow you to change the investment amount during the tenure based on your cash flow.
  3. What is a long-term SIP? A. SIPs with a tenure ranging from 5-10 years fall under the category of long-term SIPs, typically offering higher returns.
  4. Can I change the tenure of the SIP that I have chosen? A. No, the tenure of the SIP cannot be changed once chosen. However, you can opt for renewal with a different tenure.
  5. Can I choose when to debit my amount? A. No, the withdrawal period depends on the SIP chosen, and the amount is auto-debited on the predefined date, ensuring convenience for investors.

Embark on your investment journey wisely by selecting the best SIP that aligns with your financial goals and risk tolerance. Remember, patience and a long-term perspective are key to reaping the rewards of systematic investment planning.

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Akhilesh Singh

I'm Akhilesh Singh, a versatile blogger exploring diverse topics. My goal is to impart valuable insights and knowledge to my readers, fostering an informative and engaging online community.

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