SIP or systematic investment plan may seem like any other simple three-letter word. But this word, which is easy to remember, spell and pronounce, has now become an intrinsic part of any conversation related to investments. And when we talk of SIPs, a discussion on the best mutual funds (MFs) is obvious.
In fact, the pace of acceptance of MFs has gone up drastically in India in recent years. The ₹43.20 lakh crore industry has witnessed a remarkable rise in the number of investor accounts. From December 2014 to March 2023, the number of investor accounts has increased from 40.3 million to 145.7 million. Though the numbers have grown consistently, a spurt was seen in the last two years as the industry added a little more than 50 million accounts from June 2021 to March 2023. This surge in investor accounts reflects the growing awareness and acceptance of mutual funds as a preferred investment avenue among Indian investors.
Most of such subscribers usually invest through distributors-online platforms or agents and may not have the wherewithal to cross-check whether the choice their agents have made on their behalf is right. Outlook Money's India's Best Funds 2023 issue can play a crucial role by arming them with information and analysis that can help them evaluate funds.
The issue gives the corpus and return figures of the key categories across equity, hybrid and debt segments along with separate analysis of all the 5-star rated funds in each category. We have added the returns of the three- and five-year SIP performance of these 5-star rated funds to give a more comprehensive picture to you.
WHY WE DID IT?
This story is from the July 2023 edition of Outlook Money.
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This story is from the July 2023 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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