The SIP is known as the investment option which is offered by the Mutual Funds where people can invest their money in a scheme at regular intervals whether it can be for one month or 3 months. The minimum amount for investing should be at least Rs500 where people can benefit from this in various ways. Now, people need to cultivate the habit of saving their money and try to invest in the best mutual fund for the betterment of their future plans. So, SIP can help the people for setting up a fixed amount that can be saved according to the months or yearly. Below are the best SIP plans for 1 Year.
Quant Liquid Plan
This scheme will provide a good income for consistently without any risk from the portfolio of money market and debt ideas. So, this plan has given 7.4% returns in the past 1 year and 1.7% over the last 3 months. Also, ratings are given upon the low-risk grade and high return grade in India.
SBI Focused Equity Fund
The Mutual Fund will provide the people in this scheme for 1-year capital interest by investing in a concentrated portfolio of equity and related securities. If people are trying to invest Rs 1,000 per month throughout SIP for 1 year then the investment would have been Rs 12,000 and their invested value will be grown to Rs 28,000 at the end of the year.
Kotak Savings Fund
The main goal of this scheme is to provide returns through investments in Debt and money market instruments with an idea for reducing the interest rate of the risk. But the problem is there is no guarantee that the investment objective of the scheme can be achieved or not.
ICICI Prudential Ultra Short-Term Fund
The ICICI Prudential Ultra Short-Term Fund is known as the best SIP plans for 1 Year where the scheme will help in providing the income through the investments in the scope of debt and money market ideas. So, this plan can be a good option for the people who are looking for 1-year options and the fund will give 2.1% returns after completion of the scheme.
Well, there are few other schemes that benefit the people who are trying to invest with the amount. However, the above schemes are the ideal plan to invest in their companies where they can good interest rates in return. Hope that I have covered all the topics in my article about the best SIP plans for 1 Year. Thanks for reading!