SIP flows top Rs 10,000 cr in September; Top 7 schemes to invest from Sharekhan

September mutual fund data has many things for the mutual fund industry and equity markets to cheer about. The overall asset under management (AUM) grew to a record near Rs 37 lakh cr in September supported by Rs 10,000 cr of flows seen from Systematic Investment Plans (SIP) for the first time.

Driven by a push from retail investors, flows via SIP into Indian equity markets increased from Rs 9900 cr in August to Rs 10,000 cr in September, according to AMFI data. Source: Pixabay

Equities as an asset class have been able to outperform most traditional asset classes; hence, return-hungry investors are increasing allocation towards equities every month which is positive for Indian markets.

The S&P BSE Sensex rose by over 25 percent while the Nifty50 rallied nearly 28 percent so far in the year 2021. Equity markets have been resilient amid muted global cues, US rate hike fears as well as rising concerns around the energy crisis.

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Experts are of the view that risks arising out of the energy crisis will be transitory, and the long-term story of Indian markets remains intact.

With lower yields in debt instruments incl Banks FDs and flat returns in Gold, equity is a preferred asset class, suggest experts. Dips, if any, should be used to buy into quality stocks or increase allocation towards equities.

“For long-term equity investors, risks pertaining to global factors pertaining to rising energy prices, continuing semiconductor shortages, and new supply-side disruptions may be transitory,” Aashwin Dugal, Co-Chief Business Officer, Nippon India Mutual Fund, said.

“Good news on the SIP front continues with monthly input value finally crossing Rs. 10,000 cr in September. This is heartening as this is a significant jump from Rs.8,000 the SIP book had shrunk to a year back. This clearly highlights improving appetite from retail as well as HNIs,” he said.

Top picks:

Sharekhan identified 7 schemes that have given a CAGR of 18-20 percent in the last 5 years. If investors would have invested a minimum of Rs 1000 every month for 5 years (total amount Rs 60,000) would have now grown to Rs 90,000-Rs 100,000.

The MF research team at Sharekhan follows a comprehensive approach of looking at the Quantitative and Qualitative parameters of funds to ensure you receive quality recommendations.

Top SIP fund schemes according to Sharekhan include Canara Robeco Bluechip Equity Fund, Kotak Bluechip Fund, UTI Mastershare, Axis Bluechip, Mirae Asset Large Cap Fund, ICICI Prudential Bluechip Fund, and BNP Paribas Large Cap Fund.

Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.

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