In fiscal 2024, the growth of Systematic Investment Plans (SIPs) in India has been remarkable, reflecting a surge in retail participation in mutual funds.
Net inflows reached nearly ₹2 lakh crore, up from ₹1.55 lakh crore in the previous year. Monthly contributions hit new highs throughout the year, crossing ₹21,000 crore in June and reaching ₹25,323 crore in October. In November, contributions remained steady at ₹25,320 crore, with SIP accounts surpassing 10.22 crore, adding 10.32 lakh new accounts. This consistent growth highlights the increasing popularity of SIPs as one of the preferred investment options for wealth creation in India.
There are several types of SIP mutual funds and large-cap SIPs are one of the popular investment choices. These SIPs invest in large-cap companies and can be ideal for conservative investors looking for steady growth, as they leverage the financial strength and market dominance of blue-chip companies.
As the year 2024 comes to an end, we look at the most bought large-cap SIPs on Angel One in the year.
| Scheme Name | AUM (₹ in crore) | NAV (₹) |
| Nippon India Large Cap Fund | 35,313.48 | 98.87 |
| ICICI Prudential Bluechip Fund | 63,938.03 | 116.91 |
| SBI Blue Chip Fund | 50,502.29 | 99.54 |
| Aditya Birla Sun Life Frontline Equity Fund | 29,323.25 | 567.16 |
| Nippon India Large Cap Fund | 35,313.48 | 98.87 |
| Kotak Bluechip Fund | 9,497.92 | 643.46 |
| Canara Robeco Blue Chip Equity Fund | 14,823.66 | 71.22 |
| HDFC Top 100 Fund | 36,587.24 | 1,209.5 |
| Axis Bluechip Fund | 33,547.36 | 68.45 |
| Navi Large Cap Equity Fund | 318.75 | 43.02 |
Source: Angel One
Note: NAV and AUM data taken as of December 17, 2024.
Criteria: Most bought large-cap SIPs are listed based on the count of orders received from January 1 to December 17, 2024. These are provided only for informational purposes.
It is important to note that the above schemes are the most invested ones on Angel One. These are not recommendations.
You should do your own research before investing in stocks and mutual funds. Consider your financial goals, risk appetite, etc. or consult a financial advisor.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. This does not constitute a personal recommendation/ investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
The securities/scrip mentioned are for informational purposes only and not for recommendation.
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