Best Mutual Funds for SIP in India in October 2026
What is a SIP?
A SIP (systematic investment plan) is a way of investing in a mutual fund by putting in a fixed amount at regular intervals, usually every month, instead of one large sum. The money is taken from your bank account on a date you choose and used to buy units of the fund at that day's net asset value (NAV).
A SIP is not a type of fund. It is a way of buying one. This page lists ten equity funds that investors commonly use for SIPs.
- Categories covered
- 5
- Funds in these categories
- 160
- Average 1-year return
- 2.74%
- Average 3-year return
- 12.52%
Direct plans, as of 30 September 2026
Top mutual funds for SIP in India in October 2026
These 10 funds come two each from five categories that investors commonly use for a SIP, which are large cap, large & mid cap, flexi cap, multi cap and mid cap. They are shown in no particular order, and their ranks are available only in the Blacklitt app. Each fund's category is shown under its name. Tap a fund to see its rank.
| Fund | 1Y return | 3Y return | Expense ratio | Fund size |
|---|---|---|---|---|
 Bajaj Finserv Flexi Cap FundFlexi CapRank: App exclusive | 5.59% | 15.89% | 0.47% | ₹8,655 Cr |
 Nippon India Large Cap FundLarge CapRank: App exclusive | −5.61% | 9.78% | 0.57% | ₹54,134 Cr |
 Bank of India Multi Cap FundMulti CapRank: App exclusive | 12.36% | 16.63% | 0.73% | ₹1,335 Cr |
 WhiteOak Capital Mid Cap FundMid CapRank: App exclusive | 12.32% | 20.33% | 0.43% | ₹7,485 Cr |
 HDFC Flexi Cap FundFlexi CapRank: App exclusive | −1.08% | 14.57% | 0.57% | ₹1,13,606 Cr |
| WhiteOak Capital Multi Cap FundMulti CapRank: App exclusive | 6.16% | 17.50% | 0.49% | ₹4,385 Cr |
 ICICI Prudential Large & Mid Cap FundLarge & Mid CapRank: App exclusive | −0.55% | 13.98% | 0.67% | ₹33,592 Cr |
 Taurus Large Cap FundLarge CapRank: App exclusive | 7.52% | 12.58% | 1.88% | ₹60 Cr |
 Bandhan Large & Mid Cap FundLarge & Mid CapRank: App exclusive | 3.22% | 16.65% | 0.44% | ₹21,020 Cr |
 Edelweiss Mid Cap FundMid CapRank: App exclusive | 6.31% | 19.36% | 0.41% | ₹19,891 Cr |
SIP returns calculator
See what a SIP in one of these funds would have grown to. Choose a fund, a monthly SIP or a one-time lumpsum, an amount and a period.
Between ₹500 and ₹1,00,000.
This fund does not have 5 years of history yet.
- Invested
- Worth
- Total investment
- ₹3,60,000
- Profit
- ₹54,004
- Current value
- ₹4,14,004
This fund has generated an XIRR of 9.28% over the past 3 years.
See this fund in the appYear-by-year numbers
| Year | Invested | Worth |
|---|---|---|
| 1 | ₹1,20,000 | ₹1,51,990 |
| 2 | ₹2,40,000 | ₹2,75,530 |
| 3 | ₹3,60,000 | ₹4,14,004 |
Details of the funds on this list
Let's take a closer look at these funds.
Bajaj Finserv Flexi Cap Fund
- Fund Performance
- The Bajaj Finserv Flexi Cap Fund has given 15.89% annualised returns in the past three years. In the past year it has returned 5.59%.
- Minimum Investment Amount
- The minimum amount required to invest in Bajaj Finserv Flexi Cap Fund via lump sum is ₹500 and via SIP is ₹500.
- Expense Ratio and Fund Size
- The direct plan of Bajaj Finserv Flexi Cap Fund charges an expense ratio of 0.47% a year, and the fund's size is ₹8,655 Cr.
Nippon India Large Cap Fund
- Fund Performance
- The Nippon India Large Cap Fund has given 9.78% annualised returns in the past three years and 12.01% in the last five years. In the past year it has returned −5.61%.
- Minimum Investment Amount
- The minimum amount required to invest in Nippon India Large Cap Fund via lump sum is ₹100 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of Nippon India Large Cap Fund charges an expense ratio of 0.57% a year, and the fund's size is ₹54,134 Cr.
Bank of India Multi Cap Fund
- Fund Performance
- The Bank of India Multi Cap Fund has given 16.63% annualised returns in the past three years. In the past year it has returned 12.36%.
- Minimum Investment Amount
- The minimum amount required to invest in Bank of India Multi Cap Fund via lump sum is ₹5,000 and via SIP is ₹250.
- Expense Ratio and Fund Size
- The direct plan of Bank of India Multi Cap Fund charges an expense ratio of 0.73% a year, and the fund's size is ₹1,335 Cr.
WhiteOak Capital Mid Cap Fund
- Fund Performance
- The WhiteOak Capital Mid Cap Fund has given 20.33% annualised returns in the past three years. In the past year it has returned 12.32%.
- Minimum Investment Amount
- The minimum amount required to invest in WhiteOak Capital Mid Cap Fund via lump sum is ₹500 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of WhiteOak Capital Mid Cap Fund charges an expense ratio of 0.43% a year, and the fund's size is ₹7,485 Cr.
HDFC Flexi Cap Fund
- Fund Performance
- The HDFC Flexi Cap Fund has given 14.57% annualised returns in the past three years and 15.68% in the last five years. In the past year it has returned −1.08%.
- Minimum Investment Amount
- The minimum amount required to invest in HDFC Flexi Cap Fund via lump sum is ₹100 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of HDFC Flexi Cap Fund charges an expense ratio of 0.57% a year, and the fund's size is ₹1,13,606 Cr.
WhiteOak Capital Multi Cap Fund
- Fund Performance
- The WhiteOak Capital Multi Cap Fund has given 17.50% annualised returns in the past three years. In the past year it has returned 6.16%.
- Minimum Investment Amount
- The minimum amount required to invest in WhiteOak Capital Multi Cap Fund via lump sum is ₹500 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of WhiteOak Capital Multi Cap Fund charges an expense ratio of 0.49% a year, and the fund's size is ₹4,385 Cr.
ICICI Prudential Large & Mid Cap Fund
- Fund Performance
- The ICICI Prudential Large & Mid Cap Fund has given 13.98% annualised returns in the past three years and 14.08% in the last five years. In the past year it has returned −0.55%.
- Minimum Investment Amount
- The minimum amount required to invest in ICICI Prudential Large & Mid Cap Fund via lump sum is ₹500 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of ICICI Prudential Large & Mid Cap Fund charges an expense ratio of 0.67% a year, and the fund's size is ₹33,592 Cr.
Taurus Large Cap Fund
- Fund Performance
- The Taurus Large Cap Fund has given 12.58% annualised returns in the past three years and 10.06% in the last five years. In the past year it has returned 7.52%.
- Minimum Investment Amount
- The minimum amount required to invest in Taurus Large Cap Fund via lump sum is ₹500 and via SIP is ₹1,000.
- Expense Ratio and Fund Size
- The direct plan of Taurus Large Cap Fund charges an expense ratio of 1.88% a year, and the fund's size is ₹60 Cr.
Bandhan Large & Mid Cap Fund
- Fund Performance
- The Bandhan Large & Mid Cap Fund has given 16.65% annualised returns in the past three years and 16.07% in the last five years. In the past year it has returned 3.22%.
- Minimum Investment Amount
- The minimum amount required to invest in Bandhan Large & Mid Cap Fund via lump sum is ₹1,000 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of Bandhan Large & Mid Cap Fund charges an expense ratio of 0.44% a year, and the fund's size is ₹21,020 Cr.
Edelweiss Mid Cap Fund
- Fund Performance
- The Edelweiss Mid Cap Fund has given 19.36% annualised returns in the past three years and 17.45% in the last five years. In the past year it has returned 6.31%.
- Minimum Investment Amount
- The minimum amount required to invest in Edelweiss Mid Cap Fund via lump sum is ₹100 and via SIP is ₹100.
- Expense Ratio and Fund Size
- The direct plan of Edelweiss Mid Cap Fund charges an expense ratio of 0.41% a year, and the fund's size is ₹19,891 Cr.
How does a SIP work?
Each month, a fixed amount buys units of the fund at that day's NAV. When the NAV is low, the same amount buys more units, and when it is high, fewer. Over time this averages out the price you pay, which is sometimes called rupee cost averaging.
A SIP does not guarantee a profit or protect you from a loss. If the fund keeps falling, your instalments buy units that are worth less, and the result at the end depends on the fund's return over the whole period.
You can usually start with a small amount, choose the date, and stop or change the SIP later. Check the fund's scheme document for the minimum instalment.
Every fund has an expense ratio, a yearly fee charged as a percentage of its assets. A direct plan has a lower expense ratio than the regular plan of the same fund, because it does not pay a distributor. Many funds also charge an exit load if you sell within a set period, often a year, so check the scheme document before you invest.
Who should invest through a SIP?
Whether a SIP fits you depends on how its benefits and its risks sit with your income, your goals and your comfort with falls.
Benefits of a SIP
- Discipline. The money is invested automatically, so you do not have to remember or decide each month.
- You do not have to time the market. A SIP buys at every price, high and low.
- You can start with an amount you can afford each month.
- Averaging. You buy more units when prices are low, which can lower your average cost.
Risks of a SIP
- Market risk. A SIP in an equity fund can lose money, especially over a short period.
- In a market that rises steadily, a lumpsum invested at the start could have done better than a SIP.
- A SIP only works if you keep going. Stopping after a fall locks in the loss.
- Returns are not guaranteed, and a fund that did well in the past may not do so again.
In short, a SIP makes investing regular and easier to stick to, but it does not remove market risk. It suits investors who earn regularly, want to build a habit and can keep investing through falls.
Who a SIP may suit
- Investors with a regular income who want to invest a part of it every month.
- Investors with goals five years or more away, because equity funds need time to recover from falls.
- Investors who would rather not decide when to invest.
Who should be careful
- Investors who will need the money within a few years, because a fall close to the time they need it may not have time to recover.
- Investors who may not be able to continue the SIP through a fall or a lean month.
- Investors who expect a SIP to guarantee returns.
Taxation on SIPs
Each SIP instalment is a separate purchase with its own purchase date, so some of your units can be long-term and some short-term when you sell. When you sell, the older instalments are treated as sold first. The funds on this page are equity-oriented funds, which keep at least 65% of their assets in equity under SEBI's rules, and most hold at least 65% in listed Indian shares, so your gains are taxed as capital gains.
- Short-term capital gains (STCG): if you sell within 12 months, the gain is taxed at 20%.
- Long-term capital gains (LTCG): if you sell after more than 12 months, gains up to ₹1.25 lakh in a financial year are tax-free. Gains above that are taxed at 12.5%.
The ₹1.25 lakh limit applies to all your equity fund and share sales in the year together, not to each fund.
Tax rules can change, so check the current rules or ask a tax adviser before you sell.
Frequently asked questions
What is a SIP?
A SIP is a way of investing a fixed amount in a mutual fund at regular intervals, usually every month, instead of investing one large sum. It is a way of buying a fund, not a type of fund.
How much do I need to start a SIP?
The minimum differs from fund to fund, and many funds let you start with a small monthly amount. Check the scheme document of the fund you are interested in.
Is a SIP better than a lumpsum?
A SIP spreads your purchases across many months, so you do not put everything in at one price. This can smooth out the effect of a volatile market. A lumpsum invests everything at once. Neither is always better, and the returns calculator above lets you compare how each would have turned out for a fund in the past.
Can I stop a SIP?
In most funds you can stop, pause or change a SIP. There may be an exit load if you sell units within a set period, so check the scheme document.
What happens to my SIP if the market falls?
Your instalments buy more units at the lower price, which can help over a long period, but there is no guarantee. Stopping after a fall locks in the loss, so a SIP works best if you can keep going.
Which fund categories suit a SIP?
Investors commonly use large cap, large & mid cap, flexi cap, multi cap and mid cap funds for SIPs. The right one depends on how much risk you can accept and how long you can invest.
How are SIP returns taxed?
They are taxed as equity funds: 20% on gains from units sold within 12 months, and 12.5% on gains above ₹1.25 lakh in a financial year from units sold after 12 months. Each instalment is a separate purchase, so the older ones may be long-term while the newer ones are still short-term.
Which is the best mutual fund for SIP?
There is no single best fund for everyone. The list above shows 10 funds in no particular order. To see their ranks, open the Blacklitt app.
Disclaimer
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
The funds on this page are shown for information and education, with figures as of 30 September 2026. Past performance does not indicate future returns. This is not personalised investment advice or a recommendation to buy or sell any fund, so check that a fund suits your own goals, time horizon and risk appetite, or speak to an adviser, before you invest.
Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
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