Mutual Fund Sip Schemes - Top Plans 2010

SIP fulfilled dreams of many middle class people. Mutual funds are the best way to invest at present. They yield high profits. There are many fund companies in India. These companies have introduced many best SIP plans in 2010.

List of Plans:

* HDFC Tax Saver scheme - Growth
* ICICI Prudential Tax Plan - Growth
* Fidelity Tax advantage scheme - Growth

Top schemes of various companies are mentioned in many websites. Some of the top companies are listed here below.

Top 10 companies:

1. HDFC
2. SBI
3. Reliance
4. Tata fund
5. DSP Black Rock fund
6. Kotak fund
7. Birla Sun Life Mutual Fund
8. Franklin Templeton Mutual Fund
9. Sundaram BNP Paribas Mutual Fund

These companies have introduced various schemes according to the needs of different people. Systematic investment plan works on the monthly basis. It is similar to savings deposit or recurring deposit. Huge investment amount is broken into smaller pieces. The monthly investment is based on time period of the scheme. So, you can select any scheme which suits your financial status. SBI have introduced many best SIP plans to invest.. Some of the plans are listed here below.

* Magnum Sector Funds Umbrella - Emerging Scheme
* Magnum Midcap Scheme
* Magnum Taxgain Scheme

In the Chota plan of SBI, the monthly investment is 100 rupees. This plan was brought for rural people. SBI Magnum SIP also has many benefits. Magnum Taxgain has tax exemptions below 1 lakh rupees. Low monthly investment, rupee cost averaging and lower per unit acquiring cost are the key benefits of systematic investment plan.

By: Divya Kannan

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