Systematic investment plans (SIPs) across several major equity fund categories deliver positive returns over the past two years, according to reporting that tracks performance against both SIP returns and benchmark indices. Small-cap funds record the strongest average two-year SIP gains, while other categories such as midcap and multi-asset allocation funds also post solid results.
The sources agree that most fund categories generally outperform their respective benchmark indices, with the exception of large-cap funds in the comparison. Small-cap funds lead with an average return of 14.25% over two years, followed by multi-asset allocation funds at 8.51% and midcap funds at 7.85%. Multi-cap funds average 6.25%, while large-and-mid-cap and flexi-cap funds each average 4.13% and 3.83% respectively; focused funds average 3.79%.
They also point to a rise in retail participation. Monthly SIP contributions increase by about 37% between August 2024 and August 2026, from Rs 23,547 crore to Rs 32,297 crore, indicating stronger inflows during the period.
