Best Stocks to Invest in SIP in India

If you want invest in Systematic Investment Plan (SIP) in India, it is best to choose stocks from stable and booming sectors. Look for companies with a good track record and are highly potential for the future.

The following are some of the categories to consider for SIP:

Blue-Chip Stocks:

Blue-Chip stocks are nothing but the companies with stable growth and low risk. These are the shares of large-cap, well-established companies with a good financial history. These are less riskier and good for SIP.

Example: Asian Paints, HDFC Bank, Reliance Industries, TCS, ITC Ltd.

Banking and Finance:

Banks and financial institutions are the backbone of the economy. Investing in best performing banking stocks like HDFC Bank and SBI can be a good choice.

Example: SBI, HDFC Bank, Kotak Mahindra, ICICI Bank

Information Technology (IT Sector):

As we seen in the past years, the IT sector is continuously growing. Investing in this sector is a good choice in these days.

Example: TCS, HCL Tech., Infosys, Tech Mahindra, Wipro

FMCG Sector:

These are the products people use daily, like food, personal care, and other household items. Companies in FMCG sector tend to have stable growth.

Example: ITC, Hindustan Unilever Ltd.

Pharma Sector:

Healthcare is an evergreen sector. Most of the pharma and health related companies have witnesses a great move in Covid time. Not only at the pandemic, pharma companies often provide good returns due to increasing health-related demands.

Example: Cipla, Divi’s Laboratories, Sun Pharma, Dr. Reddy’s