Top 10 best stocks for SIP long term 2024

Hey guys, giving a quick note on doing SIPs.

Just a very quick note for people who are new to my blog my name is Khushal Oza I’ve been working in the investment space for the last  2 years working in Consulting.

[1] In the past, doing SIP on an Index Fund yielded results: for example: if one simply did Index Investing (NIFTY 50, Sensex), they made 12-13% CAGR (last 20 years). The real inflation in the economy was maybe like 7-8% on average.

[2] Now, the situation is: that Index investing is getting popular. And, it would be incorrect on our side to assume that people will make 12-13% CAGR (next 20 years). Even if we do, inflation (real) will definitely not be at 7-8%.

[3] Why? see when anything gets super popular, the retail audience is rarely allowed to make money in it (or at least in real terms). That’s how the world works.

Do anything which is widely popular, you will make average returns.

[4] So going forward, you need to be smart with your SIPs. Gone are the days when people simply did Index investing and got rich. Or investing in blue chip (SIP mode) and getting rich.

[5] Here is a better way to do SIPs.

– Buy Index and blue chip at dips (big amounts)
– Why? b/c see stocks like HUL or HDFC are unlikely to go bankrupt
– NIFTY almost never will
– So if you see a “discount” buy as much as you can
– So these are buy-on-dips stocks/assets

[6] Next, identify better SIP stocks:

– My criteria for identifying these would be: stocks likely to survive for the next 10 years + firms will retain market leader positions
– Example would be something like this:
– Zomato, Nuvama Wealth, BSE Ltd, Jio Fin, IDFC First, etc.
–
10 Stocks for SIP right now:

[1] IDFC First Bank
[2] Nuvama Wealth
[3] SBI Cards
[4] Zomato
[5] Aavas
[6] Clean Science and Tech
[7] Aptus Value Housing
[8] Fine Organic
[9] Max Health
[10] DreamFolks

Please note:
– I see most of these firms going 2-4X in a stable market, in the next 4-5 years; this translates to roughly 20%-35% CAGR.
– Most of these firms have strong ROE, Growing business
– Some firms eg. Zomato have doubled, but from an SIP point of view, b/c it is a growth business, it might make sense to stay put
– This is for slightly risky-prone investors. If you are looking to play too safe, you should avoid many of these firms.

Will I personally be doing SIPs in these? Yes.
I do what I say 🙂

Best Long-Term Stocks to Buy in India for 2024
PS: I am sharing one of the many possibilities for you to do SIPs in some stock. This is not a recommendation that you HAVE TO/MUST adopt this.