Best Banks for SIP Investments in India

Last Updated : June 27, 2025, 4:06 p.m.

Systematic Investment Plans (SIPs) are a popular way to invest in mutual funds, offering disciplined wealth creation with the flexibility to start small. In 2025, many banks in India provide seamless platforms to invest in SIPs, combining ease of access, expert guidance, and robust digital tools.

Why Choose a Bank for SIP Investments?

Banks offer user-friendly platforms to start and manage SIPs, often integrating mutual fund investments with your savings or demat account. Benefits include:

• Convenience : Manage SIPs through mobile apps or net banking.
• Wide Fund Selection : Access to top mutual fund houses like SBI Mutual Fund, HDFC Mutual Fund, and ICICI Prudential.
• Low Entry Point : Start SIPs with as little as ₹100 per month.
• Expert Support : Financial advisors and research tools to guide investment decisions.
• Safety : Regulated by RBI and SEBI, ensuring secure transactions.

Below, we highlight the top banks for SIP investments in India for 2025, based on platform usability, fund variety, and additional features.

Top Banks for SIP Investments in India 2026

HDFC Bank: Best for Digital Convenience

HDFC Bank offers a robust platform for SIP investments through its Investrack app and net banking.

• Minimum SIP Amount : ₹100 per month.
• Fund Options : Partners with top AMCs like HDFC, ICICI Prudential, and Aditya Birla Sun Life.
• Key Features : One-click SIP setup, portfolio tracking, and goal-based investment tools.
• Charges : No additional fees for SIP transactions; demat account charges may apply.
• Eligibility : Existing HDFC Bank customers with savings or demat accounts.

ICICI Bank: Best for Diverse Fund Options

ICICI Bank’s i-Mobile app and net banking platform make SIP investments seamless, with access to a wide range of mutual funds.

• Minimum SIP Amount : ₹100 per month.
• Fund Options : Over 1,000 mutual fund schemes from ICICI Prudential, SBI, and Franklin Templeton.
• Key Features : Automated SIP scheduling, portfolio health check, and tax-saving ELSS funds.
• Charges : Free SIP transactions; demat charges for non-ICICI customers.
• Eligibility : Open to savings account holders or new customers with KYC.

State Bank of India (SBI): Best for Beginners

SBI’s YONO app offers an intuitive platform for SIP investments, ideal for first-time investors.

• Minimum SIP Amount : ₹500 per month.
• Fund Options : Access to SBI Mutual Fund and other top AMCs like Nippon India and UTI.
• Key Features : Goal-based SIPs, tax-saving ELSS options, and free investment advisory.
• Charges : No transaction fees for SIPs; demat charges may apply.
• Eligibility : SBI savings account holders with active net banking.

Axis Bank: Best for High Returns

Axis Bank’s mobile app and Axis Direct platform offer a seamless SIP experience with high-performing funds.

• Minimum SIP Amount : ₹100 per month.
• Fund Options : Partners with Axis Mutual Fund, Kotak, and Mirae Asset.
• Key Features : Smart SIP options (step-up SIPs), portfolio analytics, and instant redemption for select funds.
• Charges : Free SIP setup; demat or platform fees may apply.
• Eligibility : Open to Axis Bank customers or new demat account holders.

Kotak Mahindra Bank: Best for Personalized Advisory

Kotak Mahindra Bank offers tailored SIP solutions through its 4-in-1 account (savings, demat, trading, and mutual funds).

• Minimum SIP Amount : ₹100 per month.
• Fund Options : Kotak Mutual Fund, HDFC, and DSP mutual funds.
• Key Features : Personalized portfolio recommendations, step-up SIPs, and tax-saving options.
• Charges : No SIP transaction fees; demat charges applicable.
• Eligibility : Kotak savings or demat account holders.

IDFC First Bank: Best for Low-Cost SIPs

IDFC First Bank provides a cost-effective platform for SIP investments with a focus on digital ease.

• Minimum SIP Amount : ₹100 per month.
• Fund Options : Access to IDFC, Parag Parikh, and other top AMCs.
• Key Features : Zero transaction fees, real-time portfolio tracking, and ELSS for tax savings.
• Charges : Free SIP investments; demat charges may apply.
• Eligibility : Open to savings account holders with KYC compliance.

Bank of Baroda: Best for Rural Investors

Bank of Baroda’s BOB Wealth app and branch network make SIPs accessible, especially in semi-urban and rural areas.

• Minimum SIP Amount : ₹500 per month.
• Fund Options : Baroda BNP Paribas, SBI, and other AMCs.
• Key Features : Tax-saving ELSS SIPs, goal-based planning, and branch support.
• Charges : No SIP fees; demat or platform charges may apply.
• Eligibility : Savings account holders or new customers with KYC.

How to Choose the Best Bank for SIP Investments?

When selecting a bank for SIP investments, consider these factors:

• Minimum Investment : Banks like HDFC, ICICI, and IDFC allow SIPs from ₹100, ideal for beginners.
• Fund Variety : Choose banks with diverse AMCs (e.g., ICICI, Axis) for better portfolio diversification.
• Platform Usability : Opt for banks with intuitive apps like HDFC’s Investrack or SBI’s YONO.
• Fees and Charges : Look for zero-transaction-fee platforms like IDFC or Kotak.
• Advisory Services : Banks like Kotak and ICICI offer personalized guidance for informed decisions.
• Tax-Saving Options : Prioritize ELSS funds for deductions under Section 80C.

Use an SIP calculator to estimate returns based on investment amount, tenure, and expected rate of return (typically 10%–15% for equity funds).

Conclusion

SIPs are an excellent way to build wealth systematically, and banks like HDFC, ICICI, SBI, Axis, Kotak Mahindra, IDFC First, and Bank of Baroda offer robust platforms to start your investment journey in 2025. With low entry points, diverse fund options, and user-friendly digital tools, these banks cater to both novice and seasoned investors.