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Everything You Need To Know About Mutual Funds Sip Calculator
Mutual funds have forever remained one of the favourite investment instruments for all kind of investors, whether they are beginners, conservative or expert investors. Seasoned investors understand the importance of systematically investing in mutual funds, through systematic investment plans or SIPs in which they invest small amounts of money at regular intervals, over a period of time. Such investors typically use an SIP calculator to calculate their returns from these investments. Here’s everything you need to know about mutual funds SIP calculator.
How the SIP calculator works?
The SIP investment calculator is an online tool which helps you compute the absolute value of your investment. You can calculate your SIP by simply following 3 simple steps.
Enter the monthly SIP amount you wish to invest. You can invest a minimum amount of ₹500 in mutual funds through SIP.
Input the rate of return in the SIP return calculator. ...
... You can evaluate the possible return rate on your investment basis the track record of the fund.
Input the tenure of investment in years. It is extremely essential that you determine your investment tenure or the period for which you wish to stay invested. The longer you stay invested in an SIP, the higher the returns you can expect.
You can keep changing the variables in the SIP calculator numerous times to get an estimate of returns that you can earn on your investments.
The use of Sip calculator
An SIP calculator plays an integral role in helping the investor calculate the approximate earnings for a sum of money invested in regular intervals (monthly, fortnightly, quarterly etc.). The calculator also takes your investment tenure into account. It is especially helpful for investors looking to fulfil their long-term investment objectives such as saving for retirement or building a fund for their children’s education, marriage and other similar objectives.
Benefits of using the calculator
There are several benefits of using an SIP return calculator. They are:
It allows you to plan your investments efficiently and strategically
It simplifies complex calculations and helps you make the right investment decisions.
You only need to enter the details, the calculator displays instant results.
It simplifies the investment process
It is freely available online
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