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SIP Calculator - Systematic Investment Plan Calcu

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0% found this document useful (0 votes)
29 views

SIP Calculator - Systematic Investment Plan Calcu

Uploaded by

Whizz Leads
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SIP Calculator

SIP Lumpsum

Monthly investment ₹ 10000

Expected return rate (p.a) 12 %

Time period 30 Yr

Invested amount ₹36,00,000.00

Est. returns ₹3,16,99,138.00

Total value ₹3,52,99,138.00

Invested amount Est. returns

SIP Calculator – Systematic Investment Plan

Calculator

Prospective investors can think that SIPs and mutual

funds are the same. However, SIPs are merely a method

of investing in mutual funds, the other method being a

lump sum. A SIP calculator is a tool that helps you

determine the returns you can avail when parking your

funds in such investment tools. Systematic Investment

Plan or SIP is a process of investing a ^xed sum of

money in mutual funds at regular intervals. SIPs usually

allow you to invest weekly, quarterly, or monthly.

What is a SIP Calculator?

A SIP calculator is a simple tool that allows individuals to

get an idea of the returns on their mutual fund

investments made through SIP. SIP investments in mutual

funds have become one of the most popular investment

options for millennials lately.

These mutual fund sip calculators are designed to give

potential investors an estimate on their mutual fund

investments. However, the actual returns offered by a

mutual fund scheme varies depending on various factors.

The SIP calculator does not provide clari^cation for the

exit load and expense ratio (if any).

This calculator will calculate the wealth gain and

expected returns for your monthly SIP investment.

Indeed, you get a rough estimate on the maturity amount

for any of your monthly SIP, based on a projected annual

return rate.

How can a SIP return calculator help you?

SIPs are a more lucrative mode of investing funds

compared to a lump sum amount according to several

mutual fund experts. It helps you become ^nancially

disciplined and create a habit of savings that can bene^t

you in the future.

A SIP calculator online is a bene^cial tool, which shows

the estimated returns you will earn after the investment

tenure.

Few of the bene^ts of SIP calculators include –

1. Assists you to determine the amount you want to

invest in.

2. Tells you the total amount you have invested.

3. Gives an estimated value of the returns.

How do SIP calculators work?

A SIP plan calculator works on the following formula –

M = P × ({[1 + i]n – 1} / i) × (1 + i).

In the above formula –

M is the amount you receive upon maturity.

P is the amount you invest at regular intervals.

n is the number of payments you have made.

i is the periodic rate of interest.

Take for example you want to invest Rs. 1,000 per month

for 12 months at a periodic rate of interest of 12%.

then the monthly rate of return will be 12%/12 =

1/100=0.01

Hence, M = 1,000X ({[1 +0.01 ]^{12} – 1} / 0.01) x (1 +

0.01)

which gives Rs 12,809 Rs approximately in a year.

The rate of interest on a SIP will differ as per market

conditions. It may increase or decrease, which will

change the estimated returns.

How to use Groww’s systematic investment plan

calculator?

You can use the SIP amount calculator from Groww

within a few clicks.

Just enter the monthly invested amount (the amount for

which you have started the SIP), the number of years for

which you want to stay invested, and the expected rate of

return.

As soon as you input the value, the calculator will show

you the estimated amount you can avail after your

investment tenure is complete.

Advantages of using Groww systematic

investment plan calculator

Groww offers the best SIP calculator, which provides the

following advantages –

Plan your investment based on the amount and tenure.

It helps you compute an estimation of the total value

of investments at the end of your SIP tenure.

Shows accurate results and helps you save time

required during a manual calculation.

A systematic investment plan calculator ensures that

your savings portfolio is as per your requirements and

^nancial needs.

FAQs

How much can I invest in a SIP?

There is no limit to the amount you can invest in a SIP.

The minimum amount that you can invest is Rs. 500 per

month.

What is the maximum tenure of a SIP?

There is no maximum tenure of a SIP. You can invest as

long as you can. The minimum tenure you can go for is 3

years.

Are SIPs similar to mutual funds?

People often tend to think of SIP as either mutual funds

or different than a mutual fund. The fact is that SIP is just

a style of investment and not a fund/scheme or a

stock/investment avenue. It is an investment vehicle to

invest periodically in a fund/scheme of your choice.

Can I modify my SIP amount?

Yes, you can anytime check your returns with SIP

investment calculator and increase or decrease the SIP

amount

Do SIP allows only equity mutual funds investments?

No, you can invest in debt and hybrid mutual funds

through SIP.

What are the types of SIPs available?

Different types of SIPs are available in the market like –

Step-up or top-up SIP: A step-up or top-up SIP enables

you to increase the investment amount automatically

at speci^ed intervals at a particular amount or

percentage.

Perpetual SIP: A perpetual SIP enables you to keep

investing as long as you wish to without any end date.

Trigger SIP: A trigger SIP lets you start investing

during a speci^c index level, NAV, date, or event.

Flexible SIP: A nexible SIP lets you change the amount

you are investing according to your preference.

Can I renew a SIP?

Yes, you can renew a SIP automatically. Companies also

give you the option to cancel this auto-renew feature.

Can I pause my investments in a SIP?

Yes, mutual fund companies also provide the option of

pausing your SIP investments up for a speci^ed period.

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