SIP Calculator
Get a plan to invest a fixed amount every month and achieve your desired savings
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Please provide your PANWhat is a SIP Calculator?
A SIP Calculator helps investors estimate the returns from mutual fund investments made through a Systematic Investment Plan (SIP). The calculator requires inputs such as the investment amount, investment period, interest rate, and the frequency of SIP investments. Essentially, it provides insights into potential wealth accumulation based on regular contributions over time. Note that actual returns may vary due to factors like exit loads and expense ratios.
-Benefits of using SIP calculator?
Using an online SIP calculator has its own set of benefits for an investors that are given below:
- User friendly with instant results:
Online SIP calculators require only a few inputs, such as investment term and amount, from investors. Within seconds, they display the final value, making them user-friendly and efficient.
- Reduces investor efforts:
Manual calculations can be tedious process and prone to errors. While SIP calculator eliminates manual labour, providing accurate results quickly without human intervention.
- Financial Planning Assistance:
SIP calculators act as roadmaps, helping investors strategize their SIP investments to achieve financial goals.
- Real time investment insights
Calculations are based on current values and projects growth from past performance returns, offering relevant insights for decision-making. It helps investors to access the latest information about the investments.
- Compounding Analysis:
SIP calculator demonstrates the compounding effect, showing how investments grow over time.
- Ease of Access:
Accessible online from anywhere with an internet connection.
- Affordable:
Online SIP calculator is free to use, benefiting investors across all segments of society.
- Flexibility:
Investors can adjust the investment amounts and tenure as needed
- Types of SIP
Regular SIP:Investors use this facility to invest a fixed amount at regular intervals over a specified duration. It helps average out the cost of investment, overcoming short-term market fluctuations. Particularly beneficial for those without lump-sum funds, as they can accumulate wealth gradually through regular small investments and compounding.
Top-up:Top-up SIP is a facility whereby an investor has an option to increase the amount of the SIP installment by a fixed amount at pre-defined intervals. It enhances flexibility, enabling higher investments during the SIP tenure.
- How to use SBI SIP calculator?
The steps to use the SIP Calculator are simple, and they are enlisted below:
- Step 1: Enter the target amount you wish to earn.
- Step 2: Choose the investment duration.
- Step 3: Provide the expected rate of return p.a.
Why should you start a SIP investment?
Rupee-Cost Averaging
By investing on a regular basis, you benefit from the market volatility by purchasing more units of the a fund when the markets are low and buying fewer when the prices are higher.
Power of Compounding
For every single rupee that you invest in a SIP, it is deployed to earn return which in turn is also possibly poised to earn more returns in future.
Frequently asked questions
Can I modify my SIP amount?
Yes, you can anytime check your returns with SIP investment calculator and increase or decrease the SIP amount
Can I pause my investments in a SIP?
Yes, mutual fund companies also provide the option of pausing your SIP investments up for a specified period.
Can I renew a SIP?
Yes, you can renew a SIP automatically. Companies also give you the option to cancel this auto-renew feature.
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.
What are the types of SIPs available?
Different types of SIPs are available in the market like –
Top-up SIP: A top-up SIP enables you to increase the investment amount automatically at specified 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.
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. (With the exception of SBI Small Cap Fund).
Do SIP allows only equity mutual funds investments?
No, you can invest in debt and hybrid mutual funds through SIP.
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.
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