If you are ready to start your journey of investing in mutual funds in India, you will soon face the question of how much is enough. The value of your contributions can determine the term of your investment. You can invest as much as possible to maximise your gains, but going beyond your capacity can interfere with your other financial goals. Similarly, investing too little may take longer to reach your goal.
Taking these decisions can be perplexing. But a mutual funds SIP calculator can help you. Keep reading to know-how.
How does a mutual funds SIP calculator work?
A mutual funds SIP calculator provides you an estimate of future value that can be generated based on an assumed rate of return from your SIP investments. It considers the SIP value, the investment term, and the assumed rate of return. Based on these factors, the tool gives you a picture of the value on your investments. Since the market is unpredictable, the mutual funds SIP calculator cannot offer a 100% accurate result. However, it can provide a close estimate of your future value based on an assumed rate of return and can help manage your money.
What are the benefits of using a mutual funds SIP calculator?
A mutual funds SIP calculator can simplify the process of investment. Here are some benefits of using it:
- It helps you plan your goals: You can use the calculator to gauge how much you should invest to achieve your goals. This allows you to plan your goals more efficiently.
- It is helpful for first-time investors: Although every investor can use a SIP calculator, it can be especially beneficial for first-time investors who do not know where to start or what to expect. The mutual funds SIP calculator will offer you the required clarity on how much you can invest and how long it would take to reach your desired goal.
- It is easy to use: If you calculate your returns using a physical calculator, it could likely take hours and multiple calculations to arrive at an accurate result. However, using an online calculator takes only a couple of minutes. You can use it on your smartphone, laptop, or tablet, no matter where you are. All you need to do is enter the required information and hit enter. The algorithm will compute the investment amount and present the results instantly. The calculator can be used free of cost. It saves your precious time, energy, and money.
To sum it up
A mutual funds SIP calculator is a handy tool for investors and using it frequently can help you simplify your investments and plan for your future. It is easy to use and offers quick reference for your investments. Click on the below link to try the SIP calculator https://mf.nipponindiaim.com/our-products/sip-calculator
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. The sponsor, the Investment Manager, the Trustee or any of their directors, employees, affiliates or representatives (“entities & their affiliates”) do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Entities & their affiliates including persons involved in the preparation or issuance of this material shall not be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material. Recipient alone shall be fully responsible for any decision taken on the basis of this document.
Disclaimer for Calculator: The results are based on an assumed rate of return. Please get in touch with your professional advisor for a detailed suggestion. The results are based on an assumed rate of return. The calculations are not based on any judgments of the future return of the debt and equity markets / sectors or of any individual security and should not be construed as promise on minimum returns and/or safeguard of capital. While utmost care has been exercised while preparing the calculator, NIMF does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator. The examples do not purport to represent the performance of any security or investments. In view of individual nature of tax consequences, each investor is advised to consult his/ her own professional tax/ financial advisor before taking any investment decision.
Mutual Fund Investments are subject to market risks, read all the scheme related documents carefully.