Thu. Mar 28th, 2024

 A Systematic Investment Plan is a popular investment method regarded as the Kickstarter of an individual’s investment portfolio. You can invest a certain amount monthly and enjoy long-term returns on investment without worrying about the market dynamics. We all like to invest in a disciplined manner wherein there is less risk and extensive payout, and for the same, we use SIP to realise our financial dreams.

As rational users, whenever we decide to invest in a plan, we always attempt to pre-evaluate our returns on investment; however, doing it manually is a cumbersome task. 

Thus, through the digital revolution, we have an SIP calculator that simplifies and eases the process of SIP investments. A SIP calculator is a digital calculation tool which takes the necessary details regarding your investment and chalks out the long-term returns that eventually help you to decide the best investment plan in India. An SIP calculator improves your financial independence and leads you to the most favourable plan that can benefit you in the long term. By analysing your desired amount, duration of investment, rate of interest, and essential details, you can explore various SIP plans with the help of a SIP calculator.

There are several key advantages of a SIP calculator which aid us in realising our financial dreams. 

  • Accurate and Accessible

In this distinctive world, there are a lot of investment aspirers who are unable to calculate and assess their SIP returns manually. There are high chances of errors while calculating your returns manually, and you might miss out on essential metrics in the process. Thus, the SIP calculator is very beneficial and trustworthy with its accuracy and user-friendly interface. Furthermore, you can access a SIP calculator online at any financial organisation or bank’s website and complete your investment process with minimal effort.

  • Time Efficient and Effective

We all are very occupied in this fast-paced world, and nobody has the time to sit down and manually evaluate complex calculations. Thus, to save valuable time and ensure error-free outcomes, the SIP calculator is a modern digital tool that must be utilised to assess returns. Just as we rely on AI’s accuracy, numerous investors must rely on the SIP calculator to evaluate their returns to catalyse their financial growth.

  • Financial Adviser

In addition to measuring your returns on investment, a SIP calculator plays a salient role in identifying the most appropriate investment plan for you. It identifies your investment requirements and promotes the best investment plan in India for you. Moreover, the SIP calculator also compares various plans to get the right SIP plan to elevate your portfolio and financial stance.

The SIP calculator is used to determine the maturity amount of mutual funds and is available in two types. One is the lumpsum SIP calculator, and the other is the basic SIP calculator. Assuming that no external factors can hamper your returns and investment strategy, a SIP calculator works in the following way to deliver you the predicted returns. 

For instance, you are an undergraduate student who wants to start their investment journey and opts to invest in SIP. To evaluate your returns on a particular SIP plan, you will first input the amount you want to invest each month, which is Rs 500. Now you input the expected return rate and the investment duration. For example, it can be 60 months on a 10% p.a rate. Subsequently, the SIP calculator will calculate the total invested amount, which would be Rs 30,000, the maturity amount – of Rs 39,041, and the expected return, which is Rs 9,041.

The Bottom Line:

Thus, you can quickly assess any SIP plan and determine the amount you want to invest in fulfilling your future financial goals. Whether you are a college student or an employee, investing in SIP leads to a more robust and secure financial future. A SIP calculator is the best assistance you can get for this process. Invest in your SIP plan using the SIP calculator right away. 

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