How An SIP Calculator Can Help You Map Out a Successful Investment Journey
Pune, Maharashtra: In recent years, SIPs have largely grown in popularity in India. Inflows into mutual funds via SIPs have increased by 25% during the fiscal year 2022-2023 compared to the preceding year. The total amount invested was Rs.1.56 lakh crore.
A systematic investment plan (SIP) is an ideal investment mode for those who do not have a large sum of money to invest in mutual funds. Through SIPs, people can invest small amounts periodically and develop a corpus sufficient for their financial requirements. For those looking to invest in mutual funds, the Bajaj Finance SIP returns calculator is an essential tool as it helps to figure out how much to invest to achieve a certain financial goal.
It acts as a key to mapping out a successful investment journey. Why would people want to use a SIP calculator? Mutual funds are market-linked investment instruments that don’t offer the assurance of guaranteed returns. So, it is necessary to get a rough estimate of how much to invest in a mutual fund.
A SIP returns calculator is ideal for this job. Here is a list of other benefits of using a SIP calculator. Instant and accurate results Previously, people had to calculate their mutual fund returns manually and the procedure was quite time-consuming. Moreover, the results could have been mathematically inaccurate.
But, a SIP calculator provides accurate results instantly, which helps to create more effective financial plans. A SIP calculator is quite easy-to-use. Even people who are not tech-savvy will find no difficulty in using the online tool. A noteworthy benefit is that investors can use it whenever they require and as many times as they want to. It is important to determine the SIP amount carefully. The amount to be
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