How to Shape Your Investment Strategy with Bajaj Finserv Mutual Fund’s Online SIP Calculator
online SIP calculator can help your finances. Bajaj Finserv Asset Management Ltd. offers a free SIP calculator online.
Enter your instalment amount, the investment period, and the expected rate of return. Based on these figures, the calculator will work out your total investment value. Let’s take the help of an example to know more about how to use an SIP calculator.
Let’s say you have decided to invest Rs. 1,000 per month for 10 years and expect a 10% rate of return. When you input these figures, the SIP calculator online will show you that will earn Rs.
2,06,552 on your total investment of Rs. 1,20,000. This comes to an absolute growth of Rs.
86, 552. (For illustrative purpose) However, it’s important to note that these figures are estimates and your actual returns will depend on the market performance and the fees charged by the asset management company, among other things. Step 1 - Enter the amount that you wish to invest every month.
Step 2 - Choose the duration of your investment and expected returns. Step 3 - Once you enter these inputs, the SIP calculator will show you what your invested amount is, what its future value will be, and what your returns will be for that chosen period. Step 4 – To arrive at the SIP amount that suits your investment goals, you can simply change the amount you plan to invest every month or the tenure for which you plan to invest.
When you invest small amounts, it may be difficult to envision what the eventual corpus would look like. Having an estimate, even a rough one, can help you determine how much to invest or what duration to look at. A mutual fund SIP calculator can also help you decide your instalment amount or tenure.
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