What is SIP?
Systematic Investment Plan is nothing but a time related small amount of investment where you can do your investment in regular intervals.The SIP amount invested is same across the entire tenure. This is perhaps one of the best ways to enter equity markets.The minimum amount that can be invested through SIP Mutual Funds is Rs.500/month.
In SIP we provide facilities of online login where you can see your track of investment and can do transactions. Online facility helps you to yield copious return by putting a certain amount in your selected scheme according to your requirement. You can manage your risk through a better and secure way.
What is SIP Calculator?
If you want to know how much corpus you’ll be accumulating over time, you can go for SIP Calculator. You just need to put in few basic details, such as amount you wish to invest every month, the time (no. of years) you wish to stay invested and the expected percentage of returns you are expecting.
This is one of the best tools that is available to you for free.
You can easily view your corpus amount that will be accumulated if you religiously invest the amount for the entered number of years.
Further, the percentage return you are expecting is directly proportional to your risk bearing capacity. Hence, if you are expecting a higher rate of return, then you should be able to bear a higher risk and vice versa. Get in touch with your financial advisor for more details.
However, if you are investing for long duration, that is more than 7 years, in equity, then there is a high probability that you will receive good returns.
Why use SIP Calculator?
SIP Calculator will let youknow how much corpus you will be accumulating after specified period of time. As per the corpus you want to accumulate, you can increase or decrease SIP amount. Hence you can easily and strategically plan your investments.
Further,theSIP calculator can simplify complex calculations to make it easy for the potential investor to accumulate their corpus and make right investment decision.
It can be used by both seasoned investors and first time investors. It works for them alike. And you get his for free!