What is SBI SIP calculator?
The Indian mutual fund industry is witnessing a significant surge, growing from Rs. 5.83 trillion to Rs. 24.25 trillion in the last decade. Despite this growth, many potential investors find themselves navigating through confusion and lack of awareness about mutual funds. To bridge this gap, understanding the potential returns becomes crucial. The SBI SIP calculator online helps you to calculate your potential returns on your ongoing SIPs.
How can SBI mutual fund SIP calculator help you?
Enter the SBI Mutual Fund SIP calculator, a valuable tool in the hands of investors. Systematic Investment Plan (SIP) is a strategic approach where investors contribute a fixed amount monthly to a mutual fund. Unlike lump sum investments, SIPs are considered less risky and more planned.
What is the formula to determine SIP returns
The SBI SIP calculator employs a formula incorporating four variables to predict returns
FV=[PxRx(1 +i)n-1/i]x(1+i)
P is the number of instalments made.R is the expected rate of return.
n is the number of instalments made.
How to use the SBI SIP calculator online?
The SBI MF SIP calculator on the Stack Wealth website is user-friendly. Input the variables, and the calculator instantly provides results at the bottom.
Advantages of using SIP calculator
- Accurate Return Estimate: The calculator provides a reasonably accurate estimate of SIP returns, considering the inherent market risks.
- Time Efficiency: Manual SIP calculations can be complex and time-consuming. The calculator delivers accurate results within seconds.
- Financial Planning: Armed with precise results, investors can engage in prudent financial planning for the future.
- User-Friendly: The calculator is designed for ease of use, requiring no specialized knowledge.
