If you have a strong hold over your finances, you can have your life in order. It is a harsh but true reality. Your financial standing dictates your lifestyle and the goals you can realise. Hence, you should make efforts to strengthen your financial standing, and investing lets you do so. There are innumerable investment options to explore. Mutual Funds are the most popular investment options as it is simple and profitable.
Mutual Funds earn you fantastic inflation-beating returns. You can invest either as Lumpsum Investments or via a Systematic Investment Plan. Consider the returns before investing. SIP lumpsum calculator is an excellent online tool that helps in understanding and planning your investment. Following are the top benefits of the calculator that makes it so popular and reliable:
Determine a suitable SIP amount
By opting for the SIP investment mode, you invest a fixed sum regularly. The minimum SIP amount is different for every fund house. Generally, it is Rs. 100 or Rs. 500. There is no maximum limit to the SIP contributions. This means you can invest any amount as per your affordability. The SIP calculator is a useful online tool that determines a suitable SIP amount.
Tells the total invested amount
Since you make regular investment contributions, you may lose track of the total sum you have invested. Here is where the SIP calculator comes in handy. It indicates the total invested amount. This gauges your investment’s value and subsequently its profitability.
Choose an appropriate tenure
Mutual Funds are known for their flexibility. You can invest in them anytime for any tenure. Make sure you choose an appropriate tenure for investment, as your returns and risk are tied to it. The SIP calculator is an excellent tool to rely on for choosing your investment tenure. Generally, it is advisable to invest in Mutual Funds for at least five to seven years. This gives your investment reasonable time to ride through short-term market fluctuations.
Gives an estimate of returns
As mentioned, you should consider the returns before investing. This determines if it is worth investing in the opted investment vehicle. Furthermore, it helps with financial planning. Calculating Mutual Fund returns manually is challenging. It is complicated, time-consuming, and vulnerable to errors. SIP return calculator is the simplest way to determine your investment returns.
You need to input only the investment’s key variables. In doing so the calculator offers accurate results within minutes.
Compare and consider variations
Today, there are several Mutual Fund schemes. Each scheme has a different return earning potential. Use an MF calculator to compare and invest in a good scheme. You can also use the calculator to consider different combinations of investment variables. This ensures that you make an investment that is ideal for you.
