SIP Calculator
Prospective investors can think that SIPs and mutual funds are the same. However, SIPs are merely a method of investing in mutual funds, the other method being a lump sum. A SIP calculator is a tool that helps you determine the returns you can avail when parking your funds in such investment tools. Systematic Investment Plan or SIP is a process of investing a fixed sum of money in mutual funds at regular intervals. SIPs usually allow you to invest weekly, quarterly, or monthly.
What is a SIP Calculator?
A SIP calculator is a straightforward tool that lets people estimate the returns on their SIP investments in mutual funds. One of the most well-liked investment choices for millennials these days is SIP mutual fund investments.
Potential investors might use these mutual fund sip calculators to evaluate their mutual fund investments. However, a number of variables affect the actual returns that a mutual fund scheme offers. The exit load and expense ratio (if any) is not explained in the SIP calculator.
The wealth growth and anticipated returns for your monthly SIP investment will be determined by this calculator. In fact, based on a predicted yearly return rate, you receive a ballpark estimate of the maturity amount for any of your monthly SIPs.