SBI Mutual Fund SIP Calculator
Calculate the returns of your mutual fund SIP investment in just a few minutes.
Monthly SIP Amount
₹
SIP Period
years
Expected Return Rate (p.a)
%
Invested amount
₹ 30,00,000
Estimated returns
₹ 39,66,432
Total value
₹ 69,66,432
Company introduction
Welcome to SBI Mutual Fund SIP Calculator, an instant return calculator for mutual fund investments. With over 3 decades of experience in the industry, SBI Mutual Fund is one of the largest and most trusted mutual fund houses in India. It offers a wide range of financing solutions and comes with a strong track record of performance and customer service.
How to calculate returns using SBI Mutual Fund SIP calculator?
Calculation of returns is easy by using SBI Mutual Fund SIP Calculator. Specify the desired SIP amount, expected rate of return, and investment period. The calculator will then give an estimate of the potential return on your SIP investment.
If you want to calculate the corpus yourself, you can use the compound interest formula. However, this calculation is long, tedious and complicated. Using an online SIP account gives you instant access to the answer, so you can save time and effort.
How does the SBI Mutual Fund SIP calculator work?
The SBI Mutual Fund SIP calculator works along the following steps and incorporates the following inputs: SIP amount, expected rate of return, and investment time frame. These are all used to calculate the value of your future investment using this method.
Compound interest = P × (1+r/100)^n
where:
- P = principal
- r = rate of return
- n = SIPs or instalments of the amount to be paid
When you have entered all necessary information, it utilises the formula discussed above to arrive at a total return on investment.
Benefits of using SBI Mutual Fund SIP calculator
1. Simplicity: The SIP calculator goes hand and hand with the convenience and efficaciousness to calculate your potential returns. This will play the role of making investors prepared to take informed decisions as well as ensuring that the time is saved during the course of the entire process.
2. Speed: The result is derived on the spot, which saves time and effort compared to customary statement.
3. Education: This savings plan may serve as a learning tool for users to realize as well understand the magic of compounding and the long-term effect of frequent investments.
Frequently Asked Questions
What is an SIP calculator and what are the benefits of using it?
It an online calculator, which helps you calculate the future value of SIP Installment immediately. This aids in proper budgeting and making the right investments.
Can I make an extension of my SIP until the period has expired?
Yes, your SIP can be renewed even after the terminated period has elapsed. Some mutual funds renew SIPs for a longer period; this is mainly after the end of the first period.
You will be able to either extend the SIP in the same manner or adjust varying the amount or tenor providing you with an option to fit your need and goal. It is recommended that you monitor your budget now and again so as to make any changes you consider necessary by the time your SIP period comes to an end.
What should I do if I miss the SIP installment?
Here's what you can do if you miss your SIP installment:
You can make another installment SIP payment in the coming months. This way you can be somewhat on track with your financial goals.
You can check with your mutual fund company if it has any policy for missing SIP installments. Generally, there is no penalty or fee for missing SIPs. However, it’s best to check with your mutual fund company about any specific terms and conditions.