UTI 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 UTI Mutual Fund SIP Calculator, your insightful financial planning partner. UTI Mutual Fund is one of the oldest and most trusted mutual fund houses in India, with over 55 years of asset management experience. Aspiring to be the most preferred asset manager, UTI Mutual Fund aims to help investors achieve their investment goals through its innovative investment solutions.
How to calculate returns using UTI Mutual Fund SIP calculator?
Using UTI Mutual Fund SIP Calculator, it is easy to calculate returns. Simply put, all you need to provide is the SIP amount, the expected rate of return, and the investment amount. The calculator will then give an estimate of the potential return on your SIP investment.
You can also adjust inputs such as investments or expected returns to see how different circumstances may affect your investments. You can also check for lumpsum returns if you wish to.
How does the UTI Mutual Fund SIP calculator work?
The basic SIP returns calculation is performed using a compound interest formula:
A = P × (1+r/100)^n
where:
- P = Amount invested through SIP
- r = Assumed annual rate of return
- n = Number of SIP installments
This formula is deployed on the UTI MF SIP calculator and the results are fetched to give you an idea of how much your investment’s future value would be.
Why use the UTI Mutual Fund SIP calculator?
There are several reasons why you need to use this tool; here’s two to start with:
1. Aids goal based investing: When you invest with a specific goal in mind (say buying a car worth Rs.x) you need to know how long and how much you have to invest to meet that goal of Rs. x. The SIP calculator helps you in this calculation.
2. Encourages disciplined investing: SIP promote investment discipline by encouraging you to invest regularly and avoid procrastination. It also eliminates the need to time the market.
Frequently Asked Questions
Are SIP investments taxable?
Yes, SIP (Systematic Investment Plan) investments are taxable upon withdrawal. The tax treatment of SIP investments depends on the type of mutual fund scheme you invest in and the length of time you hold the units.
If you redeem your units within a year, your profits will be treated as short-term capital gains and taxed accordingly. If they are redeemed after one year, the profits will be treated as long-term gains and taxed at 10% if they exceed Rs 1 lakh.
If your investment was in an Equity Linked Savings Scheme (ELSS), the amount is eligible for a tax benefit of up to Rs 1.5 lakh under Section 80C (under the old regime).
If you are unsure of your tax obligations, it is important to consult with a financial advisor or tax advisor.
Should I go for SIP or lumpsum investment?
SIPs are suitable for investors who are looking to invest regularly and build wealth over the long term. A one-time investment may be appropriate for investors who have a lot of money to invest or want to take advantage of market opportunities.
Both SIPs and lump sums have their own pros and cons, and the choice between the two depends on the investor’s financial objectives, risk tolerance and investment
Will I get guaranteed returns with SIPs?
SIPs are simply investments in mutual funds, which are subject to market risk. Therefore, a guaranteed return is not possible. You can check the fund’s 1, 3 and 5 year returns to gauge its performance.