SIP Calculator; You’ll be Shocked to See What You can Earn in 20 Years

You might be familiar with the popularity that Systematic Investment Plan (SIP) is gaining in recent times. But do you really know what can be gained from mutual funds SIP in the long term? The experts at MySIPonline have designed a simple tool named SIP Calculator which can allow you to know what can be gained from mutual funds in the long term. Use this tool once before making an investment plan to check the possible gains from mutual funds SIP. Those who do not wish to invest in mutual funds can also check out what they will miss in the long term as the SIP calculator is free of cost.

The Need for SIP Calculator
Systematic Investment Plan is the most efficient investment mode in a mutual fund as it allows investors to build a gigantic corpus with small investments made at a periodic interval. However, when the calculations are concerned, it can be quite confusing as the units allotted for each investment are different depending on the NAV of the mutual fund. Every small investment is compounded along with the previously held assets, hence it is quite perplexing to calculate the capital gains one can earn in the long term from mutual funds. To achieve a financial objective in the long term, it is essential to know what amount needs to be deposited monthly at an expected interest rate.

The Returns are Realistic
It might sound impossible if someone would say you can become a ‘crorepati’ by investing a small amount from your salary every month in the suitable mutual fund. It is actually possible with SIP and the target can be achieved in multiple ways. Using the Mutual Fund Calculator investors can find out the amount required to reach their target at different rate of returns. Investors must note that the calculations are done using the complex mathematical formula of continuous compounding on the basis of data inserted by the user.

How To Use It?
The use of this astounding tool is a walk in the park. A layman with no financial background can take advantage of this user-friendly tool. Investors only need to enter the monthly amount, time horizon and the expected rate of returns to know the details of the expected amount along with the wealth gain. The data can be revamped multiple times to get the most suitable pattern of tenure and return rate. A mutual fund scheme can later be selected if it has the ability to provide the expected gains.

What You Should Know to Use SIP Calculator?
Using the SIP calculator, one can plan according to the personal risk appetite. Conservative investors can select lower expected returns as the low-risk schemes provide lesser gains while aggressive investors can select higher return rate but the tenure of investment must be long enough to overcome volatility. Users must select realistic data to make better use of the tool.

The image shows how the wealth gain of 1 crore can be achieved using the SIP calculator.

SIP Calculator is an incredible tool which has allowed thousands of investors to plan their SIP investment. For the same reason, it is also called as SIP Planner. If you are facing any difficulty or have any query regarding investment in mutual funds, the experts at MySIPonline are on their toes to assist the investors.