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# Axis Bank SIP Calculator

SIP
Lumpsum
Monthly investment
Expected return rate (p.a)
%
Time period
Yr
Invested amount
Est. returns
Total value
INVEST NOW
Invested amount
Est. returns

Axis Mutual Fund offers its investors multiple Mutual Fund schemes and SIPs to choose from. Investors can calculate their returns easily with the help of the Axis Bank SIP Calculator so that they are aware of how much monthly contribution is required to achieve their long term financial objectives.

## What is a Systematic Investment Plan (SIP)?

Before delving deeper into the uses of Axis Bank mutual fund calculator, it’s imperative to have an idea of what SIP actually is. A Systematic Investment Plan is a method of investment under which you can invest a fixed amount of money in any mutual fund scheme at regular intervals (monthly or quarterly basis). It is quite similar to a Recurring Deposit (RD) in a bank; the only difference is that the money will be invested in a mutual fund scheme, which may be invested in the equity markets or debt instruments.

Most of the mutual fund houses in India including Axis Bank offer SIPS. It has proven to be a great wealth creation tool for those who want to invest in the market.

As SIPs allow you to make a small investment at regular intervals, it brings along with it financial balance and discipline to assist you in achieving your long-term goals such as retirement planning, children’s education, buying a house, etc.

## How to Use Axis Bank SIP Plans Calculator?

Using this calculator is very easy; just follow the below-given steps to get the estimated returns on your investment:

Step 1: Enter the monthly investment amount you want to invest in or just make use of the slider to select the amount

Step 2: In this step, enter the return rate or move the slider

Step 3: Choose the investment period.

Step 4: Click on the ‘Invest now’ button.

It will show the invested amount, estimated returns and the total value. It’s that easy!

## Formula for Axis Bank SIP Calculator

A = P*((1+i)^n)-1)/i)*(1+i)

where:

A – Amount you will receive

p – SIP amount

i – compounded rate of return, which is the annual rate of return %/12

n – number of months

## Benefits of Using SIP Investment Calculator of Axis Bank

• No need to perform these intricate calculations by yourself. The Axis Bank SIP Calculator will do the calculation for you.
• The SIP Axis Bank calculator is a great tool for getting knowledge of the investment amount beforehand and lets users plan their investments efficiently.

## Axis Bank SIP Calculator – FAQs

Ques. What is a SIP Calculator?
Ans. A Systematic Investment Plan calculator is an online financial tool that helps to calculate the returns on your SIP investments.

Ques. Can the SIP investment amount be increased?
Ans. Yes, while getting a new SIP, one can opt for a periodic top-up of the investment amount. If you did not choose auto top-up while registering your SIP, you can always start a new SIP in the same scheme, the units allotted in the new SIP will be added to your portfolio.

Ques. What is the use of the SIP calculator and how it works?
Ans. The online Axis Bank SIP Calculator shows the value of your SIP instalments at the end of the investment duration. It’s very easy to use; all we need to do is enter the SIP instalment, duration of investment, and the expected annual rate of return. The calculator will then display the value of your investment at the end of the SIP tenure.

Ques. Can the SIP amount be withdrawn anytime?
Ans. Yes, SIPs can be redeemed anytime as per the account holder’s wish. However, in Equity Linked Savings Scheme, there is a lock-in period of 3 years

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