The Franklin SIP Calculator is a financial tool that helps investors calculate the expected returns on their SIP investments. It can also assist investors with estimating the amount they need to invest every month to attain their target corpus at the end of the investment period.
This SIP calculator is a tool for managing investments made in the Franklin Templeton Mutual Fund. It can help calculate the returns you could earn on your SIP investments and estimate the amount that you need to invest through SIP every month to attain a specific corpus.
The calculator can be a highly effective tool for automatic financial computations. When using this calculator, all you need to provide are the tenure, expected rate of return, and investment amount.
The formula that is used to calculate the SIP returns is:
A = P × (1+r/100)^n
P = The Principal amount invested through SIP
r = The assumed annual rate of return
n = The number of SIP instalments
The following example uses the formula to estimate the final corpus from the investment made in the Franklin Templeton Mutual Fund:
P = Rs. 6,000
r = 7%
n = 7 Years
A = Rs. 6,000 × (1+7/100)^7
Total Value = Rs. 4,32,064.
You can use the calculator by following the steps listed below:
Step 1: Navigate to this online tool.
Step 2: Enter the SIP amount, tenure of investment, and the expected rate of return.
Step 3: The total estimated value of the corpus that will accumulate at the end of the time period will be displayed on the screen instantly.
The major advantages of this calculator are as follows:
It is Free of Cost: The calculator works online and is free of cost for all investors and traders.
It Offers Quick and Error-free Results: The calculator provides speedy results to its users. Also, users can be sure that the results displayed are error-free, unlike calculations made by humans.
Encourage Systematic Investments: This calculator encourages systematic investments by showcasing the future results of the investment, providing the user with a sense of encouragement to begin his or her investing journey.
Helps Understand SIP Investments: New investors who struggle to understand the workings of an SIP investment can learn them through the SIP calculator.