The Nippon India Mutual Fund SIP Calculator is an investment-based calculator that can show users the amount of money they need to invest to attain a goal in a given span of time. It can help the potential investor decide the amount of money he/she needs to invest every month to achieve the goal.
This is an online calculator that can be used for free by anyone. Moreover, it does not require any expertise and is quite simple to use.
This SIP calculator can help you estimate the returns on SIPs made in the Nippon mutual fund. It can help the user outline his/her investment in the fund through the SIP route and strategise the investment accordingly.
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 formula is used to estimate the final corpus from the investment in the Nippon mutual fund.
P = Rs. 9,000
r = 8%
n = 10 Years
A = Rs. 9,000 × (1+8/100)^10
Total Value = Rs. 12,91,083.
You can use this calculator with just a few simple steps. These are:
Step 1: Feed in your goals, such as the tenure of the investment and the SIP amount you can invest.
Step 2: Provide the expected rate of return from the fund.
Step 3: You can instantly see the estimated future value of the investment in this mutual fund.
The significant benefits of using this SIP calculator are listed below:
It is an Efficient Way of Financial Planning: The calculator lets the investor plan his investment to attain his/her goals better.
It Offers Convenience: The calculator can be used by anyone, and it does not require particular expertise, which makes it a user-friendly tool with abundant convenience.
It is Accurate: The calculator tallies the investment value through an in-built software formula, which also provides accurate results.