The NJ SIP Calculator calculates the return on investments from the SIPs made in NJ India Mutual Fund Schemes. All the user needs to do is to provide some basic details of his/her investment plan and kickstart the calculation process. Within moments the results are displayed on the device screen.
This calculator is an online tool; it does not require manual calculations and almost instantly provides the potential investor with the expected returns from the investment.
The NJ Wealth SIP Calculator is a useful tool for investors. It displays the estimated outcome of the investment, the period in which a particular goal could be attained, and the amount needed to be invested through a SIP to attain that goal.
Also, the calculator works free of cost and just with a few clicks. However, it is important to remember that this online tool does not consider market conditions and movements while calculating the final investment value.
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
Consider the following example to estimate the outcome of the investment in the NJ India Fund.
P = Rs. 6000
r = 7%
n = 7 Years
A = Rs. 6000 × (1+7/100)^7
Total Value = Rs. 4,32,064.
You can easily use this calculator by following these steps:
Step 1: Navigate to the online tool.
Step 2: Enter the monthly SIP amount you wish to invest.
Step 3: Enter the SIP period for your investment.
Step 4: Enter the expected return rate.
Step 5: You can see the investment's Total Value displayed on your screen instantly.
The major advantages of using this calculator are: