mutual fund sip calculator

Use SIP Calculator to Calculate Your Monthly Investments

Systematic Investment Plan (SIP) is a monthly installment plan in general, but some mutual fund companies also allow daily, weekly, quarterly SIPs. Other than SIP calculators, there are Lump Sum calculators, Tax-Savings Calculators, etc. to name a few.

Coming back to SIPs, these calculators tell you the monthly growth of your fund or funds. With the help of these calculators, you can know how the fund is performing. As you will continue reading, you will know the process to follow. To start with, have a look at some of the top mutual fund calculators and also the different types of mutual fund calculators.

Top Mutual Fund Calculators

  • Mutual Fund Calculator HDFC
  • Mutual Fund Calculator SBI
  • ICICI Mutual Fund Calculator
  • Baroda Pioneer Mutual Fund Calculator
  • DSP BlackRock Mutual Fund Calculator

Types of Mutual Fund Calculators

  • Mutual Fund SIP Calculator
  • Mutual Fund Lump Sum Calculator
  • Mutual Fund Tax Saving Calculator
  • Mutual Fund STP Calculator
  • Mutual Fund SWP Calculator
  • Mutual Fund SIP Calculator
  • Mutual Fund Lump Sum Calculator
  • Mutual Fund Calculator Monthly Contribution

Mutual Fund SIP Calculator

SIP allows you to buy the units on a prescribed date every month so that one can estimate their saving plan for themselves. An investor, with the help of SIP Calculator, can know how small investments made at regular time intervals can garner better returns over a long time period.

By using SIP Calculator, an investor can examine the returns accrued on their SIP investments in a specified fund till date. All you need to go through the steps:

  1. Choose the name of AMC where you want to invest.
  2. Choose the scheme you would like to invest in.
  3. Enter your SIP amount in INR.
  4. Enter your SIP frequency-Monthly or Quarterly.
  5. Enter your SIP date from the beginning date of your investment till its maturity.
Mutual Fund Lump Sum Return Calculator

Lump Sum Calculator is useful in instances where the return of your lump-sum investment made today can be tracked over a particular period of time at a specified rate of return. You just have to mention the amount in the lump sum calculator with time and an expected rate of return. See how the power of compounding works effectively for you. For example, an investment of ₹20 lakhs is to be made by an investor at expected returns 15% p.a. for the period of 20 years. After calculating the maturity value through the calculator, the result comes out to be ₹3,27,33,074.79.

Tax Savings Calculator

There are tax-saving mutual funds as well which help in saving tax. These funds are ELSS mutual funds. However, there are other tax saving instruments like EPF, PPF, FDs, etc. By using Tax Savings calculator, you can evaluate how much tax you can save on these tax-saving instruments altogether. Just follow the steps given below:

  1. Enter the Total Amount for the year.
  2. Enter the amount calculated (after adding both employer and employee contribution) in your Employee Provident Fund(EPF) account.
  3. Enter the amount invested in your Public Provident Fund(PPF) account.
  4. Enter the premium amount of your Life Insurance
  5. Enter the returns fetched by your 5-Year Bank Fixed Deposit
  6. Enter the repayment amount for your house loan (principal portion)
  7. Enter the Tuition Fees which goes towards your child’s education
  8. Enter the amount for ‘Any other Kind of Investment’ being made(the sum total amount)

Once the details have been mentioned, you can see the total amount that will be counted as your saving or investment and hence whether or not you are eligible for Tax-exemption. The total deductions made under Section-80C of the Income Tax Act, 1961 allows the maximum amount of savings ₹1,50,000.

However, ELSS funds are considered to be the best tax-saving instrument. Almost all AMCs offer ELSS funds wherein there is a choice of investing in lump sum amount or SIP. The choice is yours. For your reference, here are some of the top ELSS mutual funds:

  • DSP BlackRock ELSS
  • Reliance Tax Saver (ELSS) Fund
  • ICICI Prudential Long Term Equity Fund (Tax Saving)

It is important to note that the lock-in period for ELSS funds is 3-year only.  

Disclaimer – Mutual Funds are subject to market risks. Please read the scheme related documents carefully before investing.

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