If you're looking to invest your money and want to get an idea of the returns you can expect, the SIP Calculator is a great tool to use. Here's how you can use it:
Step 1: Enter Monthly Investment Amount
The first step is to enter the amount you plan to invest on a monthly basis. You can do this by typing the amount in the "Monthly Investment" field.
Step 2: Enter Expected Return Rate
Next, you need to enter your expected return rate. This is the percentage of return you expect to earn on your investment. You can type this percentage in the "Expected Return Rate" field.
Step 3: Enter Time Period
The third step is to enter the time period in years for which you plan to invest. This is the number of years you plan to continue investing. You can type the number of years in the "Time Period in Years" field.
Step 4: Click on Calculate
Once you've entered all the required information, click on the "Calculate" button. The calculator will display the estimated returns and total value of your investment based on the information you've provided.
Step 5: Check the Results
The calculator will display the results in the table below. You can see the invested amount, estimated returns, and the total value of your investment based on the information you've provided.
Step 6: Start Investing
If you're ready to start investing, click on the "Start Investing" button. This will take you to a page where you can sign up and start investing.
In conclusion, using the SIP Calculator is a simple and easy way to estimate your investment returns. By following the above steps, you can get an idea of the returns you can expect on your investment and make an informed decision about your investments.
Example :
Let's say you want to invest ₹10,000 per month for 5 years at an expected return rate of 12% per annum. Here's how you can use the SIP Calculator:
Enter the monthly investment amount: 10,000
Enter the expected return rate: 12
Enter the time period in years: 5
Click on the "Calculate" button
The calculator will then display the estimated returns and total value of your investment based on the information you provided. For example, the estimated returns might show up as ₹8,31,480, and the total value of your investment might be ₹15,31,480. This means that if you invest ₹10,000 per month for 5 years at an expected return rate of 12%, you can expect to earn a total return of ₹8,31,480, and the total value of your investment at the end of 5 years will be ₹15,31,480..
Disclaimer:
The SIP Calculator is a tool designed to help investors estimate their returns based on their investment amount, expected return rate, and time period. The results provided by the calculator are for informational purposes only and should not be considered as financial advice or a guarantee of future returns.
The actual returns on investments may vary based on market conditions, inflation rates, and other factors beyond the control of the calculator. It is always advisable to consult a financial advisor before making any investment decisions. The use of this calculator is solely at the user's discretion and risk. The creators of this calculator do not assume any liability for any financial losses incurred by the user due to the use of this calculator.