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IDBI SIP calculator is a powerful tool that helps investors estimate the potential returns from Systematic Investment Plans (SIP). SIP is a popular investment method where you can invest a fixed amount of money at pre-determined intervals in mutual funds. It could be monthly, quarterly, or annually.
The IDBI SIP calculator considers various factors, such as the investment amount, the investment period, and the expected rate of return, to calculate the potential returns on the SIP investment. It uses the compound interest formula to compute the future value of the invested amount.
Using the IDBI SIP calculator, you can estimate how much you will get as the maturity amount at the end of the investment duration and the total returns on your SIP investment. This can be immensely helpful for you to plan your investment strategy, set financial goals, and make informed investment decisions.
The Angel One IDBI SIP calculator is easy to use. It just requires you to enter the investment amount, investment duration, and the estimated rate of return. While mutual fund investment returns vary based on market conditions, the IDBI SIP Calculator can still yield near-accurate returns. You can also estimate the future value of an SIP in IDBI mutual funds by using fund-specific return rate estimates and past performance data.
The online IDBI SIP calculator formula requires three inputs - the principal, the estimated rate of return, and the tenure.
Here is the SIP formula.
A = P*((1+i)^n-1)/i)*(1+i)
A = Amount you will receive upon maturity
P = Periodic SIP investment amount
i = The expected rate of return
n = Tenure (in months)
Using the online IDBI SIP calculator on Angel One is quick and convenient. Follow the steps below to get accurate estimates on your SIP:
- Enter the SIP amount
- Enter the expected rate of return
- Enter the SIP duration
Below is an example to explain the above steps better. Suppose you wish to invest Rs. 5000 in a mutual fund as a monthly SIP for 3 years, and the expected rate of return is 13.5%. Once you input these values in the Angel One IDBI SIP calculator, you will get a graphical representation of your returns along with the return and maturity amount as Rs. 42,887 and Rs. 2,22,887, respectively.
Also, If you have a financial target in sight, it is helpful to know how much monthly SIP contribution you should make to accumulate the required amount. The target amount calculator on the Angel One SIP page helps with this calculation. It requires you to input the expected maturity amount, investment duration, and estimated rate of return to compute the monthly SIP amount.
Suppose you wish to save Rs. 4,50,000 for a financial goal that is 4 years away, and you choose a mutual fund that offers approximately 10% returns. You can calculate the amount required monthly using the target amount calculator on Angel One. Entering these values yields Rs. 7,600 as the monthly SIP requirement.
- Error-free calculations
Using the online IDBI SIP calculator eliminates calculation errors that can occur while manually calculating the investment amount and returns.
- Significant time savings
The SIP calculator quickly generates numerical estimates and a graph of projected investment returns. It saves you the time you would have otherwise spent calculating manually.
- Helpful comparisons:
The SIP calculator allows you to compare the returns of investments using various combinations of return rates, tenures and SIP amount. Based on this comparison, you can choose the fund that best suits your needs and investment goals.
- Effective financial planning
The SIP calculator can help you plan your investments and set realistic financial goals. Using the projections, you can choose funds that sync with your investment goals and also decide the SIP amount you need to invest to reach your target.