| Scheme Name | 3Y return | |
| SBI Contra Fund | 41.97% | Invest Now |
| SBI PSU Fund | 40.4% | Invest Now |
| SBI Magnum Children'S Benefit Fund Investment | 39.89% | Invest Now |
| SBI Large and Midcap Fund | 35.21% | Invest Now |
| SBI Small Cap Fund | 34.9% | Invest Now |
SIP is an investment strategy in which investors can regularly invest a fixed sum into a mutual fund scheme at predefined intervals. Different banks offer different SIP schemes and help investors meet their financial goals. However, before investing in one, investors must know the estimated returns their investment would yield and compare different plans to make the right decision. An online SBI SIP calculator facilitates this return calculation and comparison. Among these is the SBI SIP calculator. The SBI SIP calculator is a powerful online tool which provides accurate and instant calculations for systematic investment plans in SBI mutual funds.
You can calculate the value of your SIP investments and the potential returns on your investments through the online SIP return calculator. It also helps determine how much you need to invest monthly in the SBI mutual funds to achieve a specific financial objective. If you are also looking for a way to determine your investment strategy, the online SIP return calculator can help.
The SBI SIP calculator considers the amount of SIP investment, the duration of the investment, and the expected rate of returns on your SIP. It uses a mathematical formula to calculate the estimated return on your SIP along with its future value at the end of the SIP duration. Alternatively, you can calculate the amount you must invest as a monthly SIP to achieve a specific financial goal.
The SBI SIP calculator formula requires you to input three variables to compute anticipated returns upon maturity. The formula is below:
SIP Returns = P × ({([1 + i] ^n) – 1} / i) × (1 + i)
Here, P stands for the amount invested every month in the SIP
i stands for the expected return rate on the SIP investments, and
n stands for the tenure in months
Here is an example to understand the formula.
Let us say you create an SBI SIP of Rs. 5,000 for 10 years with an expected return rate of 10% per annum on an SBI mutual fund.
The total investment amount would be Rs. 6,00,000, and the total value of the investment would be Rs. 10,32,760.
The online SBI SIP calculator is straightforward and easily accessible to everyone. You can access it on Angel One platform and get the estimations in seconds by just inputting details like SIP amount, investment duration and rate of return. Below are the steps to use the SBI SIP calculator online:
Step 1: Enter the amount you wish to invest as SIP
Step 2: Use the slider to adjust investment tenure
Step 3: Input the expected return rate on the SBI mutual fund using the slider
The online SBI SIP calculator will yield the estimated value of your investment in the SBI mutual fund at the end of the SIP tenure, along with estimated returns.
Additionally, the online SBI SIP calculator on Angel One also makes it possible to estimate the monthly amount you’d need to invest to reach a specific financial goal. This is possible using the target amount tab, where you can enter the amount you expect, the duration and the expected return rate.
Let’s say you need Rs. 3,00,000 as the maturity amount after 5 years, and the SBI mutual fund has an estimated return rate of 12.5%. Inputting these values in the Angel One Mutual Fund SIP Calculator will show Rs. 3,587 as the value of the monthly SIP.
Below are the benefits of using an SBI SIP calculator:
The earnings or returns on your SIP depend on various factors. Let us understand them:
Investing in SBI SIP (Systematic Investment Plan) is generally considered safe due to SBI Mutual Fund's reputation and strong track record. However, as with any investment in mutual funds, there are inherent market risks. It's important to assess your risk tolerance and investment goals before investing.
You can start investing in SBI Mutual Fund schemes through SIP with as little as INR 500 per month. There is no upper limit; you can choose the amount that fits your financial goals and budget. It’s advisable to consult with a financial advisor to determine the right amount for your investment plan.
High returns are not guaranteed for any SIP investment, including those in SBI Mutual Funds. The returns depend on various factors, such as market conditions, the fund's performance, and the investment's duration. While SIPs can potentially offer good returns over the long term, they are subject to market risks, and past performance does not guarantee future results.
The minimum tenure of SBI SIPs may vary depending on the specific scheme you choose. It is recommended to check fund-specific information to know the minimum tenure requirement.
The rate of return on SBI SIPs can vary depending on market conditions, investment duration, and the specific scheme you choose. It is advisable to refer to scheme-related documents for an idea.
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