Kotak Mahindra Bank SIP Calculator

Check out the formula that the Kotak Mahindra Bank SIP calculator uses to calculate the expected returns of your investment.

A = P*((1+i)^n)-1)/i)*(1+i)

Where,

‘A’ is the maturity amount of the SIP

‘P’ is the investment amount

‘i’ is the compounded rate of return (annual rate of return divided by 12)

‘n’ is the number of months

Like any digital tool, there are upsides to using the Kotak Mahindra Bank SIP calculator.

 

• Calculates Expected Returns

 

The primary benefit of the Kotak Mahindra Bank SIP calculator is that it helps you get an estimate of the expected returns. The insights you get can help you choose the right fund and steer clear of those that do not align with your financial goals. 

 

You can use this tool to explore the expected returns from various investment amounts and durations. Also, this calculator shows the returns in both graphical and tabulated forms, making it easier for you to understand and compare the results.

 

• Higher Convenience

 

The Kotak Mahindra Bank SIP calculator is a convenient and easy-to-use tool. To get the expected returns quickly, you simply need to enter basic information, including the investment amount, the rate of return, and the duration for which you want to invest. 

 

The SIP calculator will display the required information instantly. Apart from saving your time and energy, it eliminates the need for manual calculations. This lowers the chances of errors associated with manual calculations and provides accurate results.

 

• Helps Meet Financial Goals

 

Another significant benefit of using the Kotak Mahindra Bank SIP calculator is that it helps you to save for your short-term and long-term needs. It helps you understand how much you need to invest and the ideal horizon for your goals. 

 

For instance, your investment approach would be different if you want to build a corpus for your child’s wedding in the next 5 years or save to purchase a car in the next 2 years. This calculator offers insights that can influence your decisions to start investing. 

 

• Available Free of Cost

 

You can use the Kotak Mahindra Bank SIP calculator without any charges as many times as you need. This financial tool can be used from the comfort of your home anytime.

 

• Representation of Data in Different Forms

 

With a Kotak Mahindra Bank SIP calculator, you can view your returns in both graphical and tabular formats. This helps you analyse returns with ease, enabling you to make informed decisions.

 

• Step-up Option

 

The calculator provides an option to step up your investments annually. This can help you achieve your intended goals faster. Also, comparing multiple return scenarios lets you zero in on a suitable investment option.

As you can see, the Kotak Mahindra Bank SIP calculator streamlines calculations and helps you leverage the SIP mode to the fullest. To explore a variety of mutual funds options in one place, visit Bajaj Markets. You can use the SIP calculator and find suitable investment vehicles from the available options.