Nippon India Mutual Fund SIP Calculator
The Nippon India MF SIP calculator is an efficient tool that helps you calculate the amount you need to invest via SIPs to achieve your goals. A Systematic Investment Plan or SIP is an investment mode wherein you can deposit a fixed sum at regular intervals in any mutual fund scheme. The mode of investment can be monthly, quarterly, or even yearly, based on your investment goals. With the Nippon India MF SIP calculator, you can find feasible SIP options that help you work toward your investment goals.Read on to know how to use the SIP calculator provided by Nippon India MF and the various benefits of using this calculator.
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How to Use the Nippon SIP Calculator
Using the SIP calculator of Nippon India MF is relatively simple and easy. You can calculate the SIP amount needed instantly within minutes. Here is the step-by-step guide on how to use the calculator.
Step 1: Visit the official calculator webpage
Step 2: Use the slider to enter a value for the ‘Financial Goals’ section
Step 3: Use the slider to set the value for the ‘Annual Rate of Returns’ section
That’s all it takes to compute your estimated SIP value. Once you add these inputs, the boxes under the calculator will provide a breakdown of the SIP amount across four timelines – 5, 10, 20, and 30 years.
How to Calculate Your SIP Returns Manually
While you can use an online calculator to know your expected returns, the other option is to use the following formula:
A = P*((1+i)^n)-1)/i)*(1+i)
Here,
A implies the maturity amount of the SIP
P means the investment amount
i is the compounded rate of return (annual rate of return divided by 12)
n is the number of months
What are the Advantages of Using the SIP Calculator of Nippon India MF?
While you are familiar with the workings of the Nippon India MF SIP calculator, here are the numerous perks you stand to enjoy when you use it.
Easy and Convenient to Use
Calculating your expected SIP amount becomes hassle-free and effortless with this digital tool. The easy-to-use calculator computes results instantly when you enter critical parameters, such as the rate of return and the amount you wish to earn.
When you calculate your returns manually, there are chances of errors, and the process can be cumbersome as well. This SIP calculator computes returns with great accuracy, as it uses an advanced algorithm for calculations.
Helps Compare Multiple Options
One of the most essential benefits of this calculator is that you can get the SIP amounts for various funds, provided that you know the expected rate of returns. By simply tweaking this parameter, you can compare various SIP options.
Then, choose the one that best aligns with your investment objectives. All you have to do is change the rate of returns to evaluate your SIP across the timelines mentioned.
Use it for Free
One of the greatest advantages of this SIP calculator is that you can use it for free any number of times. With most NBFCs and banks offering these SIP calculators on their websites and apps for free, you can easily compute your expected returns, too.
Now that you know the benefits and functioning of a Nippon India MF SIP calculator, use it to check and compare various mutual fund schemes based on the SIP amount. This calculator computes your SIP on the basis of the rate of returns, and no other parameters.
This helps you zero in on a suitable investment plan that aligns well with your financial objectives. You can compare multiple mutual funds schemes on Bajaj Markets and choose the best SIP option to diversify your portfolio.
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