Nippon India Mutual Fund SIP Calculator

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

 

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.