Future value of your Investments
Illustrative Compounded Growth line
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Illustrative Investment vs Interest Earned* dognut
A SIP or Systematic Investment Plan allows you to invest a predetermined amount on a regular basis (generally on a monthly, quarterly, or annually) in a mutual fund. It is a disciplined investment approach that helps individuals inculcate a habit of investing regularly. The amount is automatically deducted from your bank account on the predetermined date and invested in the chosen mutual fund scheme. The biggest advantage of this is that it helps you benefit from the power of compounding. By investing a small amount of money over an elongated period regularly, you can accumulate a significant corpus to achieve your financial goals.
The SIP calculator is a tool which helps you compute the expected returns on your investments made through SIPs. This tool uses a formula to calculate the expected returns on investment depending on the amount of money invested, the tenure of investment, and the expected return rate. They also help you plan your finances accordingly by providing you with an estimate of the returns which you can expect to earn over a particular period of time.
Here are a few benefits of SIP investments:
A SIP calculator is very easy to use. All you are required to do is enter certain details like the investment amount, SIP frequency, expected return rate, and investment tenure. This calculator uses a mathematical formula to compute the estimated returns. This will help you understand the expected returns on your investment and plan your finances accordingly.
The SIP calculator also offers a detailed breakup of the investment, including the total investment amount, the interest earned, and the final amount. This information can help you make informed decisions and plan your investment strategies better. Overall, this calculator is a useful tool for investment management and maximising your returns.
Follow these steps to invest in mutual funds via SIP:
Step 1: Download the Bajaj Markets App from the Playstore/App Store or visit the Bajaj Markets Website
Step 2: Login using your mobile number
Step 3: From the “Investment” section, click on “Mutual Funds”
Step 4: Select the mutual fund you wish to start the SIP in and click on “Invest Now”
Step 5: You will be redirected to a page displaying the fund details. Click on “Start SIP”
Step 6: Select or type the SIP amount and date on which you want the SIP to be deducted every month
Step 7: Choose the tenure you wish to invest for and click on “Proceed”
Step 8: Complete the payment process via Net Banking, UPI, NEFT or RTGS
In case it is the first time you are starting a SIP, set up Autopay to enable future SIP deductions.
Yes, you can use the SIP calculator for any mutual fund scheme. However, it is important to note that the performance of different mutual fund schemes may vary and hence, the results may differ.