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The easiest way to reduce your monthly SIP commitment is by stopping all or a few of them and re-starting a new one with a lower amount. Start systematically with a smaller amount and earn high over a period of time. Alpha shows the ability of the fund manager to outperform the market. Standard deviation is the deviation of the fund’s return around mean.
If that investment grew by an average of 10% a year, it would be worth around ₹22.8 lakhs when you reach the age of 60. However, if you started investing on your 20th birthday, the ₹1,000 a month corpus would be worth ₹4.8 lakh over 40 years. Assuming that the growth rate is 10% annually, your investment will be worth ₹ 63.8 lakhs on your 60th birthday. The amount you end up with can increase exponentially if you start investing a few years earlier.
SIP account will help you invest a fixed amount at regular intervals in a mutual fund. To set up a SIP account, you will have to first shortlist a mutual fund, complete the KYC procedure with the fund house or intermediary. Next, choose the SIP frequency, SIP amount and set up a bank mandate for regular payments (auto-debit).
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The calculator takes into account the number of times compounding is applicable and estimates the potential returns. Furthermore, the SIP calculator requires one to enter the monthly amount they want to invest, the duration of the investment and the expected rate of return on the SIP. You need to note that investments through SIP are invested in mutual funds that are market-linked and thus,s are subject to market-related risk. Investors can reduce this risk by continuing their investments over the long term. When it comes to mutual funds there is a general misconception that investing in mutual funds means investing in stocks. This entirely depends on the investment horizon and risk taking capacity of an individual.
It’s just a web based tool for getting a rough estimate about the future value on your SIP investments. The actual annual returnsmay be higher or lower than the estimated value. So, do your own analysis or hire a financial advisor/planner before making any decision. The introduction of direct mutual funds and investors shift of interest in market-linked investment schemes to meet long-term financial objectives has changed the industry dynamics. AMCs are introducing more investor-friendly tools on its platforms to help investors with planning and one such tool is SIP Calculator. Direct mutual funds charge you no hidden commission for managing your money.
The Axis Bank SIP Calculator only gives an estimate based on the inputs provided and doesn’t guarantee any returns. The performance of a mutual fund affects its return which can be higher or lower than the estimate provided by Axis Bank SIP Calculator. Scripbox’s Axis Bank SIP calculator estimates the return in terms of maturity amount based on three different growth scenarios. The three different growth scenarios are above average, average, and below-average.
How to use Scripbox’s Systematic Investment Plan Calculator?
The Axis SIP calculator allows you to compute the maturity value from any SIP investment made in any Axis mutual fund scheme, in just a few steps. This SIP calculator is an easy-to-use tool with only essential details to be filled up by you like the scheme to be invested in, the period of investment and the SIP amount. SIP – Systematic Investment Plan is a disciplined way of investing wherein a fixed amount of money is invested in a pre-defined mutual fund scheme at a fixed interval. You decide the amount, the SIP date and the schemes in which you wish to invest.
- A SIP Calculator is an online tool that estimates the return from a SIP investment.
- By easing this fundamental financial plan process, the calculator aids successful financial planning.
- As a result, you’re able to quickly compare returns between SIPs and other investment options as well – such as an FD.
- Returns from Axis SIP plans are just an estimation based on the fund’s past performance and it doesn’t guarantee future returns.
- We would not access or read your email for anything except the transaction statement.
You can set up your SIP so that you can treat it like one of your monthly utility bills or an EMI. Most investment advisors will tell you the importance of paying yourself first every month. Automatic investments in a SIP are a great tool to use to help to do this.
However, the Mutual Fund company doesn’t update it every day. It is updated only at the end of the month and released within few days of the next month. The Axis Bluechip Fund is a 12 yrs 11 m old fund and has delivered average annual returns https://1investing.in/ of 12.33% since inception. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. Axis Mutual Fund provides a variety of scheme options across the risk-return profile for investment purposes.
How can an Axis Bank SIP Calculator help you?
The data or figures mentioned on the RankMF shall not be construed as indicative yields/returns of any of the variants or products of RankMF or SmartSIP. Please wait while you’re being redirected to your bank page… The overall quality of stocks in the fund portfolio is poor. A SIP automatically protects you from wild market swings – so you end up buying more when prices are low, and less when prices are high.
As a result, the funds have outperformed their benchmarks from time to time. Furthermore, one must be aware that mutual fund investments are subject to market risks. Hence, one should be mindful of the risks and understand the Axis SIP calculator is just an estimate of the potential returns and axis bluechip fund sip calculator doesn’t guarantee them. Generally when it comes to starting an SIP, there is always a misconception that the money is getting invested in equity mutual funds only. Investing in these schemes means that how much risk you as an investor ready to take so that your money grow in leaps and bounds.
That’s why even High Net Worth Individuals use SIPs to invest. We would not access or read your email for anything except the transaction statement. You can turn this feature off anytime from the settings in your inbox.
Asset Allocation History
You can refer to our complete guide on how to choose between SIP and lumpsum mode on investment. Often, computing SIP returns manually can be a cumbersome process. You can estimate the potential returns from SIP within seconds using Scripbox’s SIP Calculator.
The calculator works on the investment amount approach and target amount approach. The investment amount approach is the most used one where the investor inputs the investment amount, return expected, tenure and step-up amount. The target amount approach uses the target amount the investor wants to achieve in the said duration to estimate the current investment required. The SIP calculator will automatically estimate the potential gains at the end of the investment duration. Also, one can view the calculation of Axis SIP Maturity Amount either in a chart or table form. The investment graph provides a visualization of the Axis SIP maturity amount and the wealth gained during the investment tenure.
If the market is up then it will generate good returns and if the market is down then your returns can also come down. Research and analysis are necessary before making an investment decision. Also, one must estimate the potential returns before investing to analyze if it is a profitable investment opportunity or not. Furthermore, it is essential to make sure the financial objective of the investor and the investment objective of the asset are aligned. This enables investors to choose the right asset that will help them realize their goals faster. SIP calculators estimate potential return using the compound interest formula.
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