Axis Bank SIP Calculator

Axis bank, earlier known as UTI Bank, is one of the renowned and top financial sector banks in India for a long time. Axis Bank offers various schemes and policies for their customers which helps them build a substantial financial corpus at the hour of need. Axis Bank, like any other bank or mutual fund house, offers a variety of Mutual Fund schemes in the form of SIPs which are highly popular amongst the youth in India these days as the returns are better than other investment schemes if invested for a long period of time. Axis Bank SIP Calculator helps in the computation of the returns an investor will receive when making a SIP investment.

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Axis SIP Calculator
  • SIP
  • Lumpsum

Monthly Investment

₹500 ₹1L
Enter Monthly Investment

Total Investment

₹500 ₹10L
Enter Total Investment

Expected Rate of Return (Yearly)

1% 20%
Expected Rate of Return (Yearly)

Time Period

1 Year 30 Years
Enter Time Period
Total Investment
Interest Earned
Maturity Amount

What is SIP?

For building a deeper knowledge about the SIP Calculator, it is important to understand what exactly SIP or Systematic Investment Plan is. A SIP is a type of investment under the Mutual Funds category that helps the investor invest regularly in a mutual fund for a pre-defined tenure to attain great returns at the end of the scheme. The duration of regular investments in a SIP can be either, monthly, weekly, or quarterly as per the convenience of the investor.

What is Axis Bank SIP Calculator?

Systematic Investment Plans have achieved great popularity amongst the masses over the past few years because of their great returns, easy accessibility, and hassle-free investments. Axis Bank SIP Calculator is a financial tool that helps in the SIP returns calculation with just a few basic details. With the help of the Axis SIP Calculator, the investor can have a clear understanding of how many investments they have to make to achieve their desired financial targets. Due to various factors related to the financial market, actual returns may vary from the calculated amount.

Benefits of Using Axis Bank SIP Calculator

A Systematic Investment Plan is considered better than the lump sum payment method under the Mutual Fund category because SIP is considered in bringing a financial discipline in an investor’s life that helps in developing a habit of regular savings. Axis Bank SIP Calculator is a beneficial tool and has the following benefits:

  • Best for first-time investors as investing is very easy and requires minimal details

  • Provides accurate estimation when compared to manual calculations

  • Easy and hassle-free use as the investor has to put in the basic details and results are reflected instantly

  • Easy analysis because of the graphical representation

  • Offers assistance as to how much an investor has to put in to achieve the desired goal

How Does Axis Bank SIP Calculator Work?

At the end of the tenure, the following formula is used for the computation of the returns that the investor will receive:

FV = P x ({[ 1+ i ] ^ n-1 } / i ) x (1+i)

To elaborate:

FV = Future Value (Maturity amount to be received)

P = Amount that the investor invests

i = The rate of interest periodically

n = Total number of payments made by the investor to date

Illustration

Suppose, an investor Mr. X invests Rs. 1,000 in his Axis Bank Systematic Investment Plan for a tenure of 1 year, that is, 12 months at a rate of interest of 12%. His future estimated returns will be as follows:

Monthly returns = 12% / 12 = 0.01

Now,

FV = 1,000 ({[1 + 0.01] ^ {12 – 1} / 0.01) x (1 + 0.01)

FV = Rs. 12,809 yearly (approximately)

How to Use Axis Bank SIP Calculator?

Just by entering a few basic details in the Axis Bank SIP Calculator, an investor is able to compute the estimated returns they will receive at the end of the policy tenure. this hassle-free and easy-to-use tool are highly beneficial and the following details are required to get the return value:

Step 1: The monthly amount an investor is willing to invest

Step 2: Mutual fund’s current rate of interest

Step 3: The period for which an investor is willing to invest

Step 4: Maturity value will be reflected just by a click

Advantages of Using Axis Bank SIP Calculator

Following advantages of using Axis Bank SIP Calculator over manual calculation are:

  • Easy usage

  • Accuracy in results

  • Computation of return value is quicker compared to manual calculation

  • Available for all the access

  • It helps in planning the future more effectively

Axis Bank SIP Calculator FAQs

  • Q. How is SIP Calculated?

    Ans: The following formula is used to compound the SIP returns with the help of SIP Calculator:
    FV = P x ({[ 1+ i ] ^ n-1 } / i ) x (1+i)
    Here,
    FV = Future Value (Maturity amount to be received)
    P = Amount that the investor invests
    i = The rate of interest periodically
    n = Total number of payments made by the investor to date
    Example, If Rahul invests Rs. 1,000 for 12 months at the rate of 12% in an Axis bank SIP, then is maturity amount at the end of the tenure will be:
    FV = 1,000 ({[1 + 0.01] ^ {12 – 1} / 0.01) x (1 + 0.01)
    FV = Rs. 12,809 yearly (approximately)
  • Q. Can I withdraw my SIP anytime?

    Ans: Yes, SIP can be withdrawn at any point in time, unless the investments are made in ELSS (Equity Linked Savings Scheme). In ELSS, there is a lock-in period of 3 years.
  • Q. Is SIP safe for investments?

    Ans: Yes, SIP is one of the safest ways of investing in Mutual Funds. Unlike the lump sum method, investments via SIPs help in investing small amounts at regular intervals without over-burdening the investor. It helps in bringing a financial discipline into an investor’s life.
  • Q. Can SIP save taxes?

    Ans: While investing in ELSS (Equity Linked Savings Scheme) Mutual Funds, the investor is allowed to claim tax deductions up to Rs. 1,50,000 under Section 80C of the Income Tax Act, 1961.
  • Q. Is SIP good for long-term investment?

    Ans: Absolutely yes. In fact, SIP provides the best returns if investments are made for a longer-term. 
  • Q. Can I buy SIP online?

    Ans: There are many trustworthy websites where you can sign up and start investing in SIPs in a hassle-free manner. It is advisable to research the market carefully before making any kind of investment.
  • Q. Does SIP have a lock-in period?

    Ans: Open-ended mutual funds do not come with a lock in period. However, the lock in period depends completely on the mutual fund purchased. ELSS mutual funds come with a lock in period of 3 years. Other close-ended mutual funds also come with a lock in period.
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