Axis Bank SIP Calculator 2024

Axis SIP calculator enables investors to calculate their expected returns efficiently and quickly. Axis Bank, formerly known as UTI Bank, is a leading financial institution in India with a long history of serving customers. The bank provides a variety of investment options and policies to help individuals build a strong financial portfolio. One of the popular investment options is Axis Bank SIP (Systematic Investment Plan), a type of mutual fund^^ investment where individuals make regular contributions over a predetermined period.

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Axis Bank SIP Calculator
  • Monthly
  • Yearly
/month
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/Year
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Total Investment
Maturity Amount
PROJECTED GAINS
Top Funds with High Returns (Past 7 Years)
Whole Life Mid Cap Equity Fund
20.62%
Whole Life Mid Cap Equity Fund
High Growth Fund
19.31%
High Growth Fund
Multiplier
18.29%
Multiplier
Midcap Fund
18.1%
Midcap Fund
Accelerator Mid-Cap Fund II
17.02%
Accelerator Mid-Cap Fund II
Opportunities Fund
16.87%
Opportunities Fund
Classic Opportunities Fund
15.15%
Classic Opportunities Fund
Opportunity Fund
14.1%
Opportunity Fund
Flexi Cap
13.87%
Flexi Cap
Save N Grow Money Fund
10.74%
Save N Grow Money Fund
  • Insurance Companies
  • Mutual Funds
Returns
Fund Name 3 Years 5 Years 10 Years
Top 200 Fund Tata AIA 24.43% 27.41%
20%
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Virtue II PNB Metlife 22.84% 23.95%
18.43%
View Plan
Pure Equity Birla Sun Life 20.73% 19.37%
17.32%
View Plan
Growth Opportunities Plus Fund Bharti AXA 19% 18.9%
16.39%
View Plan
Pure Stock Fund Bajaj Allianz 18.04% 18.28%
16.22%
View Plan
Equity Top 250 Fund Edelwiess Tokio 17.03% 16.2%
14.54%
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Blue Chip Fund HDFC Standard 14.86% 14.75%
13.49%
View Plan
Growth Super Fund Max Life 15.55% 15.35%
13.4%
View Plan
Equity Fund SBI 15.68% 14.93%
12.98%
View Plan
Multi Cap Growth Fund ICICI Prudential 16.35% 13.71%
12.98%
View Plan

Updated as on Apr 2024

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Returns
Fund Name 5 Years 10 Years RSI
Active Fund QUANT 27.62% 23.96%
21.08%
Large and Mid Cap Fund QUANT 23.27% 22.69%
19.64%
Flexi Cap Fund PARAG PARIKH 23.90% 20.22%
20.15%
Large and Mid Cap Fund EDELWEISS 20.32% 18.01%
16.76%
Equity Opportunities Fund KOTAK 20.22% 18.98%
17.44%
Large and Midcap Fund MIRAE ASSET 21.11% 24.56%
23.01%
Flexi Cap Fund PGIM INDIA 21.48% -
15.13%
Flexi Cap Fund DSP 19.48% 17.73%
15.82%
Emerging Equities Fund CANARA ROBECO 18.91% 22.92%
20.84%
Focused fund SUNDARAM 18.22% 16.55%
15.16%

Updated as on Apr 2024

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The Axis SIP Calculator is a tool that helps investors estimate the returns they will receive from an SIP investment.

What is Axis Bank SIP?

To fully understand the Axis Bank SIP Calculator, it is important to know what SIP is. Axis bank SIP is a form of mutual fund investment where an individual invests a fixed amount regularly, either monthly, weekly, or quarterly, for a pre-defined period. This type of investment allows individuals to achieve substantial returns over time.

What is Axis Bank SIP Calculator 2024?

SIPs have become increasingly popular in recent years due to their high returns, ease of access, and convenient investment process. The Axis Bank SIP Calculator is a financial tool that helps investors calculate the returns from their SIP investment by inputting basic information. The SIP calculator provides an estimate of the number of investments needed to achieve a desired financial goal, but it is important to note that actual returns may differ due to market factors.

Benefits of Using Axis Bank SIP Calculator 2024

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 SIP Calculator 2024 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 the Axis Bank SIP Calculator 2024?

The AXIS SIP Calculator simplifies the process of estimating returns on mutual fund investments through Systematic Investment Plan (SIP). All an investor has to do is input a few basic details and the calculator will compute the estimated returns at the end of the policy tenure. This user-friendly tool requires only minimal information to give investors an idea of the expected returns, 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 2024

Following advantages of using Axis 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

How to invest in Axis Bank SIP in 2024?

Axis Bank SIP, also known as Systematic Investment Plan, is a popular investment option for those looking to build wealth in the long term. Here's a step-by-step guide on how to invest in Axis Bank SIP:

  • Open a savings account with Axis Bank: If you don't have an account with the bank, visit the nearest branch and open a savings account. This will be required to start a SIP.

  • Choose a mutual fund: Decide on the mutual fund scheme you want to invest in through Axis Bank SIP. You can choose from a variety of schemes such as equity, debt, and balanced funds, based on your investment goals and risk appetite.

  • Fill out the SIP form: Once you have chosen the mutual fund, fill out the SIP form available at the bank or online. You'll need to provide personal details and investment information.

  • Provide NACH Mandate: To start the SIP, you'll need to provide NACH (National Automated Clearing House) mandate, which authorizes the bank to debit your savings account every month.

  • Choose the SIP amount: Select the amount you want to invest each month and the date you want to start the SIP. You can also choose to invest a fixed amount or increase the amount over time.

  • Start your SIP: Once you have completed all the steps, your Axis Bank SIP will start on the date you have chosen. The bank will debit the specified amount from your savings account every month and invest it in your chosen mutual fund.

By investing in Axis Bank SIP, you can benefit from the power of compounding and the convenience of regular investments.

Why should one invest in Axis Bank SIP?

  • By investing a fixed amount regularly, even a small amount, you can accumulate a substantial corpus over the long term. The axis SIP calculator can help you understand the potential returns on your investment.

  • SIP also provides the advantage of cost averaging, as you buy more units when the market is low and fewer units when the market is high. This helps reduce the average cost per unit and thus, reduces the risk of market fluctuations.

  • With the Axis bank SIP calculator, you can calculate the amount of money you need to invest each month to reach your financial goals. You can choose the frequency of your investments, whether it's weekly, monthly, or quarterly, and make changes to the amount invested as per your convenience.

  • Additionally, SIP investment helps instill a disciplined saving habit, encouraging you to save a portion of your income regularly, rather than making lump-sum investments.

Conclusion: 

In conclusion, the AXIS SIP Calculator is a useful tool for investors looking to plan their investments in mutual funds through the Systematic Investment Plan (SIP) route. It provides an easy-to-use interface to calculate the estimated returns based on the amount invested, the frequency of investment, and the expected rate of return. The calculator enables investors to make informed investment decisions, keeping their financial goals and risk tolerance in mind. By using this tool, investors can ensure that their investment portfolio is aligned with their financial goals, and they can keep track of their investments with ease.

FAQ's

  • Best AXIS bank SIP plans

    Axis Bank offers a wide range of SIP investment Plans to invest in according to one’s own choice and suitability. Let’s take a look at some of the best performing Axis Bank SIP Funds.
    Fund Name 1 Year (Returns) 3 Years (Returns)
    Axis Small Cap Fund Direct-Growth 5.50% 23.84%
    Axis Midcap Direct Plan-Growth -0.25% 17.83%
    Axis Growth Opportunities Fund Direct - Growth -4.53% 17.55%
    Axis Flexi Cap Fund Direct - Growth -5.42% 11.49%
    Axis Bluechip Fund Direct Plan-Growth

    -3.85% 10.55%
  • Can I open SIP in Axis Bank?

    Axis Bank gives its customers the option to initiate a Systematic Investment Plan (SIP) in mutual funds from 21 Asset Management Companies. To start a SIP in various schemes offered by these 21 AMCs, visit the website https://axisbank.com/investments.
  • How will my Axis Bank SIP affect my pension?

    The impact of an Axis Bank Systematic Investment Plan (SIP) on your pension would depend on various factors such as your current pension plan, the amount of money you are investing through SIP, and the length of time you have been investing in the SIP.
  • What is the minimum SIP amount that I can contribute?

    Generally, the minimum SIP amount can range from as low as ₹500 or more. It is best to check with your financial institution for their specific minimum SIP amount.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^10(10D) Tax benefit are for Investments made up to Rs.2.5 L/ yr and are subject to change as per tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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