Exide SIP Calculator

How Does Exide SIP Calculator Work?

The SIP Calculator uses four key parameters to calculate the future value upon maturity of the investment. 

Example of SIP Calculation

With the help of the following example, let us understand how the Exide SIP Calculator works.

Let’s say you wish to invest ₹ 2000 per month for 5 years at a periodic interest rate of 12%. Let’s calculate the future value.

Interest rate (i)= 12% p.a.

Total number of installments (n) = 5 years x 12 = 60 months

Fixed Amount of SIP Installment (p) = ₹2,000

By converting the annual interest rate to monthly and solving the equation based on the formula given above, you arrive at an approximate future value of ₹1,62,000.

So, you come to know that due to the power of compounding, your invested amount of ₹1,20,000 grows in the future. The longer it stays invested, the more it grows on its own growth – that's compounding!

How to Use Policybazaar’s Exide Mutual Fund SIP Calculator?

Here are the steps you can follow to use Policybazaar’s Exide SIP mutual fund calculator above:

If You Know Your Investment Amount:

You can calculate monthly, yearly, or lump sum returns on your investments by following the steps below:

1. Monthly Return Calculation

   • Specify the amount you plan to invest each month.

   • Enter your anticipated annual return rate.

   • Indicate the duration of your investment in years.

   The Policybazaar Exide mutual fund SIP calculator will display the total accumulated amount at the end of your investment period.

2. Yearly Return Calculation

   • Yearly Investment Amount.

   • Expected Annual Return.

   • Investment Horizon

   The calculator will display your estimated yearly returns and the total accumulated amount.

3. Lump Sum Return Calculation

   • Specify the one-time amount you plan to invest.

   • Enter your anticipated annual return rate.

   • Indicate the duration of your investment in years.

   The SIP calculator will display your estimated lump sum returns and the total accumulated amount at the end of your investment period.

If You Know Your Goal Amount:

• Enter the amount you aim to save or you want to generate through your investments.

• Specify the time period you plan to invest for.

• Input the expected rate of return on your investment.

• The Policybazaar Exide SIP calculator will display real-time results of the monthly investment, the total investment you have to make, and the wealth you will gain from that.

What are the Advantages of the Policybazaar Exide SIP Calculator?

The Policybazaar Exide SIP calculator is a popular online tool because of the benefits it offers. Some of the common benefits of using the Policybazaar Exide SIP calculator are:

• Financial Discipline: It can be said that as the Policybazaar Exide SIP calculator provides us with significant information about the amount required to reach our desired future corpus, it instills a disciplined investment habit in us, which is beneficial in the long run.

• Clarity on Investment and Maturity Amount: By taking in your fixed investment amount, tenor, and expected ROI, the Policybazaar Exide SIP calculator shows you your aggregate SIP investment amount as well as the aggregate amount you will earn at the time of maturity.

  

• Calculation of Potential Returns: With the help of the Policybazaar Exide SIP calculator, by adding the prerequisite information to the calculator, you get an estimate of the potential yields on your mutual fund investments made through Systematic Investment Plans (SIPs), helping you to forecast your financial future.

• Selecting the best investment plan: With the help of the Policybazaar Exide SIP calculator, you get a view of the potential returns on your MF SIP investments, allowing you to choose the best SIP plans according to your individual needs.

• Time Saver: Compared to extensive manual calculations, the Policybazaar Exide SIP calculator determines your ROI in a short span of time, saving you time for more important financial decisions.

Conclusion

The Exide SIP Calculator helps you get an idea of what your SIP mutual fund investment would look like upon maturity. It is an easy-to-use, no-cost online tool that is beneficial for new investors as well as for those who have already been investing and wish to stay updated on their investments. Accessing the Exide SIP calculator is the first step towards your mutual fund investment journey.