Systematic Investment Plan (SIP) is the key disciplined approach when it comes to investing in mutual funds. All you need to do is set aside a fixed amount of money regularly, which will help you in generating capital in the long run simultaneously inculcating the practice of savings too.
An SBI SIP calculator will help you to bring close to goal-based investing and help you to progress in terms of financial planning.
In India, the industry of mutual funds has been doing well and it also has witnessed an increased compared to the past decade. As per the data shared by the Association of Mutual Funds in India, the mutual fund industry in India has catapulted to Rs 24.25 trillion from Rs 5.83 trillion.
Undoubtedly, the figures are low when compared to other economies, however, the figures depict that the Indian residents slowly understand the advantages of investing in the mutual funds. Moreover, at this stage of development in regards to such investment instruments, there is still a lot of unawareness and confusion.
Therefore, it is prudent for any prospective investor that they can figure out the amount of return the investment will capitulate. It is then when the SBI SIP calculator will be of much help.
With the help of SBI SIP calculator, one can create a financial cushion, which will help an investor to achieve financial objectives for a short-term and long-term as well. The State Bank of India SIP plans offers a platform for investors who are new to the market and allow you to invest with a low amount every month and let you gain high returns over some time.
In the table below is the list of the best SBI mutual funds SIP to invest in the equity funds 2020:
|Name of the Fund||SIP Investment (Minimum)||1-year||3-years||5-years|
|SBI Banking and Finacial Services Fund||Rs 500||-20.6||2.7||9.2|
|SBI Focused Equity Fund||Rs 500||-4.8||6.9||9.3|
|SBI Healthcare Opportunities Fund||Rs 500||34.6||5.9||1.2|
|SBI Large and Midcap Fund||Rs 500||-11.4||0.9||4.6|
|SBI Magnum COMMA Fund||Rs 500||-3||0.7||7.4|
|SBI Magnum Equity ESG Fund||Rs 500||-10.8||2.7||5.2|
|SBI Magnum Global Fund||Rs 500||2.4||3.5||5|
|SBI Magnum Multicap Fund||Rs 500||-13.1||1||6.1|
|SBI Small Cap Fund||Rs 500||-4||3.6||10.1|
|SBI Technologies Opportunities Fund||Rs 500||0.5||14.4||8|
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
As on 26 June 2020, the returns up to one year are absolute basis and if more than a year is on a CAGR basis respectively.
When it comes to investing in a SIP it is done through a mutual fund, which is done in a planned way. It is almost like an RD, wherein you need to deposit an amount each month towards a scheme of the mutual fund.
As against to investments that are lump sum wherein an investor invests an amount significantly in a plan in simply one go. The SIP’s are strategic and the risk factor is slightly low. Lets us take you through some following points that highlight the importance of using an SBI SIP calculator:
The SBI SIP calculator uses four variables to come at the returns, which are anticipated post the period of investment. Now, the variables are likewise inserted in the following formula that will help to arrive at the anticipated returns.
But before, we take a look at the formula to let us understand the variables that will be in SBI SIP calculation along with the representations below:
Formula: FV = [P x R x (1 + i) n-1/i] x (1 + i)
If you intend to do the SIP calculation manually with the help of this formula it will be cumbersome and the calculation would be complex. In case you are looking to check the different values of the variables for the expected returns then it will be more than time-consuming.
Therefore, to save time and for accurate results, it is advisable to use SBI SIP calculator and efficiently manage your task within time.
Listed below are some of the key advantages of using SBI SIP online calculator:
Invest in the right SIP after consulting with the SBI SIP calculator.
You can easily use the SBI SIP online calculator, which is easily accessible by everyone from anywhere. It is simple to use the SBI SIP return calculators, all you need to do is put the variables respectively in the defined slots.
The SBI SIP calculator will give you the result without taking much of your time and efforts simultaneously.