SBI SIP Calculator

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.

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An SBI SIP calculator will help you to bring close to goal-based investing and help you to progress in terms of financial planning.

Understanding SBI SIP Calculator

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.

How is the Mutual Fund of SBI SIP Calculator Helpful?

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 use of State Bank of India SIP calculator will provide with the right estimate in regards to the SIP returns. However, as the mutual funds are mostly subject to the risk of the market, therefore, the result would slightly vary.
  • When it comes to calculating the SIP specifically manually then it is complicated. Even though one knows the formula, it takes a good amount of time. The SBI SIP calculator online will provide you with the correct results in a few seconds.
  • Financial planning for your future is important and using SBI SIP calculator makes the work convenient and hassle-free providing accurate results. The SBI SIP return calculator is easy to access and you would not require any subject matter advisor to use at any point in time.

Using SBI SIP Returns 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:

  • FV: The future value
  • P: Amount of SIP
  • R: Expected rate of return
  • i: Compounded rate of return
  • n: Total number of instalments done

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.

What are the Advantages of using SBI SIP Calculator?

Listed below are some of the key advantages of using SBI SIP online calculator:

  • This use of SBI SIP calculator will give you peace of mind and will also save you precious time.
  • The calculations done on the SBI SIP online calculator will provide you with instant results, which will help the investor to plan for the finances for the future.
  • The SBI SIP online calculator can be used from any point across the globe. The use of this SBI SIP calculator has made the calculations easy.

Invest in the right SIP after consulting with the SBI SIP calculator.

How to Use SBI SIP Return 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.

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SBI SIP Calculator Reviews & Ratings

4.3 / 5 (Based on 25 Reviews)
(Showing Newest 25 reviews)
Raj
Ooty, September 02, 2020
Start with minimum amount
I have recently got the SIP plan from the policybazaar and it is really easy to get the plan from the online market. Not only this you can also start from the minimum amount of Rs. 500. It is very much convenient in nature and I really love my plan. Thank you policybazaar.
Adnan
Kohima, September 02, 2020
Great assistance
I have got the good amount of benefits from the policybazaar. The customer care team of policybazaar is very good and they understood my query very well. Thank you so much team for better assistance.
Suraj
Yamunanagar, September 01, 2020
Long term and beneficial
It is always a preferred thing that to get the SIP plan for the longer period of time. I really like the plan as I wanted it to be invested for at-least 10-12 years so that I can get the optimum profit out of the same. Thank you policybazaar.
Sonu
Bhilaad, September 01, 2020
Investment plan
I have taken the pension plan from the policybazaar and it is one of the best investment plan. It has the long term effect on the person and I can easily invest and can get the better returns in the future. Thank you policybazaar.
Ananya
Islampur, May 25, 2020
Online process
The whole process of buying the policy is on online basis. It was quite easy as I searched on website and explored various plans. I found it good and bought one.
Ashish
Sarsawa, May 24, 2020
Convenience
I am very impressed with the services of policybazaar. They are really quick. Also, it is very convenient to buy the investment plan.
Kushal
East Midnapore, May 23, 2020
Long term gains
It is the process of long term gain and to sustain our future from certain hurdles. As the things have become expensive and we should save money. So, these investments plans helps in saving money.
Divyanshu
Hagaribommanahalli, May 22, 2020
Great support system
I love the services of policybazaar and the employees working there. It’s really nice that they gave me a lot many choices related to the investment plans. Unique way to invest.
Vijay
Mansur, May 21, 2020
Choices are given
While you are planning to take the SIP from policybazaar. You can have a lot many choices to choose out of different investment plans. I got the best one and I like it.
Manish
R.g.pur, May 11, 2020
A call away
I am happy that I bought my SIP plan from policybazaar. As they are just a call away. I was having a problem with my SIP and they resolved in few minutes.
Kishan
Sialhawk, May 10, 2020
Flexibility
I can see that SIP are flexible in nature. We can choose any kind of Mutual fund and also the amount which we have to invest. Quite simple.
Jatin
Vizianagaram, May 10, 2020
Helps in financial way
It helps me in dealing with financial things. As nowadays everything has become too costly. But with the help of SIP I can manage with my finances and can save money every month for a long term investment.
Vijay
Dabhoda, May 09, 2020
Good customer service
The customer service team of policybazaar is very nice. I was in a doubt before buying a SIP plan, but with the help of them I got to know about a best plan which is according to my budget.
Rakesh
Adimali, May 07, 2020
Best Returns
I recently purchased the SIP plan for me and for my wife. I found it totally good and apt for us. It is a long term investments with great number of benefits. Thank you team policybazaar for such nice plan.
Tripti
Agalpur, April 08, 2020
One stop and best plans
I got the SIP plan with the help of policybazaar. It is one stop solution. With great returns and monthly plan I am very satisfied. If so ever I need help from the customer care team they are available to help me.
Madhuban
Zotlang, April 06, 2020
Great Returns
It is a great source of return. I have started doing it from last 2 years and I am feeling relaxed that after a certain age I would be having a good amount of money with better returns.
Mustafir
Agra, April 03, 2020
Good policy
SIP plan is quite trending and useful nowadays. It has reflected a great impact on our society. As people are more concern about future planning and saving the money. Even the SIP plans gives us good returns after a certain period of time.
Varun
Adivada, March 31, 2020
Good customer care
The customer care team is quite helpful and nice. I got full and accurate information from them. They are not so disturbing. They have a good knowledge related to the product.
Vaibhav
Ahmedpur, March 27, 2020
Easy to get plan
It is easy to get the plan. I just visited the website of policybazaar. And I got various plans. Then I called the customer care team and they explained me about each and every plan. I chose the best one.
Subhas
Ahmedpur, March 23, 2020
Good plans
I visited the website of policybazaar and found good number of plans for future savings and investments. SIP is very important for everyone who wants a good satisfaction and more savings in his or her life. I would love to recommend all these plans to my friends and family.
Keshavkant
Jatga, January 20, 2020
Reach Your Goals
After a certain period of time you can reach your goal. I have seen that higher you invest there will be higher risk but you can earn well. But lower the investment low risk and low returns. Well, I have started with a less amount so that I can check and analyse. But gradually after sometime I will get a good amount. Thanks policybazaar.
Jaikant
Pathankot, January 13, 2020
Earn Money on your Investment
It is a good way to invest money and you can earn benefits and profits in your money only. A convenient way to invest and utilise your amount. Initially I found it little bit confusing but after a while everything is being okay. People who are planning in a long term investments can do such things.
Sailja
Satlasana, January 08, 2020
Systematic Investment Plan
It is a good plan. My friend recommended me to get this plan so that I can invest some amount of money into this. Ultimately I will gain benefits after a certain period of time. It is a good plan by policybazaar and I would recommend to everyone.
Zakir
Machantola, December 31, 2019
Systematic way for making money
I have gone through the plans of policybazaar. And found that it is a systematic way to invest and gain money. The whole process is simple and you can check on time to time basis regarding your investments.
Vishal
Ara, December 26, 2019
Good Returns In Long Term
I feel that while investing into this plan I have gained knowledge regarding the same. Also, after a certain good investment I will get the good returns. Though it is long term process but surely will be good for my future. Thank you team policybazaar.
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