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SBI SIP Calculator
The SBI SIP Calculator 2024 enables you to calculate your expected returns and maturity amount efficiently and quickly for your preferred investment tenure. It further helps in goal-based investing to achieve future financial goals.
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SIP Benefits
- Start SIP with as low as ₹1000
- No hidden charges
- Save upto ₹46,800 in Tax under section 80 C
- Zero LTCG Tax(Unlike 12.5% in Mutual Funds)
- Disciplined & worry-free investing
In-built life cover
Top Performing SIP's with High Returns*
Invest ₹10k/month & Get ₹1 Cr Tax free*
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SIP Calculator
- SBI SIP Calculator
SBI SIP Calculator 2024
- Monthly
- Yearly
₹
/month
Enter Monthly Investment
Enter Invest for
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/Year
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Total Investment
Maturity Amount
PROJECTED GAINS
Top Funds with High Returns (Past 7 Years)
19.69%
Whole Life Mid Cap Equity Fund
19.68%
High Growth Fund
18.03%
Multiplier
16.5%
Midcap Fund
16.36%
Opportunities Fund
16.23%
Accelerator Mid-Cap Fund II
14.58%
Classic Opportunities Fund
13.4%
Opportunity Fund
13.13%
Flexi Cap
10.56%
Save N Grow Money Fund
- Insurance Companies
- Mutual Funds
| Returns | ||||
|---|---|---|---|---|
| Fund Name | 3 Years | 5 Years | 10 Years | |
| Top 200 Fund Tata AIA | 23.38% | 31.49% |
19.63%
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| Virtue II PNB Metlife | 20.4% | 27.53% |
17.45%
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| Pure Equity Birla Sun Life | 19% | 24.35% |
16.06%
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| Growth Opportunities Plus Fund Bharti AXA | 16.64% | 22.12% |
15.58%
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| Pure Stock Fund Bajaj Allianz | 17.87% | 22.3% |
14.92%
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| Diversified Equity Fund HDFC Standard | 14.19% | 19.71% |
14.66%
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| Equity Top 250 Fund Edelwiess Tokio | 14.79% | 19.51% |
13.5%
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| Growth Super Fund Max Life | 14.1% | 18.9% |
13.05%
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| Equity Fund SBI | 14.45% | 18.58% |
12.61%
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| Multi Cap Growth Fund ICICI Prudential | 15.15% | 18.86% |
12.36%
View Plan
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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%
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| Large and Mid Cap Fund QUANT | 23.27% | 22.69% |
19.64%
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| Flexi Cap Fund PARAG PARIKH | 23.90% | 20.22% |
20.15%
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| Large and Mid Cap Fund EDELWEISS | 20.32% | 18.01% |
16.76%
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| Equity Opportunities Fund KOTAK | 20.22% | 18.98% |
17.44%
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| Large and Midcap Fund MIRAE ASSET | 21.11% | 24.56% |
23.01%
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| Flexi Cap Fund PGIM INDIA | 21.48% | - |
15.13%
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| Flexi Cap Fund DSP | 19.48% | 17.73% |
15.82%
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| Emerging Equities Fund CANARA ROBECO | 18.91% | 22.92% |
20.84%
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| Focused fund SUNDARAM | 18.22% | 16.55% |
15.16%
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Updated as on Apr 2024
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Overview of SBI SIP Plan
SBI SIP, or Systematic Investment Plan, is a disciplined and convenient way to invest in investment funds offered by SBI Mutual Fund^^ (SBI-MF). It allows you to invest a fixed amount of money at regular intervals, typically monthly or quarterly, into a chosen investment fund scheme.
The State Bank of India's SIP mutual fund plans offer a convenient investment option for all types of investors. You can start investing through SBI equity funds SIP with as little as Rs 500 per month and increase the amount over time. Investment in equity funds reaps the highest returns as they are market-linked.
What is a SBI SIP Calculator?
The SBI SIP Calculator is a helpful tool available online that allows you to estimate the potential future value of your investments made through a Systematic Investment Plan (SIP) in various investment funds.
The State Bank of India SIP Calculator makes it easier to plan your SIP investments by providing an accessible way to visualize potential returns. By using this calculator, you can establish a financial safety net that will help you achieve both short and long-term financial goals.
How Can the SBI SIP Calculator Help You?
The following are the benefits of the SIP plan in SBI calculator:
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Future Value Projection: Estimates potential future value based on SIP amount, tenure, and expected return.
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Goal Planning: Aligns investments with specific goals by determining required SIP amounts.
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Risk Assessment: Provides insights into risks and returns, allowing adjustments based on risk tolerance.
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Investment Horizon Analysis: Illustrates the impact of the investment duration on wealth creation through compounding.
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SIP vs. Lump Sum Comparison: Helps compare outcomes and choose between systematic and lump sum investments.
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Adjustable Parameters: Allows customisation by tweaking SIP amount, tenure, and expected return.
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Realistic Expectations: Provides realistic return expectations based on historical performance and market conditions.
People Also Read: Best SIP Plans
How To Calculate Returns Using SBI SIP Calculator?
The SBI SIP investment calculator uses four variables to calculate the expected returns at the end of the investment period. The variables used in the SIP plan in SBI calculator formula are:
Rather than using SIP Calculator calculating the SIP manually using the formula can be challenging and complicated. To save time and get accurate results, it is advisable to use the SBI SIP Investment calculator and efficiently manage your tasks within time.
How To Use Policybazaar - SIP Calculator SBI?
The online SBI SIP calculator is easy to use. All you need to do is enter the following details to get the final results:
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Amount you wish to invest (one-time/monthly/annual)
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Investment period (for which you want to stay invested)
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SIP payment period (for which you want to pay)
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Expected rate of return
After entering these details, the maturity amount and total investment will be displayed on the screen of the State Bank of India SIP Calculator.
What are the Advantages of Using the SBI SIP Calculator?
The SBI SIP calculator streamlines financial planning for investors in India with key advantages:
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Time and Hassle-Free Savings:
SBI SIP investment calculator makes efficient and automated calculations that save time and reduce mental effort.
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Precision in Planning:
The SBI SIP calculator provides accurate results that empower you to make informed decisions.
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Anywhere, Anytime Access:
The Systematic Investment Plan SBI Calculator provides online accessibility, providing flexibility for quick and easy financial planning.
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Adaptability to Market Growth:
The SBI SIP Calculator is a valuable resource in navigating over 1,000 investment fund schemes in a growing market.
In Conclusion
The SBI SIP Calculator 2024 is a valuable tool for anyone looking to invest in mutual funds via a Systematic Investment Plan (SIP). Providing an estimated return on investment based on various inputs, the State Bank of India SIP calculator helps you to make informed decisions to achieve your financial goals. Moreover, the user-friendly interface of SIP Return Calculator of SBI makes the calculations easy for people of all ages.
FAQ's
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Can I pause or stop my SIP mid-way?
Yes, most SIPs offer the flexibility to pause or stop investments mid-way. You can opt for a systematic withdrawal plan or simply stop contributing based on your financial needs. -
Can I switch between different SIP schemes?
Yes, you can typically switch between different SIP schemes within the same fund house. This flexibility allows you to reallocate your investments based on changing financial objectives. -
How often can I change my SIP amount?
The frequency of changing SIP amounts depends on the specific mutual fund's terms. Some funds offer flexibility in adjusting the SIP amount, while others may have limitations. You should check the fund's guidelines for clarity. -
What is the SBI SIP Calculator and how does it work?
The SBI SIP Calculator is a tool that helps you estimate the potential returns on your Systematic Investment Plan (SIP) in an SBI Mutual Fund scheme. It takes into account your investment amount, investment period, expected return rate, and frequency of contributions to provide an estimate of the maturity value and total returns. -
What information do I need to use the SBI SIP Calculator?
You will need to enter your desired monthly SIP amount, investment tenure (in years), expected annual return rate, and the date of your first investment in the SIP Return Calculator of SBI. -
Is the SBI SIP Calculator accurate?
The Systematic Investment Plan SBI calculator provides an estimate based on historical data and assumptions. The actual returns may vary depending on various factors like market fluctuations, expense ratios, and dividend payouts. -
What are the benefits of using the SBI SIP Calculator?
The State Bank of India SIP calculator helps you in the following:-
Plan your investments by understanding the potential returns.
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Compare different investment options by checking returns for different SIP amounts and tenures.
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Set realistic financial goals based on achievable returns.
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*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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