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.Read more
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Expected Rate of Return (Yearly)
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 2022:
|Fund||Min SIP Investment||1 YR (%)||3 YR (%)||5 YR (%)||2021 (%)||Since launch (%)|
|SBI Consumption Opportunities Fund Growth||500||37.7||17.5||15.6||35.6||15.4|
|SBI Contra Fund Growth||500||37.6||23||15.4||49.9||16.1|
|SBI Focused Equity Fund Growth||500||22.5||17.6||16||43||19.4|
|SBI Healthcare Opportunities Fund Growth||500||6||23||10.8||20.1||14.3|
|SBI Infrastructure Fund Growth||500||36.5||19||12.6||48.3||6.5|
|SBI Large and Midcap Fund Growth||500||30.3||18.8||14.7||39.3||17.7|
|SBI Magnum COMMA Fund Growth||500||30.9||27.7||16||52||12.7|
|SBI Magnum Mid Cap Fund Growth||500||31.5||23.9||13.2||52.2||16.7|
|SBI Small Cap Fund Growth||500||31.9||27.2||19.7||47.6||20.5|
|SBI Technology Opportunities Fund Growth||500||28.8||29||26.8||66.4||21.6|
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As on 22nd April 2022, the returns up to one year are on absolute basis and if more than a year, then it 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. Let’s 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.
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.
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.
SBI SIP Calculator is an easy to understand financial tool for every investor class, be it a beginner or an expert. An investor can know how much corpus they will create at the end of the tenure just by following these simple steps mentioned below:
Step 1: Drag the slider to the amount you are willing to put in the SBI SIP scheme monthly
Step 2: Drag the next slider to your expected rate of return from the SIP
Step 3: Enter the investment period you are willing to invest for in that SIP
Step 4: The total amount invested, interest earned, and the final maturity amount will be reflected on the screen immediately
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