Tata AIA SIP Calculator

The Tata AIA SIP Calculator is a free online tool that helps you estimate the returns on your Systematic Investment Plan (SIP) investment in Tata AIA Life insurance company. It is a useful tool for anyone who is considering investing in SIP. It can help you to determine how much money you need to invest each month to reach your financial goals.

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SIP Benefits
Start SIP with as low as ₹1000
Start SIP with as low as ₹1000
No hidden charges
No hidden charges
Save upto ₹46,800 in Tax
Save upto ₹46,800 in Taxunder section 80 C
Zero LTCG Tax
Zero LTCG Tax^ (Unlike 10% in Mutual Funds)
Disciplined & worry-free investing
Disciplined & worry-free investing

  • Insurance Companies
  • Mutual Funds
Returns
Fund Name 3 Years 5 Years 10 Years
Top 200 Fund Tata AIA 26.56% 26.54%
20.86%
View Plan
Virtue II PNB Metlife 24.33% 22.69%
18.63%
View Plan
Pure Equity Birla Sun Life 22.64% 18.83%
17.7%
View Plan
Growth Opportunities Plus Fund Bharti AXA 19.93% 18.63%
17.36%
View Plan
Pure Stock Fund Bajaj Allianz 19.11% 17.33%
17.09%
View Plan
Blue Chip Fund HDFC Standard 15.73% 14.59%
14.41%
View Plan
Growth Super Fund Max Life 16.34% 15.13%
14.21%
View Plan
Multi Cap Growth Fund ICICI Prudential 17.16% 13.44%
13.72%
View Plan
Equity Fund SBI 16.39% 14.54%
13.61%
View Plan
Equity II Fund Canara HSBC Oriental Bank 15.5% 12.24%
11.85%
View Plan

Updated as on February 2024

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Returns
Fund Name 3 Years 5 Years 10 Years
Large Cap Fund Nippon India 29.93% 13.24%
15.61%
Bluechip Fund SBI 25.15% 11.92%
14.89%
Cap Fund Edelweiss Large 23.18% 11.65%
13.39%
Frontline Equity Fund Aditya Birla Sun Life 23.99% 10.97%
13.83%
Bluechip Fund ICICI Prudential 24.53% 12.30%
14.46%
Large Cap Fund Mirae Asset 22.52% 11.85%
16.14%
Bluechip Equity Fund Canara Robeco 21.21% 13.50%
13.82%
Bluechip Growth Kotak 23.03% 12.46%
13.64%
Large Cap Fund Baroda BNP Paribas 20.40% 12.54%
14.27%

Updated as on February 2024

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Let’s discuss the features and benefits of the Tata AIA SIP Calculator and provide a step-by-step guide on how to use it effectively.

What is Tata AIA SIP Calculator?

The Tata AIA SIP Calculator is a powerful financial tool designed to assist investors in planning and analyzing their Systematic Investment Plans with Tata AIA Life Insurance. The calculator empowers individuals to make well-informed decisions by providing accurate projections of potential returns on their investments over a specific period.

How to Use Tata AIA SIP Calculator?

Using the Tata AIA SIP Calculator is simple and user-friendly. Follow these steps to harness the full potential of this tool:

  • Visit the Tata AIA SIP Calculator.

  • Provide the duration of your SIP, indicating the number of years you wish to invest.

  • Input the amount you want to invest in each SIP installment.

  • Specify the expected rate of return on your investment.

  • Lastly, click the "Calculate" button to obtain the results.

You can adjust the investment amount, tenure, and expected returns to see how different parameters impact your investment growth.

People also read: Tata Life Flexi Growth Fund NFO

How Does Tata AIA SIP Calculator 2023 Work?

The Tata AIA SIP Calculator for the year 2023 is built on experienced algorithms that consider the latest market trends and historical data. It uses a precise and dynamic approach to calculate potential returns, ensuring that investors receive accurate projections based on the current economic landscape.

The calculator factors in the power of compounding, where the returns from previous periods are reinvested, leading to exponential growth over time. This mechanism enables investors to witness substantial growth in their SIP investments, helping them achieve their financial goals.

How to Calculate Tata AIA SIP Returns 2023?

The Tata AIA SIP Calculator uses the compound interest formula to determine the potential returns on investments. The specific formula used for these calculations is as follows:

FV = P x ({[ 1+ i ] ^ n-1 } / i ) x (1+i)

Here:

FV = Future Value (The amount to be received after maturity)

P = amount that the investor invests

i = The rate of interest periodically, that is, annual return rate percentage / 12

n = Total number of months

Example 

Kaneeka invests Rs. 5,000 monthly at 14% through ELSS Fund SIP. If she selects the tenure of 10 years, then the returns will be:

FV = 5,000 x ({[ 1 + 0.14] ^ 120 – 1} / 0.14) x (1 + 0.14)

FV = Rs. 13,10,000

Total returns = Future Value – Invested Amount throughout the tenure

Total returns = Rs. 13,10,000 – Rs. 6,00,000

Total returns = Rs. 7,10,000

What are the Benefits of Tata AIA SIP Calculator 2023 in India?

Here are the benefits of the SIP Calculator:

  • Informed Decision-Making: The SIP calculator provides investors with valuable insights into the growth potential of their investments. This information enables them to make informed decisions about their financial planning and set realistic goals.

  • Customization and Flexibility: Investors can experiment with various investment amounts, tenures, and expected returns to tailor their SIPs according to their financial capabilities and aspirations.

  • Realistic Goal Setting: The calculator helps individuals set achievable financial goals by providing a clear picture of what they can expect from their SIP investments over time.

  • Time-Saving: Rather than manually calculating numbers, the calculator swiftly computes projections, saving investors time and effort in their investment planning process.

Wrapping it up! 

By leveraging this user-friendly tool, investors can begin their financial journey with confidence and work towards securing a prosperous future.

FAQ's

  • Are there any charges or fees to use the TATA AIA SIP Calculator?

    No, the TATA AIA SIP Calculator is a free-to-use tool available on their website. There are no charges or fees for accessing and utilizing the calculator.
  • Is the TATA AIA SIP Calculator accurate?

    The TATA AIA SIP Calculator provides reasonably accurate estimates based on the data provided.
  • Can I use the SIP Calculator on my mobile device?

    Yes, most SIP calculators, including TATA AIA's, are designed to be mobile-responsive and can be accessed on smartphones and tablets.

+For Mutual Fund midcap category Returns https://www.morningstar.in/tools/mutual-fund-category-performance.aspx & for Insurance midcap fund category Returns- https://www.morningstar.in/tools/insurance-fund-category-performance.aspx
*Past 10 Year annualised returns as on 01-12-2023
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^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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