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A SIP calculator(https://www.edelweissmf.com/investor-education/mutual-fund-calculators/sip-calculator) is a simulation, which allows individuals to estimate the return on their mutual fund investments made through SIP. SIP calculators are designed to give potential investors a heads up on their mutual fund investments. However, the actual returns offered by a mutual fund scheme varies depending on various factors. The SIP calculator does not account for the exit load and expense ratio
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What is SIP? An SIP is a systematic investment plan which lets you invest a fixed amount periodically in a selected mutual fund. For example, if you start a monthly SIP of ₹5,000 in a mutual fund, that amount will automatically be deducted from your bank account and invested in that mutual fund every month on the pre-decided date. This makes an SIP an automated way to invest.
What is SIP Calculator? • A SIP calculator is a simulation, which allows individuals to estimate the return on their mutual fund investments made through SIP. • Investing through SIPs in mutual funds has become one of the most popular investment options for millennials these days. • SIP calculators are designed to give potential investors a heads up on their mutual fund investments. • However, the actual returns offered by a mutual fund scheme varies depending on various factors. • The SIP calculator does not account for the exit load and expense ratio (if any). Start using a SIP Calculator today!
How does SIP Calculator work? • A SIP calculator works by the values entered by the users. • The users are to enter their amount of investment, frequency of investment, duration of investment, and the expected returns. • The SIP calculator is designed based on the compound interest formula. • The compounded interest powers the mutual fund returns.
