Systematic Investment Plan helps in attaining the financial objectives of the investor by investing at periodic intervals. The disciplined approach to invest over a pre-determined tenure helps the investor to get desired returns. SIP also helps them to build a regular savings’ habit.
Whatever investment you make, your objective is to achieve the desired returns. So, no matter whether you invest through SIP or lumpsum, you are focused on attaining those goals. But, to make the financial planning of your investment, you are required to calculate the investment amount you need to invest through SIP or lump sum over a period. To calculate this information, you have to do complex compounding calculations by taking different rate of returns. You will need an expert or a tool that can calculate the desired results instantly. MySIPonline offers three calculators to get expected returns according to your financial needs.
Here Are Three Calculators to Plan Your Investment Accordingly.
- SIP Calculator to Calculate Expected Target Amount
To calculate the expected amount which you will get after investing monthly through SIP over a period at an expected return percentage, MySIPonline offers a free tool. The SIP return calculator calculates the amount automatically when you provide the details. In blank fields, you have to mention the monthly investment amount, time horizon, and the expected return in the blank fields.
SIP calculator also provides information about the total amount invested through SIP and wealth gain in the plan. You can alter the values in different fields to make it equal to what you expect as a final return. You need to be smart in changing the information as increasing expected rate of return will increase the risk-factor as well. By fixing the expected rate of returns, you can alter the monthly investment through SIP to make sure that you have fixed your risk-appetite.
- SIP Reverse Calculator to Calculate Monthly SIP
SIP Reverse Calculator calculates the amount you will need to invest each month through SIP. In SIP Reverse Calculator, you can fix the target amount and change the time horizon and the expected rate of returns accordingly. This tool is also free and you can use it anytime by simply visiting the website of MySIPonline.
For the investors who have a fixed target amount in mind to achieve through SIP investment, the calculator will calculate the monthly amount to invest.
- Lumpsum Calculator to Calculate Wealth Gain
The Lumpsum Calculator works the same as SIP calculator, and the only difference comes in planning method. In Lumpsum Calculator, you can calculate the expected value of returns for a fixed time horizon at an expected rate of returns provided by investors. Based on fundamentals, the lump sum calculator calculates the compound interest on lump sum amount or one-time amount to get the desired result in a different time interval and expected rate of returns.
Apart from the calculation provided by the calculators, MySIPonline also provides portfolio suggestion to investors to achieve the desired results. The SIP calculator and lumpsum calculator are useful for all as they can use it accordingly. If you have any query regarding the regular plans, you can contact experts at MySIPonline by mentioning in the below-provided link and get the assistance ASAP. https://goo.gl/WofRJm
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