{"id":5599,"date":"2023-08-10T07:13:10","date_gmt":"2023-08-10T07:13:10","guid":{"rendered":"https:\/\/ayushmanuttarakhand.org\/?p=5599"},"modified":"2023-08-10T07:13:10","modified_gmt":"2023-08-10T07:13:10","slug":"the-basics-of-a-sip-calculator","status":"publish","type":"post","link":"https:\/\/ayushmanuttarakhand.org\/the-basics-of-a-sip-calculator\/","title":{"rendered":"The Basics of a SIP Calculator\u00a0"},"content":{"rendered":"\n
Systematic Investment Plan has emerged as one of the most popular mutual fund investment routes in recent years owing to its investor-friendly features and the benefit of the power of compounding. While SIP helps develop a disciplined approach toward investment, it can only prove to be lucrative only if planned properly.<\/p>\n\n\n\n
To elaborate, individuals must determine whether investing in mutual funds via SIP can help them achieve their financial goals and build a reliable corpus down the down. <\/p>\n\n\n\n
This is where a financial tool like a SIP calculator can prove extremely helpful in ascertaining the SIP returns. Of course, investors can compute the returns on SIP manually. However, such a method is often cumbersome and runs the risk of errors. <\/p>\n\n\n\n
Take a look at the article below to know more about an SIP calculator and how the same plays a crucial role in investment planning. <\/p>\n\n\n\n
What is a SIP Calculator? <\/strong><\/h2>\n\n\n\n
A SIP calculator is an investment tool that is designed to help users estimate the returns on their systematic investment plan. The online investment tool weighs in factors such as principal amount, interest rate, tenure, and compounding frequency to determine returns on investment. <\/p>\n\n\n\n
Such a calculator comes preloaded with a formula that helps compute returns within a few seconds of entering investment details. <\/p>\n\n\n\n