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SIP(Systematic Investment Plan) mutual fund investment is the easiest way of creating a corpus for the future. By investing in a periodic manner using a small amount of money one can easily get associated with varying investment plans. As the plan is made to simplify the investment procedure and facilitate the investor an ease of investing, SIP is proved to be the most efficient investment strategy. It aims to offer highest returns with a minimum cost involvement.
For making your SIP investment plan even more effective, mutual fund SIP calculator is designed which can assist you in making the best plan for your future. SIP calculator is a tool or a device, which calculates the value of your investment well before its maturity. So, one need not wait for the maturity period to end to know the returns fetched from the investment. Instead, one can calculate it before putting the money into any mutual fund investment scheme.
The most important features of SIP investment calculator which make it an acceptable device are as under:
User-Friendly: The mutual fund investment calculator is structured using graphic interface which makes the device easier to use. Even a layman can fetch the benefit of this tool and use it for making plans for investment. It simply asks for a few things using which it generates the value of an investment at the time of maturity. Mainly these three items are asked by the tool to be filled for making calculations:
Amount of investment one can put on a monthly basis
Rate of interest expected from the investment
Number of years for which the investment is to be made
Accuracy: As we all know that due to high inflation, the value of rupee is depreciating day by day. So, it is crucial to consider the time value of money while calculating the returns on investments. Taking the same thing in mind, the mutual fund investment calculator is designed. By considering the net present value(NPV), internal rate of return(IRR) and various other important terms, the formula for calculating SIP return is generated and SIP calculator has this formula inbuilt which assures accuracy in results.
Swift Planning: The easy to use mechanism and ability to produce accurate results has made SIP calculator, an SIP planner. One can take quick decisions of investments by using this tool.
Thus, one can make an efficient planning using the mutual fund SIP calculator and know well in advance the worth of one’s investment at maturity.
The SIP calculator provides an ease and comfort of investment planning, and enables one to choose the most efficient scheme out of thousands of schemes present in the market.
If you too desire to make an effective investment plan and want to take the best decision for creating a fortune, you can avail the services of MySIPonline, which offers various facilities and tools including SIP calculator that can be used for making the best SIP investment plan.