SIP Calculator :-
There are two ways of investing in mutual funds one is Lump sum & the other
is through SIPs i.e. (Systematic Investment Plans). Out of these two options, SIP
is considered as the best option to invest into mutual funds as it makes your
investments work in a disciplined manner. If you are investing through SIPs a
specific amount will be deducted from your account at a specific time interval
to invest in a fund. SIP provides the option of investing with different
frequencies (daily, weekly, monthly, quarterly, yearly etc). Investors can avail
the frequency mode what suits their requirements.
The major benefit of investing through SIP in mutual funds is that you can start
your investment with smaller amounts and this reduces the burden of
investing a big amount altogether.
Investment through SIP can be considered powerful, as SIP works on the Power
of Compounding concept which in simple words, can be defined as the
creation of a huge amount through smaller investments overtime.
SIP Calculator is a tool which helps you depict two types of figures from your
investments. The first figure shows the value of SIP (regular amount of
investment) to build a required corpus after a specific term (no. of years) & the
second figure shows the future value of your invested money by taking into
account the amount of SIP for a specified time period and with the expected
rate of interest.