JM Financial Mutual Fund SIP Calculator
Calculate the returns of your mutual fund SIP investment in just a few minutes.
Monthly SIP Amount
₹
SIP Period
years
Expected Return Rate (p.a)
%
Invested amount
₹ 30,00,000
Estimated returns
₹ 39,66,432
Total value
₹ 69,66,432
Disclaimer: Past performance is not an indicator of future returns
What is an SIP?
SIP is a mode of investing in mutual funds where an investor contributes a fixed amount at intervals, typically on a monthly or quarterly basis. This fixed amount is invested in a chosen mutual fund scheme, helping investors benefit from rupee cost averaging and the power of compounding. SIPs are designed to help investors benefit from stock market’s long-term growth potential in a disciplined and convenient manner.
How to calculate estimated returns with the JM Financial Mutual Fund SIP calculator?
Investing through SIPs can help investors achieve their financial goals systematically. The JM Financial Mutual Fund SIP calculator can be a valuable tool in this journey, providing clarity and direction to your investments.
Using the JM Financial Mutual Fund SIP calculator is simple:
- Enter investment details: Start by entering the monthly amount you wish to invest and the expected rate of return.
- Set investment tenure: Specify the duration for which you intend to invest. This could be any number of years, depending on your financial goals.
- Input rate of return: You can type in an expected rate of return like 10% or 15% depending on the fund you choose to invest in.
- View results: The calculator will instantly display the estimated returns based on the information provided. It will also show the total invested amount and the total value at the end of the SIP period.
How does the JM Financial Mutual Fund SIP calculator function?
The JM Financial Mutual Fund SIP calculator operates on a straightforward formula:
A=P×(1+nr)nt
Where:
- A = Maturity amount
- P = Monthly investment amount
- r = Annual interest rate
- n = Number of times the interest is compounded in a year
- t = Tenure of the investment in years
Instead of manually calculating the estimated amount using the above formula, you can simply use the online calculator and derive the amount in an instant. What’s more, you can use the calculator any number of times to calculate using different investment amounts, tenures and/or rates of return.
Benefits of using JM Financial Mutual Fund SIP calculator
- Accurate planning: Helps in determining the amount needed to achieve financial goals.
- Goal-based investing: Facilitates setting realistic investment goals.
- Easy comparison: Allows comparing different SIP scenarios to make an informed decision.
- Time-saving: Eliminates the need for manual calculations, saving time and effort.
FAQs on JM Financial Mutual Fund SIP Calculator
What are the benefits of investing via SIP?
Investing in SIPs comes with a host of benefits, some of which are listed below:
- It helps in disciplined investing. Since the investments are automated, a fixed amount is paid out of your bank account regularly and invested into the scheme of your choice. This helps to tackle procrastination and delayed investments.
- It reduces the impact of market volatility through rupee cost averaging. Instead of timing the market and trying to find the sweet spot, an SIP helps you invest at different points of the market cycles, thus averaging out your total investments.
What are the different types of SIPs?
There are two major types of SIPs:
- Fixed SIP: In this mode, a fixed amount is invested regularly.
- Flexible SIP: Through this mode, you’re allowed varying the investment amount based on financial situations.
Can I pause or stop my SIP if I need to?
Yes, most mutual fund companies allow investors to pause or stop their SIPs as per their convenience. You can also top-up your SIP as and when your investing budget increases. This is what makes an SIP a convenient and flexible mode of investing in mutual funds.
