What Are The Different Ways In Which You Can Use The Axis Mutual Fund SIP Calculator?

While putting money in the market, investors have the option to invest their money in tools such as a systematic investment plan. Through this smart investment plan, investors can opt to invest a part of their earnings periodically. The frequency in which these investments can be carried out ranges from weekly to quarterly. But one of the things people generally ask is “why to invest in SIPs?”. The reason why you should consider doing so is to save money. The fact is that times have changed. There was a time when the income from full-time employment was enough for sustenance. Nowadays, it is better to have a financial plan so that you have some savings left after retirement. One of the numerous AMCs that offer mutual fund schemes is Axis Mutual fund.
But, just selecting a mutual fund scheme is not enough. You also need to opt for the right type of mutual fund. After selecting the right variant of mutual fund schemes, you also need to determine how much you need to invest to achieve your financial goals. To determine the investment amount, you could opt to use the Axis mutual fund SIP calculator. Free and easy to use, the said calculator can be found through a simple inquiry on the search engine of your computer or electronic device. Here are some of the things Axis mutual fund SIP calculator could be used for:

1. A SIP calculator can help you with financial goals:
One of the things you can use the SIP calculator is to know how you can reach your financial goals. For example, you are thinking of investing in a SIP plan for fifteen years for your child’s education. To learn how to reach your goal, you first can visit the Axis mutual fund website. At the site, you will find the free SIP calculator. You can learn how much you need to invest to reach your financial goal by typing in the details.

They will also show the assumed value of your investments:
The SIP calculator will also show you the value of your SIP instalments at the end of your investment tenure. All that’s required of you to is enter details such as the SIP instalment, investment duration and the expected annual rate of return. The SIP calculator will display things like the assumed value of your investment at the end of the SIP tenure. A SIP calculator helps the investors to get a bird’s-eye view of an investor’s mutual fund investments. It helps you to decide on your SIP instalments to achieve your financial goals in time.

2. It helps you to choose the SIP:
One of the best aspects of a SIP calculator is that it shows you the assumed value of your investment after a few years and even decades. On the calculator page, fill up the details Once you have entered these details, the SIP calculator shows you the value of the investment at the end of the SIP tenure that you have chosen. You may enter different SIP instalments in the calculator to calculate the maturity assumed value of your investment. This process helps you to formulate the best plan for your SIP, something that will help you to achieve your financial goals.

3. It helps you to identify your monthly instalments:
Online SIP calculators can be used not only for the things above but can also be used for identifying the monthly instalments you need to pay. Imagine this hypothetical scenario. You want to save ? 78,00,000 at the end of the decade. You also have in mind that you want to reach this target in ten years. But you don’t know how much you need to invest in the plan. So, to learn how much you need to invest, you can pay a visit to the website of the Axis Mutual Fund. Then, proceed to the page of the SIP calculator. There you will find two options; I know my goal and I want to Invest. There, click on I know my goal and add the target (in this case, ? 78,00,000) and then, proceed to add other details such as tenure and expected rate of return. Once you have added the details mentioned heretofore, you will get the answer as ? 61,831. This is the amount you will need to invest in order to accumulate Rs.78,00,000/- by the end of the decade.

4. The calculator will also help you to determine the goal:
Apart from ascertaining monthly instalments, a SIP calculator will also assist you in determining the final goal at the end of the tenure. For example, you can invest ? 8,000 on a SIP with a tenure of 15 years and an 8% rate of return. Once you have added the details you will find that at the end of the tenure, you will be earning ? 19.69 Lac.

The above five methods are some of the ways in which you can use the Axis SIP calculator.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to ? 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd.
Investment Manager: Axis Asset Management Co. Ltd. (the AMC).
Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.

Disclaimer: The calculator alone is not sufficient and shouldn't be used for the development or implementation of an investment strategy. This tool is created to explain basic financial / investment related concepts to investors. The tool is created for helping the investor take an informed decision and is not an investment process in itself. Mutual Fund does not provide guaranteed returns. Investors are advised to seek professional advice from financial, tax and legal advisor before investing.