SIP Calculator 1.4.0
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Free Version
Publisher Description
SIP Calculator - SIP Calculator for calculating mutual fund investment returns
SIP Calculator is a FREE app that contains all the financial and mutual fund calculators in it. SIP Calculator helps you calculate the wealth gain and expected returns for your monthly SIP (Systematic Investment Plan). You can plan your long term financial goal like buying house, car etc. by getting an estimate on the maturity amount for your monthly SIP.
What is SIP?
SIP stands for Systematic Investment Plan. Using SIP, one can invest small amounts periodically (weekly, monthly, quarterly) into a selected mutual fund. For investors (especially salaried), SIP offers a well-disciplined approach to investing and to create wealth in the long term using the power of compounding.
How does it work?
1. Enter the amount you wish to invest every month in a SIP (Systematic Investment Plan)
2. Choose the number of years (Tenure) you wish to continue the investment for.
That simple!
SIP calculator will automatically calculate the amount of ROI (Return on Investment) and Maturity Value. SIP returns are calculated according to compound interest.
Example:
Monthly SIP Amount: 5,000
Tenure (Years): 20
Rate of Return (%): 15.0%
Investment Amount: 12,00,000
Return on Investment Amount: 63,79,775
Maturity Value: 75,79,775
Advantages of SIP
1) A Disciplined Approach to Investing
SIP offers a well-disciplined approach to creating wealth for the long term. It helps you develop a habit of saving. Since the amount invested through SIP is on a regular interval (usually on a monthly basis), it also reduces the impact of market volatility. If you are new to investing, an automated SIP is a great way to begin.
2) Take Advantage of Rupee Cost Averaging
Since the amount invested is constant, one buys more units when the price is low and fewer units when the price is high. This means that the average cost is lower.
3) Higher Returns
The key to growing your wealth is to start early and make regular investments. With SIPs, the minimum amount required to start an investment is very low, making it easy to start investing right away. A SIP of Rs. 5000 for 20 years can give you returns more than Rs 75 Lakhs.
You can use the SIP Calculator app for the following:
⁃ SIP Calculator
⁃ Mutual Funds Return Calculator (Lumpsum)
⁃ Recurring Deposit Calculator
⁃ Reverse SIP calculator
⁃ Step up Calculator
⁃ National Pension Scheme (NPS) Calculator
⁃ Sukanya Samridhi Yojana (SSY) Calculator
⁃ Systematic Withdrawal Plan (SWP) Calculator
⁃ Public Provident Fund (PPF) Calculator
⁃ National Saving Scheme (NSC) Calculator
What are the different mutual funds in India which offer SIP investments?
There are more than 35 mutual fund houses (AMC’s) which allow investments in SIP. Few of them are listed below:
SBI Mutual Fund
HDFC Mutual Fund
Reliance Mutual Fund
Franklin Mutual Fund
DSP BlackRock Mutual Fund
Birla Mutual Fund
Axis Mutual Fund
IDFC Mutual Fund
Kotak Mutual Fund
L&T Mutual Fund
Mirae Mutual Fund
Invesco Mutual Fund
Principal Mutual Fund
Sundaram Mutual Fund
Tata Mutual Fund
UTI Mutual Fund
About SIP Calculator
SIP Calculator is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops SIP Calculator is Valuevest Inc. The latest version released by its developer is 1.4.0.
To install SIP Calculator on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2021-05-30 and was downloaded 1 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the SIP Calculator as malware as malware if the download link to com.valuevest.sipcalculator is broken.
How to install SIP Calculator on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the SIP Calculator is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by SIP Calculator will be shown. Click on Accept to continue the process.
- SIP Calculator will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
