Question 1

How does a SIP Calculator work?

Accepted Answer

SIP calculator works on compounding formula where you require a total expected amount, the rate of return and tenure to calculate the amount you need to invest regularly. Sometimes, you have to alter the values in the input of the time horizon or rate of returns if you are not getting the expected amount in your range.

Question 2

How to decide the rate of returns to mention in SIP return calculator?

Accepted Answer

The value of the rate of returns basically depends on the risk appetite of investors and instruments where he/she wants to invest. If the investor has high risk-appetite and planning to invest in equity instruments, he/she can fix a rate of return high and start the calculation. Similarly, if the risk-appetite is low and investor is planning to invest in debt instruments, he/she can go for a low rate of return to generate adequate results.

Question 3

How can SIP investment calculator help in creating huge corpus?

Accepted Answer

To create a huge corpus, investors are required to make a systematic investment plan and invest in equity and debt instruments on a regular basis through SIP. And, the first step to plan is to calculate the amount they need to invest. Apart from this, you can also calculate the expected amount if you know how much you can save in each interval and invest.

Question 4

How to use SIP return calculator?

Accepted Answer

The investors should have information regarding the expected amount, rate of returns and time horizon at first. After deciding the relevant information and mentioning in the blank bracket, SIP planner calculates the fixed amount you are required to invest regularly. This process is very quick as it hardly takes a minute.

Question 5

What is the use of SIP Return Calculator?

Accepted Answer

This automatic tool helps the investors in deciding how much they should invest regularly to accumulate enough for their future goals over a period of time.

Question 6

Who should use Mutual fund SIP calculator?

Accepted Answer

The investors who are planning to invest in mutual fund either through SIP mode of investment can use this calculator as this will assist in calculating the estimated returns and SIP amount that they are required to pay.

Question 7

How many types of SIP Return Calculator are available at MySIPonline?

Accepted Answer

This portal offers three types of the calculator to help investors in making a prudent investment decision.  

SIP Calculator: This tool helps the investors who already know fixed SIP amount, the expected rate of return, and time horizon and want to calculate the expected returns by investing in mutual fund. 

SIP Reverse Calculator: With this calculator, you can obtain estimation regarding the monthly, weekly or yearly amount you want to invest to accumulate the expected returns. 

Lump Sum Calculator: This calculator computes the expected returns you will get by making a lump sum investment over a time horizon at the expected rate of returns. The investors with a lump sum investment aim can use this mutual fund return calculator.

Question 8

What are the charges to use this tool or maximum usage?

Accepted Answer

SIP calculator is available at MySIPonline free of cost. The investors can use this calculator to make the required calculation unlimited times as there is no such maximum usage sort of criterion.

Years	Investment	Profit	Current Value
1	₹6,00,000	₹22,496	₹6,22,496
2	₹12,00,000	₹96,659	₹12,96,659
3	₹1,000	₹1,000	₹1,000
4	₹1,000	₹1,000	₹1,000
5	₹1,000	₹1,000	₹1,000

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