A Systematic Investment Plan (SIP) is a convenient way to invest in mutual funds, allowing you to deposit a fixed amount for a chosen tenor in your preferred scheme. Rather than making lump sum deposits, you can begin your investment journey with small amounts starting from ₹100.
Today's Rate
Sat 21 Dec. 2024
Using a SIP calculator helps you plan your investment, as it gives you accurate estimates instantly. Simply download the Bajaj Markets: EMI Calculator app and access the Compound Interest Calculator. This effective tool will help you make smarter decisions in minutes.
Read on to know why you should choose a SIP and how to use the SIP calculator app to invest efficiently.
Benefits of a Systematic Investment Plan (SIP)
Here are some advantages you can enjoy when investing through a SIP.
Pocket-friendly Option
This investment strategy is ideal when you do not have a lump sum amount ready for investment. You can give a standing instruction to your bank to debit a fixed amount from your account periodically, which provides a stress-free approach to investing.
Rupee Cost Averaging
With this investment strategy, you can buy more units when the fund’s Net Asset Value is low and fewer units when the value is high. This is a unique feature of a SIP investment, which allows you to invest without getting hassled about market fluctuations.
Power of Compounding
Compounding happens as your returns get reinvested into the scheme. This way, your returns also generate interest upon reinvestment. So, a SIP gives you better returns on fixed investment amounts even when the market is bearish.
Why Use a SIP Calculator?
You can use the SIP Calculator to calculate the maximum return on investment and to compute your potential earnings at maturity. Here are some other benefits of using the Bajaj Markets: EMI Calculator app to plan your wealth-building journey.
Personalised Investment
A SIP calculator is useful for predicting returns based on your specific investment input. Changing the values helps you zero in on the right SIP amount and tenor matching your financial goal. You can use it umpteen times to compare the most ideal option that fetches you the best returns.
Easy-to-Use Tool
Using the Bajaj Markets: EMI Calculator app is simple and straightforward. Just enter your investment details in the designated section and get results instantly. You can adjust the values on the same page to get updated results too.
Visual Representation
The graph at the bottom of the calculator displays your investment amount and returns in a visual format. As you keep changing the values, your graph get modified instantly, offering you a graphic forecast.
Steps to Using the Bajaj Markets SIP Calculator
You can calculate estimated returns through a SIP investment by following these steps:
- Step 1: Download and launch the Bajaj Markets: EMI Calculator App
- Step 2: Enter your mobile number and OTP to log in
- Step 3: Go to the ‘Investment’ tab
- Step 4: Select the ‘Compound Interest Calculator’
- Step 5: Enter your investment details required, which include the investment amount, number of years you want to invest for, number of years you want to stay invested for, expected rate of return, etc.
- Step 6: Click on ‘Calculate Now’
Now that you know how to use the Bajaj Markets: EMI Calculator app to plan your SIP, you can investment effortlessly. You can also use the other calculators available on the app to plan loans and make other financial decisions. Download the Bajaj Markets: EMI Calculator app from Google Play or the App Store to get started.
