While a Systematic investment plan (SIP) is the easiest way to enter into the investment journey of mutual funds, SIP calculators are valuable tools for realizing returns for both short-term and long-term goals. You may want to buy a car, build a house or fund your child’s higher education. But, whatever your goals are, having a functional online SIP calculator is important to create a sound strategy for reaping profitable returns over time and accomplishing your desired financial goals.
The SIP calculators are often available online to help investors perform complex calculations in a jiff. With its usage, you can get valuable data for investment planning, such as the investment amount you need, the investment horizon for which you want to or should remain invested to achieve the goals and returns you will get from your investment, etc.
Whether you invest in mutual funds through SIPs in direct or indirect funds, a SIP calculator is the best resource and hassle-free way to analyze the funds and choose the one that works best for you in line with your goals.
Many SIP calculators are made available by different brokers online for you to utilize for your good. Each of these SIP calculators requires specific input and offers results accordingly. Here’s a walkthrough of various SIP calculators and their workings so you can compare and choose based on your preference.
- Upstox: Upstox online SIP calculator requests three variable inputs from users, namely
- Monthly investment
- Expected Return rate
- Time period
Once you input these variables, the Upstox SIP calculator provides data in numerical form, which includes information such as
- The total value of your investment: The final value of your investment upon maturity.
- Invested amount: The total amount you will invest till the end of your tenure.
- Estimated returns: The return you will generate at the end of the tenure
Benefits of using Upstox SIP calculator
- It helps you plan your investments in a better way.
- You get an estimate of the total value of your investment at the end of the tenure.
- It saves you from the hassles of manual calculations and offers accurate results.
- Glide Invest: The Glide Invest online SIP calculator requests three variable inputs from users, such as,
- Monthly investment
- Investment period
- Expected rate of return
Once you input these variables, the Glide Invest SIP calculator provides data in numerical form as well as its graphical representation, which includes information such as
- Estimated Value: The estimated maturity amount you will receive at the end of your tenure.
- Total Investment: The amount of money you will need to fulfill your financial goals.
- Estimated Returns: The approximate returns you will generate from your investment.
Benefits of using Glide Invest SIP calculator
- You can determine the investment amount and prepare for your finances beforehand.
- You can estimate the returns and adjust the amounts accordingly.
- It provides a graphical representation of how your investments would grow over the investment tenure.
- It helps in the strategic and effective planning of investments.
- It simplifies complex calculations & thus saves time.
- Groww: Groww online SIP calculator requests three variable inputs from users, namely
- Monthly investment
- Expected Return rate
- Time period
Once you input these variables, the Groww SIP calculator provides data in numerical form, which includes information such as
- Invested amount: The total amount you will invest till the end of your tenure.
- Estimated returns: The return you will generate at the end of the tenure
- Total value: The final value of your investment upon maturity.
Benefits of using Groww SIP calculator
- It allows you to plan your investment based on the amount and timeline.
- It gives you an estimation of the total value of your investment at the end of the tenure.
- It shows accurate results and reduces calculation complexity.
- 5Paisa: The 5Paisa online SIP calculator requests three variable inputs from users, namely
- Monthly investment
- Investment Period
- Expected Return
Once you input these variables, the 5Paisa SIP calculator provides data in numerical form, which includes information such as
- Invested amount: The total amount you will invest till the end of your tenure.
- Wealth gained: The return you will generate at the end of the tenure
- Expected amount: The final value of your investment upon maturity.
Benefits of using the 5Paisa SIP calculator
- It helps you plan your investments in a better way.
- You get an estimate of the total value of your investment at the end of the tenure.
- You can realize how much your investment will grow if you start investing today.
- User-friendly tool to estimate returns.
- ET Money: The ET Money online SIP calculator requests three variable inputs from users, namely
- Monthly investment
- Investment Period
- Investment Strategy (aggressive, conservative, balanced, custom)
Once you input these variables, the ET Money SIP calculator provides data in numerical form as well as its graphical representation, which includes information such as
- Total Invested: The total amount you will invest till the end of your tenure.
- Gains: The return you will generate at the end of the tenure
- Future value: The final value of your investment upon maturity.
Benefits of using the ET Money SIP calculator
- It provides suggestions for funds that are in line with your goals.
- User-friendly tool to estimate returns.
- It helps you make well-informed investment decisions.
- ClearTax: The ClearTax online SIP calculator requests three variable inputs from users, namely,
- Monthly SIP Amount
- SIP Period
- Expected Return Rate (p.a)
Once you input these variables, the ClearTax SIP calculator provides data in numerical form, which includes information such as
- Invested Amount: The total amount you will invest till the end of your tenure.
- Wealth Gained: The return you will generate at the end of the tenure
- Total Wealth: The final value of your investment upon maturity.
Benefits of using the ClearTax SIP calculator
- It helps you make well-informed investment decisions
- It helps you identify exact SIP installments to achieve your financial goals in time.
- A user-friendly tool for estimating returns.
Now that you know the working and differences between various SIP calculators offered by different brokers. Choose the one you find the best and make your financial planning easier.
