A SIP
Calculator is
an easy-to-use tool offered by ICICI Bank to know estimated
return on SIP Investment. Plan your
investments with SIP Return Calculator Online.
₹
₹1
₹1 Cr
Years
1 Year
50 Years
%
1%
100%
Please note, these
calculators are designed to
provide you an
approximate amount. Consult an
advisor/tax consultant prior to investing.
Total
amount invested
₹10,000
Returns
₹10,000
Total
wealth accumulated
₹10,000
You will
have to invest₹1,015
per month to achieve your goal.
Do you plan to invest in Mutual Funds (MFs) but are worried about profits? The SIP calculator can help you calculate your earnings on investment.
Nowadays, multiple financial institutions provide an investment option to invest in MFs via Systematic Investment Plans (SIPs). If you have plans to invest, then the first thing you should know is the total investment amount you will get after the tenure. And for this, you can use this online calculator.
Benefits of the SIP Calculator
An investor can get multiple benefits from investing in SIP over the long term. Here is a list of advantages you can get if you invest in that platform.
Easy to use
As the name suggests, using the SIP return calculator is effortless. If you can fill in the details accurately, you will get the value of your investment in a few seconds. After that, you can change the values entered and find a suitable plan.
Customisation options
The SIP calculators allow you to use multiple values to find suitable figures. Moreover, you can mix and match as often as you like to find the plan that suits your needs.
Free of cost
The best benefit is that you can access the SIP calculator online for free and without any registration. SIP calculations can be calculated from anywhere using this financial tool.
How does the SIP calculator work?
The SIP calculator works on the following formula
M = P × ({[1 + i]^n – 1} / i) × (1 + i).
In the above formula –
M is the maturity amount
P is the amount invested regularly
n is the number of payments made
i is the interest rate
For example, if Rs. 10,000 per month is invested for 5 years at 12% on investor will receive Rs. 8,11,036 on maturity.
Final words
Using these online calculators is always beneficial to create the most successful SIP to increase wealth. It will help you to find the plan details, total investment amount and total return amount. Based on these details, you can then make an informed decision.
A mutual fund is a professionally-managed
trust that pools the savings of many
investors and invests them in securities
like stocks, bonds, short-term money market
instruments. Investors in a mutual fund have
a common financial goal and their money is
invested in different asset classes in
accordance with the fund’s investment
objective. Any investment in such a
financial instrument is termed mutual fund
investment. Knowledge about a mutual fund
scheme can be obtained from its Scheme
Information Document (SID) and Fund Fact
Sheet.
What is the process to
invest in a Mutual Fund through ICICI Bank?
You can invest in Mutual Funds by logging in
to ICICI Bank Internet Banking. Click on the
‘Investments and Insurance’ section > Invest
online > Invest in Mutual Funds.
Alternatively, you can invest in MF through
ICICI Bank’s iMobile Pay > click on the
‘Invest & Insure’ section > Invest > Mutual
Funds.
Is Mutual Fund a good
investment?
Mutual Funds are a good investment option for
investors looking to diversify their
portfolios. Instead of taking exposure to
only one company or industry, a Mutual Fund
investor invests in different securities and
minimises your portfolio's risk.
How are returns earned in
Mutual Funds?
Mutual Fund returns are calculated by
computing appreciation in the value of your
investments over a period as compared to the
initial investment. The Net Asset Value of
Mutual Fund indicates its price and is used
in calculating returns for your Mutual Fund
investments.
Are Mutual Funds taxable?
Yes, please refer the below table for
details:
Fund
Type
Short-term
capital gains
Long-term
capital gains
Equity
Funds
15%+cess+surcharge
Up
to Rs 1 lakh in a financial
year is tax-exempt. Any
gains above Rs 1 lakh are
taxed at 10% +cess+surcharge
Debt
Funds
Taxed
at the investor’s income tax
slab rate
20% with
indexation+cess+surcharge
Hybrid
equity-oriented funds
15%+cess+surcharge
Up
to Rs 1 lakh in a financial
year is tax-exempt. Any
gains above Rs 1 lakh are
taxed at 10% +cess+surcharge
Hybrid
debt-oriented funds
Taxed
at the investor’s income tax
slab rate
20%
with
indexation+cess+surcharge
Dividend Taxation: The normal rate of TDS is
10% on the dividend income paid in excess of
Rs 5,000 from a company or Mutual Fund
firms. For Non-Resident Individuals, TDS is
required to be deducted at the rate of 20%
subject to the DTAA (Double Taxation
Avoidance Agreement), if any.
What is the best way to
choose a Mutual Fund that suits your financial
objective?
Selecting a Mutual Fund is a two-step process
– selection of the Mutual Fund category and
selection of a scheme in that category.
Select the Mutual Fund category on the basis
of the investment objective, time horizon
and risk tolerance.
After selecting the Mutual Fund category,
choose a Mutual Fund scheme within that
category on the basis of its relative
performance vs benchmark & its category and
consistency of performance. The other
important aspect in the scheme selection
process is the AMC track record, fund
manager’s experience, scheme’s Asset Under
Management (AUM) & Expense ratio.
Mutual fund investments are subject to market risks, please read all scheme related documents carefully. ICICI Bank Limited shall not be liable or responsible for any loss or shortfall resulting from the operations of the Mutual Fund scheme. Terms and conditions of ICICI Bank and third parties apply.
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