Axis Bank SIP Calculator
Calculate Your Returns with the Axis Bank SIP Calculator
A Systematic Investment Plan (SIP) allows investors to invest small amounts regularly into mutual funds or other investment options. It is a great way to invest for goals like retirement, children’s education, buying a house etc. SIP helps in rupee cost averaging and investing discipline.
Axis Bank offers an easy-to-use online SIP calculator that helps investors estimate the potential returns on their SIPs. This article will walk you through how to use this calculator and understand the projections better.
The Axis Bank SIP calculator is convenient to use as it is available online and can be accessed anytime. Based on inputs like SIP amount, tenure and expected returns, it automatically calculates and projects the corpus you could accumulate. This helps you visualize your goals better.
Benefits of Using the Axis Bank SIP Calculator
Here are some of the key benefits of using the Axis Bank SIP calculator:
- Convenience – The calculator is available online and can be accessed anytime, anywhere. This makes it easy for investors to estimate SIP returns from the comfort of their homes.
- Automatic projections – The tool automatically does all the calculations based on the inputs provided by the investor. This saves a lot of manual time and effort.
- Visualization – The projected corpus is displayed through easy-to-understand charts. This helps investors visualize their goals and motivates them to start investing.
- Estimated returns – While actual market-linked returns may differ, the calculator provides an indicative estimate that helps in planning.
The SIP calculator is a lot more convenient than manually calculating your investments on an Excel sheet!
Using the Axis Bank SIP Calculator
Here are the simple steps to use the Axis Bank SIP Calculator on our website:
- Enter the monthly SIP amount you plan to invest
- Select the tenure – 5 years, 10 years, 15 years etc.
- Enter expected annual returns percentage. A reasonable estimate is 10-12%.
- Click Calculate to see the projected corpus at maturity
The calculator will show the projected corpus, accumulated investment amount and estimated returns in an easy-to-understand table.
It also shows a chart depicting how your SIP investments translate into a mature corpus over the tenure. You can see how your corpus grows each year thanks to compounding.
Play around with the parameters – try increasing/decreasing SIP amount or tenure to see the impact. This gives you a good sense of how much you need to invest per month to reach specific goals.
SIP Projection Examples
Let’s look at a few examples to better understand the projections:
Example 1
SIP Amount: Rs. 5,000
Tenure: 10 years
Expected Returns: 12%
In this case, your total invested amount after 10 years is Rs. 6,00,000 (5000 x 12 x 10).
Your projected corpus at 12% returns is Rs. 11,61,695.
This shows the power of compounding – by investing a small amount regularly you can grow your corpus significantly over the long term.
Example 2
SIP Amount: Rs. 10,000
Tenure: 5 years
Expected returns: 10%
Here your invested amount is Rs. 6,00,000 (10,000 x 12 x 5)
Projected corpus is Rs. 7,80,824
Even over a shorter tenure, higher SIP amount delivers good returns.
You can plug in various scenarios like this to identify the ideal SIP for your goals.
Conclusion
The Axis Bank SIP calculator provides a quick and convenient way to estimate the returns on your Systematic Investment Plan. Based on key inputs, it automatically calculates the maturity amount.
The projections help investors visualize their goals and make informed investment decisions. You can play around with the parameters to identify the ideal SIP amount and tenure to meet specific targets.
While actual returns would depend on market performance, the calculator provides a reasonable estimate that can aid in planning. Use it as a starting point and then consult a financial advisor for expert advice on investing.
Starting early, staying invested for long tenure and increasing SIP amounts at regular intervals can help you maximize returns thanks to the power of compounding. Use the Axis Bank SIP calculator today to chart your investment journey!
