Axis SIP Calculator
Investing in Mutual Funds through SIPs involves investing a fixed sum of money periodically (weekly, quarterly, or monthly). The Systematic Investment Plan (SIP) is convenient since it sidesteps the need for an investor to make a lump sum payment, and they can start with as little as INR 100. However, it is challenging to put together a portfolio for SIP. Therefore, before investing, you must determine the return on your SIP. You can calculate your Systematic Investment Plan returns using a smart and easy SIP calculator. If you plan to invest in the Axis Mutual Fund, the Axis SIP Calculator can provide you with a return calculation for your investments.
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Choose from our top performing funds to start investment
What is an Axis SIP Calculator?
Retail investors are increasingly choosing to invest in mutual funds via SIPs, which is also popular among young investors. With the Axis SIP calculator, you can estimate the capital gains you receive on mutual funds invested via a Systematic Investment Plan.
Axis SIP Calculator determines the return based on the investment amount. You must enter the step-up percentage and an investment amount with an investment amount, tenure, interest rate, and an optional step-up percentage. The Axis mutual fund Calculator estimates your return based on these inputs. However, the result you receive is not a guarantee but an approximation.
The return value displayed by a SIP calculator may differ from the actual return offered by a mutual fund scheme an individual has invested in. Using the SIP calculator, you can estimate a rough maturity amount based on an anticipated Axis SIP interest rate.
How does the Axis Mutual Fund Calculator work?
Using the Axis SIP calculator, you can estimate the performance of Axis mutual funds based on the scheme's historical performance. However, the calculations intend to help you forecast your investment performance and not provide an exact value. Furthermore, mutual funds are market-linked. Therefore, the fund’s performance may differ from the final investment value.
When calculating investment value at maturity, any tool assumes that the investment will return a certain percentage. Generally, users need to enter this return value into most online SIP calculators. However, the mutual fund calculator Axis uses historical performance data to determine this value.
With the calculator, you can choose from a drop-down list of Axis mutual fund schemes. When you select a plan, the tool displays the historical XIRR (Extended Internal Rate of Return) for that particular investment. Based on your SIP amount and investment period, the tool calculates your maturity value.
How is the Axis Mutual Fund Calculator?
For risk-averse investors, SIP is a good option. Unlike lump sum investments, they are more strategic investment plans. Rather than depositing huge sums at once, SIPs allow you to deposit smaller amounts every month into the mutual fund system.
The benefits of using Axis Mutual Fund SIP Calculator include the following.
- ROI evaluation: With Axis SIP Return Calculator, you can get an accurate estimate of your returns. Market factors, however, may cause the final result to differ slightly from expectations.
- Simpler calculations: The Axis mutual fund SIP calculator simplifies the complex mathematics of calculating SIP returns. With just a few inputs, you can estimate your returns easily. Hence, experts and amateurs alike can benefit from the SIP Calculator.
- Systematic planning: With this SIP calculator from the Axis, you can determine the SIP amount and the returns of a prudent investment plan.
Formula to Calculate Axis SIP Returns
Axis' SIP calculator uses the following formula:
FV = [P x R x (1 + i) n-1/i] x (1 + i)
The values in this equation are:
Calculating this manually might take some time. With the Axis SIP investment calculator, you can complete the task efficiently.
Suppose you invest Rs. 500 every month for three years through a SIP plan and expect a 12% rate of return. By using the calculator, you will get an instant estimate of your return.
Amount invested: Rs. 18,000
Wealth gain: Rs. 3,754
Expected return amount: Rs. 21,754
How to use the Axis SIP Calculator?
There are two ways to use the Axis SIP calculator:
- Estimate the maturity value of an investment
- Calculate the monthly SIP amount to reach your goal.
Various inputs from the user are utilised to estimate the investment value at maturity:
- The Axis mutual fund scheme
- The SIP amount
- The investment period
Based on the above inputs, the calculator will estimate the scheme's historical returns. It also determines the maturity value and gains over that period using these figures.
Follow these simple steps to make the most of the calculator:
Step 1: Set your monthly savings goal.
Step 2: Decide how long you want to invest.
Step 3: Specify your expected return.
The calculator provides an investment period value based on the program's past earnings, SIP amount, and investment period. If you wish to estimate your monthly instalments for reaching your goal, you may use the goal SIP calculator. Enter the following inputs in the calculator.
- Your financial goal
- Your investment horizon
- Your expected rate of return
What are the Benefits of the Axis SIP Calculator?
Based on the fund's past performance, the Axis SIP Calculator estimates its performance. You can use this tool to determine a fund's ranking within its category, which will help you make better investment decisions. The Axis mutual fund Calculator offers the following key benefits:
- The Axis SIP Return Calculator is an effective and simple tool for evaluating the SIP performance of the Axis Mutual Fund.
- It is convenient since it eliminates the complexity of the calculation and gives you the result in barely three inputs.
- Anyone can check the results online within minutes, at their fingertips
Other SIP Calculators
The top-rated Axis Mutual Funds are as follows.
- Axis Focused 25 Fund
- Axis Long-Term Equity Fund
- Axis Mid-cap Fund
- Axis Regular Saver Fund
- Axis Equity Saver Fund
A mutual fund's investment is subject to market risk. With the Axis SIP, you can invest in low-risk and high-risk funds that can provide capital appreciation. Invest in schemes with a CRISIL rating of 3 or higher, as these are generally safer.
Axis Bank SIP allows investors to invest a specified amount periodically. Investors can achieve their short-term and long-term financial goals by using this disciplined investment method.
Fill out the Demat application form after selecting a mutual fund scheme. With the required documents, submit the form to the nearest branch.