Union SIP Calculator

Union Mutual Fund, a vertical of Union Bank of India, provides investors with debt, equity, and hybrid plans. These Union Mutual Fund schemes are managed by Union Asset Management Private Limited. Investors can use a Union SIP calculator to determine their regular SIP amounts depending on their target corpus. With Union Bank of India's unmatched brand value, broad client base, and extended network, the corporation focuses on solid asset management in India. Here’s more about the Union Mutual fund calculator.

%
  • Invested Amount
  • Wealth Gained
  • Invested Amount
  • ₹0000
  • Wealth Gained
  • ₹0000
  • Expected Amount
  • ₹0000

Yearly Breakdown

Invested Amount
₹ 61,200
Wealth Gained
₹ 10,421

The total value of your investment after
3Years will be

₹ 71,621
Year Invested Amount Wealth Gained Expected Amount
Year Invested Amount Wealth Gained Expected Amount
2023 ₹ 20,400 ₹ 1,139 ₹ 21,539
2024 ₹ 20,400 ₹ 3,395 ₹ 45,334
2025 ₹ 20,400 ₹ 5,887 ₹ 71,621

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The acronym "SIP" stands for "systematic investment plan," which refers to a way of investing in a mutual fund scheme at predetermined intervals (weekly, monthly, quarterly, etc). It provides you with the opportunity to establish a corpus with little input and provides you with the advantage of rupee cost averaging throughout your investment.

This makes it an excellent instrument for your investments. The Union SIP calculator assists you in estimating the amount of the systematic investment plan, or SIP, that you will need to contribute each month to the mutual fund investments to reach the target amount within the allotted length of time.

It estimates future mutual fund project growth using key data inputs. This comprises the monthly investment amount or mutual fund name, investment length, and estimated rate of return. Once the essential data is entered, the Union SIP calculator helps you figure out how much money you will have at the end of your monthly or quarterly SIP investment plan. This sum is calculated using the rate of return.

For the mutual fund calculator Union to figure out the maturity amount, input the following information:

  • A monthly investment amount must first be determined by a SIP investor.
  • Investors must input their estimated investment returns. Depending on which mutual fund plan is chosen, these expected returns are different.
  • Investors are required to provide a desired investment period in years.
  • In addition, investors can insert a step-up % to enhance the SIP value at regular intervals if they so choose.
  • After inputting their information, investors may see how much their money will be worth at the end of the investment period by clicking the "Calculate" button. This demonstrates if their investing methods will assist them in meeting their financial objectives.

A SIP Calculator is an easy-to-use online tool for figuring out the returns on investments made in SIPs at any financial institution. The Union SIP interest rate Calculator helps investors figure out how much they have to pay in total over the term to have the amount of money they want in the future.

Even though it is known that the stock market is volatile, the SIP return calculator Union figures out the returns based on how the market is doing right now. The fact that it is easy to use makes it useful for investors. To get the results from the Union SIP calculator, you just need to move the slider to the right place. The calculated results and the actual outcomes may differ at times due to market volatility.

Formula to Calculate Union SIP Returns

​​The Union Bank SIP calculator calculates returns based on the rate of return, principle amount (SIP value), and estimated period using the formula below.

FV = P x ({[ 1+ i] ^ n -1} / i) x (1+i)

The table shows the value represented by the variables in the given formula:

Variable

Value Represented by the variable

FV

Future Value

P

Amount invested by you in SIP

i

The compound interest rate (annual rate of return %/ 12)

n

Total SIP period in months

 

For Example: If XYZ decided to spend INR 5000 per month in one of the Union Mutual fund SIP schemes at the rate of 6% for 4 years. The total amount they receive at maturity is INR 271,842 on the invested amount of INR 240,000, with a potential gain of INR 31,842. Refer to the table below:
 

Years

Invested Amount

Interest Earned

Maturity Amount

1

60,000

1,986

61,986

2

60,000

5,809

127,796

3

60,000

9,868

197,664

4

60,000

14,178

271,842

The Union Mutual Fund SIP Calculator is very easy to use and only needs basic information about the SIP scheme to be filled in. Here are the basic steps required to determine the returns on your SIP with Union Bank.

  • To choose the monthly investment amount, either use the slider or type in the desired amount in the box
  • You can choose the expected rate of return you want to get each year by moving the slider, or you can type it in the box.
  • Choose how long you want to keep your money in the SIP scheme.
  • Once you type all the essential information it will automatically show the results on the right side of your screen. The result summary will include Total Invested Amount, the Total Interest Earned, and the Maturity Amount.

Based on the results you can decide whether you wish to invest in the selected plan or would like to analyse another.

  • A Union SIP calculator can help you figure out how much you will make. All you have to do is input a few simple pieces of data to find out how much you have spent in total.
  • It makes calculations faster and more accurate, saving you a great deal of time and trouble.
  • When you use a Union mutual fund calculator, one of the best things about it is that you can plan your investments ahead of time and glance at different outcomes.
  • With the Union SIP Calculator, you can change the interest rates and see what the possible returns would be on different SIPs with the same investment amount and the same length of time.

Frequently Asked Questions

Yes, Union SIPs are safe. However, Union Mutual Fund does not provide investors with any guaranteed or ensured returns under any of its schemes.

Union SIP gives investors a sense of order and helps them save and invest at the same time.

Investing in Union mutual fund SIP is made simple by 5paisa. It is easy to invest money in the fund by using the Union Bank AMC website or one of the other many online investing sites. The investment company also accepts applications filed in person. To open a Union mutual fund SIP account through 5paisa, do the following:

Step 1: Sign up for a "5paisa" account.

Step 2: Log in to the account.

Step 3: Choose a Union mutual fund from the list on the portal.

Step 4: Choose "Start SIP" and fill out the required fields. Information like; the amount of SIP, duration of SIP, and the start date of the SIP.

Step 5: After you choose the date, tap the "Invest Now" button.

Step 6: You can pay using UPI or NetBanking.

Step 7: Tap "Click & Pay," and then fill out the information.

Step 8: Choose an amount to invest and continue to invest.

Disclaimer: The calculator available on the 5paisa website is intended for informational purposes only and is designed to assist you in estimating potential investments. However, it is important to understand that this calculator should not be the sole basis for creating or implementing any investment strategy. View More..