Goal SIP Calculator
Goal Amount :
Expected Return %
Investment Period
Monthly SIP Amount :
What is a Goal-Based SIP Calculator?
The Goal-Based SIP Calculator is an online tool designed to help investors estimate the maturity value or wealth accumulation goal of their SIP investments. It operates through a pre-programmed algorithm that calculates results based on the data provided, such as the targeted corpus, investment tenure, and expected rate of return. However, it's essential to note that the SIP calculator provides an estimation of the future value of an investment and cannot guarantee returns, as mutual funds carry market risks. Hence, it is also known as a Future Value Calculator.
Advantages of Using the Goal-Based SIP Calculator:
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Future Value Calculator: It provides futuristic values of an investment, encouraging systematic investment planning.
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Time-Saving: Saves time that would be spent on manual calculations to determine how much to invest each month.
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Error Avoidance: Helps avoid errors that can occur during manual calculations.
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Investment Planning: Enables investors to understand and plan their investments according to their financial goals.
Q3. How will the Goal-Based SIP calculator help me?
The calculator provides instant results, saving time on manual calculations. It also helps in estimating the future outcome of an investment.Q4. What makes the Goal-Based SIP calculator a useful tool?It serves as an essential tool for financial planning, aiding in informed decision-making, estimating investment amounts, and targeting specific corpus goals.
How Does the Goal-Based SIP Calculator Work?
The Goal-Based SIP Calculator is user-friendly and operates based on the data points you enter:
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Enter Goal Amount: Input the amount you aim to accumulate through your SIP investment.
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Choose Investment Duration: Select the duration of your investment in terms of years.
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Input Expected Rate of Return: Enter the expected rate of return (%) per annum for your investment.
After providing these details, the calculator will display your total required investment amount and the monthly SIP amount needed to achieve your goal.
FAQs:
Q1. What is the Goal-Based SIP calculator?
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The Goal-Based SIP calculator is an online tool that helps investors understand how much they need to invest as SIPs to achieve a targeted maturity amount.
Q2. How is the Goal-Based SIP calculator different from the SIP calculator?
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The SIP calculator provides the maturity amount of an investment based on inputs like SIP amount, return rate, and tenure. On the other hand, the Goal-Based SIP calculator requires inputs such as desired maturity amount, return rate, and tenure to calculate the required SIP value.
