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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
What is a SIP?
Systematic Investment Plan (SIP) is an investment method where the investor contributes a fixed amount of money at regular intervals, like once a month or once in three months. This method allows investors to benefit from the potential growth of the market over time.
It helps investors invest in a disciplined manner, mitigating market volatility through rupee cost averaging. It gained popularity among mutual fund investors as they can maximise their returns without worrying about market volatility or timing. SIPs offer multiple benefits, making them an attractive avenue for mutual fund investments.
SIPs are generally convenient. You can set up an automated deduction from your bank account every month or quarter for a fixed sum. This removes the need for continuous monitoring and decision-making. It offers the benefits of flexibility, where you can make investments of as low as Rs 100 per month. With a minimum SIP investment, it brings you the power of compounding.
What is a mutual fund SIP calculator?
A Systematic Investment Plan Calculator is a tool that allows investors to get an idea of the returns on their mutual fund investments. This tool is designed to provide individuals an estimate on their mutual fund investment made through SIP. However, the actual return can vary depending on numerous factors.
With this calculator, investors can get a rough idea of the maturity amount for any of their SIPs.
Benefits of SIP calculators?
The SIP calculator provides an estimated value of the returns.
A SIP calculator gives us the ability to compare several SIP schemes and select the best option.
It helps you determine the amount you want to invest in.
A SIP calculator provides precise estimates of your investment’s future worth.
It assists in the effective management of time and money by determining the required investment amount and duration.
It calculates the rate of return needed to meet financial objectives.
The SIP calculator is simple to use and can save time and effort.
How do SIP calculators work?
It works on the formula: M = P × ({[1 + i]^n – 1} / i) × (1 + i). In the formula, M is the amount you receive upon maturity, P is the amount you invest at regular intervals, i is the periodic rate of interest and n is the number of payments you have made.
(Edited by : Sudarsanan Mani)
