SIP Calculator- SIP Planner, I 4.5

SIP in Mutual Funds is a popular investment method that allows individuals to save money and invest. This convenient SIP calculator is designed to assist you in planning your SIP investments. With the SIP calculator app, you can easily estimate potential gains across various mutual fund categories. It provides information on both SIP returns and one-time (lumpsum) returns.

Understanding SIP

SIP, which stands for Systematic Investment Plan, is a method of investing a small amount into mutual funds on a monthly basis. This approach is particularly favored by salaried individuals due to its ease and flexibility.

Advantages of SIP

SIP offers several benefits as an investment option. By allowing you to start with a small amount, it minimizes market risk through rupee cost averaging. Additionally, SIP has the power of compounding and is capable of providing higher returns.

Can I initiate SIP online?

In today's digital age, you can easily start a SIP investment online through a completely paperless process. Moreover, flexible SIP options allow you to pause or stop your investments at any time.

Which mutual funds in India offer SIP investments?

Almost all Asset Management Companies in India provide both SIP and one-time investment options. Some notable examples include SBI and HDFC.

What are the different modes of investment in Mutual Funds?

Mutual Funds can be invested in through two primary methods: Lumpsum Investment (One-Time Investment) or SIP Investment (Small Amount Each Month). Lumpsum investment is preferable when you have a substantial amount of money, while SIP is ideal for most individuals, especially salaried individuals.

Are Mutual Funds and SIP beneficial for tax saving?

Mutual Funds and SIPs are considered effective ways to save on taxes. For instance, you can avail tax benefits under section 80C. Additionally, mutual fund tax-saving plans have a lock-in period of just 3 years, which is significantly lower than that of Fixed Deposits (FDs) and Public Provident Fund (PPF). Furthermore, SIPs in these mutual funds assist in long-term wealth creation in addition to tax savings.

Understanding equity and debt in mutual funds

Equity funds are mutual funds that invest in the stock market, while debt funds invest in government bonds and securities.

Which regulatory bodies oversee the Mutual Fund industry?

The Mutual Fund industry in India is regulated by the Association of Mutual Funds of India (AMFI), which operates under the purview of the Securities and Exchange Board of India (SEBI).

What are the different registrars in India?

The two major mutual fund registrars in India are CAMS and KARVY.

What is NFO?

NFO stands for New Fund Offer. Whenever a new Mutual Fund is released in the market, it begins with a face value of Rs 10 per unit. This means you can purchase units at an attractive price. However, NFOs lack a history to track performance, so it may be advisable to only invest in NFOs recommended by experts.

What is the 'Mutual Fund Sahi Hai' initiative?

'Mutual Fund Sahi Hai' is an investor awareness initiative by AMFI. It aims to educate even those without a background in finance about the benefits of Mutual Funds.

Are mutual funds safe?

Equity funds come with market risks as they invest in the stock market. Although they offer the potential for higher profits, they are also riskier. On the other hand, debt funds do not invest in the stock market, resulting in lower risk and generally lower returns on investment.

Can I do a SIP in HDFC mutual fund using my SBI Bank account?

Yes, you can initiate a SIP into any fund from any bank account. For instance, if you have an SBI bank account, you can invest in Tata Mutual Fund or any other mutual fund.

Where can I check the past performance of a fund?

There are several websites where you can review fund performance and details, such as Moneycontrol and Value Research.