Monthly SIP Calculator
Find out the how much wealth can you generate by doing a particular amount of SIP.
.01 What is SIP?
SIP (Systematic Investment Plan) is a way of investing a fixed amount on a monthly basis in mutual funds. All you need to do is set an amount and fix a date for a particular tenure, it can be 5 years, 10 years or more. You can stop your SIP anytime or increase/decrease it whenever you wish to. The pre-defined SIP intervals can be on a weekly/monthly/quarterly/semi-annually or annual basis. The minimum amount to start SIP is Rs. 500 with no maximum limit. Although if you invest more amount for long tenure you will get the highest returns out of it.
For Example, Like If you take an SIP of 5,000 for 1 year on Jan 1, 2020, you will be paying Rs 5,000 per month for next 12 months.
.02 Does all investment through SIP have Tax Benefits?
SIP (Systematic Investment Plan) is a way of investing a fixed amount on a monthly basis in mutual funds. All you need to do is set an amount and fix a date for a particular tenure, it can be 5 years, 10 years or more. You can stop your SIP anytime or increase/decrease it whenever you wish to. The pre-defined SIP intervals can be on a weekly/monthly/quarterly/semi-annually or annual basis. The minimum amount to start SIP is Rs. 500 with no maximum limit. Although if you invest more amount for long tenure you will get the highest returns out of it.
For Example, Like If you take an SIP of 5,000 for 1 year on Jan 1, 2020, you will be paying Rs 5,000 per month for next 12 months.
.03 Does SIP mean only investing in equity mutual funds?
SIP (Systematic Investment Plan) is a way of investing a fixed amount on a monthly basis in mutual funds. All you need to do is set an amount and fix a date for a particular tenure, it can be 5 years, 10 years or more. You can stop your SIP anytime or increase/decrease it whenever you wish to. The pre-defined SIP intervals can be on a weekly/monthly/quarterly/semi-annually or annual basis. The minimum amount to start SIP is Rs. 500 with no maximum limit. Although if you invest more amount for long tenure you will get the highest returns out of it.
For Example, Like If you take an SIP of 5,000 for 1 year on Jan 1, 2020, you will be paying Rs 5,000 per month for next 12 months.
.04 Which is better option RD or SIP?
SIP (Systematic Investment Plan) is a way of investing a fixed amount on a monthly basis in mutual funds. All you need to do is set an amount and fix a date for a particular tenure, it can be 5 years, 10 years or more. You can stop your SIP anytime or increase/decrease it whenever you wish to. The pre-defined SIP intervals can be on a weekly/monthly/quarterly/semi-annually or annual basis. The minimum amount to start SIP is Rs. 500 with no maximum limit. Although if you invest more amount for long tenure you will get the highest returns out of it.
For Example, Like If you take an SIP of 5,000 for 1 year on Jan 1, 2020, you will be paying Rs 5,000 per month for next 12 months.