How to Use SIP Calculator to Plan SIP Investments?
Investment is quite important for securing one's future, and investment in SIPs is an ideal way to begin. A mutual fund SIP calculator serves as a good planning tool for SIP investment. It provides insight into the expected return by disclosing the potential growth with interest. It helps calculate the right amount to invest and the expected returns.
What is a SIP?
A systematic investment plan generally involves investing smaller amounts at regular intervals. It may be weekly, monthly, or quarterly investments. This method of investment in a mutual fund also helps manage the fluctuation in the market going upwards and downwards with time. Hence, purchasing units of a mutual fund at different price levels will lead to acquiring an average price for investments.
How Does a SIP Calculato...