Maximizing Your Investments: How to Use SIP Calculator for Better Returns

SIP calculator online:

Using a SIP calculator online, users and investors can estimate the mutual fund returns on contributions made using the SIP (Systematic Investment Plan). Based on an anticipated yearly return rate, the SIP calculator online assists you in estimating the final maturity amount for your SIPs. To determine the potential growth of your investment if you start investing now, utilise an online SIP calculator.

How to Use SIP Calculator for Better Returns:

The SIP calculator online makes it simple for novice and new investors to determine the return on a mutual fund investment. To calculate the return on your investment in mutual fund schemes utilising SIPs, you must take the steps listed below:

• Step 1: Pick the SIP (Systematic Investment Plan) frequency you want to use.
• Step 2: Indicate how much you want to invest via a SIP in a mutual fund.
• Step 3: Using a SIP, enter the mutual fund’s tenure.
• Step 4: enter the estimated rate of return on the investment.

When you complete the above procedures, the SIP calculator online will compute the earnings and show the total amount earned towards the end of the SIP’s duration.

Advantages of using the SIP calculator online:

• The SIP calculator online is easy to use and makes estimating the profits that would accumulate from the tiny monthly investments quick and easy. Investors can therefore plan their investments to achieve the long-term financial goals.
• Other than information about the investor’s monthly investments, the duration of those investments, and the rate of return on the fund they invest in, no more information is needed. The SIP calculator online user-friendly.
• There are no fees associated with using the SIP calculator online.
• The SIP calculator online make it simpler for investors of all experience levels to understand the ins and outs of SIP investing.
• The customised outcomes of employing a SIP calculator online are a huge advantage. The monthly investment plan calculator displays different plans for different users as a result of entering personal information. A customised plan will take into account your capacity for investment and ensure that you don’t have to significantly reduce your standard of living.
• A SIP calculator online approaches SIP in a systematic manner. It provides specific instructions on how to invest in SIP. The SIP Calculator demonstrates how to diversify your holdings as well as the size and timing of your investment. To maximise your SIP’s performance, use a 10-year SIP calculator online.
• A SIP calculator online computations are always accurate. They take into account real-time stock values for SIPs so that you may examine the items’ current state. The anticipated growth of each product is also provided via a SIP calculator online based on historical performance.

ICICI Prudential Asset Allocator Fund:

The main goal of the ICICI Prudential Asset Allocator Fund Scheme is to produce capital appreciation, mostly through a portfolio of equities, debt, and gold schemes accessed through the various investing strategies of underlying schemes. It is an open-ended fund of funds strategy that invests in equity-oriented strategies, debt-oriented strategies, and gold ETFs/strategies. The minimum SIP investments for ICICI Prudential Asset Allocator Fund is Rs. 1000.

Investors expecting long-term growth in wealth should consider this product. Growth returns during the previous year are 7.57% for ICICI Prudential Asset Allocator Fund. It has generated average yearly returns of 11.74% since start. Every seven years, the investment in ICICI Prudential Asset Allocator Fund has doubled. Assets under Management, or AUM, for the ICICI Prudential Asset Allocator Fund were 18,393.50Cr as of April 21, 2023 and the expense ratio is 0.27%.The ICICI Prudential Asset Allocator Fund’s NAV as of April 20, 2023 is 92.50.

The consistency of returns produced by the ICICI Prudential Asset Allocator Fund scheme is comparable to that of the majority of funds in its class. It has a strong capacity to bound damages in a dropping market. The equity part of the ICICI Prudential Asset Allocator Fund is mostly invested in industries related to finance.