Axis Bank SIP calculator

What is Axis Bank SIP Calculator

The Axis SIP Return Calculator is an online tool which can be used to compute the maturity value from any SIP investment. This easy-to-use SIP calculator requires a few details to be entered up by an investor, which include the Investment amount, the tenure of investment and expected rate of return. 

It is important to note that the SIP calculator provides an estimate of the maturity value of an investment. The actual maturity value via an SIP is likely to be different. The tool assumes the returns for calculation purposes while the actual returns tend to vary over the investment horizon, influenced by market volatility.

How can Axis Bank SIP Calculator Help You?

The Mutual Fund SIP Return Calculator Axis Bank offers following benefits, which include:

Healthy financial planning: For any individual, financial planning is of utmost importance. A prudent planning of investment for a long way in building a healthy wealth corpus. The Axis Mutual Fund SIP Calculator offers a simple tool to plan the portfolio investments in a prudent manner. With much ease, one can undertake financial planning using the SIP Calculator.

Simplification of process: For many investors, calculating estimates of SIP investments can be a complex task. The Axis Bank Mutual Fund SIP Calculator simplifies this whole process by offering an easy-to-use tool. 

Need for basic information: The Axis Bank SIP calculator is quite simple, one needs to key in basic inputs while using the tool. The inputs such as investment amount, horizon and the expected rate of return. 

How does the Axis Bank SIP Calculator work?

The Axis Bank SIP Calculator is designed to perform calculations using a standardised formula to calculate the monthly SIP amount. The SIP calculator works in the below-mentioned way:

Calculating monthly SIPs: You are required to enter details such as investment amount, the number of years you wish to continue your investments, and the expected returns. Using the entered details, the Axis Bank Mutual Fund SIP Calculator displays the amount you require to invest to address your financial goals.

Calculating the growth of SIP investments: The Axis Bank SIP Calculator uses details such as monthly amount, tenure of the SIP, and expected return to display the total amount that will be accumulated by an investor.

Formula to calculate Axis Bank SIP Returns with an example

A global standardisation method is used to calculate Axis Bank SIP to determine the total returns an investor has incurred. The Axis Bank SIP formula is as follows:

FV = [P x r x (1 + i)^ n – 1]/i} x (1 + i)

In which, 

FV=Future value

P=SIP amount

I=Compounded rate of return

r=Expected rate on return

n=Number of installments that is, Investment duration x frequency that is, monthly/quarterly/half-yearly

 Example for Axis Bank Calculation:

Let’s assume an investor invests Rs 15,000 per month in a scheme for a duration of five years. Based on the parameter provided, the XIRR or SIP return for the investment is 18% per annum.

The Axis Bank SIP calculator provides the following results:

Similarly the maturity values for various time periods are as below (with Rs 15,000 as the monthly investment amount):

How to use Axis Bank SIP Return Calculator?

The Axis Bank Mutual Fund SIP Calculator is an easy-to-operate online tool, which can be used in the following steps:

Step 1: Enter the monthly investment amount you look forward to investing in. Perhaps, you can make use of the slider to select the amount

Step 2: Input the return rate or move the slider

Step 3: Select the number of years

Step 4: Click on the ‘Start a SIP’ button

The Mutual Fund SIP Return Calculator Axis Bank will display the invested amount, estimated returns, and the total value.

Benefits of using Axis Bank SIP Calculator

An Axis Bank Mutual Fund SIP Calculator is beneficial in the following ways:

Efficient online tool: It is a simple and easy-to-use online tool for efficiently calculating your SIP investments.

Comparison of SIP investments: It is possible to compare the returns from different SIPs using this single online tool. You can optimise the investment frequency, duration, and monthly amounts to address your financial goals as per your pre-defined investment horizon.

Tracking of growth: It is possible to track your progress by inputting details to assess whether you continue to be on track in terms of meeting your financial goals or if some adjustments are necessary in the investment strategy.

Which Axis SIP is best for 5 years?

The best Axis SIP for 5 years are as follows:

Other SIP Calculators:
1. SBI SIP calculator
2. HDFC SIP Calculators
3. ICICI Bank SIP Calculators
4. PNB SIP Calculators