Mutual Fund Calculator

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What is a mutual fund?

A Mutual Fund is a professionally managed investment scheme. It is run by an asset management company (AMC) which serves as a mediator for the retail investors. The AMC pools in money from a large number of investors and invests it in equity shares, bonds, money market instruments, and other types of securities. Each investor, in turn, is assigned a specific number of units proportionate to the invested amount in the fund. The investor is known as the unitholder. The unit holder shares the gains, losses, income, and expenses of the fund in proportion to his investment in the fund.

The fund manager will manage the investor’s money as per the investment objectives of the scheme. The goal of the fund manager is capital appreciation or regular income by a judicious selection of financial instruments to achieve the investment objectives of the mutual fund scheme.

For example, an equity mutual fund will invest in stocks so that investors enjoy capital appreciation in the long-run. The debt fund will invest in fixed income securities for investors to get a regular income and government securities to generate a higher return based on the interest rate movements. The balanced fund will invest in a mix of equity and bonds/fixed income to offer a higher return on investment and protect the portfolio in a stock market downturn.
 

What is a mutual fund calculator?

The mutual fund calculator is a simulation that helps you to calculate the returns from the mutual fund investments. You can calculate the maturity value of an investment if you invest a lump sum amount or even through the SIP route.

A mutual fund calculator is an easy to use tool that helps you to get an idea of the maturity value of the mutual fund investment, even before you invest the money. It allows you to budget for expenses and achieve your financial goals, as you already know the amount of money you will get at maturity. You can enter the SIP amount, duration of the SIP, and the frequency of the SIP to calculate the maturity amount for an estimated rate of return on the investment.

The mutual fund calculator has a formula box where you select the nature of the investment. It can be a lump sum investment or a SIP investment. You select the amount of investment, rate of return and the duration of the investment to get the maturity amount. If the nature of the investment is a SIP, you select the SIP amount, frequency, time of the investment, and the expected rate of return. The mutual fund calculator shows you the value of the investment at maturity.

How does a mutual fund calculator work?

The ClearTax Mutual Fund Calculator uses the concept of future value to give you an accurate estimate of the maturity value of your investment.

One-Time Investment

For example, you have invested a lump-sum amount of Rs 1 lakh in a mutual fund scheme for 10 years. You have estimated the rate of return on the investment at 8% per annum. You can calculate the future value of the investment using the formula:

Future Value = Present Value (1 + r/100)^n

Present Value (PV) = Rs 1,00,000
r = Estimated rate of return of 8% = 8/100 = 0.08
n = Duration of the investment which is 10 years.

You have to calculate the Future Value (FV) of the mutual fund investment at maturity or after 10 years.

FV = 1,00,000 (1+8/100)^10

FV = Rs 2,15,892.5.

So, the future value of the mutual fund investment after 10 years at an estimated return of 8% is Rs 2,15,892.5

SIP investment

You can also calculate the maturity value of a SIP investment using the mutual fund calculator.

Use the formula:

FV = P [(1+i)^n-1]*(1+i)/i

FV = Future value or the amount you get at maturity.
P = Amount you invest through SIP
i = Compounded rate of return
n= Investment duration in months
r = Expected rate of return

For example, you invest Rs 1,000 a month in a mutual fund scheme using the systematic investment plan or SIP route. The investment is for 10 years, with an estimated rate of return of 8% per year.

You have i = r/100/12 = 8/100/12 = 0.006667. (You must convert the rate of return to the monthly figure through dividing by 12). You also have n = 10 years or 120 months.

FV = 1,000 [(1+0.006667)^120 – 1] * (1+ 0.006667)/0.006667

FV = Rs 1,84,170.

So, the future value of a SIP investment of Rs 1,000 per month for 10 years at an estimated rate of return of 8% is Rs 1,84,170.

How Mutual Fund Calculator can Help you?

Before you invest in a mutual fund scheme, it is a good practice to assess your return on investment. For doing so, a mutual fund calculator is the best tool as it is simple and easy to operate. Even if you are using it for the first time, you will not encounter any troubles.
Check out how it can help you:

  • An MF calculator will provide you with the total estimate for 1, 3 and 5-year investment horizons. 
  • It assists you in planning your future financial strategy based on the estimated returns.

Advantages of Using a Mutual Fund Calculator

Using a mutual fund return calculator has the following benefits:

  • Enables financial planning on the go as it is an online tool that you can access from anywhere.
  • Saves your time and prevents errors that can come with manual calculation
  • Provides a decently accurate estimate of your return on investment

How to use the ClearTax Mutual Fund Calculator?

Use the ClearTax Mutual Fund Calculator based on the nature of your investment.

Lump-Sum investment:

  • You must select the One-Time Investment (Lump Sum) option in the ClearTax Mutual Fund Calculator.
  • You then fill in the amount of investment, expected rate of return and the duration of the investment.
  • The ClearTax Mutual Fund Calculator shows you the value of the investment at maturity.

SIP investment:

  • You must select the SIP option in the ClearTax Mutual Fund Calculator.
  • You then fill in the amount of investment, frequency of the SIP and the duration of the SIP.
  • The ClearTax Mutual Fund Calculator shows you the value of your investment at maturity.

How to invest in mutual funds?

You can invest in mutual funds through different routes.

1. Direct Plans: You can approach the asset management company (AMC) and invest in the direct plan of your choice. These plans have a low expense ratio because they don’t charge a distributor commission. Hence, you can earn a better rate of return over the long-term.

2. MF Distributor: You can contact a registered mutual fund distributor who will help you out with the requisite documentation. You will be investing in a regular plan which will charge a distributor’s commission.

3. Online: There are several third-party portals available online. You can visit any of them and invest in a variety of mutual funds by paying a nominal fee.

Nature of investment (SIP/Lumpsum)

There are two ways of investing money in mutual funds. You can either invest through a SIP or invest a lump-sum amount.

1. Lump-sum investment: You may invest a considerable portion of your disposable income in a mutual fund scheme of your choice. You can also invest the windfall you get from the sale of an asset or an inheritance. However, investing a lump sum involves higher risk. That’s why it is always recommended to go via the SIP route.

2. Systematic Investment Plan (SIP): Under a Systematic Investment Plan, you instruct the bank to deduct a fixed sum from your savings bank account each month and invest in a mutual fund scheme. In this way, you can buy units continuously without having to worry about the right time to enter the market. You can also get the benefit of rupee cost averaging and enjoy the power of compounding.

Frequently Asked Questions

What are the Benefits of using the ClearTax Mutual Fund Calculator?
  • The ClearTax Mutual Fund Calculator shows you the maturity value of your mutual fund investment in seconds. You can budget for expenses or set your financial goals as you have an accurate picture of the maturity amount of your investment.
  • You can use the ClearTax Mutual Fund Calculator from the comfort of your home or anywhere to get an accurate picture of the maturity value of your investments.
  • The ClearTax Mutual Fund Calculator offers you the twin options of the lump-sum investment and the SIP investment. You get an idea of the maturity value as you can do the calculations for different rates of return. It helps you to set investment goals and plan your mutual fund investments.
  • The ClearTax Mutual Fund Calculator helps you to budget for future expenses. You can choose a rate of return above inflation and calculate how much money you need for future expenses.
How to invest in mutual funds in India?

You can invest in mutual funds directly with the asset management company (AMC) through the direct plan. You must complete your KYC at a KRA (KYC Registration Agency) online by filling the KYC registration form and uploading the self-attested identity proof such as PAN Card and address proof such as Passport/Driving License/Voter ID and also a passport size photograph. You will also have to complete the IPV (In-Person Verification).

You may also invest in mutual funds through a mutual fund distributor by opting for a regular plan. The mutual fund house would pay a commission to the mutual fund distributor or the intermediary. You may invest in mutual funds offline by visiting the mutual fund house and filling up the application form and submitting documents for KYC compliance.

How to invest in mutual funds online in India?

You may invest directly with the mutual fund house through the direct plan. You just have to visit the website of the fund house and fill up your relevant details such as name, email id, mobile number and bank details.

You may complete the KYC online through eKYC where you enter the Aadhaar and PAN details. Your information would be verified at the backend and you may start investing in mutual funds after transferring money online from your bank account.

You may also invest through an online platform such as cleartax invest

  • You must log on to cleartax invest
  • You then select the mutual fund house from the list of fund houses
  • Pick the mutual fund scheme based on your investment objectives and risk tolerance and click on Invest now
  • You must select the amount you plan to invest in the mutual fund scheme and the mode as either One Time or Monthly SIP.
  • You must fill up the requisite details such as name, email ID, mobile number and complete the transaction.
How to invest in mutual funds for beginners in India?

You must choose the appropriate mutual fund scheme based on investment objectives and risk tolerance, if you are a beginner in mutual funds. You may invest in mutual funds online or offline as per your convenience.

You may invest in mutual funds offline in a direct plan of a mutual fund scheme by visiting the branch of the fund house. You can invest in a regular plan through a mutual fund distributor.

You may invest in direct plans of mutual funds online by visiting the website of a fund house. You may complete your eKYC for KYC (Know Your Customer) compliance by submitting Aadhaar and PAN details and then invest in the scheme of your choice. You could complete your KYC at a KRA (KYC Registration Agency) before investing in mutual funds.

How to invest in mutual funds without a Demat account?

You may invest in mutual funds directly with the mutual fund house by visiting the branch of the AMC. You just have to fill up the application form and submit the self-attested identity and address proof for KYC compliance.

You may submit the cheque for the initial amount and you are allotted a PIN and folio number. You can also approach a mutual fund distributor and invest in the regular plan of the mutual fund.

You may invest in a direct plan of a mutual fund online through an AMC. You must fill up the registration form and complete your eKYC by submitting PAN and Aadhaar details. You may also invest in an online portal such as cleartax invest.

How to invest in mutual funds directly?

You may invest in mutual funds directly by visiting the office of the mutual fund house. You must submit your self-attested identity and address proof along with the filled application form and passport size photographs for KYC-compliance. Make a cheque for the first investment and invest in the mutual fund scheme of your choice.

How to invest in direct mutual funds online in India?

You may invest in direct mutual funds online by visiting the website of the mutual fund house. You may fill in the application form and complete your eKYC by submitting your PAN and Aadhaar details.

The AMC would verify your details and you may invest through your online bank account. You may invest in direct mutual funds online in India through the online portals such as cleartax invest.

How much to invest in mutual funds per month?

You may invest in a mutual fund scheme through a systematic investment plan or SIP. It is a method of investing in a mutual fund where you invest a fixed amount regularly in a mutual fund scheme of your choice. You may invest as low as Rs 500 per month through the SIP in the mutual fund scheme of your choice.

How to invest in mutual funds without a broker?

You may invest in a direct plan of a mutual fund either offline or online directly through the asset management company or AMC. You may visit the branch of the fund house and fill up the mutual fund application form and submit the self-attested identity and address proof along with a passport size photograph to complete your KYC.

You may invest in a direct plan of a mutual fund online by visiting the website of the AMC. You may fill the mutual fund application form with required details such as name, bank details and complete your eKYC by submitting your PAN and Aadhaar details. You may invest in mutual funds through your online bank account.

You may invest in mutual funds through an online portal such as cleartax invest.

  • Log on to cleartax invest
  • Select the mutual fund house from the list of fund houses
  • Pick the mutual fund scheme based on your investment objectives and risk tolerance and click on Invest now
  • Select the amount you plan to invest in the mutual fund scheme and the mode as either One Time or Monthly SIP.
How to invest in equity mutual funds?

You may invest in a direct plan of an equity fund directly through the asset management company (AMC). You may visit the branch of the fund house and fill up the mutual fund application with required details such as name, mobile number and bank details.

Complete your KYC by submitting the self-attested identity and address proof and submit passport size photographs. You may submit the cheque for the initial amount and you are allotted a PIN and folio number. You can also approach a mutual fund distributor and invest in the regular plan of the mutual fund.

You may invest in equity funds online by visiting the website of the mutual fund house. You may fill in the application form online and complete eKYC with PAN and Aadhaar details. Start investing in the mutual fund scheme with your online bank account.

You may invest in equity mutual funds directly through an online portal such as cleartax invest.

How to invest in mutual funds through SIP online?
  • You must first complete your KYC before investing in a mutual fund. You may do so at a KRA (KYC Registration Agency) online by filling the KYC registration form and submitting the self-attested identity and address proof.
  • You then visit the website of the fund house and choose the mutual fund scheme of your choice.
  • You may fill an application form with required details such as name, mobile number, PAN and create a username and password.
  • You then enter your bank account details and set up the SIP auto-debit amount.
  • You may log on to your account created at the fund house and choose the mutual fund scheme.
  • You must make the first SIP instalment online and the next instalment after 30 days. (The AMC will intimate you on the requisite date).
  • You may continue the SIP till the end of the chosen tenure. (You may decide the tenure of the SIP).
What are mutual funds and how to invest in them?

Mutual funds are a professionally managed investment where the money is pooled by several investors and used to purchase securities. It may invest your money in equity, debt or a mix of both equity and fixed income depending on the type of mutual fund.

You may invest in the direct plan of mutual funds directly through the AMC both offline and online. You may also invest in mutual funds through a mutual fund distributor.

How to invest in US mutual funds in India?

You may invest in US mutual funds through fund of funds (FoFs) schemes with a mutual fund house in India. It is an indian mutual fund scheme that invests in US- based active equity mutual funds. However, they have a higher expense ratio as compared to most equity schemes. You may also invest in indian equity schemes whose portfolio mimics a US stock market index such as S&P 500 or the Nasdaq 100.

You may invest in these fund of funds schemes through an asset management company in India. You could consider completing your KYC before investing in US mutual funds from India.

How to invest a lump sum in mutual funds?

You may invest a lump sum amount in a mutual fund through a direct plan with the asset management company. You could opt for the offline or online mode of investment. You must complete your KYC by submitting a self-attested identity and address proof along with passport size photographs at the branch of the mutual fund house.

You could invest a lump sum amount in mutual funds through an online platform such as cleartax invest. You just have to log on to cleartax invest and select the mutual fund house and the scheme. You then select the amount and the mode of investment as One Time if you want to put a lump sum amount in a mutual fund.

How to invest in mutual funds through demat account?

You may invest in mutual funds through a demat account with your stock broker or through any depository participant. The mutual fund units would be held in the dematerialised form. You can buy and sell mutual fund schemes through your demat account just like shares. It is a dematerialised account which can hold stocks, mutual funds and other securities.

  • Open a demat and trading account with a stock broker
  • You can buy and sell units of mutual fund schemes
  • However, charges are higher as compared to other modes of investing in mutual funds.
How to invest in debt mutual funds?

You may invest in direct plans of debt funds directly with an AMC. You could visit their branch office and fill the application form. You then complete the KYC by submitting the self-attested identity and address proof and passport size photographs.

You may invest in direct plans of debt mutual funds online by visiting the website of the AMC.

  • Create an account with the AMC
  • Complete your eKYC by submitting PAN and Aadhaar details
  • Specify the amount you want to invest and the frequency of your investment
  • You may give online instructions to your bank to transfer the requisite amount to the fund house on a specified date.

You may invest in debt funds through an online platform such as cleartax invest. You have to log on to cleartax invest and pick the mutual fund house and the debt scheme. You then select the amount and the mode of investment as One Time or SIP to commence investing in the debt fund.

How to invest in elss mutual funds online?

You may invest in regular plans of ELSS through a mutual fund distributor. You can invest in the direct plan of the ELSS mutual fund online directly with an AMC. You must create an account with the AMC. Fill up the application form with personal details such as name, mobile name and so on.

You may complete your eKYC by submitting your PAN and Aadhaar details. You may give online instructions to your bank to transfer the requisite amount to the fund house on a specified date and start investing in the ELSS mutual fund.

You may invest in ELSS mutual funds online through online platforms such as cleartax invest.

  • Log on to cleartax invest.
  • You must pick the mutual fund house from the list of fund houses
  • Select the ELSS mutual fund scheme based on your investment objectives and risk tolerance and click on Invest now
  • Select the amount you plan to invest in the ELSS mutual fund scheme and the mode as either One Time or Monthly SIP.
How to invest Rs 500 in mutual funds?

You may invest in direct plans of mutual funds either online or offline. You must complete your KYC before investing in mutual funds. However, you may invest in regular plans of mutual funds through a mutual fund distributor.
You may consider investing just Rs 500 per instalment in an SIP of a mutual fund. It is a method of investing regularly in a mutual fund scheme of your choice.

How to invest in large cap mutual funds?

You may invest in direct plans of large cap mutual funds either offline or online by investing directly with the AMC. Complete your KYC by submitting self-attested identity and address proofs or eKYC for online mode. You could invest in regular plans of large cap mutual funds through a mutual fund distributor.

You may invest in large cap funds through online platforms such as cleartax invest.

  • Log on to cleartax invest.
  • You must opt for the mutual fund house from the list of fund houses
  • Select the large cap mutual fund based on your investment objectives and risk tolerance and click on Invest now
  • Select the amount you plan to invest in the large cap fund and the mode as either One Time or Monthly SIP.
How to invest 1 crore in mutual funds?

You may invest Rs 1 crore in a direct plan of a mutual fund. You may invest online or offline directly with the AMC. However, you must complete your KYC before investing Rs 1 crore in the mutual fund.

You may invest Rs 1 crore in mutual funds through an online platform such as cleartax invest. You just have to log on to cleartax invest and select the mutual fund house and the scheme. You then select the amount and the mode of investment as One Time if you want to put a lump sum amount in a mutual fund.

However, it would be prudent to invest in mutual funds through SIP instead of putting Rs 1 crore through a one time investment. It is a method of investing small amounts regularly in a mutual fund scheme of your choice.

How to invest in money market mutual funds in india?

You may invest in direct plans of money market mutual funds either offline or online by investing directly with the AMC. You must complete your KYC by submitting self-attested identity and address proofs. You must complete eKYC for the online mode of investing in money market mutual funds by submitting PAN and Aadhaar details. You could invest in regular plans of money market funds through a mutual fund distributor.

You may invest in money market mutual funds through online platforms such as cleartax invest.

  • Log on to cleartax invest.
  • You must opt for the mutual fund house from the list of fund houses
  • Select the money market mutual fund from the category of debt funds based on your investment objectives and risk tolerance and click on Invest now
  • Select the amount you plan to invest in the money market mutual fund and the mode as either One Time or Monthly SIP.
How to invest in STP mutual funds?

A systematic transfer plan or STP allows you to periodically transfer (switch) a certain amount of units from one mutual fund scheme to another mutual fund scheme of the same mutual fund house. You may consider an STP from an equity scheme to a debt scheme or vice versa depending on the market conditions.

You may invest in STP in mutual funds through the following steps:
  • You may fill up your STP form and submit it at the office of the AMC. You could fill this form online at the website of the mutual fund house.
  • Select the mutual fund scheme (destination fund) where you intend to invest for the long-term.
  • You may then select the mutual fund scheme (source fund) where you want to invest the lump sum amount.
  • You may choose the time-frame from where the lump sum amount invested may be moved to the destination fund. You can choose daily, weekly or monthly STPs according to your convenience.
How much money do you need to invest in mutual funds?
Systematic Investment Plan or SIP is a method of investing in mutual funds. You may invest a fixed amount regularly in a mutual fund scheme of your choice. You can invest just Rs 500 per instalment in a mutual fund through the SIP.
How to invest in mutual funds in the name of minors?

You can invest in mutual funds in the name of a minor child. The minor child is the sole holder in the mutual fund folio. The guardian for the mutual fund folio must be a parent or a court-appointed guardian.

  • You may approach the branch of an AMC.
  • Submit documents showing the child’s date of birth such as passport or birth certificate while opening a mutual fund folio. You also need documents to establish the relationship between the minor child and the parent/guardian. (For parent it could be the passport and for the guardian it is the copy of the court order)
  • The parent/guardian must be KYC-compliant to invest in mutual funds in the name of minor child
  • You can even register an SIP or STP instruction in the mutual fund folio of a minor child. However, it would cease once the minor child turns 18 years of age.
How to invest in mutual funds for the short term?

You may consider investing in mutual funds depending on investment objectives and risk tolerance. Invest in debt funds to meet your short-term financial goals. You can invest offline or online in direct plans of debt mutual funds with the mutual fund house.

However, you may invest in regular plans of debt funds through a mutual fund distributor. You can invest in debt funds through an online platform such as cleartax invest.

How to invest Rs 10,000 in mutual funds?

You can invest in mutual funds offline or online through a mutual fund house or an intermediary (broker). You may also invest in mutual funds through an online platform such as cleartax invest.

  • Log on to cleartax invest to put Rs 10,000 in mutual funds
  • You must opt for the mutual fund house from the list of fund houses
  • Select the mutual fund scheme based on your investment objectives and risk tolerance and click on Invest now
  • Select the amount you plan to invest in the mutual fund and the mode as One Time to invest Rs 10,000 in mutual funds.
How to invest in gold through mutual funds?

You may invest in Gold ETFs or gold funds either online or offline directly with a mutual fund distributor. You can also invest in these funds with the help of a mutual fund distributor.

However, you may consider investing in gold funds or Gold ETFs through the SIP route. You may invest just Rs 500 per instalment. You can invest in Gold ETFs and gold funds through online platforms such as cleartax invest.

How to invest in mutual funds for retirement?

You may invest in equity funds or ELSS mutual funds for retirement. You must invest in equity funds for the long-term to achieve long-term financial goals such as retirement planning.

You may invest in direct plans of equity funds and ELSS through an asset management company. However, you could consider investing through a broker for regular plans of these mutual funds.You could invest in equity funds and ELSS through online platforms such as cleartax invest.

How much to invest to get 3,00,000 in 3 years in mutual funds?

You may invest a lump sum amount in mutual funds or even through the SIP route. You can invest just Rs 500 per instalment in the mutual fund scheme of your choice through the SIP. Consider using ClearTax Mutual Fund Returns Calculator to determine how much to invest to get Rs 3,00,000 in 3 years.

How to invest in mutual funds in Canada?

You may consider investing in a fund of funds that puts money in Canadian mutual funds. You may approach a mutual fund house which offers the requisite facility.

How to invest in International Mutual Funds?

You may invest in International Mutual Funds directly through an AMC in India. It is an Indian mutual fund scheme which invests in stocks of foreign companies. However, you may consider the fund of funds schemes which invest in foreign mutual funds or whose portfolio mimics a stock market index such as the Nasdaq 100 or S&P 500.

You can invest in International Mutual Funds through an online platform such as cleartax invest.

  • Log on to cleartax invest
  • You must opt for the mutual fund house from the list of fund houses
  • Select the International Mutual Fund under the category ‘Equity’ based on your investment objectives and risk tolerance and click on Invest now
  • Select the amount you plan to invest in the mutual fund and the mode as One Time or SIP.
How to invest in mutual funds as a student?

You can easily invest in mutual funds if you are a student above 18 years of age. You may invest in direct plans of mutual funds through the AMC. You can also invest in regular plans of mutual funds through a broker.

However, you must complete your KYC by submitting a self-attested identity and address proof and passport size photographs at the branch of the mutual fund house. You may complete eKYC online by submitting your PAN and Aadhaar details before investing in mutual funds.

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