You may determine the returns from mutual fund investments using the mutual fund SIP calculator, which is a simulation. If you make an investment in a lump sum or even via a SIP, you can figure out its maturity value. The Systematic Investment Plan (SIP) is an investment option provided by Mutual Funds. that enables investors to invest a specified amount in a Mutual Fund scheme on a regular basis, as opposed to doing so all at once.
What is a Mutual Fund SIP Calculator
Mutual Fund SIP Calculator is an app that lets you calculate the best way to invest in a mutual fund or exchange-traded fund (ETF) and helps you create a monthly investment plan for your mutual fund or ETF.
A Beginner’s Guide to Using Mutual Fund SIP Calculator:
 A SIP calculator is a simple-to-use tool that enables you to obtain a sense of the maturity value of the mutual fund investment. Given that you already know how much money you will receive upon maturity, and it enables you to plan your spending and meet your financial objectives. When calculating the maturity amount for an estimated rate of return on the investment, you can specify the SIP amount, duration, and frequency.
The formula box on the SIP calculator allows you to choose the type of investment and Either a one-time payment or a series of payments may be made. To determine the maturity amount, you choose the investment amount, rate of return, and length. If the investment is a SIP, you decide on the SIP’s size, frequency, length of time, and estimated rate of return. The mutual fund SIP calculator displays the investment’s worth upon maturity.
Why to Use a mutual fund SIP calculator?
- Decide Your Investment Goals: A mutual fund SIP calculator will assist you in figuring out how much you should put aside on a regular basis in order to achieve your financial objectives, such as purchasing a home, paying for your child’s school, or accumulating savings for retirement.
- Plan Your Investment Budget: By enabling you to understand how much you must consistently contribute in order to achieve your financial objectives, a SIP calculator can help you plan your investment budget.
- Track Your Progress: A SIP calculator can assist you in keeping tabs on your progress toward your financial objectives and modifying your investing strategy as necessary.
- Compare Expected Returns of Various Investments: A mutual fund SIP calculator can assist you in comparing the expected returns of different assets and evaluating various investment possibilities so that you can make well-informed selections.
- Compare Investment Scenarios: A mutual fund SIP calculator may assist you in comparing various investment scenarios and observing the effects of altering variables such as the size, frequency, rate of return, and length of the investment period on your investment portfolio.
- Better understanding of interest: A mutual fund SIP calculator can help you better comprehend compound interest and demonstrate how tiny, consistent investments can balloon into substantial sums of money over time.
Advantages of using a mutual fund SIP calculator:
As it is an online tool that is accessible from anywhere, using a SIP calculator enables financial planning on the go. It gives you a reasonably accurate estimate of your return on investment while saving you time and avoiding mistakes that can occur with manual computation.
ICICI Prudential Asset Allocator Fund:
The main source of capital appreciation for the Scheme comes from a portfolio of equity, debt, and gold schemes that are accessed via the various investing strategies of the underlying schemes. A hybrid FoF mutual fund product from ICICI Prudential Mutual Fund is the ICICI Prudential Asset Allocator Fund (FOF). The Growth plan can consistently deliver returns, which is comparable to other funds in its category. It has a mediocre capacity to limit losses in a down market. The equity part of the fund is mostly invested in industries related to finance. Compared to other funds in the category, it has acquired less exposure to the financial industry.
The ICICI Prudential Asset Allocator fund’s debt portion has a reasonable credit quality, which indicates that the borrowers it has lent money to have good credit. The top 5 holdings of the fund are ICICI Prudential Top 200 Fund – Direct Plan, ICICI Prudential Savings Fund – Direct Plan, ICICI Prudential All Seasons Bond Fund Direct Plan-Growth, and ICICI Prudential Gold Exchange Traded Fund-IDCW.
Hybrid mutual fund
A hybrid mutual fund product from ICICI Prudential Mutual Fund is the ICICI Prudential Asset Allocator Fund. Manish Banthia, Sankaran Naren, and Dharmesh Kakkad are the fund managers for this scheme, which was introduced on an Invalid date. Its AUM is 18,321.84 Crores, and as of Mar. 4, 2023, its most recent NAV declared was 91.175. The ICICI Prudential Asset Allocator Fund’s (FOF) direct plan’s expense ratio is 1.35%.
The return performance of the ICICI Prudential Asset Allocator Fund (FOF) Direct-Growth scheme for the past year, three years, and from the plan’s introduction is 10.23%, 52.36%, and 212.30%, respectively. The minimum SIP investment in the ICICI Prudential Asset Allocator Fund program is Rs.1000. You have to read all documents and its terms and conditions before investing because it is all about your money.
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