Mastering Your Investments with the Axis SIP Calculator

You can invest in a mutual fund scheme through SIP with most mutual fund houses, including Axis Bank. Mutual fund investors can use the Axis SIP calculator to compute the maturity value from any SIP investment made in an Axis mutual fund scheme. Here we will explore different aspects of the Axis Bank Mutual fund calculator and its importance in mutual fund investments. 

What is a Systematic Investment Plan (SIP)?

A systematic investment plan, popularly known as SIP, is a systematic method of investment in mutual funds. Through SIP, you can invest a small amount of money in mutual funds at regular intervals (daily, monthly, quarterly, or half-yearly). SIPs allow investors to make small investments, starting from as low as Rs. 500, at regular intervals. It is the best way of investing for beginners and investors who can’t invest a large amount at once. Systematic investments help investors achieve their long-term goals like retirement plans, a child’s higher education, or purchasing a dream home. 

How to Use Axis Bank Mutual Fund Calculator?

It is very easy to use the Axis Bank mutual fund calculator to estimate the potential returns from SIP investments. You need to choose the SIP investment option to use the Axis Bank SIP calculator. The calculator is available online and investors can use it for free by following the below-mentioned steps:

• Type in the monthly SIP amount you want to invest in any of Axis Bank’s mutual fund schemes:
• Enter the expected rate of return (ROI).
• Type or select the investment period for which you want to stay invested.

You will see the total invested amount, estimated returns, and the total value. 

Formula for Axis Bank SIP Calculator

M = P * {[(1 + i)^n] – 1/i} * (1 + i)

Where
M = Maturity value of investments
P = SIP contributions per month
i = Interest rate per annum divided by 12
n = number of SIP instalments

When you provide the inputs, the Axis Mutual Fund SIP calculator does all the calculations internally and provides you with the value of the investment over the selected period. 

For example, you invest Rs. 5,000 monthly through SIP in an Axis mutual fund scheme over 12 years and the historical XIRR is 15%. Based on the XIRR of 15% from the investment, the investment amount and expected maturity value of the investment will be as under.

• Invested amount: Rs. 7,20,000
• Estimated returns: Rs. 12,97,923
• Total value: 20,17,923

Note: Mutual fund investment is subject to market risk. Read all scheme-related carefully. 

Benefits of Using the SIP Investment Calculator of Axis Bank

• Simplifies the process: It can be complex for investors to estimate SIP investments and potential returns. The Axis SIP calculator simplifies this process by doing the calculation for you. You just need to input simple information like amount, expected return rates, and time.
• Available online for free: The SIP calculator is free and can be used end a number of times to find different returns over different investment horizons at different rates of return. 
• Financial planning: The calculator can be a great help for estimating investment amounts beforehand so that you can plan your finances according to your goals.
• SIP Frequency: Based on your investment goals and SIP frequency, you can use the calculator accordingly. For example, you can use a daily SIP calculator to compute the amount accumulated over a period of time with daily investments at a given ROI. 

You can set frequency as daily, weekly, monthly, quarterly, half-yearly, and yearly in the Axis Bank SIP Calculator.  

Axis Bank SIP calculator is an easy-to-use online tool that helps investors with complex tasks. By using the calculator, you can get an idea about the potential maturity return within seconds. You can also use the Axis Bank mutual fund calculator to compute returns for both SIP and lump sum modes and decide which option is better for you. 

Please note: The SIP calculator can be used to compute the probable maturity value of your investment. The actual maturity amount through SIP could be different, because the expected rate of return may vary over the investment term, depending on the market performance. 

FAQs

1. What is the Axis Bank SIP calculator?

Axis SIP calculator is an online tool that investors can use to estimate the returns from an SIP investment in any of Axis mutual fund schemes over the investment horizon.

2. How to invest in Axis Bank SIP?

You can invest in Axis mutual fund scheme through SIP, using the best mutual fund app like: ZFunds app. Download the ZFunds app and complete your KYC with the necessary details and log in with your credentials. Select the Axis Bank mutual fund you want to invest in. Choose the SIP option and type all necessary details like the amount of SIP, investment duration, and start date. Complete the process to start investing from today. 

3. Which is the best Axis mutual fund for SIP?

Axis Mutual Fund has a wide range of investment schemes across the risk-return profile. Based on your investment horizon, risk tolerance, and investment horizon, you can select a scheme. You need to stay invested through SIP for the long term to see the best results. 

4. How does the Axis SIP calculator work?

It is easy to use Axis Bank SIP calculator; all you need to do is type the SIP amount, expected annual return and duration of the investment. The calculator will show the expected return and value of your investment at the maturity of the SIP. 

5. How much can I invest in an Axis mutual fund through SIP?

You can start investing in mutual funds through SIP from as low as Rs. 500 per month. Above this, you can invest any amount.

6. What are the benefits of a SIP calculator?

A SIP calculator provides several benefits including:

- It can do a complex calculation task in a matter of seconds

- Easy to use

- You can figure out the estimated maturity amount

- Helps in financial planning

- Available free

7. Can I increase the SIP investment amount?

Yes, you can increase the SIP investment amount. While registering for your SIP, you can select a periodic top-up of the investment amount. If you didn’t select auto top-up at the time of registration in the same scheme, the new units allotted will be added to your portfolio. 

8. What are the inputs I need while using an Axis Bank SIP calculator?

The inputs required are:

- Axis mutual fund scheme you want to invest in

- Monthly SIP amount

- Expected return

- Investment horizon

9. Can the investment made through SIP be redeemed anytime?

Yes, you can redeem SIPs anytime as you wish. However, if you invest in ELSS (Equity Linked Savings Scheme), there is a lock-in period of 3 years.