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Why the SIP Calculator is Your Best Friend in Mutual Fund Investing?

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By : Dishika Baheti    99 or more times read
Submitted 2019-05-22 07:55:09
What do you think makes a person genius? Is he a genius if he’s good at chess? Or is he a genius if he could solve the Riemann hypothesis? Well, you can argue that playing chess can be mastered with time and the latter is simply impossible, a genius – at least in case of financial management and mutual fund investments – is someone who knows the sweet spot, i.e. the area where to park his funds and the strategy to be followed thereafter. And, the SIP Calculator can be a great aid in fixing that spot.

The SIP Return Calculator is a modern-day marvel that has streamlined the process of making strong financial plans. This ready-to-use online tool is based on cutting-edge technology that allows the users to get accurate answers within seconds. With the help of this tool, millions have achieved their dreams and aspirations, and will continue doing till the time lives.

How to Operate the Online SIP Calculator?

Operating the SIP Returns Calculator is quite easy. You need to first fish some information about your profile, which will then be fed into it for producing results. At the outset, three major answers need to be sorted: -

• Your Budget – Decide how much you are ready to pay for your investments. SIPs give option to invest monthly and quarterly. Moreover, you get an option to stop or increase your SIPs. Hence, there is lot of flexibility in deciding over your investment budget.
• The Duration – The next step is to fix the time duration for which you’d want your investments to carry on. Ideally, you should set the course for at least 3-5 years for clasping on the best results. Remember not to fidget with your investments in between, as it could hamper the progress and render you great loss.
• Earning Expectation – This is a critical step as it reflects the amount that you expect to earn every year. Of course you’d want to aim high, but beware that your expectations should align with the fund. Don’t expect returns in two figures if you have chosen Liquid Funds for your plans. Also, keep distance with aggressive, risky plans if you are a risk averse investor and are looking forward to a safer investment option.

Once you have supplied all the necessary information to the SIP Planner, then the next step is to hit Enter. With that, you’d be served with the most accurate value that your investments are likely to hold in the future.

How the SIP Returns Calculator can Help in Wealth Building?

To achieve success at mutual fund investments, you need to take care of certain things – a solid plan, discipline, and flexibility. Your first step towards success at mutual fund investing starts with creating a top class plan that is attuned to your needs. You should add top-performing funds that align to your profile in your cart, and stay abreast with the latest changes happening in their fund management or portfolio.

The next thing is to stay loyal to your plan. If you decide to invest for five years, do not cheat! If you fiddle with your plans, they may be rendered defunct and you may lose money instead of earning it. The last thing is flexibility, which means that you shall have enough elasticity in reserve to calibrate with the market movements. In the times of desperation do not try to ditch the ship, and in happy days do not become too ignorant.

If you stick well with the above points, then you can have a large sum of money by the end of your time horizon. The work of the SIP Calculator here is to show the likely results if any of the above three (your plan, loyalty and flexibility) gets affected. Since you’d have a clue of the likely future results, you’d be able to take better decisions beforehand and would enjoy a greater chance at success.

The Final Word

Making money with mutual funds isn’t easy. However, you can move ahead strategically by using the SIP Return Calculator to your aid and maximise the chances of your winnings. So, don’t wait anymore. Call your financial advisor today, and don’t budge till you find something useful.
Author Resource:- The author is a backpacker and a foodie. She is a bundle of talent and helps others in finding their way up to their passion. Besides travelling, music and writing has been her greatest lovers. She does creative and technical writing for many startups.

Here, a step by step process is explained that will make it easier for the readers to use the SIP calculator and make better investment decisions.

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