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SIP calculator is an online tool that helps users determine the returns on their investments made via the systematic investment plan route. SIP is an investment vehicle offered by many fund houses to investors, allowing them to park smaller sums of money periodically rather than a lump sum amount.
Before investing in any mutual fund through SIP, users are advised to make use of the SIP calculators available online to know the future value of the investments. Individuals can accordingly plan their investment better - right from deciding how much to invest to the tenure they should select. Through ICICI's SIP calculator, individuals can find out how much their SIP installments today can earn them in the future.
ICICI Prudential AMC is among the country's top asset management companies, offering a range of investment solutions. The company is a joint venture between ICICI Bank and Prudential Plc., a British multinational life insurance company. Over the years, the AMC has been able to establish itself as a prominent player in the mutual fund industry.
ICICI Prudential AMC manages significant assets under management in the mutual fund segment. It caters to portfolio management services for investors across the nation, along with advisory mandates for customers across international markets in asset classes like real estate, equity and debt.
The company has witnessed tremendous growth in scale since its inception - from 6 employees and 2 locations in the year 1998 to 2062 employees across 300+ locations, reaching out to an investor base of over 4 million as on June 30, 2019. The AMC has more than 68 mutual fund schemes in its portfolio.
(Source: Official website of ICICI Prudential Asset Management Company)
The advantages of using the ICICI SIP Calculator are as follows:
To use the ICICI SIP calculator, an individual will need to input how much his or her monthly investment amount will be, the period of investment and the expected return (%). Based on the information provided, the online tool will show the user's earnings (profits) at the end of the investment period as well as the total investment.
Eg. a) Mr. A wants to invest a monthly sum of Rs. 10,000 for a period of 5 years. His expected rate of return is 15%. On entering these details in the online tool, he gets the following results:
Earnings (profits) at the end of the investment period = Rs. 8,96,817
Total Investment = Rs. 6,00,000
b) Mr. X wants to invest a monthly sum of Rs. 5,000 for a period of 8 years. His expected rate of return is 20%. On entering these details in the online tool, he gets the following results:
Earnings (profits) at the end of the investment period = Rs. 11,85,884
Total Investment = Rs. 4,80,000
Prior to investing in any mutual fund scheme of ICICI Prudential AMC, individuals are advised to use the online SIP calculator available on the company’s website. Users can accordingly make an informed decision on which scheme to invest in as well as the amount and period of investment. Estimation of the investment value can help users plan their finances better and choose the right mutual fund scheme.