Axis Bank SIP Calculator

Axis Bank SIP Calculator

The Axis Bank SIP Calculator helps you estimate the future value of your mutual fund investments made through a Systematic Investment Plan (SIP). By inputting a few key details, this tool provides a quick projection of the total corpus you can expect to accumulate over a specified investment period.

How the Axis Bank SIP Calculator Works

SIP is a disciplined way to invest a fixed amount regularly in mutual funds. The SIP calculator uses the compound interest formula for monthly contributions to estimate how much your investment can grow based on the entered monthly amount, expected return rate, and investment duration.

Formula Used

The calculator is based on the future value of a series formula:

FV = P × ((1 + r)^n – 1) / r × (1 + r)

Where:

FV = Future Value

P = SIP amount (monthly)

r = Expected monthly rate of return (annual rate ÷ 12 ÷ 100)

n = Total number of payments (months)

Key Inputs

To use the Axis Bank SIP Calculator, enter the following:

• Monthly Investment Amount: The fixed sum you plan to invest every month.
  (Default: ₹5,000)
• Investment Duration: The total investment period in years.
  (Default: 10 years)
• Expected Rate of Return (Annual): The average annual return you anticipate from your mutual fund investments.
  (Default: 12% per annum)

Example Calculation

If you invest ₹5,000 monthly for 10 years at an expected annual return of 12%:

• Total invested amount: ₹6,00,000
• Estimated future value: ₹11,61,695
• Wealth gain: ₹5,61,695

Benefits of Using the SIP Calculator

• Instant Estimates: Get a quick forecast of your SIP returns.
• Informed Planning: Helps you set realistic financial goals.
• Customizable Inputs: Change the amount, duration, and return rate to suit your needs.
• Risk-Free Simulation: Evaluate returns without market exposure.

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.