All about SIP Calculators
All about SIP Calculators https://www.fundstiger.com/sip-calculators/ Systematic Investment Plan (SIP) To start investing in equity mutual funds, one is often asked to save through SIP. The systematic investment plan (SIP) can be monthly or quarterly or at any fixed interval and works better in the case of equity mutual funds (MFs). Investing using the SIP mode helps to keep the average cost of MF units low and also helps avoid the temptation to time the market. SIP suits long-term goals such as children’s education, marriage or for own retirement. But, before one starts a monthly SIP, the investor would want to know as to how much will be the final amount. SIP calculator can be of use and help the investor decide how much one should save to reach their goal of Rs 1 crore or a higher amount. How does SIP calculator works? SIP calculator is essentially a tool that helps to calculate the maturity value of a series of payments for a specific period at an assumed growth rate. The...