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There is no minimum or maximum tenure for SIP investments. Furthermore, when investing in equity mutual funds, it is advisable by experts to invest for at least 3 to 5 years. Therefore, longer investment durations help you average out the volatility and generate significant returns. The taxability of mutual funds depends on their type and the period of investment.
Furthermore, the Scripbox SIP calculator estimates maturity amount based on three growth scenarios – Above average returns, average returns and below-average returns. The calculator will automatically estimate the potential gains at the end of the investment tenure. Also, one can view the calculation of SIP Maturity Amount either in a chart or table form.
This means the investment has grown 13.98% each year for a tenure of 7 years. The return will remain the same in terms of months as well. Investors can compare multiple return scenarios using the free online Axis Bank SIP calculator and make the right investment decisions that will help them earn significant returns. Returns from Axis SIP plans are just an estimation based on the fund’s past performance and it doesn’t guarantee future returns. The actual returns are subject to fund and market performance. The fund has the majority of its money invested in Financial, Technology, Services, Automobile, Materials sectors.
A fixed amount gets invested automatically at a fixed interval. One doesn’t need to spend time on a regular basis to put the money to work. Only investments in ELSS through SIP have tax exemption up to Rs. 1.5 lacs annually under Section 80C of Income Tax Act, 1952. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax – STCG) if units are redeemed within 1 year of investment.
How to use Axis SIP Return Calculator?
Furthermore, it is important to know that mutual fund investments are subject to market risks. Hence, investors should be mindful of the risks and understand the https://1investing.in/ calculator is just an estimate of the potential returns and doesn’t guarantee them. Investment in mutual funds or any asset class comes with an inherent risk.
Further, you can change the scheme and periods to gauge returns aiding them in their financial planning. The decision of FD vs SIP or which is better FD or SIP depends on the objectives of an investor, type of investment solution, and the understanding or acceptance of risk. There are multiple common grounds on which you can compare both the options like returns, liquidity, tax, investment objective, and risk. An investor who wants to invest in a secure and pre-determined interest providing an investment option can consider FD. While investing, everyone is curious to estimate their potential returns. Estimating returns ensures the investor whether or not the chosen SIP will help them realize their financial goals or not.
This is the reason why direct MF schemes have a lower expense ratio. A lower expense ratio of direct plans allows you to generate higher returns as compared to the regular mutual fund plans. In the long run, the direct mutual fund schemes can give you significantly higher returns than the regular ones. Also, the AMC employs effective risk management and planning procedures. Hence investors get a comprehensive view of the company’s practices. The asset allocation of the Axis mutual fund schemes is strategically designed by the fund managers.
About: Axis Mutual Fund SIP Calculator
The Axis SIP calculator does all the calculations in the back end and provides you with the value of the investment over the period selected. Systematic Investment Plan allows you to make small investment at regular intervals to help you achieve your dreams. Axis Bank offers its customers a choice to start a SIP in mutual fund schemes of 20 Asset Management companies . Rolling returns are the annualized returns of the scheme taken for a specified period on every day/week/month and taken till the last day of the duration. In this chart we are showing the annualized returns over the rolling returns period on every day from the start date and comparing it with the benchmark. Rolling returns is the best measure of a fund’s performance.
One can plan different life goals be it such as children’s future, retirement, international holiday, holiday home, etc. You can log in to the mutual fund house page using your folio number or PAN number. Select the scheme and amount or number of units you wish to redeem.
For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you. Suppose, an investor wants to invest Rs 5,000 in an Axis mutual fund scheme over 15 years and the past XIRR of the scheme is 12.5%. Based on this historical XIRR of 12.5% from the investment, the application gives you the following results.
Axis SIP calculator also helps in estimating the monthly investment amount if the investor knows how much they want to earn at the end of their investment tenure. With SIP in mutual funds, you can invest small amounts of money at regular intervals. A SIP helps you grow your money in the smartest way possible. Axis Bank SIP Calculator is an online tool that helps estimate the returns of SIP investment.
Remote Banking
The Axis mutual fund SIP calculator augments this component by providing you with a simple tool to prudently plan your portfolio investments. By easing this fundamental financial plan process, the calculator aids successful financial planning. For this, you need to select the mutual fund scheme, input the investment amount and click on the ‘calculate’ button to get the maturity value of the investment.
However, the fact is that SIP is a style of investment and not a fund/scheme or a stock or an investment avenue. It is a vehicle to invest periodically in a fund/scheme of your choice. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund’s volatility is in line with the broader market.
Past performance may or may not be sustained in the future. Buy Low and Sell High like smart investors based on Margin of safety in the markets. Use this calculator to find the monthly SIP required for a specified duration at the expected interest rate for building a target corpus. However, if you are looking for a disciplined investment over a period of time with a fixed amount, you can opt for the Systematic Investment Plan mode of investment.
- Top-up or Step-up SIP will help you increase your SIP investment amount periodically.
- You need to note that investments through SIP are invested in mutual funds that are market-linked and thus,s are subject to market-related risk.
- Average of the yearly returns of a mutual fund over a given period.
- Investing in these schemes means that how much risk you as an investor ready to take so that your money grow in leaps and bounds.
Saving by investing regularly is the best habit, and every investor needs to inculcate it. Flexible SIP– This type of SIP allows you to alter your investment amounts. You have to inform axis bluechip fund sip calculator the fund house regarding the SIP amount at least a week before the SIP instalment date. SIP return can be calculated using absolute return, annualized returns, CAGR, and XIRR.
To proceed, complete the registration process by providing all the necessary details. Choose the plan that you wish to invest in, select the SIP option and invest. Investing through Scripbox is as easy as online shopping and can be done within a couple of minutes. Top-up or Step-up SIP will help you increase your SIP investment amount periodically. While starting your SIP investments, you can opt for the top-up or step-up option in the application form and give the instructions accordingly. Also, Scripbox will allow you to step up your investments at any time.
You should identify the scheme basis the risk-return profile and investment horizon. It is also important that you invest through SIP over the long term to derive the best results. You can choose any scheme as well as choose any investment period. This gives you the creative freedom to plan your finances prudently. Exit load – This is the charge that the investors have to pay to exit or liquidate their investments. With SIP, you don’t need to worry about timing the markets.
There are funds with huge AUMs that continue to perform well despite their size. Axis Bluechip Fund-Growth returns of last 1-year are -6.08%. Since launch, it has delivered 12.39% average annual returns. The fund has doubled the money invested in it every 6 yrs.
Manager & Other Details
Furthermore, the Scripbox Axis Bank SIP calculator estimates maturity amount based on three growth scenarios – above-average returns, average returns and below-average returns. The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund.
Now, click on the ‘Monthly SIP option’ and provide all necessary details like the amount of SIP, investment duration and start date. Then, click on ‘Start SIP’, and your SIP investment will commence from the date provided by you. The Axis Bank SIP Calculator works on the investment amount and target amount approach. The investment amount approach is the most used approach where the investors enter the amount they want to invest along with the tenure, expected rate of interest and step-up percentage.
ET Money’s Fund Report Card – Axis Bluechip Fund
The ending and beginning values are the NAV or Net Asset Value of the fund at the beginning and ending of the investment. You confirm that you have seen and understood your investor personality by entering the OTP. The tool reduces the hassles of computing the returns, providing you with a one-stop destination. You need to just input simple information such as scheme and investment amount for the calculations. Fund age – This provides the vintage of the scheme i.e., the amount of period that the fund has been in inception.
It has taken less exposure in Financial, Technology sectors compared to other funds in the category. Average of the yearly returns of a mutual fund over a given period. The SIP Axis Bank calculator is a great tool for getting knowledge of the investment amount beforehand and lets users plan their investments efficiently. Axis SIP calculator is a simple and efficient online tool available to plan your SIP investments. Expense ratio – This is the cost that the scheme charges to the investors to manage their money. With auto-debit feature, firstly you don’t need to remember the debit dates as the bank account will get debited automatically on the date which you have selected for SIP.