DSP SIP Calculator

DSP Investment Managers thrive as an independent Asset Management Company in India. The firm offers a plethora of mutual fund schemes for investors with different income classes and preferences. To make mutual fund investments easy for customers, the DSP team launched its DSP mutual fund calculator. The DSP SIP calculator is a powerful online tool that calculates potential returns on SIP investments. 

It relies on vital data inputs to find the estimated growth of a mutual funds project in the forthcoming years. It includes the monthly investment amount or the mutual fund name, investment tenure, and expected rate of return. The calculator studies the data entered, analyses the prevailing market trends for the adopted scheme, and displays the future value on the screen. 

Once you enter the data, the calculator shows the names of popular DSP mutual fund schemes that suit your SIP investment amount and other preferences. The Step-Up feature of the DSP SIP calculator allows you to calculate the future worth of your SIP scheme following a periodic rise in SIP by a certain percentage. 

In SIPs, you can lock a small amount of money as an investment for a monthly, quarterly, or yearly tenure. This makes SIPs more adaptable for all categories of investors. 

You need to provide the data mentioned below to the DSP mutual fund SIP calculator to find the expected amount the mutual fund scheme will fetch at maturity.

• SIP amount you are willing to invest 
• Expected rate of investment
• Number of months for which you are willing to lock your funds
• Expected future value

 The SIP return calculator DSP offers uses two different ‘approaches’ for finding the future return value and best periodic SIP amount on a particular investment scheme. The first is the ‘investment amount approach,’ and the second is the ‘target/maturity amount approach.’ 

The ‘investment amount approach’ is good if you are clear about the monthly amount you are willing to invest in the mutual fund scheme. On the other hand, the ‘target/maturity amount approach’ is feasible if you are unsure about the best periodic SIP but have decided upon the target amount. 

Finding answers to some crucial questions is necessary before investing in a mutual fund SIP scheme. You must ascertain the monthly/quarterly/yearly SIP investment amount, rate of return, and future value of the scheme before locking your funds. Manual calculations can be time-consuming and are also prone to mistakes. This is where DSP SIP Calculator comes into play. 

The online tool estimates the future value of your SIP product, expected rate of return, and preferred monthly SIP investment. It gives a clear idea about the investment amount, expected capital profits, and predicted earnings on the maturity of the SIP investment. It boasts a simple-to-use interface that ensures full accuracy of data results. 

However, the data released by the SIP calculator is only a prediction/an estimate. The actual future returns can vary from the estimated returns due to market fluctuations. Hence, you must invest in a trusted mutual fund scheme that has given its customers steady returns over the years. 

Formula to Calculate DSP SIP Returns 

The mutual fund calculator DSP firm offers uses the given below formula for calculating the future returns on a mutual fund scheme:

FV = P x ({[ 1+ i] ^ n -1} / i) x (1+i)

The table shows the value represented by the variables in the given formula. Have a look:

Illustration

Mr ABC invests INR 1,500 per month in the DSP SIP scheme for one year at a 12% interest rate. His future estimated maturity return would be:

Total amount invested: INR 18,000

Formula application- 1,500 ({[1 + 0.01] ^ {12 – 1} / 0.01) x (1 + 0.01)= 19,214

Expected return amount: INR 19,214

Profit: INR 1,214

The estimated Future Returns for various investment time frames are given here. Have a look:

The DSP SIP interest rate calculator is a simple yet reliable tool for calculating the estimated returns on a mutual fund scheme. It follows two approaches to easily find the desired maturity amount, most feasible periodic SIP amount, and interest rate. The main steps to use the DSP SIP calculator are:

• Fill in the amount you are willing to lock as a periodic investment in a particular mutual fund project. You can do this manually or drag the slider to the chosen investment amount. 
• Use the slider to select the preferred yearly interest rate you aspire to fetch from the investment. 
• Choose the tenure for the SIP investment. 
• Set the step-up percentage. 
• The calculator uses the given information to ascertain your future returns, growth rate, and SIP investment amount in seconds. 

• The DSP SIP calculator gives a fair estimate of the future returns of a mutual fund project. It analyses the data provided by you to offer the best-suited periodic SIP amount as well. 
• The calculation tool has a simple interface that ensures the maximum accuracy in results for investors. It saves you precious time by doing complex calculations related to the future growth returns on your investment.
• The Step-up feature allows you to fulfil your financial goals easily. The estimated results ease your financial planning.