Mirae Asset SIP Calculator

Created by 5paisa, the Mirae Asset SIP Calculator is an efficient online tool that computes future returns on Mirae Asset’s SIP investments by ascertaining the most-suitable periodic SIP amounts to reach your desired profits. It is a simple-to-use online resource that estimates future returns on mutual fund SIP schemes.

With a few simple inputs, the mutual fund calculator Mirae Asset displays an estimate of future earnings, estimated interest rate, and periodic SIP investment. It helps you compare future returns on various schemes for varying periods, giving a clear trajectory of SIP’s growth potential.

However, the SIP calculator only provides a rough idea of future returns on a particular scheme. The actual returns can differ from the predicted values, so you should act wisely when choosing a mutual fund scheme.

The Mirae Asset SIP Calculator follows a simple strategy to ascertain the future return, periodic SIP instalment, and expected interest rate on mutual fund schemes. You must input the following factors:

• Amount you plan to invest
• Total tenure
• Expected rate of investment (ROI)
• Estimated future return or target amount
• Step-up percentage

The Mirae Asset SIP calculator provides a clear interpretation of estimated future returns and growth potential and displays the total amount, proposed capital gains, and estimated target amount. The SIP return calculator Mirae Asset simplifies calculations, saves time, and ensures accuracy in the estimated values.

The Mirae Asset SIP calculator adopts two strategies to find future earnings: the investment amount approach and the target amount approach. The first works well if you know your periodic instalment amounts, while the second is best for those who want a specific amount at maturity.

The Mirae Asset mutual fund sip calculator reduces the burden of tedious calculations that are essential for mutual fund investments. By feeding a few simple parameters, you can extract future returns on any Mirae Asset SIP scheme within seconds. The inserted information successfully predicts the future valuation and amount gained at maturity.

The Mirae Asset sip interest rate calculator analyses investment preferences and studies market trends of the chosen mutual fund scheme. Post this, the tool automatically ascertains potential gains likely to be earned at maturity and displays the estimated results in an easy-to-read detailed chart or table.

Formula to Calculate Mirae Asset SIP Returns

The Mirae Asset mutual fund calculator assesses future returns using the given formula: 

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

The variables in the above formula represent the following:

For a novice in the mutual funds market, future returns and target amount calculations can be cumbersome. However, with the Mirae Asset SIP calculator, you can avoid these calculations and focus on diversifying your mutual funds portfolio.

Illustration

X invests INR 1,000 per month in the Mirae Asset SIP scheme for one year at a 15% interest rate. Their future estimated maturity return would be:

1,000 ({[1 + 0.01] ^ {15 – 1} / 0.01) x (1 + 0.01)= 13,021

Total amount invested: INR 12,000

Expected return amount: INR 13,021 (approx.)

Profit: INR 1021 (approx.)

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

The Mirae Asset SIP calculator offers a robust interface for calculating future returns on mutual fund products. You must provide the necessary details to get the estimated values of future returns within seconds.

The primary steps to seek the desired results from the Mirae Asset SIP calculator are as follows.

1. Fill in the amount you are ready to invest in the scheme. You can do this manually or use the slider to select the feasible investment amount. 
2. Drag the slider to select the yearly growth rate you expect to achieve from the scheme in the decided tenure. 
3. Choose the total tenure for which you are willing to invest.
4. Lock the step-up percentage. It helps you easily adjust the SIP amount based on your earnings. 

The Mirae Asset mutual fund sip calculator studies the data and estimates the periodic investment amount, interest rate, and maturity amount you will likely fetch from the scheme if you invest today.

The benefits of investing using the Mirae Asset SIP Calculator are:

• The calculator ascertains the estimated future value of your earnings by investing in the particular mutual fund's scheme. 
• Using the tool, you can solve complicated calculations related to the total value of investments, interest rate, and monthly SIP instalment, saving time and getting a clear idea about the project's future growth potential in the market. 
• The Step-up feature helps you plan your investments well and easily achieve compliance with your financial goals.