Union SIP Calculator

The acronym "SIP" stands for "systematic investment plan," which refers to a way of investing in a mutual fund scheme at predetermined intervals (weekly, monthly, quarterly, etc). It provides you with the opportunity to establish a corpus with little input and provides you with the advantage of rupee cost averaging throughout your investment.

This makes it an excellent instrument for your investments. The Union SIP calculator assists you in estimating the amount of the systematic investment plan, or SIP, that you will need to contribute each month to the mutual fund investments to reach the target amount within the allotted length of time.

It estimates future mutual fund project growth using key data inputs. This comprises the monthly investment amount or mutual fund name, investment length, and estimated rate of return. Once the essential data is entered, the Union SIP calculator helps you figure out how much money you will have at the end of your monthly or quarterly SIP investment plan. This sum is calculated using the rate of return.

For the mutual fund calculator Union to figure out the maturity amount, input the following information:

• A monthly investment amount must first be determined by a SIP investor.
• Investors must input their estimated investment returns. Depending on which mutual fund plan is chosen, these expected returns are different.
• Investors are required to provide a desired investment period in years.
• In addition, investors can insert a step-up % to enhance the SIP value at regular intervals if they so choose.
• After inputting their information, investors may see how much their money will be worth at the end of the investment period by clicking the "Calculate" button. This demonstrates if their investing methods will assist them in meeting their financial objectives.

A SIP Calculator is an easy-to-use online tool for figuring out the returns on investments made in SIPs at any financial institution. The Union SIP interest rate Calculator helps investors figure out how much they have to pay in total over the term to have the amount of money they want in the future.

Even though it is known that the stock market is volatile, the SIP return calculator Union figures out the returns based on how the market is doing right now. The fact that it is easy to use makes it useful for investors. To get the results from the Union SIP calculator, you just need to move the slider to the right place. The calculated results and the actual outcomes may differ at times due to market volatility.

Formula to Calculate Union SIP Returns

​​The Union Bank SIP calculator calculates returns based on the rate of return, principle amount (SIP value), and estimated period using the formula below.

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

The table shows the value represented by the variables in the given formula:

For Example: If XYZ decided to spend INR 5000 per month in one of the Union Mutual fund SIP schemes at the rate of 6% for 4 years. The total amount they receive at maturity is INR 271,842 on the invested amount of INR 240,000, with a potential gain of INR 31,842. Refer to the table below:
 

The Union Mutual Fund SIP Calculator is very easy to use and only needs basic information about the SIP scheme to be filled in. Here are the basic steps required to determine the returns on your SIP with Union Bank.

• To choose the monthly investment amount, either use the slider or type in the desired amount in the box
• You can choose the expected rate of return you want to get each year by moving the slider, or you can type it in the box.
• Choose how long you want to keep your money in the SIP scheme.
• Once you type all the essential information it will automatically show the results on the right side of your screen. The result summary will include Total Invested Amount, the Total Interest Earned, and the Maturity Amount.

Based on the results you can decide whether you wish to invest in the selected plan or would like to analyse another.

• A Union SIP calculator can help you figure out how much you will make. All you have to do is input a few simple pieces of data to find out how much you have spent in total.
• It makes calculations faster and more accurate, saving you a great deal of time and trouble.
• When you use a Union mutual fund calculator, one of the best things about it is that you can plan your investments ahead of time and glance at different outcomes.
• With the Union SIP Calculator, you can change the interest rates and see what the possible returns would be on different SIPs with the same investment amount and the same length of time.