Axis SIP Calculator : Calculate Return on Axis SIP Schemes

How Does Axis Bank SIP Calculator Work?

SIP stands for Systematic Investment Plan. It allows you to invest a small amount of money at regular intervals, such as weekly, monthly, or quarterly. SIP makes investment possible for everyone since you can start investing in a mutual fund for as little as ₹1,000. However, when investing in an Axis Mutual Fund scheme, it is essential to use every applicable tool to ensure your decision is error-free. The Axis SIP calculator is one of the fundamental yet most vital tools you might consider in such a situation. This Axis Bank SIP calculator ideally helps you assess the expected returns on the SIP investments in Axis Mutual Fund schemes.

How Can an Axis SIP Calculator Help You?

Let’s take a look at the pertinent uses of the SIP Axis bank calculator:

• It can help you estimate the future value of your SIP investments based on the SIP amount, duration, and expected rate of return.

• It can help you compare different SIP schemes Axis Bank offers and other Asset Management Companies (AMCs) offer.

• It can help you track the performance of your SIP investments over time and make adjustments if required.

• It can help you determine your long-term goals, such as retirement, children’s education, homeownership, etc.

How Does the SIP Axis Bank Calculator Work?

The Axis SIP calculator computes returns based on the Extended Internal Rate of Return (XIRR). I.e., the calculator considers, along with the applicable XIRR, the amount of money you invested and the duration of your investment to estimate the future value of your investment. Follow the formula given below for a better understanding:

FV = P x {[(1 + i) ^ n – 1] ÷ i} x (1 + i)

Where,

• FV = Future value of investments
• P = SIP amount per month.
• i = monthly compounded rate of return; I.e., XIRR
• n = Number of SIP instalments

To illustrate how the Axis Bank SIP plans calculator works, let us take an example of a sample calculation. Suppose you want to invest ₹10,000 per month in the Axis Bluechip Fund (G) for 10 years and expect a 12% annual return from the scheme. The Axis mutual fund calculator will use the following formula to calculate the future value of your investment:

Where,

• P = ₹10,000
• i = 12 % annual return = [12/100] ÷ 12 = 0.01 per month
• n = 10 years = 10 x 12 = 120 months

Put these values on the abovementioned formula:

FV = 10000 x {[(1 + 0.01) ^ 120 – 1] ÷ 0.01} x (1 + 0.01)

FV = 10000 x 230 x 1.01

FV = 23,23,000

Alternatively, you can use the Axis Bank SIP calculator online by following the simple steps given below:

• Visit the official website of the Urban Money.
• Click the “Calculator” menu and choose “SIP Calculator.”
• A digital SIP calculator may display on your screen where you must enter the monthly investment amount, applicable time period, and expected returns.
• Ensure the inputs are error-free. You can locate the most accurate return rates on your chosen Axis mutual fund scheme from the official Axis Mutual Fund website.
• Tap “Enter” to see the estimated future value of your SIP investment.

Axis Bank SIP Return Rate

Here are some of the notable Axis mutual fund schemes, along with their respective return rates, as of February 2024:

Axis Bank Lumpsum Calculator

A lump sum calculator is an online tool. You can use this handy calculator to determine the returns on the lumpsum investment. A lump sum investment is a one-time investment that enables you to invest a large amount of money once in a lifetime. However, Axis Bank offers a lumpsum calculator on its official website where you can enter the amount you want to invest, the duration of the investment, and the expected rate of return to see how much your money can grow over time. You can also use this lumpsum calculator to compare Axis Mutual Fund schemes and their returns. So that you can pinpoint the one that perfectly aligns with your investment goals and timeframe, empowering you to locate the fund that best suits your needs.

Axis SIP Calculator With Top-up

An Axis Bank SIP calculator with top-up is also an online tool to assess the returns on your investment. Namely, SIP with top-up is a facility that allows you to increase your investment amount at regular intervals. This eventually causes you to boost returns and achieve your financial goals faster. To estimate the future value of your investment, with an option to increase the SIP amount periodically, you can use the Axis Bank SIP calculator with top-up. You can find such a calculator on the Axis Bank website. You may need to enter the initial amount, the top-up percentage, the top-up frequency, the investment duration, and the expected rate of return to see how much your money can grow over time. You can also alter the inputs to know how the outcome may change and take a decision accordingly.

Difference Between Axis Bank SIP & Lumpsum

Let’s examine the difference between Axis Bank SIP and lumpsum investment.

Pros of Using Urban Money’s Axis SIP Calculator

Some of the key benefits of using Urban Money’s Axis Bank SIP Calculator are:

• You can estimate the future price of your investments in a jiffy, eliminating the efforts of doing complicated calculations.
• It enables you to alter variables such as the SIP amount, duration, and rate of return to see how they impact your outcome or investment goal.
• It allows you to examine different mutual fund schemes and pick the one that suits your preference and risk appetite.
• It helps you set realistic and achievable targets for your savings and investments.
• It is easy to use, free of cost, and available online.