SIP Calculator LIC

LIC Mutual Fund, an associate company of Life Insurance Corporation, is a reliable player in the asset management market. Established in 1989, LIC Mutual Fund has garnered high investor trust and loyalty for 30 years. Speaking of investing in mutual funds, mutual fund calculators play an important role in helping investors estimate the returns of their investments and plan their financial goals. The LIC Mutual Fund Calculator is designed to give an overview of an investment’s growth over time, considering certain factors such as the initial investment amount, duration of investment, expected rate of return, and any additional contributions. Further, it simplifies understanding of compounding and disciplined investment, making growth potential easy to imagine. Using the LIC SIP Interest Rate Calculator assists novice and experienced investors in making precise decisions regarding their investment strategies according to their financial goals and risk appetite.

How Can a LIC SIP Calculator Help You?

• LIC Mutual Fund SIP Calculator is a tool that helps investors determine various aspects of their investment through a systematic and disciplined approach. The total earnable amount is calculated based on the subscription amount, expected returns, and risk tolerance. Here are some ways it can help you:
• Future Value Estimation: Estimating the future value of investments indicates potential financial growth over a specific period. This is done by considering the monthly SIP amount, duration of the SIP and expected rate of return.
• Financial Planning: From the potential returns insights, you can efficiently plan your financial goals and adjust your investment time amount or duration to meet your objectives.
• Disciplined Investing: This calculator will show you the compounding effect on your investment, motivating you to approach the disciplined way of investment and stick to your SIP plan.
• Adjustment of Investments: This tool enables you to experiment with variables such as investment amount, tenure and expected return. By doing so, you can understand the impact of these factors on your outcome and help you plan your SIP contributions adjustment efficiently.
• Risk Assessment: Using this tool, you can adjust the return rate and get an insight into the varying rates of returns reflecting the risk level. This important step helps you asses your risk tolerance and choose the fund that aligns with your profile.
• Cost-Efficiency: Using the calculator gives an insight into the compounding power of long-term investments, encouraging regular investments to achieve substantial growth through SIP.

How Does the LIC Mutual Fund SIP Calculator Work?

The SIP Calculator offered by LIC Mutual Fund is a user-friendly tool that can assist you in estimating your financial goals by considering your input. These inputs include your monthly funding percentage, the number of years for which you plan to invest, and the desired interest rate. The calculations are performed in real time and produce different results based on the inputs provided. The results show the amount you have invested, the estimated returns, and the total income earned when your investment reaches maturity.

The LIC SIP calculator runs through a formula where inputs such as monthly contribution, duration and expected interest rate are entered to calculate the results.

The calculation formula is FV = P x ({[ 1+ i ] ^ n-1 } / i ) x (1+i), where ‘FV’ is the Amount receivable, ‘P’ is the principal amount you contribute, ‘i’ is the rate of interest, ‘n’ is the duration.

For instance, if you invest INR 2,000 per month for 12 months with an expectation of a 12% annual return rate, you receive INR 25,533.

LIC SIP Returns

Below are some of the return rates of some notable LIC mutual fund schemes:

Lumpsum Calculator of LIC Mutual Fund SIP Calculator

The LIC Lumpsum Calculator is a cutting-edge tool designed to help investors calculate the potential returns of their lump sum investments in mutual funds. The calculator provides personalized projections based on the investment amount, investment duration, and expected return rate. It enables investors to make informed decisions and plan their financial goals effectively.

SIP Calculator LIC with TopUp

SIP TopUp is a beneficial feature that enables investors to make additional contributions to their investments, accelerating their progress towards their investment goals. The LIC SIP Plan Calculator with TopUp is an advanced tool designed to help investors estimate the growth of their investments. By taking into account regular SIP contributions and additional top-up amounts, this tool provides valuable insights into the compounding of these contributions over time. With this information, investors can make more informed decisions and achieve their financial objectives more efficiently.

Difference Between LIC SIP & Lumpsum

The two investment methods- SIP and Lumpsum differ in terms of investment approach, market timing, risk and return potential, and their approach to compounding. Deciding which one to choose depends on the investor’s financial goal and risk tolerance. The following table demonstrates the difference between LIC SIP and lumpsum:

Pros of Using Urban Money’s SIP Calculator LIC

The following are the advantages of using Urban Money’s LIC SIP Calculator:

• It offers an easy-to-use interface for estimating potential returns by providing basic investment details.
• Option to create personalised projections by adjusting investment amount, SIP frequency, duration, and expected rate of return to suit investors’s specific needs.
• It provides insights into the growth of regular SIP contributions.
• SIP Calculator LIC offers an optimized investment strategy with the option to add top-up contributions in SIP calculation.