In any stage of financial planning, everyone strives to know how much earnings they would accumulate in the form of returns and save tax thereon. Especially, when it comes to Mutual Funds where mutual funds calculator will assist you in calculating your investments and assess the performance of your returns over a specified period of time. Let's take a look at how mutual fund calculators are helpful to you in various ways:
Mutual Fund Returns Calculator
Are your mutual funds giving you healthy returns? Know with the help of the Mutual Fund Returns Calculator which will lend you support in making you informed about the returns generated over a specified period of time. It also highlights you the returns and performance rank of the fund within its peer group for a selected time period. Moreover, you can use the mutual fund returns calculator for evaluating the performance returns of your scheme as under:
1. Enter the name of Mutual Fund
2. Enter the scheme name of the Mutual Fund
3. Enter the date of returns for the stipulated time period which you want to access with.
Mutual Fund Ranking Calculator
Check out the performance of overall mutual fund schemes with the help of a Mutual Fund ranking calculator. The schemes have their specified category for the chosen time intervals ranging from 7 days to 3 years and so on. The comprehensive picture will divulge you the returns and performance rank of the fund. An investor will ascertain their investments suitably as to which mutual fund scheme they would like to go for.
Mutual Fund SIP Return Calculator
SIP is a method of investing a fixed amount, continually, in a mutual fund scheme. SIP permits an investor to buy the units on a prescribed date every month so that one can estimate their saving plan for themselves. An investor doesn't need to time the market. By taking the help of SIP Calculator, one can even get to know that how small investments made at regular time intervals can garner better returns over a long time period.
By using Mutual Fund SIP Return Calculator, an investor can examine the returns accrued on their SIP investments in a specified fund till date. All you need to go through the steps by using the Mutual Fund SIP Return Calculator:
1. Choose the name of AMC you would like to invest.
2. Choose the scheme name of that particular AMC you would like to invest.
3. Enter your amount of investment in INR.
4. Enter your SIP frequency-Monthly or Quarterly.
5. Enter your SIP date from the beginning date of your investment till its maturity.
Tax Savings Calculator
Now you can save tax by investing in ELSS, NPS, and other 80C instruments. By using Tax Savings calculator, you can evaluate how much tax you can save on these instruments. Just go through the steps given below:
1. Enter the Total Amount for the year.
2. Enter the amount calculated(after adding both employer and employee contribution) in your Employee Provident Fund(EPF) account.
3. Enter the amount invested in your Public Provident Fund(PPF) account.
4. Enter the premium amount of your Life Insurance
5. Enter the returns fetched by your 5-Year Bank Fixed Deposit
6. Enter the repayment amount for your house loan (principal portion)
7. Enter the Tuition Fees which goes towards your child's education
8. Enter the amount for 'Any other Kind of Investment' being made(the sum total amount)
The moment you submit all the above details, the calculator will show you the results about the total deductions made under Section-80 C of the Income Tax Act, 1961 & your total income after deductions. The final result will also highlight the amount of savings which you can further invest in other financial instruments.
Lump Sum Calculator
Lump Sum Calculator is useful in instances where your lump-sum investment which you have made today help you to fetch the returns over a particular period of time at a specified rate of return.
Enter the amount in the lump sum calculator with time and an expected rate of return. See how the power of compounding works effectively for you. For example : An investment of ₹ 20 lakhs is to be made by an investor at expected returns 15% p.a. for the period of 20 years. After calculating the maturity value through the calculator, the result comes out to be ₹ 3,27,33,074.79.
Disclaimer- Mutual Funds are subject to market risks. Please read the scheme related documents carefully before investing.