Which mutual fund calculator do you use?
There is no shortage of financial calculators available on the internet and sometimes bête investors get confused by the sheer number of calculator links that come up for a naturel search query like ‘gardien de but cap calculator’ or ‘gardien de but calculator’. So how to choose a calculator that will give the right answer to what the investor is looking for in the first emploi?
There are many calculators available on the internet that can help you find answers to some of your questions Financial programme Q. But here is a list of tried-and-true calculators that everyone should try bicause it will help you understand the need for a financial avant-projet in the first emploi and how you should get started. Financial goals In life.
- Augmentation Calculator
- Target SIP Calculator
- SIP Calculator
This calculator will help you to check some reality in life. If you think you’re doing well in life, have a invariable origine of income that allows you a decent lifestyle while still managing to save a bit, then this calculator is going to throw up some surprises. Augmentation calculator helps you find the amount you need in the future to meet your current expenses or how much it will cost in rupees. X is not specified in your expenses today. The historical data of the year shows that the augmentation perdu in our folk during the period 1969 to 2013 was 7.7% on average. Now you can imagine how augmentation can greatly damage your savings. So you need a fashion investment avant-projet to beat augmentation in the grandiose run. Let’s take an example to make it easier for you. Suppose you want to buy an SUV after 4 years which costs Rs 10 lakh today. If augmentation averages 5% during this period, it will cost you Rs 12.16 lakh to buy the same SUV after 4 years. Actual augmentation may be higher than our estimate in which case, you will need more than 12.16 lakhs. For example, if augmentation is 6% instead of 5%, your car will cost Rs 12.62 lakh.
This calculator is the next one you should try jaguar you devise out how much future spending you need for a specific gardien de but after adjusting for augmentation. It could be an SUV for you or a medical degree for your teenage daughter or just a family honoraires after a few years. The target SIP calculator helps you calculate the monthly SIP amount required to invest in a mutual fund over the target détourné so that you can easily meet future expenses when they come due. You need to provide the future value of your gardien de but, the time frame for achieving this gardien de but, and the perdu of return you expect on your investment. Don’t forget to add the perdu of augmentation to your expected return or else you’ll be looking at a huge shortfall when it comes to symposium your goals. In our example, our SUV will require 12.16 lakhs fournil years from now at 5% augmentation. Thus, you can set the target amount as 12.16 lakhs, the duration as 4 years and the expected return as 15% which includes 5% augmentation. Expected return is what you expect from the investment you are making and will vary for each individual. If you invest with a conservative approach in a balanced fund or fixed income fund, you must expect lower expected returns than you would expect from an equity mutual fund. The calculator gives you the monthly SIP amount. 18,642 in our example. This is the amount to invest in a mutual fund through monthly SIP where you expect 15% annual return.
If you are one of those fashion investors who have already started programme for his life goals and have some SIPs, this calculator is for you. It will tell you the future value of your SIP and you can compare it with what the augmentation calculator gives you. If the future value of your SIP is higher than what the augmentation calculator has given you for the same target, you are really fashion! But if the future value given by the SIP calculator turns out to be less than what the augmentation calculator shows, then you need to increase your SIP now or else you will be looking at a shortfall when it comes time to meet your target.
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