Calculate returns on your SIP investments.
Systematic Investment Plan (SIP)
A systematic investment plan (SIP) is an investment vehicle offered by mutual funds to investors, allowing them to invest small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly.
In SIPs, a fixed amount of money is debited by the investors in bank accounts periodically and invested in a specified mutual fund. The investor is allocated a number of units according to the current Net asset value. Every time a sum is invested, more units are added to the investors account.
The strategy claims to free the investors from speculating in volatile markets by dollar cost averaging. As the investor is getting more units when the price is low and fewer units when the price is high, in the long run, the average cost per unit is supposed to be lower.
SIP claims to encourage disciplined investment. SIPs are flexible; the investors may stop investing a plan anytime or may choose to increase or decrease the investment amount. SIP is usually recommended to retail investors who do not have the resources to pursue the active investment
Top Five Mutual Funds of 2019
|Fund Name||Return||Doubled In||Rs. 1L Grew to|
|Mirae Asset Emerging Bluechip Growth
EQUITY | LARGE & MID-CAP
|19.60%||3Yr 11Mn||₹ 2.45L|
|Axis Long Term Equity Growth
TAX SAVINGS | ELSS (TAX SAVINGS)
|14.37%||5Yr 2Mn||₹ 1.96L|
|ICICI Prudential Equity & Debt Fund Growth
BALANCED EQUITY | AGGRESSIVE ALLOCATION
|11.79%||6Yr 3Mn||₹ 1.75L|
|SBI Magnum Constant Maturity Fund Regular
DEBT | 10 YR GOVERNMENT BOND
|10.84%||6Yr 9Mn||₹ 1.67L|
|ICICI Prudential Asset Allocator Fund Growth
BALANCED DEBT | FUND OF FUNDS
|10.54%||6Yr 11Mn||₹ 1.65L|