Introduction
Systematic investment plan, in short SIP is definitely the best investment technique if you have a little to invest, want low risk and want to earn returns regularly! So when we hear about SIP, the first thing that comes into our mind is that it’s just an investment plan like the others but there’s a lot to that.
What Is SIP?
Systematic Investment Plan (SIP) is a method of investing in mutual funds where you contribute a fixed amount regularly. It works by allowing you to invest smaller sums at regular intervals, harnessing the power of compounding and rupee cost averaging.
About SIP Calculator
Now to start doing SIP and to simplify your work , there is a technical tool which will help you to know the real potential of your investment in monetary terms! The tool which we are talking about is the Lump sum sip calculator! It Automatically analyses the previous performance and returns of that mutual fund in the market and gives the investor an idea or estimated return of their investment.
There are a lot of Lump sum sip calculator softwares available on the market but our recommended software is the step up sip calculator.
How will a step up sip calculator help you in your investment journey?
- Good planning- a Lump sum sip calculator helps you to pre plan and achieve the desired goals set by providing you many insights into how much you need to invest regularly and how much return you will get from it.
- Comparing- If you want to invest in multiple mutual funds, or have to select from the options of multiple investment schemes then using an Lump sum sip calculator is the best option. You can compare the returns before investing into them and select the best that matched your financial goals
- Discipline- Lump sum sip calculator encourages you to be in financial discipline by regularly saving some part of your earnings into SIP(systematic investment planning). The sip calculator can directly show you how exactly such small regular investments can grow into a bigger amount through the power of compounding.
How to use the step up SIP calculator:
- Search and get the access to the step up sip calculator through its website.
- The interface will come , then enter your investment amount , sip frequency, expected rate of return and investment period of time.
- Review the projections for your investment growth
- You can change the parameters if needed to tailor the results
- Set the financial goals bases of the provisions.
- And regularly monitor and adjust your strategy for the best results.
Conclusion
So, now we have learnt how beneficial it is doing investment in sips and using step up sip calculators. How easy and safe it is to invest your money and get impressive returns on your money! However you should always be alert about the market trends and news about the market as it can indirectly affect your investments! Moreover if you are a beginner in the market or just starting investing , firstly gain enough knowledge about the market then invest, people mostly lose their money because of lack of knowledge .
