Best Axis Mutual Fund SIP Plans in 2023

Name	5 Year Return	Monthly SIP	Maturity Amount
Axis Bluechip Fund	10.70%	₹ 10,000	₹ 21,39,071
Axis Midcap Fund	14.70%	₹ 10,000	₹ 27,52,473
Axis Long Term Equity Fund	9.10%	₹ 10,000	₹ 19,60,879
Axis Small Cap Fund	18.80%	₹ 10,000	₹ 35,84,574
Axis Focused 25 Fund	7.90%	₹ 10,000	₹ 18,20,949

NOTE:

Returns from Axis SIP plans are just an estimation based on the fund’s past performance (5 year CAGR) and it doesn’t guarantee future returns. The actual returns are subject to fund and market performance.

What is an Axis Bank SIP Calculator?

Axis Bank SIP Calculator is an online tool that helps in estimating the returns from a SIP investment. It works on simple inputs like investment amount or target amount, expected rate of return, investment tenure, and step-up rate given by the user. gainn money’s Axis Bank SIP Calculator gives output in both graphical and tabular format. It clearly shows the investment amount, potential capital gains and estimated maturity amount.

The Axis Bank SIP Calculator works on the investment amount and target amount approach. The investment amount approach is the most used approach where the investors enter the amount they want to invest along with the tenure, expected rate of interest, and step-up percentage. On the other hand, the target amount approach estimates the current monthly investment based on the target and other inputs provided by the investor.

gainn money’s Axis Bank SIP calculator estimates the return in terms of maturity amount based on three different growth scenarios. The three different growth scenarios are above average, average, and below average.

The Axis Bank SIP Calculator only gives an estimate based on the inputs provided and doesn’t guarantee any returns. The performance of a mutual fund affects its return which can be higher or lower than the estimate provided by Axis Bank SIP Calculator.

Formula for Axis Bank SIP Calculator

The Axis Bank SIP Calculator uses the following formula to estimate the returns from a SIP investment.
M = P * ((1+i)^n)-1)/i) * (1+i)
Where,
M = maturity amount of the investment
P = Investment amount per month
i = rate of interest per annum divided by 12
n = tenure in number of months
Let’s understand this better with an example. If an investor invests INR 10,000 a month for ten years and expects 14% per annum. The expected maturity amount can be calculated as follows:
M = 10,000 * (1+1.17%)^120) – 1/1.17%) * (1+1.17%)
M = 26,20,913.83
Hence, for an investment of INR 12,00,000, the maturity amount is INR 26,20,913.83.

What is a SIP Calculator?

A SIP (Systematic Investment Plan) calculator is a valuable online tool that enables individuals to estimate the returns on their mutual fund investments made through SIP. As SIP investments in mutual funds have gained popularity, this calculator serves as a convenient means for millennials and other investors to gauge their potential returns.

Calculating the returns manually can be labor-intensive, especially considering the monthly contributions involved in SIPs. Each monthly contribution has a different holding period, leading to varying returns. However, with the help of a SIP calculator, you can effortlessly determine the future value of your investment after a certain number of years, based on an estimated rate of return.

Advantages of Using a SIP Calculator:

Immediate and Accurate Results: With the help of a SIP calculator, such as the gainn.money SIP Investment Calculator, you can obtain instant and precise results based on your inputs. There's no need to spend time manually crunching numbers or performing complex calculations. The calculator swiftly provides you with the future value of your investments, saving you valuable time and effort.

User-Friendly and Accessible: The SIP calculator is designed to be user-friendly, making it accessible to a wide range of investors. You don't need to possess advanced mathematical skills or financial expertise to estimate your investment requirements. The calculator simplifies the process, allowing you to input your investment details effortlessly. Moreover, it is available for free and can be used as many times as you need, empowering you to explore various investment scenarios and make well-informed decisions.

Empowers Informed Investment Decisions: Planning your investments is crucial, especially when you have specific financial goals in mind. The SIP calculator serves as a valuable tool that helps you estimate the required savings to reach your investment objectives with minimal hassle. By inputting different variables such as the investment amount, rate of return, and investment tenure, you can assess the impact of various scenarios and make informed decisions about your investment strategy. It provides you with a clear understanding of the investment journey required to achieve your financial goals.

Comprehensive Investment Options: The gainn.money SIP Calculator goes beyond merely providing potential future values and monthly investment amounts. It offers a comprehensive list of mutual funds and investment options that align with your investment goals. This feature enables you to explore and select the best investment options suited to your risk appetite, investment horizon, and financial objectives. By presenting you with a range of funds that have the potential to help you achieve your investment goals, the calculator assists you in diversifying your portfolio and maximizing your returns.

Inflation-Adjusted Results: Inflation is a critical factor to consider when estimating future investment returns. Many SIP calculators in India do not account for inflation, which can lead to inaccurate projections. However, the gainn.money SIP Calculator addresses this concern by providing the option to obtain inflation-adjusted results with just a click of a button. By factoring in inflation, you gain a more realistic understanding of the future value of your investments and can plan accordingly. This feature allows you to make informed decisions that consider the impact of inflation on your financial goals and helps you maintain the purchasing power of your investments over time.

Benefits of Gainn Money's SIP Calculator

Before making an investment decision, it is crucial to conduct research and analysis. Estimating potential returns is also essential to determine if an investment opportunity is profitable. Additionally, aligning the investor's financial objective with the investment objective of the asset is important to choose the right investment that facilitates goal realization.

Gainn Money's SIP Calculator offers several benefits:

Maturity Amount Estimation: The SIP calculator helps investors estimate their potential returns at the end of the investment duration. It also assists in determining the monthly investment amount required to achieve the desired end result.

User-Friendly Interface: Gainn Money's SIP calculator is designed to be easy to use and navigate. By entering the necessary details, investors can quickly estimate their returns. The calculator saves time by eliminating the need for complex calculations and provides instant calculations of the maturity amount and monthly investment.

Graphical and Tabular Representation: The calculator presents return estimates in both graphical and tabular formats. This visual representation allows investors to easily interpret the returns and make well-informed decisions.

Multiple Growth Scenarios: The SIP calculator provides return estimates based on three growth scenarios: above-average, average, and below-average returns. Potential investors can choose the scenario that aligns with their investment requirements, enabling them to make informed investment decisions.

Step-Up Option: Gainn Money's SIP calculator offers investors the opportunity to step up their investments annually. This means increasing the SIP amount over time, which can accelerate the achievement of financial goals. The details of the step-up feature are provided in a table format within the maturity amount estimation.

Informed Decision Making: By using the free online SIP calculator, investors can compare multiple return scenarios. This empowers them to make the right investment decisions that maximize their chances of earning significant returns.

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