Plan your investments and loans with powerful calculation tools.
| Year | Invested (₹) | Returns (₹) | Total (₹) |
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Prospective investors can think that SIPs and mutual funds are the same. However, SIPs are merely a method of investing in mutual funds, the other method being a lump sum. A SIP calculator is a tool that helps you determine the returns you can avail when parking your funds in such investment tools. Systematic Investment Plan or SIP is a process of investing a fixed sum of money in mutual funds at regular intervals. SIPs usually allow you to invest weekly, quarterly, or monthly.
A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their mutual fund investments made through SIP. SIP investments in mutual funds have become one of the most popular investment options for millennials lately.
These mutual fund SIP calculators are designed to give potential investors an estimate on their mutual fund investments. However, the actual returns offered by a mutual fund scheme varies depending on various factors. The SIP calculator does not provide clarification for the exit load and expense ratio (if any).
This calculator will calculate the wealth gain and expected returns for your monthly SIP investment. Indeed, you get a rough estimate on the maturity amount for any of your monthly SIP, based on a projected annual return rate.
SIPs are a more lucrative mode of investing funds compared to a lump sum amount according to several mutual fund experts. It helps you become financially disciplined and create a habit of savings that can benefit you in the future.
A SIP calculator online is a beneficial tool, which shows the estimated returns you will earn after the investment tenure.
Few of the benefits of SIP calculators include:
A SIP plan calculator works on the following formula:
Take for example you want to invest ₹1,000 per month for 12 months at a periodic rate of interest of 12%. The monthly rate of return is calculated as:
You can use the SIP calculator within a few clicks. Just enter the monthly invested amount, the number of years for which you want to stay invested, and the expected rate of return. As soon as you input the value, the calculator will show you the estimated amount you can avail after your investment tenure is complete.
| Year / Month | EMI (₹) | Principal (₹) | Interest (₹) | Balance (₹) |
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CashKonnect's home loan calculator helps you calculate your Home Loan EMI with ease. It is useful in planning your cashflows for servicing your home loan.
Home Loan EMI Calculator assists in calculation of the loan installment i.e. EMI towards your home loan. It is an easy to use calculator and acts as a financial planning tool for a home buyer.
EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMI.
Formula for EMI Calculation is:
The rate of interest (R) on your loan is calculated per month:
If rate of interest is 7.2% p.a. then r = 7.2/12/100 = 0.006
All you need to do is input the following to arrive at your EMI:
Loan amortization is the process of reducing the debt with regular payments over the loan period. A home loan amortization schedule is a table giving the details of the repayment amount, principal and interest component.
CashKonnect's EMI calculator gives a clear understanding of the ratio of the principal amount to the interest due, based on the loan tenure and interest rates. The EMI calculator also provides an amortization table elucidating the repayment schedule with a complete break-up of the interest and principal amount.
SURF offers an option where the repayment schedule is linked to the expected growth in your income. You can avail a higher amount of loan and pay lower EMIs in the initial years. Subsequently, the repayment is accelerated proportionately with the assumed increase in your income.
FLIP offers a customized solution to suit your repayment capacity which is likely to alter during the term of the loan. The loan is structured in such a way that the EMI is higher during the initial years and subsequently decreases in proportion to the income.
If you purchase an under construction property you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying EMIs on the cumulative amounts disbursed.
This option provides you the flexibility to increase the EMIs every year in proportion to the increase in your income which will result in you repaying the loan much faster.
With this option you get a longer repayment tenure of up to 30 years. This means an enhanced loan amount eligibility and smaller EMIs.