SBI Bank SIP (Systematic Investment Plan) Calculator Online
Calculate the future value of your SIP investment
Goal Amount
Expected Return (P.A)
Time Period
Summary
To achieve a goal amount of ₹15,00,000 in 10 year(s), and at 5% inflation, you would need to invest ₹9,20,869 at a 10% rate of return.
Summary
To achieve a goal amount of ₹15,00,000 in 10 year(s), and at 5% inflation, you would need to invest ₹9,20,869 at a 10% rate of return.
Total Investment Breakup
Lumpsum Investment
Interest Earned
Total Investment
| Year | Investment Amount (₹) |
Wealth Gained (₹) |
Expected Amount (₹) |
|---|
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SBI SIP Calculator
All you need to know about SBI Systematic Investment Plan Calculator (SIP)
The mutual fund industry in India has witnessed remarkable growth and transformation over the years. As of March 2023, the industry had over $40 trillion in assets under management (AUM). A number of factors are contributing to this growth, including rising incomes, increased awareness of mutual funds, and innovative products and services.
One of the initial tasks for a potential investor is to determine the expected returns from their investment. In this aspect, an SBI SIP calculator offered by the State Bank of India (SBI), has proven to be an invaluable asset for both novice and seasoned investors.
What is SBI Bank SIP Calculator?
The SBI SIP Calculator is a free online tool offered by the State Bank of India (SBI) that helps investors to calculate the potential returns on their SIP mutual fund schemes. Unlike lump sum investments, where the investor invests a significant amount at once, SIPs are more strategic and less risky. It is a simple tool that calculates potential returns, offers SBI SIP plans and helps investors to make informed decisions.
How to Use smallcase SBI SIP Calculator Online?
Imagine you’re using a tool to figure out how much your investments might grow over time. Well, for that tool to work its magic, it has to guess how much your investments will earn. Usually, in regular SIP calculators, one has to enter the amount. But with something like the SBI SIP Calculator, it’s a bit different. It uses the past performance of the investment scheme.
Let’s understand how smallcase SIP calculator SBI mutual fund works.
Step-1:
Select the fund of your choice, such as SBI Bluechip fund or SBI smallcap fund which can be calculated by SBI bluechip fund SIP calculator or the SBI small cap SIP calculator.
Step-2:
Enter the desired amount that you wish to invest every month.
Step-3:
Input the number of years or the time period for which you want to calculate the SBI SIP interest rate.
Formula for SBI SIP Calculator
smallcase uses a global standardization method to calculate SBI Bank SIP to determine the total returns you have incurred. The SBI Bank SIP formula is as follows:
Future value (FV) = P x {[(1 + r) n – 1] ÷ r} x (1 + r)
The variables in this SBI SIP calculator equation represent the following:
|
FV |
Future Value |
|
P |
SIP Amount |
|
i |
Compounded rate of return |
|
r |
Expected Rate on Return |
|
n |
Number of months |
Let’s take an example. Suppose an investor decides to make an SIP investment of ₹5000 for a year at a return rate of 12%
Amount invested = ₹60,000
Expected return rate amount = ₹64,047
Interest Earned = ₹3,237
Given below is a list of projected SIP rate of interest in SBI for various investment durations via SIP return calculator SBI.
|
Duration |
Amount Invested Monthly |
Maturity Value |
|
1 year |
5000 |
₹64,047 |
|
5 years |
5000 |
₹4,12,432 |
|
8 years |
5000 |
₹8,07,633 |
|
10 years |
5000 |
₹11,61,695 |
|
12 years |
5000 |
₹16,11,261 |
|
15 years |
5000 |
₹25,22,880 |
|
20 years |
5000 |
₹49,95,740 |
Therefore, by using the SBI SIP calculator, you can easily determine the SIP amount earned over years on an initial investment of ₹5000 at an annual interest rate of 12%.
Best SIP Plans Available with SBI Bank
The SBI Systematic Investment Plan, also known as SBI SIP investment, could be your go-to choice to invest in mutual funds. SBI Mutual Fund provides the best SBI SIP plans that allow you to set aside a fixed amount at regular intervals – you can pick weekly, monthly, or even quarterly contributions. It’s like a hassle-free way to gradually build up your investment without feeling a big pinch in your pocket all at once!
Here are some of the best SIPs for 5 years in SBI:
|
Name |
5 Year Return |
Monthly SIP |
Maturity Amount |
|
SBI Technology Opportunities Fund (G) |
19% |
₹10,000 |
₹10,05,058 |
|
SBI Contra Fund (G) |
18.8% |
₹10,000 |
₹9,99,283 |
|
SBI Small Cap Fund (G) |
18.6% |
₹10,000 |
₹9,93,548 |
|
SBI Infrastructure Fund (G) |
17.6% |
₹10,000 |
₹9,65,461 |
|
SBI Magnum Midcap Fund (G) |
17.5% |
₹10,000 |
₹9,62,706 |
|
SBI Healthcare Opportunities Fund (G) |
17.5% |
₹10,000 |
₹9,62,706 |
|
SBI Large & Midcap Fund (G) |
15.1% |
₹10,000 |
₹8,99,345 |
|
SBI Magnum Comma Fund (G) |
14.5% |
₹10,000 |
₹8,84,306 |
|
SBI Long Term Equity Fund (G) |
14.3% |
₹10,000 |
₹8,79,362 |
|
SBI Consumption Opportunities Fund (G) |
14.1% |
₹10,000 |
₹8,74,451 |
SBI Lumpsum Calculator on smallcase
The SBI Lumpsum Calculator on smallcase is a free online tool that helps investors to calculate the potential returns on their lumpsum investments in SBI mutual funds. The SBI lumpsum calculator takes into account the investor’s lumpsum investment amount, the duration of the investment, and the expected rate of return. With smallcase SBI SIP calculator & sip lumpsum calculator sbi, you can calculate returns according to your investment amount.
Here are some of the features of the SBI Lumpsum Calculator on smallcase:
- It is a simple and easy-to-use tool.
- It takes into account the investor’s risk appetite and investment goals.
- It provides a range of investment options, including equity funds, debt funds, and hybrid funds.
- It allows investors to track their investments and see how they are performing.
- It provides information on the taxation implications of lumpsum investments.
Benefits of Using SBI Bank SIP Calculator
You can harness the power of SBI SIP return rate by leveraging the below-mentioned benefits of smallcase SIP calculator SBI bank:
- Accurate Results: The SBI Bank SIP Calculator empowers you to make informed financial decisions so that you can get a clear picture of how your investments could potentially grow over time.
- It’s easy to use: Since you can use a smallcase SBI bank SIP calculator whenever you need, input the details to calculate the ROI easily.
- It’s FREE to use: Anyone can use the SBI SIP interest rate calculator and doesn’t have to pay a dime when it comes to calculating returns.
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Frequently Asked Questions
How to open a SIP account in SBI Bank?
Following the below-mentioned steps to open a SIP account in SBI Bank
1. Go to the SBI Mutual Fund website & Click on the “Invest Now” tab.
2. Select the “SIP” option.
3. Enter your PAN number and contact details.
4. Select the mutual fund scheme you want to invest in.
5. Enter the SIP amount and frequency.
6. Submit the application form.
How to invest in SBI Bank SIP?
An individual looking to begin a new SIP can do so by completing a fresh SIP enrollment form with their preferred duration. Alternatively, they have the option to initiate a new SIP through online channels or by using InvesTap.
How can SBI Bank SIP calculator help you
The SBI SIP Calculator is a free online tool offered by the State Bank of India (SBI) that helps investors to calculate the potential returns on their SIP mutual fund schemes.
Is SBI SIP calculator Safe?
Yes, investing in SBI Bank SIP is safe. Since it is regulated by AMFI, an association of SEBI registered AMCs, you can easily calculate your returns with SBI SIP calculator.
How are the SBI Bank SIP taxed?
The taxation of SBI Bank SIP depends on the type of mutual fund scheme you invest in. For example, in equity mutual funds for long-term capital gains (LTCG) the taxation is 17% while for short-term capital gains (STCG) the taxation is 15%.
Why should you invest in SBI Bank SIP scheme?
You should invest in SBI SIP plans for the following reasons: low investment amount, automatic investment, tax benefits, wide range of SIP schemes, good track record, and reliability.
Does State Bank SIP have a lock-in period?
Some of the best SBI SIP plans including SBI ELSS (Tax Saving Fund), SBI Mid-Cap Fund, SBI Small Cap Fund, SBI Focused Equity Fund & SBI Bluechip Fund have lock-in periods of 3 years.
When can I withdraw my SBI Bank SIP?
You can withdraw your SBI Bank SIP once the lock-in period of 3 years ends for the selected SBI SIP plans.
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