SIP Investment Calculator
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Home
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SIP Investment in India for NRIs
- SIP Investment Calculator
The SIP Investment Calculator for NRIs in India is a useful financial tool designed to help Non-Resident Indians (NRIs) plan and optimize their investments in market-linked funds. This calculator allows NRIs to estimate potential returns from Systematic Investment Plans (SIPs), making it easier to make informed financial decisions.
- Insurance Companies
- Mutual Funds
| Returns | ||||
|---|---|---|---|---|
| Fund Name | 3 Years | 5 Years | 10 Years | |
| Virtue II PNB Metlife | 19.26% | 25.3% |
16.75%
View Plan
|
|
| Large Cap Equity Fund Tata AIA | 18.86% | 20.87% |
15.08%
View Plan
|
|
| Pure Equity Birla Sun Life | 16.98% | 20.88% |
14.98%
View Plan
|
|
| Grow Money Plus Fund Bharti AXA | 15.41% | 17.72% |
14.32%
View Plan
|
|
| Pure Stock Fund Bajaj Allianz | 17.14% | 19.72% |
14.28%
View Plan
|
|
| Diversified Equity Fund HDFC Standard | 14.96% | 16.76% |
14.08%
View Plan
|
|
| Growth Super Fund Max Life | 15.68% | 16.38% |
12.9%
View Plan
|
|
| Equity Fund SBI | 15.21% | 15.47% |
12.19%
View Plan
|
|
| Bluechip Fund ICICI Prudential | 13.45% | 14.83% |
11.39%
View Plan
|
|
| Equity Large Cap Fund Edelwiess Tokio | 13.01% | 14.4% |
11.24%
View Plan
|
|
Updated as of Nov 2024
| Returns | ||||
|---|---|---|---|---|
| Fund Name | 3 Years | 5 Years | 10 Years | |
| Active Fund QUANT | 24.92% | 31.48% |
21.87%
|
|
| Flexi Cap Fund PARAG PARIKH | 20.69% | 26.41% |
19.28%
|
|
| Large and Mid-Cap Fund EDELWEISS | 22.34% | 24.29% |
17.94%
|
|
| Equity Opportunities Fund KOTAK | 24.64% | 25.01% |
19.45%
|
|
| Large and Midcap Fund MIRAE ASSET | 19.74% | 24.32% |
22.50%
|
|
| Flexi Cap Fund PGIM INDIA | 14.75% | 23.39% |
-
|
|
| Flexi Cap Fund DSP | 18.41% | 22.33% |
16.91%
|
|
| Emerging Equities Fund CANARA ROBECO | 20.05% | 21.80% |
15.92%
|
|
| Focused fund SUNDARAM | 18.27% | 18.22% |
16.55%
|
|
Updated as of Nov 2024
What is a SIP Calculator in India?
A SIP Calculator in India, also known as Systematic Investment Plan Calculator, is a tool that helps Non-Resident Indians (NRIs) estimate the returns on their investments in market-linked funds through a Systematic Investment Plan (SIP).Â
By inserting the monthly investment amount, investment period, and expected rate of return, NRIs can see how their money will grow over time. This helps in planning and making informed investment decisions.
How Can an NRI Use an SIP Calculator?
For a Non-Resident Indian (NRI) to use a SIP calculator, the process is similar to that for resident Indians but with a few additional considerations regarding NRI-specific regulations and requirements. Here are the detailed steps:
Step 1: Go to the SIP Investment Calculator available on this page.
Step 2: Enter the required details in the SIP Investment Calculator:
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Monthly Investment Amount: The amount you plan to invest every month.
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Investment Period: The duration (in years) for which you plan to invest.
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Expected Rate of Return: An estimate of the annual return rate of the mutual fund.
Step 3: Click on the 'Calculate' button. The SIP investment calculator will provide the following information to the NRIs:
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Total Investment: The sum of all monthly investments.
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Estimated Returns: The profit earned from the investment based on the expected rate of return.
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Future Value: The total value of the investment at the end of the investment period (Total Investment + Estimated Returns).
IMPORTANT NOTE:
Use the calculator to compare different scenarios by varying the monthly investment amount, investment period, and expected rate of return. This will help you make an informed decision about the best SIP plan for you.
How Does a SIP Calculator for NRIs Work?
A Systematic Investment Plan Calculator (SIP Calculator) is particularly useful for Non-Resident Indians (NRIs) who want to invest in India but need clarity on how their investments might grow over time. You can understand its working below:Â
Calculation Process:
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Monthly Investment Growth: The SIP calculator applies the compound interest formula to each monthly investment, considering it grows at the expected rate of return.
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Compounding Frequency: Since returns are compounded, the calculator assumes the compounding happens on a monthly basis.
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Future Value Calculation: The calculator computes the future value (FV) of each monthly investment and sums these to get the total expected corpus at the end of the investment period.
Benefits of a SIP Calculator for NRI
Learn below how a SIP calculator is especially beneficial for NRIs:
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Easy Financial Planning: Helps in planning investments by estimating returns based on various scenarios.
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Time-Saving: Quickly calculates potential returns, saving time on manual computations.
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Customizable: Allows adjustments for different investment amounts, durations, and rates of return.
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Clear Goals: Aids in setting and achieving specific financial goals by providing a clear picture of investment outcomes.
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Informed Decisions: Provides data to make informed decisions about starting, stopping, or modifying SIPs.
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Future Planning: Assists in planning for future financial needs, such as education or retirement.
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Comparative Analysis: Enables comparison of various best SIP plans to choose the most suitable one.
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Accessible Anywhere: Online availability makes it easy to use from anywhere in the world.
What are the Benefits of SIP Investment in India for NRIs?
SIP (Systematic Investment Plan) investment in Indian mutual funds can be a great way for NRIs (Non-Resident Indians) to grow their wealth. Some of the key benefits are as follows:
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Disciplined Saving: SIPs automate regular saving by deducting a fixed amount at chosen intervals, fostering consistent investment behavior.
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Rupee Cost Averaging: Systematic Investment Plans leverage market fluctuations, buying more units when prices are low and fewer when high, potentially reducing the average cost per unit.
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Power of Compounding: These best investment plans reinvest returns, compounding earnings over time and accelerating wealth accumulation.
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Diversification: SIPs diversify investments across various assets, lowering risk by spreading exposure.
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Convenience: A Systematic Investment Plan offers easy investing with automated deductions, ensuring hassle-free contributions from anywhere.
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Flexibility: They allow customization of investment amount, frequency, and duration, adapting to individual financial goals and preferences.
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Tax Benefits: Certain SIPs, like Unit Linked Insurance Plans (ULIPs), provide tax advantages under Section 80C and Section 10(10D), enhancing overall returns.
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Potential for Higher Returns: SIPs in equity funds offer the potential for superior returns compared to traditional savings options like FD and RD.
FAQs
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What is an SIP Investment Calculator, and how does it help NRIs?
A SIP Investment Calculator is a tool that estimates the potential returns on your Systematic Investment Plan (SIP) contributions in India. As an NRI, it helps you plan your investments by showing how much your money can grow over time, considering the SIP amount, investment tenure, and expected rate of return. -
Where can NRIs find an SIP Investment Calculator?
You can use the shuPolicybazaar SIP calculator in India to estimate the maturity amount of your various investment options. -
What information do I need to use an SIP calculator for NRIs?
NRIs typically need to input:-
SIP investment amount: The amount you plan to invest regularly (monthly, quarterly, etc.)
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Investment tenure: The total period you intend to invest for (in years)
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Expected rate of return: This is an estimate of the annual growth you expect on your investment (past performance is not necessarily indicative of future results)
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Are there any special considerations for NRIs using SIP calculators?
Yes, NRIs should be aware of tax implications on their SIP investments. While the calculator itself might not account for taxes, it is important to factor them in for a more accurate picture. -
What are the benefits of using an SIP calculator for NRIs?
NRIs can use the SIP calculator to:-
Plan their long-term financial goals in India (retirement, child's education, etc.)
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Compare investment options based on potential returns
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Decide on a suitable SIP amount to fit their budget
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Is the estimated amount from the SIP calculator guaranteed?
No, the SIP calculator provides an estimate based on your inputs. Actual returns may vary depending on market fluctuations. -
Can NRIs invest in any SIP mutual fund scheme in India?
No, some SIP schemes may have restrictions for NRIs. It is crucial to check the scheme's eligibility criteria before investing. -
Do NRIs need a Demat account to invest in SIPs?
NRIs can invest in SIPs without a Demat account by opting for regular plans. However, for direct plans (potentially lower expense ratio), a Demat account held with a registered NRI depository participant is required.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved
insurance
plan.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^Section 80C allows annual deductions of up to ₹1.5 lacs from the taxable income. Section 10(10D) provides tax-free maturity benefits for investments of up to ₹2.5 Lacs/ year, on policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
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