Bajaj Allianz SIP Calculator
The Bajaj Allianz SIP Calculator is an online tool provided by Bajaj Allianz life insurance, specifically designed to helpinvestors in planning their investments and estimating potential returns through Systematic Investment Plans (SIPs).
- 4.8~ Rated
- 7.7 Crore Registered Consumer
- 50 Partners Insurance Partners
- 4.2 Crore Policies Sold
SIP Benefits
- Start SIP with as low as ₹1000
- No hidden charges
- Save upto ₹46,800 in Tax under section 80C^
- Zero LTCG Tax¶
- Disciplined & worry-free investing
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Bajaj Allianz SIP
- Bajaj Allianz SIP Calculator
Bajaj Allianz SIP Calculator
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Let’s discuss the features and benefits of the Bajaj Allianz SIP Calculator and provide a step-by-step guide on how to use it effectively.
What is Bajaj Allianz SIP Calculator?
The Bajaj Allianz SIP Calculator is a financial online calculator designed to help individuals plan their investments through Systematic Investment Plans (SIPs) and estimate the potential returns on their investments. By inputting relevant financial details, the calculator provides valuable insights into the growth of your investments over time, aiding you in achieving your financial goals.
- Insurance Companies
- Mutual Funds
| Returns | ||||
|---|---|---|---|---|
| Fund Name | 3 Years | 5 Years | 10 Years | |
| Virtue II PNB Metlife | 17.13% | 24.85% |
16.54%
View Plan
|
|
| Large Cap Equity Fund Tata AIA | 17.27% | 20.61% |
15.01%
View Plan
|
|
| Pure Equity Birla Sun Life | 16.12% | 20.92% |
14.98%
View Plan
|
|
| Grow Money Plus Fund Bharti AXA | 13.93% | 17.49% |
14.22%
View Plan
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| Pure Stock Fund Bajaj Allianz | 15.48% | 19.56% |
14.18%
View Plan
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|
| Diversified Equity Fund HDFC Standard | 13.59% | 16.57% |
13.95%
View Plan
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|
| Growth Super Fund Max Life | 14.33% | 16.21% |
12.81%
View Plan
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|
| Equity Fund SBI | 13.77% | 15.3% |
12.1%
View Plan
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|
| Bluechip Fund ICICI Prudential | 12.07% | 14.63% |
11.3%
View Plan
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|
| Equity Large Cap Fund Edelwiess Tokio | 11.75% | 14.25% |
11.15%
View Plan
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|
Updated as of Nov 2024
| Returns | ||||
|---|---|---|---|---|
| Fund Name | 3 Years | 5 Years | 10 Years | |
| Active Fund QUANT | 24.92% | 31.48% |
21.87%
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| Flexi Cap Fund PARAG PARIKH | 20.69% | 26.41% |
19.28%
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| Large and Mid-Cap Fund EDELWEISS | 22.34% | 24.29% |
17.94%
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| Equity Opportunities Fund KOTAK | 24.64% | 25.01% |
19.45%
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| Large and Midcap Fund MIRAE ASSET | 19.74% | 24.32% |
22.50%
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| Flexi Cap Fund PGIM INDIA | 14.75% | 23.39% |
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| Flexi Cap Fund DSP | 18.41% | 22.33% |
16.91%
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| Emerging Equities Fund CANARA ROBECO | 20.05% | 21.80% |
15.92%
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| Focused fund SUNDARAM | 18.27% | 18.22% |
16.55%
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Updated as of Nov 2024
How to Use Bajaj Allianz SIP Calculator?
Using the SIP Calculator is a simple and straightforward process. Follow these steps to make the most of this tool:
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Visit SIP Calculator.
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Input the SIP tenure, which refers to the number of years you intend to invest.
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Enter the investment amount you plan to make per SIP installment.
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Specify the expected rate of return on your investment.
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Finally, click on the "Calculate" button to generate the results.
How Does Bajaj Allianz SIP Calculator 2024 Work?
The Bajaj Allianz SIP Calculator for 2024 operates by utilizing specific financial inputs to estimate the potential growth and returns of investments made through Systematic Investment Plans (SIPs).Â
The Bajaj Allianz SIP Calculator uses a simple formula to determine how much extra money you can earn on your SIP investments. It considers important factors like how much you invest, how long you plan to keep your money invested, and the expected rate of return. By plugging in these details, the calculator gives you an estimate of the additional money you can make through compound interest.
People also read: Bajaj Allianz Small Cap Fund NFO
How to Calculate Bajaj Allianz SIP Returns 2024?Â
The Bajaj Allianz SIP Calculator uses the compound interest formula to determine the potential returns on investments. The specific formula used for these calculations is as follows:
FV = P x ({[ 1+ i ] ^ n-1 } / i ) x (1+i)
Here:
FV = Future Value (The amount to be received after maturity)
P = amount that the investor invests
i = The rate of interest periodically, that is, annual return rate percentage / 12
n = Total number of months
ExampleÂ
Vrinda invests Rs. 5,000 monthly at 14% through ELSS Fund SIP. If she selects the tenure of 10 years, then the returns will be:
FV = 5,000 x ({[ 1 + 0.14] ^ 120 – 1} / 0.14) x (1 + 0.14)
FV = Rs. 13,10,000
Total returns = Future Value – Invested Amount throughout the tenure
Total returns = Rs. 13,10,000 – Rs. 6,00,000
Total returns = Rs. 7,10,000
Benefits of Bajaj Allianz SIP Calculator
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Accurate Projection: By utilizing advanced mathematical algorithms and compound interest formulas, the calculator provides accurate projections of the potential returns on your investments. This helps you make informed decisions and set realistic financial goals.
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Customized Analysis: The calculator allows you to input various parameters such as investment amount, SIP frequency, tenure, and expected rate of return. This customization enables you to analyze different scenarios and tailor your investment strategy according to your specific needs and preferences.
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Time and Cost Efficiency: Instead of manually performing complex calculations, the Bajaj Allianz SIP Calculator automates the process, saving you time and effort. It eliminates the need for manual calculations and provides instant results, allowing you to make proper investment decisions.
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Goal Planning: The calculator aids in effective goal planning by estimating the maturity value of your investments. It helps you determine whether your investment plan aligns with your financial objectives, allowing you to make necessary adjustments or explore alternative strategies.
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Comparison and Decision-making: With the ability to experiment with different inputs, the calculator enables you to compare multiple investment options. This facilitates better decision-making as you can assess the potential returns and risks associated with each option, helping you choose the most suitable investment plan.
Conclusion
The Bajaj Allianz SIP Calculator proves to be a highly beneficial tool for investors looking to plan and optimize their investments. By leveraging the Bajaj Allianz SIP Calculator, investors can gain valuable insights and strategize their investments effectively, ultimately paving the way towards achieving their financial objectives.Â
FAQs
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Where can I access the Bajaj Allianz SIP Calculator?
You can access the Bajaj Allianz SIP Calculator on the official website of Policybazaar or through their dedicated online investment platforms. -
Can I customize the inputs in the calculator?
Yes, the Bajaj Allianz SIP Calculator allows you to customize inputs such as investment amount, SIP frequency, tenure, and expected rate of return. This customization helps you analyze different scenarios and tailor your investment strategy accordingly. -
Is the Bajaj Allianz SIP Calculator free to use?
Yes, the Bajaj Allianz SIP Calculator is provided as a free online tool for investors to utilize.
†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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