IDBI SIP Calculator
A subsidiary of Life Insurance Corporation, IDBI is one of the most efficient banks that offer multiple investment funds and schemes to its customers. Customers can opt for the SIP method or the lump sum investment method to invest in various funds through IDBI. With the IDBI SIP Calculator, an investor can easily and quickly calculate the expected returns receivable at the end of the tenure.
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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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SIP Investment
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SIP Calculator
- IDBI SIP Calculator
IDBI SIP Calculator
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What Is SIP and How to Invest in It?
SIP or Systematic Investment Plan is a type of investment option available under the Mutual Funds^^ category provided by various banks, mutual fund houses, and other financial institutions. Due to its increasing popularity, more and more investors, both beginners and experts, have started investing their money in SIPs. One of the main reasons for its growing credibility is the fact that a fixed amount is deposited in a SIP scheme of the investors’ choice at regular intervals for a pre-defined tenure, and if invested wisely, great returns are expected in the future.
SIPs are considered better than the Lump sum option when it comes to Mutual Funds because deposits in SIP are made at regular intervals without overburdening your pocket as is the case in the lump sum method. Some of the top reasons one should invest in a SIP are:
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It helps inculcate a habit of savings in an individual that brings discipline in their life
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Serves a dual purpose of investment and savings
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Investments as low as Rs. 500 can be made in some SIPs
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Eliminates financial burden during the financial crisis
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Helps create a decent financial corpus
One can invest their money in SIPs through any reliable portal of investment and easily start investing after the completion of KYC.
- 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
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| Large Cap Equity Fund Tata AIA | 17.27% | 20.61% |
15.01%
View Plan
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| Pure Equity Birla Sun Life | 16.12% | 20.92% |
14.98%
View Plan
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| 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
IDBI SIP Calculator
To make the life of an investor easy and stress-free, SIP calculators are created by their respective banks and financial institutions. SIP Calculator is a hassle-free financial tool that guides investors as to how much money they need to invest in a SIP to achieve their desired targets in the future. With the help of the IDBI SIP Calculator, an investor can get an approximate figure for returns of any complex financial calculation.
It is important to know that SIP Calculators calculate the maturity amount keeping the current financial market in mind and hence due to market volatility, actual returns might vary from the estimated figures at times.
How to Use IDBI SIP Calculator?
IDBI SIP Calculator is a financial tool that helps in the easy and hassle-free calculation of SIP returns with minimal complications involved. The following information needs to be entered into the IDBI SIP calculator to compute the maturity amount:
Step 1: The monthly amount that the investor wishes to invest
Step 2: Expected rate of return that the investor wishes to attain
Step 3: Total tenure the investor wishes to invest for
Step 4: The total invested amount, interest earned, and total maturity value will be computed in a fraction of seconds
The Formula for IDBI SIP Calculator
The formula for IDBI SIP Calculator is as follows:
FV = P x ({[ 1+ i] ^ n -1} / i) x (1+i)
Here is the elaboration:
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
Illustration
Mr. XYZ invests Rs. 1,000 every month in his DHFL SIP scheme for a tenure of 1 year at a 12% interest rate. His Future estimated maturity return value will be:
Future Value = 1,000 ({[1 + 0.01] ^ {12 – 1} / 0.01) x (1 + 0.01)
Future Value = Rs. 12,809 yearly (approximately)
Benefits of IDBI SIP Calculator
One can invest in mutual funds in 2 ways:
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Systematic Investment Plan or SIP
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Lump-sum
A SIP is considered a better investment option when compared to the lump sum method of investment in mutual funds because:
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It inculcates a habit of regular savings.
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One can deposit money at regular intervals without being overburdened to pay all the amount in one go.
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Pocket-friendly deposits can be made monthly keeping the availability in mind
IDBI (SIP) Systematic Investment Plan Calculator is a beneficial tool in the following ways:
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Accurate Estimations
Even though it is a known fact that the financial market is volatile in nature and keeps on fluctuating from time to time, returns calculated on the IDBI SIP calculator may vary from the actual returns. Still, IDBI Calculator provides close enough results that help the investor invest more confidently.
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Easy and Hassle-Free Use
It is very easy to use IDBI SIP Calculator. All an investor has to do is put in the basic details on the SIP calculator like monthly invested amount, expected rate of return, the tenure of investment, and maturity value will be calculated within a blink of an eye.
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Best for First-Time Investors
As the IDBI SIP Calculator is an easy-to-handle tool, hence it is considered one of the best financial tools for investment calculation. With minimum details required, IDBI SIP Calculator provides accurate results helping first-time investors invest freely.
FAQs
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Can I buy SIP online?
There are many trustworthy websites where you can sign up and start investing in SIPs in a hassle-free manner. It is advisable to research the market carefully before making any kind of investment. -
What is the minimum investment to make in SIP?
Minimum investment in SIPs varies from one scheme to another. One can start SIP investment with as low as Rs. 500 or even Rs. 100 in some schemes. -
Does SIP have a lock-in period?
Open-ended mutual funds do not come with a lock-in period. However, the lock in period depends completely on the mutual fund purchased. ELSS mutual funds come with a lock in period of 3 years. Other close-ended mutual funds also come with a lock in period. -
What happens if I miss an installment date of SIP?
Most of the SIPs are flexible in nature and no penalty is levied if an installment is missed. One can continue to pay the installments from the next payment date to keep the SIP active. -
Is SIP safe for investments?
Yes, SIP is one of the safest ways of investing in Mutual Funds. Unlike the lump sum method, investments via SIPs help in investing small amounts at regular intervals without over-burdening the investor. It helps in bringing a financial discipline into an investor’s life.
†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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