Reliance SIP calculator
The Reliance SIP Calculator is a useful online tool that helps investors in planning their investments and calcualtng potential returns. Whether you're new to investing or experienced, using the SIP (Systematic Investment Plan) calculator can help in making well-informed investment choices.
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- 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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Reliance SIP Calculator
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Let’s discuss the features and benefits of the Reliance SIP Calculator and provide a step-by-step guide on how to use it effectively.
What is the Reliance SIP Calculator?
The Reliance SIP Calculator is an online tool designed to help investors calculate the potential returns on their investments made through a SIP. It enables users to determine the maturity amount, total investment, and wealth gained from their SIP investments over a specific period.
- 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
|
|
| 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 the Reliance SIP Calculator?
Using the Reliance SIP Calculator is a simple and straightforward process. Follow these steps to maximize the benefits of this tool:
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Visit the official website of Policybazaar and navigate to the SIP Calculator page.
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Input the SIP tenure, which refers to the number of years you plan to invest.
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Enter the investment amount you intend 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 the Reliance SIP Calculator 2024 Work?
The Reliance SIP Calculator 2024 operates by utilizing the user-provided inputs to calculate the potential returns on the investment. It uses a mathematical formula to determine the compound interest earned on the SIP investments, considering the investment amount, tenure, and expected rate of return.
How to Calculate Yes Bank SIP Returns 2024?Â
The Reliance SIP Calculator employs the compound interest formula to calculate the returns. The formula used 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
Example
Kaneeka 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
Investment Amount: Rs. 6,00,000
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 the Reliance SIP Calculator
Here are some key benefits of using the Reliance SIP Calculator:
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Accurate projections: The Reliance SIP Calculator provides precise projections of the potential returns on your SIP investments, enabling you to make well-informed financial decisions.
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Customization: It allows you to customize inputs such as investment amount, tenure, and expected rate of return, providing personalized results tailored to your investment goals.
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Time-saving: By using the SIP Calculator, you can quickly assess potential outcomes of various investment scenarios, saving you time and effort.
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Decision-making tool: The calculator serves as a decision-making tool, assisting you in evaluating different investment options and making informed choices based on projected returns.
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Goal planning: The Reliance SIP Calculator helps with goal planning by giving you a clear idea of how much you can accumulate over a specific period, aiding in setting realistic financial goals.
Conclusion
The Reliance SIP Calculator is a powerful tool that empowers investors to plan their investments effectively. By using this calculator, you can estimate potential returns on your SIP investments, make informed decisions, and work towards achieving your financial goals. Take advantage of the Reliance SIP Calculator to make your investment journey more successful and rewarding.
FAQs
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How frequently should I use the Reliance SIP calculator?
It is advisable to use the Reliance SIP calculator whenever you want to evaluate or plan your SIP investments. You can use it to assess different scenarios, adjust parameters, and make informed decisions based on your financial goals and risk appetite. -
Is the Reliance SIP calculator available for free?
Yes, the Reliance SIP calculator is available free of charge. You can access it through Policybazaar's website.
†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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