Tata AIA SIP Calculator
The Tata AIA SIP Calculator is a free online tool that helps you estimate the returns on your Systematic Investment Plan (SIP) investment in Tata AIA Life insurance company. It is a useful tool for anyone who is considering investing in SIP. It can help you to determine how much money you need to invest each month to reach your financial goals.
- 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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Tata AIA SIP Plan
- Tata AIA SIP Calculator
Tata AIA SIP Calculator
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Let’s discuss the features and benefits of the Tata AIA SIP Calculator and provide a step-by-step guide on how to use it effectively.
What is Tata AIA SIP Calculator?
The Tata AIA SIP Calculator is a powerful financial tool designed to assist investors in planning and analyzing their Systematic Investment Plans with Tata AIA Life Insurance. The calculator empowers individuals to make well-informed decisions by providing accurate projections of potential returns on their 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
|
|
| 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
|
|
| 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
|
|
| 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
|
|
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%
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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 Tata AIA SIP Calculator?
Using the Tata AIA SIP Calculator is simple and user-friendly. Follow these steps to harness the full potential of this tool:
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Visit the Tata AIA SIP Calculator.
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Provide the duration of your SIP, indicating the number of years you wish to invest.
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Input the amount you want to invest in each SIP installment.
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Specify the expected rate of return on your investment.
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Lastly, click the "Calculate" button to obtain the results.
You can adjust the investment amount, tenure, and expected returns to see how different parameters impact your investment growth.
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How Does Tata AIA SIP Calculator 2024 Work?
The Tata AIA SIP Calculator for the year 2024 is built on experienced algorithms that consider the latest market trends and historical data. It uses a precise and dynamic approach to calculate potential returns, ensuring that investors receive accurate projections based on the current economic landscape.
The calculator factors in the power of compounding, where the returns from previous periods are reinvested, leading to exponential growth over time. This mechanism enables investors to witness substantial growth in their SIP investments, helping them achieve their financial goals.
How to Calculate Tata AIA SIP Returns 2024?
The Tata AIA 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
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
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
What are the Benefits of Tata AIA SIP Calculator 2024 in India?
Here are the benefits of the SIP Calculator:
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Informed Decision-Making: The SIP calculator provides investors with valuable insights into the growth potential of their investments. This information enables them to make informed decisions about their financial planning and set realistic goals.
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Customization and Flexibility: Investors can experiment with various investment amounts, tenures, and expected returns to tailor their SIPs according to their financial capabilities and aspirations.
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Realistic Goal Setting: The calculator helps individuals set achievable financial goals by providing a clear picture of what they can expect from their SIP investments over time.
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Time-Saving: Rather than manually calculating numbers, the calculator swiftly computes projections, saving investors time and effort in their investment planning process.
Wrapping it up!Â
By leveraging this user-friendly tool, investors can begin their financial journey with confidence and work towards securing a prosperous future.
FAQs
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Are there any charges or fees to use the TATA AIA SIP Calculator?
No, the TATA AIA SIP Calculator is a free-to-use tool available on their website. There are no charges or fees for accessing and utilizing the calculator. -
Is the TATA AIA SIP Calculator accurate?
The TATA AIA SIP Calculator provides reasonably accurate estimates based on the data provided. -
Can I use the SIP Calculator on my mobile device?
Yes, most SIP calculators, including TATA AIA's, are designed to be mobile-responsive and can be accessed on smartphones and tablets.
†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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