Yes Bank SIP Calculator
Yes Bank SIP Calculator is a valuable online tool that helps investors plan their investments and estimate potential returns. Whether you are a beginner or an experienced investor, using the SIP (Systematic Investment Plan) calculator can assist you in making informed investment decisions.
- 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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Yes Bank SIP Calculator
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Let’s discuss the features and benefits of the Yes Bank SIP Calculator and provide a step-by-step guide on how to use it effectively.
What is Yes Bank SIP Calculator?
Yes Bank SIP Calculator is an online tool designed to help investors calculate the potential returns on their Yes Bank investments made through a SIP. It allows users to determine the maturity amount, total investment, and the wealth gained through 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
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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 Yes Bank SIP Calculator?
Using the Yes Bank 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 Yes Bank SIP Calculator 2024 Work?
Yes Bank SIP Calculator functions by utilizing the user-provided inputs to determine the potential returns on the investment. It employs a mathematical formula to calculate the compound interest earned on the Yes bank SIP investments, taking into account the investment amount, tenure, and expected rate of return.
How to Calculate Yes Bank SIP Returns 2024?Â
The Yes Bank 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
Samriddhi 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 Yes Bank SIP Calculator
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Accurate projections: The Yes Bank SIP Calculator provides accurate 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 your 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 the potential outcomes of various investment scenarios, saving you time and effort.
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Decision-making tool: The calculator acts as a decision-making tool, helping you evaluate different investment options and make informed choices based on projected returns.
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Goal planning: Yes Bank SIP Calculator aids in goal planning by giving you a clear idea of how much you can accumulate over a specific period, helping you set realistic financial goals.
Conclusion
The Yes Bank SIP Calculator is a powerful tool that empowers investors to plan their investments effectively. By utilizing this calculator, you can estimate the potential returns on your SIP investments, make informed decisions, and work towards achieving your financial goals. Take advantage of the Yes Bank SIP Calculator to make your investment journey more successful and rewarding.
FAQ's
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Is the Yes Bank SIP calculator accurate?
Yes, the Yes Bank SIP calculator provides accurate estimates based on the inputs provided by the user. However, please note that the calculated values are indicative and subject to market fluctuations. -
Does the Yes Bank SIP calculator consider the compounding effect?
Yes, the Yes Bank SIP calculator takes into account the compounding effect. It calculates the future value of your SIP investment by considering the compounding of returns over the investment period. This means that the returns generated in each period are reinvested, leading to potential exponential growth of your investment.
†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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