What is a mutual fund lumpsum calculator?
What is a lumpsum calculator? A lumpsum calculator is an online tool that tells you how much money you can make over a period of time. It's a simple way to figure out the returns on lumpsum or one-time mutual fund investments including tax saving mutual funds. If you Google lumpsum calculator, you will get an online tool which has a formula box to input the investment amount, the investment period in years, and the estimated annual rate of return. Within seconds, the lumpsum calculator will show you the final accumulated amount. With help of the lumpsum calculator, you can find out the estimated returns on the investments in tax saving mutual funds or the future value of it based on the investment made today at certain assumed rate of returns. How does lumpsum calculator work? The lumpsum calculator is simple to use as you need to enter few necessary details and it calculates the returns and maturity amount. It helps you plan your investments better based on the ...