What is SIP Mutual Fund Calculator?
A systematic investment plan enables an investor to invest regularly a fixed sum of money at regular intervals, like monthly, weekly or even daily, in a scheme of his/her choice. The money collected via systematic investment plan is in turn invested in equities or debt instruments by the fund manager depending upon the scheme mandate. SIP mutual fund helps us build long term wealth through the benefit of power of compounding and rupee cost averaging. Investing in SIPs is easy and convenient for investors as they can invest online with a few clicks and with the help of a single mandate, the chosen SIP amount is deducted per month/ or the frequency chosen from the investor’s bank account. You must have heard that SIP investing is for the long term which helps to reach financial goals. While there is no denying the above fact, the reality is that simply investing in mutual funds for long term via SIP may not help you achieve these goals. Then what will help you achieve your fut...