An SIP return calculator is one of the most helpful tools for an investor. It helps you quickly and accurately determine the amount of return that you’re likely to get from your SIP investments. In addition to that, the tool also gives you information on how much you would need to invest periodically to reach your target financial goal.
Yes. Most mutual funds allow you to either increase or decrease the amount of SIP investment that you make each month. However, before you invest in an asset via a mutual fund house, check the terms and conditions of the SIP.
Systematic Investment Plans can be categorised into the following types— regular SIPs, flexible SIPs, perpetual SIPs, step-up SIPs, trigger SIPs and multi SIPs.
Yes. You can choose to renew an SIP by placing a renewal request 30 days before the maturity. Many mutual fund houses even offer an auto renewal feature. When you enable this feature, your SIP is automatically renewed at the end of the original investment tenure.