Taurus SIP Calculator

Taurus SIP Calculator

Systematic Investment Plan (SIP) is one of the simplest methods of investing regularly in mutual funds without having to make a lump sum payment. You will have the advantage of rupee cost averaging and compounding of the money over a period of time by investing a fixed amount each month. But before starting a SIP, you may wish to calculate the future value of your investment.

Taurus SIP calculator is one of the popular online finance calculators that helps you estimate the value of your SIP investments in the future.

What is the Taurus SIP Calculator?

The Taurus SIP Calculator is designed to estimate the maturity value of your SIP investments in Taurus Mutual Fund schemes. Instead of performing complex manual calculations, you simply enter a few details, such as:

• Monthly SIP amount
• Expected annual rate of return
• Investment tenure

Based on these inputs, the calculator instantly displays:

• Total amount invested
• Estimated wealth gained
• Estimated maturity value

These estimates can help you plan your investments according to your financial objectives.

How does the Taurus SIP Calculator work?

The calculator uses the future value formula for SIP investments to estimate the corpus at the end of your investment period.

Formula:

FV = P × ({(1 + i)ⁿ − 1} ÷ i) × (1 + i)

Where:

• FV = Future value of the investment
• P = Monthly SIP amount
• i = Monthly expected rate of return (annual return ÷ 12)
• n = Total number of monthly investments

Since manual calculations can be time-consuming, the calculator performs them instantly and reduces the chances of calculation errors.

How to use the Taurus SIP Calculator

Using the calculator is simple:

1. Enter your monthly SIP investment amount.
2. Select your investment tenure.
3. Enter the expected annual rate of return.
4. View the estimated invested amount, expected returns, and total maturity value.

You can also modify the inputs to compare different investment scenarios before making a decision.

Benefits of using the Taurus SIP Calculator

Aids in financial planning

With the help of the calculator, you can find out how much investment will be needed for a particular financial objective.

Time-saving

It provides quick output without any need for complicated mathematics.

Facilitates investment comparison

You can compare different SIP amounts, tenure, and returns on investments to opt for the right one.

Makes budgeting easier

As you get to know about the amount that needs to be invested every month, you can plan accordingly.

Motivates investing

As you can see the power of investing regularly, the calculator encourages you to invest consistently.

Example of Taurus SIP calculation

Suppose you invest ₹5,000 every month for 10 years with an expected annual return of 12%.

• Monthly SIP: ₹5,000
• Investment period: 10 years
• Total investment: ₹6,00,000
• Estimated corpus: Calculated instantly using the SIP calculator based on the selected return assumptions.

The actual returns may vary depending on the performance of the mutual fund and market conditions.