Canara Robeco SIP Calculator

While the Canara Robeco SIP calculator provides you with the SIP amount, you can also calculate the returns via manual calculation. For this, you will have to use the following formula. 

A = P*((1+i)^n)-1)/i)*(1+i)

Where,

‘A’ is the maturity amount of the SIP

‘P’ is the investment amount

‘i’ is the compounded rate of return (annual rate of return divided by 12)

‘n’ is the number of months or contributions

Here are the advantages that come with the Canara Robeco SIP calculator.

• Calculates the SIP Amount Needed

The most important benefit of this SIP calculator is that it provides you with the exact amount you need to invest monthly, based on the returns. This financial tool allows you to explore options that can deliver returns, and identify feasible SIP plans. 

This way, you can compare multiple scenarios and choose the right investment option that aligns with your financial goals and personal preferences.

• Convenient to Use

The Canara Robeco SIP calculator is an easy-to-use tool that helps you understand the returns you can get with SIPs. This saves your time and energy and eliminates the need for manual calculations. 

Hence, it reduces the chances of any errors that may happen when you manually calculate the returns. To instantly get the results, simply enter the investment amount, the rate of return, and the investment duration. 

• Helps Meet Financial Goals

Using the Canara Robeco SIP calculator also helps plan your investment efficiently. This allows you to meet your financial goals in a timely manner. You can use it to plan your short-term and long-term objectives. 

It also helps you understand when you need to start investing so that you can have the required funds at the right time. For instance, let’s say you want to save ₹4 Lakhs to purchase a vehicle in the next 2 years. Here, the calculator lets you know how much you need to invest monthly to get the required amount.

• Available Free of Cost

Another attractive benefit of the Canara Robeco SIP calculator is that this tool is available free of cost. You can use this tool as many times as you want without any restrictions or associated costs. 

Many financial institutions provide these calculators online on their official websites and apps for your convenience.

You can use Canara Robeco SIP calculator to simplify your calculations and make the right investment decisions. 

To access a wide range of mutual fund options, in one place, visit Bajaj Markets. Simply use the SIP calculator to choose the right investment from the available options.