Bank of India SIP (Systematic Investment Plan) Calculator Online
Calculate the future value of your SIP investment
Goal Amount
Expected Return (P.A)
Time Period
Summary
To achieve a goal amount of ₹15,00,000 in 10 year(s), and at 5% inflation, you would need to invest ₹9,20,869 at a 10% rate of return.
Summary
To achieve a goal amount of ₹15,00,000 in 10 year(s), and at 5% inflation, you would need to invest ₹9,20,869 at a 10% rate of return.
Total Investment Breakup
Lumpsum Investment
Interest Earned
Total Investment
| Year | Investment Amount (₹) |
Wealth Gained (₹) |
Expected Amount (₹) |
|---|
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Bank of India SIP Calculator
All you need to know about Bank of India SIP Calculator
A Systematic Investment Plan (SIP) is a disciplined approach to investing in mutual funds, allowing individuals to contribute a fixed amount regularly, typically monthly. The Bank of India SIP Calculator offered by smallcase is an excellent tool to help investors estimate their potential returns from SIPs under the BOI SIP plan.
What is the Bank of India SIP Calculator?
The Bank of India SIP Calculator is an online financial tool to help investors calculate the future value of their SIP investments. Using the Bank of India mutual fund calculator, you can estimate how your investments grow over time by entering key details such as the monthly investment amount, tenure, and expected returns.
Features of the Bank of India SIP Calculator
- User-Friendly Design: The SIP calculator BOI offers an intuitive interface, enabling easy inputs for a seamless user experience.
- Customisable Parameters: Investors can adjust variables like the SIP amount, tenure, and rate of return to analyse various BOI SIP plan outcomes.
- Quick and Accurate Results: The calculator instantly displays the invested amount, total returns, and future maturity value.
- Optimised for BOI Mutual Funds: Specifically designed to complement the offerings under the Bank of India mutual fund SIP calculator
Formula to Calculate SIP Returns on Bank of India Mutual Funds
The SIP calculator employs this formula:
A = P × ({([1 + r]^n) – 1} / r) × (1 + r)
Where:
- A is the future value of the SIP
- P is the monthly investment amount
- r is the monthly rate of return (annual rate divided by 12)
- n is the total number of SIP payments made
For instance, the Bank of India SIP Calculator can estimate how a Rs. 5,000 SIP grows over 5 years with an annual return of 12%.
Example Calculation Using the BOI SIP Calculator
Imagine investing Rs. 5,000 monthly for 5 years in a Bank of India mutual fund with an expected annual return of 12%:
- Monthly SIP: Rs. 5,000
- Tenure: 5 years
- Expected return: 12% annually
The Bank of India SIP return estimate will be approximately Rs. 4,12,432.
How to Use the SIP Calculator Bank of India
The smallcase Bank of India SIP Calculator helps investors estimate the potential returns from Bank of India mutual fund schemes. Here’s how to use this tool effectively:
Step 1: Select a Bank of India mutual fund to calculate your returns using the BOI SIP calculator.
Step 2: Adjust the BOI SIP interest rate (expected return rate) using the slider or input the value manually on the SIP calculator.
Step 3: Set your investment duration by moving the slider or entering the desired timeframe directly.
Step 4: Click the ‘Invest Now’ button to view the estimated returns and proceed with your SIP plan.
This easy-to-navigate Bank of India mutual fund calculator offers a seamless way to visualise how your investments in Bank of India mutual funds could grow over time.
Benefits of the BOI SIP Calculator
- Financial Planning: The Bank of India SIP rate details help plan investments by offering clear insights into potential returns.
- Efficient Decision-Making: Compare outcomes for different investment amounts and tenures using the Bank of India SIP interest rate inputs.
- Time-Saving: With the SIP calculator Bank of India, eliminate manual calculations and access quick, accurate estimates.
Top Bank of India Mutual Funds for SIP Investments
| Fund Name | Fund Size (cr.) | 3Y Returns (%) | 5Y Returns (%) |
| Bank of India Small Cap Fund | 1,537 | 26.57 | 39.99 |
| Bank of India Mfg & Infra Fund | 519 | 28.61 | 33 |
| Bank of India Mid & Small Cap Equity & Debt Fund | 1,010 | 20.74 | 28.26 |
| Bank of India ELSS Tax Saver | 1,436 | 21.61 | 27.54 |
| Bank of India Midcap Tax Fund-Sr 1 | 67 | 16.97 | 25.83 |
| Bank of India Midcap Tax Fund-Sr 2 | 36 | 17.06 | 24.13 |
| Bank of India Large & Mid Cap Equity Fund | 365 | 19.4 | 21.86 |
| Bank of India Conservative Hybrid Fund | 66 | 14.14 | 12.7 |
| Bank of India Balanced Advantage Fund | 135 | 15.51 | 12.47 |
| Bank of India Credit Risk Fund | 115 | 40 | 10.83 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
To Wrap Up...
The Bank of India SIP Calculator is an indispensable tool for those planning to invest in mutual funds under the BOI SIP plan. By providing clear insights into investment growth, the Bank of India mutual fund SIP calculator helps individuals make informed decisions and work towards achieving their financial goals.
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Frequently Asked Questions
What is a SIP, and how does it work with BOI?
A SIP is a method of regularly investing in mutual funds. The SIP calculator BOI helps determine the growth of such investments.
Is the Bank of India SIP Calculator free?
Yes, the Bank of India mutual fund calculator is available online free of cost for anyone to use.
Does the BOI SIP calculator guarantee returns?
No, the BOI SIP calculator provides estimates. Returns depend on the Bank of India SIP rate and market performance.
What is the minimum SIP investment under BOI?
The BOI SIP plan allows minimum investments starting from ₹500 per month, depending on the mutual fund scheme.
Are the Bank of India SIP interest rates fixed?
No, the Bank of India SIP interest rate varies depending on the mutual fund scheme and market trends.
Can I modify my SIP amount in the BOI SIP calculator?
Yes, the Bank of India mutual fund SIP calculator allows you to change parameters like investment amount and tenure for different scenarios.
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