How to use Franklin Templeton Mutual Fund SIP Calculator?
In our times, you must have noticed the fact that people around you are more interested in investing than the traditional methods of saving their hard-earned money. This fact should be credited to the various awareness campaigns about the benefits of investment by the government of India. People are becoming more and more aware about the wonders that a good investment can do if done correctly. Seeing the trend, there are several asset management companies that are providing the opportunities of investment in a range of mutual fund schemes. You can choose from them according to your investment goals and time horizon.
Franklin Templeton is one such Asset Management company that lets the investors to invest in many mutual fund schemes. But before investing in any of the mutual fund schemes, it’s important to know what investment amount would be suitable for you according to your investment goals and time horizon for you want to invest. For this purpose, you could need the Franklin Templeton Mutual Fund SIP Calculator to know the exact amount according to the goal you’re looking for. In this article, we will be telling you about the method to use it, benefits of investment through SIP and about the NAV of mutual funds. So, if you’re someone who is looking to invest in but confused about the amount, then this read would be perfect for you.
What is the SIP Calculator and what are the details to use it?
Before learning about the SIP calculator, know about the SIP first! Known as the Systematic Investment Planning, SIP is like an EMI, but kind of a good EMI as this amount is going to your pocket in the end. As you know that EMI is used for repayment of the credit that you’ve taken. While, through the SIP, you invest a fixed amount for a fixed period of time like in the recurring deposits. With the help of Franklin Templeton mutual fund, you can invest an amount of as minimum of INR 500.
Coming onto the Franklin Templeton Calculator, you would need to have a few details in order to calculate the SIP amount according to your needs. These details are the amount that you wanted to get, expected interest rate, and the period. Suppose that you wanted to get a return of INR 2,00,000 after a period of 10 years at a rate of return of 12% per annum. You will fill all these details into the calculator, and it will tell you the exact amount of INR 869.42 as the good EMI; the SIP amount that you will be need to invest every month.
If it doesn’t align with your investment goals and income capability, then you can again use the Franklin Templeton Mutual Fund SIP calculator with different values.
What are the Benefits of Investment through SIP?
As we have told you that SIP are a form of good EMIs. There are ample benefits of it that you can see in the below points.
Franklin Templeton is one such Asset Management company that lets the investors to invest in many mutual fund schemes. But before investing in any of the mutual fund schemes, it’s important to know what investment amount would be suitable for you according to your investment goals and time horizon for you want to invest. For this purpose, you could need the Franklin Templeton Mutual Fund SIP Calculator to know the exact amount according to the goal you’re looking for. In this article, we will be telling you about the method to use it, benefits of investment through SIP and about the NAV of mutual funds. So, if you’re someone who is looking to invest in but confused about the amount, then this read would be perfect for you.
What is the SIP Calculator and what are the details to use it?
Before learning about the SIP calculator, know about the SIP first! Known as the Systematic Investment Planning, SIP is like an EMI, but kind of a good EMI as this amount is going to your pocket in the end. As you know that EMI is used for repayment of the credit that you’ve taken. While, through the SIP, you invest a fixed amount for a fixed period of time like in the recurring deposits. With the help of Franklin Templeton mutual fund, you can invest an amount of as minimum of INR 500.
Coming onto the Franklin Templeton Calculator, you would need to have a few details in order to calculate the SIP amount according to your needs. These details are the amount that you wanted to get, expected interest rate, and the period. Suppose that you wanted to get a return of INR 2,00,000 after a period of 10 years at a rate of return of 12% per annum. You will fill all these details into the calculator, and it will tell you the exact amount of INR 869.42 as the good EMI; the SIP amount that you will be need to invest every month.
If it doesn’t align with your investment goals and income capability, then you can again use the Franklin Templeton Mutual Fund SIP calculator with different values.
What are the Benefits of Investment through SIP?
As we have told you that SIP are a form of good EMIs. There are ample benefits of it that you can see in the below points.
- With the SIP investment in any mutual fund, you will be able to use the power of compounding interest. By doing this, you will be able to give your money an amazing opportunity to grow in an unimaginable way.
- With the SIP, you will be able to overcome the risk of inflation which will make you earn a healthy return over a long period.
- SIP Investment helps you in cultivating a healthy habit of systematic and disciplined investment. This habit will only help you in achieving your investment goals with much more certainty.
- With the help of the rupee cost averaging, you would be able to receive more units when the Franklin Templeton mutual fund NAV is lower and vice versa when it is higher. You need to remember that the impact of rupee cost averaging only works in a higher SIP period.
- You will be able to invest at every market timing whether at low or high without any worry.
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