Axis SIP Calculator

Returns from Axis SIP plans are just an estimation based on the fund’s past performance (5 year CAGR) and it doesn’t guarantee future returns. The actual returns are subject to fund and market performance.

What is an Axis Bank SIP Calculator?

Axis Bank SIP Calculator is an online tool that helps in estimating the returns from a SIP investment. It works on simple inputs like investment amount or target amount, expected rate of return, investment tenure, and step-up rate given by the user. Scripbox’s Axis Bank SIP Calculator gives output in both graphical and tabular format. It clearly shows the investment amount, potential capital gains and estimated maturity amount.
The Axis Bank SIP Calculator works on the investment amount and target amount approach. The investment amount approach is the most used approach where the investors enter the amount they want to invest along with the tenure, expected rate of interest and step-up percentage. On the other hand, the target amount approach estimates the current monthly investment based on the target and other inputs provided by the investor.
Scripbox’s Axis Bank SIP calculator estimates the return in terms of maturity amount based on three different growth scenarios. The three different growth scenarios are above average, average, and below-average.
The Axis Bank SIP Calculator only gives an estimate based on the inputs provided and doesn’t guarantee any returns. The performance of a mutual fund affects its return which can be higher or lower than the estimate provided by Axis Bank SIP Calculator.

Formula for Axis Bank SIP Calculator

The Axis Bank SIP Calculator uses the following formula to estimate the returns from a SIP investment.
M = P * ((1+i)^n)-1)/i) * (1+i)
Where,
M = maturity amount of the investment
P = Investment amount per month
i = rate of interest per annum divided by 12
n = tenure in number of months
Let’s understand this better with an example. If an investor invests INR 10,000 a month for ten years and expects 14% per annum. The expected maturity amount can be calculated as follows:
M = 10,000 * (1+1.17%)^120) – 1/1.17%) * (1+1.17%)
M = 26,20,913.83
Hence, for an investment of INR 12,00,000, the maturity amount is INR 26,20,913.83.

How to use an Axis Bank SIP Calculator?

When it comes to investing, individuals like to know what their potential returns are. Scripbox’s Axis Bank SIP calculator helps in estimating potential returns from SIP investments. The Axis Bank calculator is available online, and one can use it for free. Scripbox’s Axis SIP calculator provides two approaches to estimating the wealth and maturity amount, i.e. ‘Investment Amount’ and ‘Target Amount’.

Investment Amount Approach

Investors who know how much they want to contribute monthly can estimate their Axis Bank SIP returns using the investment amount approach. To determine the Axis SIP maturity amount and wealth gained, one has to follow the below steps:

• Enter the monthly investment (SIP) amount
• Now, enter the expected growth rate
• Next, provide the investment duration in years
• Finally, set the desired step up percentage. Step Up refers to an annual percentage increase in the investment amount. Ideally, the step-up percentage should be equal to the individual’s annual salary or pay hike.

The SIP calculator will automatically estimate the potential gains at the end of the investment duration. Also, one can view the calculation of Axis SIP Maturity Amount either in a chart or table form. The investment graph provides a visualization of the Axis SIP maturity amount and the wealth gained during the investment tenure. In the tablet format, one can easily identify the Axis Bank SIP Step-Up value every year (indicated with a blue arrow).
Furthermore, the Scripbox Axis Bank SIP calculator estimates maturity amount based on three growth scenarios – above-average returns, average returns and below-average returns.

Target Amount Approach

Through the target amount approach, one can determine the SIP amount that they need to invest to meet their financial goals. However, to estimate the monthly investment amount, one must know how much money they want at the end of their investment period. One can calculate the monthly investment amount by following the below steps:

• Firstly, enter the expected target amount
• Now, enter the expected growth rate
• Next, provide the investment duration in years
• Finally, set the desired step up percentage. Step Up refers to an annual percentage increase in the investment amount. Ideally, the step-up percentage should be equal to the individual’s annual salary or pay hike.

The Axis Bank SIP calculator will automatically estimate the SIP target amount. In the calculation of the SIP target amount table, one can find the details of their Axis investments. Such as the number of years, investment amount, interest earned and maturity amount. Also, in the tablet format, one can easily identify the Axis Bank SIP Step-Up value every year (indicated with a blue arrow).
Furthermore, one must be aware that mutual fund investments are subject to market risks. Hence, one should be mindful of the risks and understand the Axis SIP calculator is just an estimate of the potential returns and doesn’t guarantee them.

How can an Axis Bank SIP Calculator help you?

The following are the benefits of the Axis Bank SIP calculator:

Estimate maturity amount

The Axis bank SIP calculator helps investors to estimate their potential returns at the end of the investment duration. Axis SIP calculator also helps in estimating the monthly investment amount if the investor knows how much they want to earn at the end of their investment tenure.

Easy to use

Scipbox’s Axis SIP calculator is quite easy to use and navigate. One has to enter the details such as monthly investment amount (SIP) or maturity amount, expected return, investment tenure and step up percentage to estimate their returns or monthly investment amount. Also, the Axis SIP calculator saves investor’s time from doing complex calculations. The Axis SIP calculator estimates the maturity amount and the monthly investment amount within seconds.

Graphical and Tabular Representation

The Axis SIP calculator shows the return estimates in both graphical and tabulated forms. Through these representations, potential investors can easily interpret, analyze and make informed investment decisions.

Maturity amount based on growth scenarios

The Axis SIP calculator estimated the returns based on three growth scenarios. The three growth scenarios are based on above average, average returns and below-average returns.

Step Up

The Scripbox Axis SIP calculator provides an opportunity for the investor to step-up their investments annually. Stepping up SIPs enables individuals to achieve their financial goals faster. Also, the step-up details can be found in the table format of the Axis SIP maturity amount estimation.

Informed Decision

Investors can compare multiple return scenarios using the free online Axis Bank SIP calculator and make the right investment decisions that will help them earn significant returns.

How is Axis Bank SIP returns calculated?

The Axis Bank SIP maturity amount can be calculated using the future value of the annuity formula.
M = P * ((1+i)^n)-1)/i) * (1+i)
Whereas the SIP return is calculated using the CAGR formula. Compound Annual Growth Rate is the rate at which an investment grows each year for the entire tenure of the investment. Following is the formula for CAGR:
CAGR = (ending value/beginning value) ^ (1/number of years or months) – 1*100
The ending and beginning values are the NAV or Net Asset Value of the fund at the beginning and ending of the investment.
Let’s take an example of an investor who invested in an Axis mutual fund when the NAV was INR 10. After seven years, the investor wants to withdraw the investment, and the NAV is INR 30.
CAGR = (((30/10) ^ (12/84)) – 1) * 100
CAGR = 16.99%
This means the investment has grown at 16.99% each year for seven years. If the investor has invested INR 10,000 a month for seven years, at the end of 7 years, the maturity amount for the investor would be INR 16,17,247.92
Total investment: INR 8,40,000
Maturity amount: INR 16,17,247.92

Frequently Asked Questions