Building wealth systematically is essential for a secure future. Hence, many opt for Mutual Funds. They are investment programmes that allow you to invest surplus funds strategically. Since professional fund managers operate them, they are considered the safest investment vehicles. A key aspect of any Mutual Fund Investment is returns. After all, you want your invested money to reap considerable profits.
But calculating them can be tricky, especially when done manually. This is when a Mutual Fund calculatorhelps you. It is a free online tool that computes the value and potential returns of your investment. It utilisesessential components like your investment strategy, tenure, investment amount, etc. Besides this, it lets you calculate various other costs that entail your investment’s processing fees.
Every Mutual Fund provider in India charges about 0.5% to 2.5% of your assets. Sometimes, they even ask you to pay sales charges over and above such fees. Calculating these costs is necessary for effective budgeting. A Mutual Fund calculator is a viable option for computing such values. Following are the benefits of using the tool for understanding other associated costs:
1. Offers convenience
Manually calculating the monetary aspects of your Mutual Fund is an arduous task. One minor error can ruin your entire calculation, forcing you to start over again. But with the calculator, you need not worry about these issues. Even if you make a mistake, it lets you compute values easily.
2. Let’s you compare
Comparing the associated fees offered by different providers is imperative. It not only assists you in picking a suitable scheme but also in securing the best investment. However, making comparisons is not that easy. You need to go back and forth to obtain the details of each scheme and then calculate them. Hence, most investors opt for the Mutual Fund calculator. It allows them to compare processing fees quickly and efficiently.
3. Saves time
Calculating the breakup of the charges takes a lot of time. It also tests your patience when done manually. An effective way to avoid such inconvenience is by using a calculator instead. Within no time, it provides the accurate value of the fees. It also helps you inspect their breakdown.
4. Free of cost
The best feature of the Mutual Fund calculator is that it is free of cost. You need not pay unnecessary charges to use it. This enables you to save considerably. It also lets you make well-informed decisions cost-effectively.Since banks and financial institutions provide it on their website, accessibility is not an issue either.
ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. – ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025, India, Tel No : 022 – 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purposes.
