How to use the Birla Sun Life Mutual Fund SIP Calculator?

How to use the Birla Sun Life Mutual Fund SIP Calculator?

Considering the trend nowadays, you must have heard individuals around you talking about mutual fund investment. If you’re wondering why? Then let me tell you that because of the awareness drives by the government to encourage people investing in Mutual funds, people have started to invest in mutual funds with an accelerated rate. There are several esteemed Asset Management Companies (AMCs) working in India that let you invest in various mutual fund schemes according to your risk appetite and financial goals.

Birla Mutual Fund house is one of the many of those AMCs that provide a range of great mutual fund schemes.

But before investing in any mutual fund schemes, it’s important to know what are your financial goals and according to that, what will be the suitable options for you? To make this task easy for you, you can use the Birla Sun Life Mutual fund SIP calculator through which you can know the right set of schemes according to your requirements. In this article, we will be telling you about how can you efficiently use the B ​ irla Sun Life Mutual Fund SIP​ calculator and also about the Biral Sun Life Mutual Fund NAV so that you can use it for your investment goals. So keep reading!

What are the details that you will need to use​ ​the Birla Sun Life Mutual Fund SIP Calculator?

first of all, it’s important to know about the SIP that you will be calculated through this amazing tool. SIP is known as Systematic Investment Planning. It’s a method of investment in which you invest a fixed amount for a fixed period at a definite interval. This interval can be monthly, yearly, daily, etc. You can start by investing as minimum as INR 500 through SIP.

So like any other calculator, you will need a few inputs so that it can give you the output. There are a few details that are most important. First of all, you need to fill the SIP amount that you’re going to invest in. Fill that amount at the required place. After that, choose the SIP frequency. The third and last thing that you will need to fill in the ​Birla Sun Life Mutual Fund​ SIP calculator is the number of years for SIP. You can choose whatever number of years you want. After filling all these details, click proceed.

As soon as you will click proceed, it will give you a number of schemes with their percentage of return. You can choose from them the one which aligns perfectly well with your investment goals.

What is the NAV of Birla Sun Life Mutual Fund?

NAV can be identified as the Net Asset Value of any fund. ​Birla Sun Life mutual fund NAV​ can be determined by subtracting the liabilities per unit fund from the assets per unit of the fund. Because of the name suggests, many people think that you can guess a fund’s performance by checking the NAV of a Birla Sun Life ​mutual fund​ but it’s no true. As alone NAV of any fund can not help you in estimating the performance of any mutual fund. There are many other important factors that also contribute to it. So if you also had this misconception, clear it out now. Always check all the other factors also to check the performance and then decide.