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An SIP calculator helps you estimate the expected returns that you can accumulate over time. Many parameters, like absolute returns, trailing returns, rolling returns, etc., are to be considered while estimating the future returns of mutual funds, and manual calculations might be subject to errors. The algorithm of an SIP calculator takes into account all such possible parameters and predicts the estimated return as accurately as possible. This way, you can also compare the returns of different mutual funds to decide the best investment option.
A mutual fund return calculator calculates the rate of return on a mutual fund investment based on the changes in the fund’s NAV(Net Asset Value) over a specified period of time. The user inputs the initial investment amount, rate of return, and period of investment, and the calculator then estimates the overall return on the investment. The return can also be annualised to give the average return over a specified period of time, such as one year.
Please note that the SIP returns calculator is just an estimate tool; actual returns may vary, subject to market conditions.