Notice
Dear Investor,
Pursuant to SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2020/175 dated September 17, 2020 read with circular no. SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020, effective from February 1, 2021, the applicable NAV in respect of purchase of units of mutual fund scheme shall be subject to realization & availability of the funds in the bank account of mutual fund before the applicable cut off timings, irrespective of the amount of investment, under all mutual fund schemes.
1) To know more about payment modes available :
• Lump Sum Investments and their efficiency in the hierarchy of best to worst Click Here
• SIP Investments and their efficiency in the hierarchy of best to worst Click Here
2) Bank efficiencies in terms of providing credit to mutual funds on the same day before cut-off timings on which investors’ account is debited
i. NPCI (National Payments Corporation of India) Click Here
ii. Payment Aggregators (for e.g. Google Pay, Amazon Pay, PayTM)
We request Investors who have not submitted their PAN details and/or are Non KYC compliant to submit their PAN details & fulfill their KYC at the earliest. You may contact our [email protected] or call our toll free number 1800 - 209 - 3863 / 1800 - 22- 3863 for any queries or assistance.
Liquidity Window - Quantum Gold Fund (ETF): The Liquidity Window under Quantum Gold Fund is Open. Investors of Quantum Gold Fund can submit their redemption request upto Rs.25 Crores at the Official Point of Acceptance of the AMC. You may also redeem by sending the application via email from your registered Email Id to our Transact Id - [email protected].
SEBI’s Important Update on Folios without PAN / PEKRN: Click here for PAN / PEKRN related intimation.
Important Update on PAN & Aadhaar Seeding: As per Section 139AA of the Income Tax Act 1961, every person eligible to obtain an Aadhaar and has PAN must link their Aadhaar with their PAN by 30th June 2023 failing which the unlinked PAN shall become inoperative. Please visit https://www.incometax.gov.in/iec/foportal/ and click on ‘Link Aadhaar option’ under the ‘Quick Links’ section to link your PAN with Aadhaar.
Total SIP Amount Invested:
Total Growth:
Total Future Value:
*assumes investments are made at the beginning of the month
*past performance may or may not be sustained in future and is not a guarantee of any future returns.
SIPs (Systematic Investment Plans) are a popular avenue in the investment arena, and with good reason! We all know an SIP is a disciplined mode of investment where a fixed amount of money is invested in a pre-decided mutual fund scheme of your choice at a fixed interval. The best part is you get to decide the time in terms of the start of the SIP date, the amount, and the schemes you wish to invest in depending on your life goals.
According to reports released by the Association of Mutual Funds of India, the number of SIP accounts in mutual funds has touched the gargantuan figure of Rs. 6.12 crore as of December 2022. The mutual fund industry crossed five crore SIPs in Jan-22 and Jan-22 alone saw 26 lakhs new SIP accounts being opened per AMFI data. This figure stood at 5.27 crores in March-22. One can understand the growing popularity of SIP among small investors from this. Moreover, this sustained growth in popularity has also impacted the total amount invested in SIP; there has been a jump from ₹ 11,305 crores in Dec-21 to ₹ 13,306 crores in Dec-22. Therefore, all these trends indicate that SIP is the way to go if you are a small investor looking to be a part of the India Growth Story. But what are these SIPs?They are investment options for mutual funds, where customers can invest specific monthly amounts in specific mutual fund schemes.
These investments may be deployed at periodic intervals, i.e., monthly, quarterly, yearly, and so on. No lump sum investments are required, which automatically scales down risk levels for the investor. Disciplined and patient investing can help investors earn risk-adjusted returns. As the saying goes- slow and steady wins the race. The same applies to these systematic investment plans. Where does an SIP calculator come into the picture? This is a useful tool that you can use for working out your approximate and estimated future returns from the investment. Here’s learning more about the same.
An SIP calculator is a useful online tool that will help you calculate your returns on your SIP investment based on projected rates of return and future evaluation of investment after a given period of time. There are many SIP mutual fund calculators available online that you can use for this purpose.
Using an SIP calculator online to determine your returns is always a good idea since it will help you decide on the right mutual fund investment while chalking out a strategy for achieving future financial goals as well. Do keep in mind, though, that an SIP calculator will only be able to estimate your returns. Actual returns depend on several factors, including market movements and fluctuations, tenure, fund performance, etc.
The modus operandi of an SIP calculator is not hard to grasp. Primarily, it gives you an overview of how your investment will grow over a given period of the holding on a certain rate of return and contribution. With an online SIP calculator, you can also factor in the effects of inflation. An SIP return calculator basically works with the help of a simple formula. This is outlined below-
M = P × ({[1 + i]n – 1} / i) × (1 + i)
For the SIP mutual fund calculator, the key variables are the following in this formula-
You can use any basic example to understand the functioning of an SIP calculator online. Suppose you wish to invest Rs. 1,250 each month for a year (Rs. 15,000) with a periodic returns that stands at 8%. In this case, your monthly return rates will be 8%
The total return for a year at 8% will be Rs. 15,666 as a result.
There are many advantages of using an SIP calculator, as you will find out. Some of them are listed here for your perusal.
With the help of an online SIP calculator, you can make more informed decisions regarding your future investments. You can estimate the savings required to achieve specific objectives and allocate your investments accordingly. This is one of the biggest advantages of using these calculators online.
The average tenure of a SIP is 5-10 years. However, you can keep renewing your SIP depending on the fund's performance, thereby extending its duration.
There is no maximum investment limit for an SIP. The minimum investment amount is around Rs. 500 each month.
A SIP can be renewed at the end of its tenure. Your AMC may also send a reminder for the renewal of your plan. Depending on your investment tenure, you can decide on renewing the SIP accordingly.
Yes, an easy way to reduce the monthly SIP amount is by discontinuing all/a few of them and re-starting a new one with a lowered amount per your choice.
There are 2 ways to cancel your SIP. If you have started your SIP online, the online cancel SIP option is available for any upcoming transactions. In case of an offline SIP, then you will have to visit the branch concerned or take the assistance of a relationship manager to initiate the SIP cancellation.
Contrary to popular belief that the choice of SIP date matters a lot in terms of returns, it is hereby clarified that there is no right day or date to start a SIP. Still, the start of the month is a good time to start an SIP to coincide with those who receive a monthly salary. All that matters is a date of your choice and convenience when you would like to choose for auto debit from your bank account.
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I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this transaction is executed without any interaction or advice by the employee/relationship manager/sales person of the above distributor/sub broker or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor/sub broker.
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