The value of Assets under Management in the Indian Mutual Fund Market stands at INR 64.53 trillion in February 2025. This has doubled from the 2020 valuation of INR 27.23 trillion. Further, currently, over 23 crore portfolios are being managed by Mutual Fund companies.
This directly translates into an increase in awareness among the masses regarding investments in mutual funds. Further, it also speaks to how popular Mutual Fund Apps are among investors.
Why Opt for a Mutual Fund App When Investing?
Mutual Fund apps are designed to make investing easy and the financial market accessible to all investors. Thus, no matter your level of financial literacy, Mutual Fund apps take a guided approach.
By using a Mutual Fund App, you stand to gain the following benefits:
- Accessible financial advice and information.
- A convenient interface for investing.
- Easier investments with simplified transactions.
- Portfolio management and tracking.
- Lower brokerage costs.
- Ability for informed decision-making.
To build on these benefits, some Mutual Fund Apps are offering a built-in SIP Calculator. The goal is to help you streamline your financial planning by helping you visualise your financial goals.
How a SIP Calculator Useful in Mutual Fund Apps
A SIP Calculator lets you know how big your returns are going to be based on the investment amount, period, and interest you choose. All you need to do is enter the amount you wish to invest (P), the number of times you make a payment (n), and the expected rate of return (r).
By applying the formula, A = P × ({([1 + r]^n) – 1} / r) × (1 + r), the SIP calculator displays the amount (A) you stand to get.
Thus, a SIP calculator is useful for comparing multiple SIP options available on a Mutual Fund App. In turn, it helps evaluate which SIP suits your financial situation and goals better and enables you to plan your finances with more accuracy.
Must-have Features Mutual Fund Apps with SIP Calculators
To be an intuitive platform, all Mutual Fund Apps should offer the following:
●Simple yet detailed interface and settings
A must for all platforms, every aspect from the SIP calculator to the interface, should be easy to use. Further, it should offer a visual representation of how much your investment and the interest factors in, so investors can plan better. This makes a SIP Calculator an excellent tool for beginners.
●Room for realistic market assumptions and analysis
The future value or amount shown by a SIP calculator is an estimate of what you stand to gain against a particular rate of return. For better accuracy, this should account for inflation, fluctuations in the financial market, and other factors that affect an investment.
●Tools to track your financial goals
To give your financial planning a boost, the SIP calculator can take into account the final amount that you wish to receive and the period you wish to stay invested for. Using this, the SIP calculator can provide an estimated investment sum and the rate of return you have to choose.
By allowing you to visualise this, the Mutual Fund App can offer a list of the best investment options for you. Then you can peruse these and find one that serves your needs.
● A step-up option for people who want to grow their investments
An advanced version of the usual SIP calculator, this is meant for people who wish to increase their investment amount every year by a small percentage. This makes it an essential tool for people who wish to grow their financial portfolio without diversifying into multiple investments.
How Mutual Fund Apps and SIP Calculators Go Hand-in-Hand
With the analytics offered by SIP calculators, investors can identify which mutual fund plan will help them reach their financial goals on time. Further, SIP calculators can also motivate investors to follow a strict financial discipline since they help visualise the results.
Being available on a Mutual Fund App, investors use these to check the viability of potential investments at any time. Thus, any time a person wants to invest in SIPs, the SIP calculator is ready to provide an estimate of its potential.
This helps people make an informed decision with regards to their investments. Further, to a certain extent, it encourages investments and increases financial literacy among investors.
Choosing the Right Mutual Fund App
In the present economic scenario, mutual funds are one of the most effective ways to grow an investment. However, with multiple mutual fund apps available, selecting the right one is of the essence.
To do this, investors need to take the following steps:
- Understand their investment goals and the financial milestones they wish to reach.
- Choose an app that has easy-to-use features and interface.
- Check out the security features of the app since it deals in finances.
- Take a look at the investment options available.
- Understand the transaction and platform fees charged by the mutual fund app.
- Check if the app has an option to track the performance of the investment options available as well as your investments.
- Learn about the customer support provided by the app.
On top of these, the mutual fund app should be able to integrate with banking tools for easy transactions. Further, it should also be compatible with the device in use.
Wrapping Up
With an increase in financial awareness and literacy, more people are showing interest in mutual funds. For beginners, Mutual Fund apps provide a secure and easy-to-use interface that helps them get started with investing.
When a Mutual Fund App has a built-in SIP calculator, investors can understand the viability of their investments at the get-go. Thus, evaluate the mutual fund apps available and choose one that best suits your investment needs.
