The Lumpsum + SIP calculator tells you how much you need to save for your future goal taking into account both modes of savings.
You first need to enter the Goal Amount (amount you need to achieve your goal) followed by the lumpsum you may have saved towards achieving that goal, followed by the tenure of your goal, the estimated rate of return and the rate of inflation (usually between 5-8%).
The Calculator will tell you how much your lumpsum will grow to at the end of the tenure and if there is a shortfall to your Goal Amount then the same is expressed as a Monthly SIP, hence over and above the lumpsum saved you will know the exact amount and tenure of your SIP.
Disclaimer
This calculator is for illustrative purposes only and should not be construed as recommendation or suggestion from Epsilon Money.
At Epsilon, we believe that we should let you dream – leave the tension of how you will plan finance for those dreams to us. We are here to help you and guide you, every step of the way. By always doing the right thing. By gauging your risk profile, investment horizon and recommending products accordingly. By doing what is best for you to achieve your goals.
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