Benefits of a lump sum calculator
If you are already into investing then you would know what is a lumpsum investment. If you are not into investing or you do not know about what is a lumpsum investment then do not worry because today we are going to guide you on types of investments and lumpsum calculator. When you will decide to invest in mutual funds, you will be having 2 choices. First, you can go for a lumpsum investment and the second is a systematic investment plan. Both plans have different investing patterns and returns may also vary. In the first option I.e., lumpsum investment becomes useful when you have access to money and you want to invest it in one go. In such a case, you can go for this option. It will help you in growing your excess wealth. You won’t have to invest in installments. On the other hand, if you do not have excess funds but you still want to invest then you can make a cut from your earnings every month and you can invest your money through a SIP plan. In this option, you will be required to follow investing patterns. It can be on the basis of months, quarters, years, etc. You can choose the pattern as per the comfort of your pocket.
But when you invest through a lumpsum plan, you will be required to know in how much time, you will be able to earn the required return. But for this, you will have to do a complex calculation by following a few formulas. Let us tell you that now there is no more need to do manual calculations because 5paisa has brought you a lumpsum margin calculator that can help you in knowing your return in the given period of time, at a given rate of return. As soon as you will the required blanks, you will get the desired results.
Benefits of this calculator:
- Save your time: One of the major benefits that you will be having through this calculator is that it saves you time. Because when you do the calculations manually, apart from doing it, you also need to cross-check it. If you won’t cross-check then you would not know whether your calculation is correct or not. But in the case of a lumpsum calculator, there is no such need to cross-check. Because the answer given by the calculator will be correct unless you have filled in the wrong figures.
- Choose the best plan: With the help of this calculator, you will be able to choose the best plan. Let us tell you how it will happen. There will be different plans providing different returns in different periods. Based on the manual calculation, you may not be able to choose the best plan but using this calculator will bring you the accurate result. You will be able to do the comparison of returns in the terms of money as well as time.
This is how a lumpsum calculator will be helpful.