How much to invest via SIP to achieve your goals? | SIP Calculator & Child's Education Calculator

In the first part of this video, we explain everything you need to figure out how much you should be investing in order to achieve your financial goals. In the second part of this video, we explain how you can use our education calculator that will take in to account the effect of inflation to arrive at the amount you need to save every month to provide quality education for your child.

Link to Financial Goal Calculator : https://primeinvestor.in/calculators/...

Link to Education Calculator : https://primeinvestor.in/calculators/...

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Financial goal calculator

Key in your goal amount below, and the rate of return you expect from your portfolio over the term of your investment, and find out how much you need to be SIPping to get there.

Financial goals are the priorities and targets you set for how you want to save money for future. Financial goals are unique to each person, because everyone has different priorities. Financial goals can be those such as buying a house, buying a car, education for their children, or retirement planning and so on. When you are saving for the future, an aspect that always needs to be considered is inflation. Inflation means that an amount that is sufficient to meet a goal today – say the down payment for a home – will be very different from the amount in say five years. Inflation is the rise in prices and this reduces the buying power of money over the years.

This financial goal calculator will help you know what your goal amount should be. It takes into account the amount needed for a particular goal today, accounts for the inflation to tell you what your goal amount should be. The financial goal calculator also tells you how much you will need to save each month in order to reach that goal amount. The financial goal calculator helps you to keep the big picture in mind rather than getting bogged down with day-to-day.

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Education calculator

Education planning has become increasingly important over the years. The cost of education is rapidly rising, and at a pace that can be higher than overall inflation. There are far more opportunities in higher education now, not just within our own country but also in different countries. Saving up for your children’s education therefore has become crucial in order to fund college and post-graduation expenses comfortably.

This education calculator will help you know how much money you will require for your child’s education when your child reaches the age at which he/she enters college or needs a post-graduation degree. You will also be able to figure out how much money you will have to save and invest regularly in order to achieve this goal.

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0:00 - Introduction
0:46 - Financial Goal SIP Calculator
3:23 - Education Goal Calculator
4:55 - Which Mutual Fund to invest in via SIP

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About PrimeInvestor :

PrimeInvestor is a research solutions platform under SEBI. What that means is that we provide researched recommendations on financial products. You can see what we offer here : https://primeinvestor.in/what-is-prim...

We offer recommendations across Stocks, Mutual Funds, ETFs, deposits, and term insurance. Our full suite of solutions will help you handle your investments confidently. Essentially, this is a self-service model with no-commission, no kickback and no-ads."

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