fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » Savings

Savings Calculator

Updated on September 14, 2019 , 77 views

What is wealth accumulation calculator?

To secure a more financially stable future, one needs to have financial discipline in his younger formative years. Wealth accumulation is one of the most satisfactory things that can be achieved with the money which a person has currently. Suppose, you are 30 now and you have 30 more years to invest towards your retirement. To accumulate wealth for retirement, you need to decide for how long you want to receive the annuities from the plan. Say, you want to receive an annuity of Rs. 50,000 for a period of 30 years – up to age 90 – (50,000*30), you need to calculate how much you must invest as a corpus at the rate of the current interest. This is where a wealth accumulation calculator can help you

Savings Calculator

Principal:
Tenure:
Months
Rate of Interest (ROI):
%

Investment Amount:₹400,000

Interest Earned:₹115,720.87

Maturity Amount: ₹515,720.87

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

Why should you have a financial plan in place

Other than a comprehensive Financial plan, there is no shortcut to secure a comfortable financial future. After working all these years, you deserve that comfort and peace of mind. You can spend your golden years travelling and catch up with your peers or enjoy a laid back life with your loved ones. financial planning is all about chasing your dreams (short or long term) without having to think about the money. Financial planning will prepare you for any emergency (that money can solve) and give you peace that even if something unfortunate happens to you, your family will not suffer.

Analyze your current situation: Do you have your insurances (medical, vehicle or Life Insurance) in place? Are you able to put aside a certain amount regularly after expenses? Do you have a plan B for emergency situations? What about outstanding loans and dues, if any? Answers to these can help you analyze this

Existing Debts: Nothing gives the financially conscientious a bigger nightmare than debts. With credit card companies, banks and NBFCs issuing unsecured loans to people from all income class, people rely a lot on instant loans to take care of their immediate needs. This has to change. Start by paying off a little more than required and close the debts at the earliest

Allocate Assets Wisely: When you choose assets to invest in, understand the purpose of the particular product. For instance, if you balance your equity investments with Debt fund or a safer financial tool like FD, it can spread the risks. Balancing is a key step to wealth accumulation

To build wealth or save tax: You must focus on a diversified investment portfolio that can do both – then only you can accumulate wealth. Do you know which tax slab you belong to and what are the legal options (including 80c deductions) you have to save tax? There are excellent opportunities like ELSS which will help you to build wealth and save tax at the same time

Top Funds for 2019

*Best funds based on 1 year performance.

1. DSP BlackRock World Gold Fund

"The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of MLIIF - WGF. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or units of money market/liquid schemes of DSP Merrill Lynch Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized."

DSP BlackRock World Gold Fund is a Equity - Global fund was launched on 14 Sep 07. It is a fund with High risk and has given a CAGR/Annualized return of 2.8% since its launch.  Ranked 11 in Global category.  Return for 2018 was -10.7% , 2017 was -4% and 2016 was 52.7% .

Below is the key information for DSP BlackRock World Gold Fund

DSP BlackRock World Gold Fund
Growth
Launch Date 14 Sep 07
NAV (13 Sep 19) ₹13.9525 ↓ -0.52   (-3.62 %)
Net Assets (Cr) ₹268 on 31 Jul 19
Category Equity - Global
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk High
Expense Ratio 1.83
Sharpe Ratio 0.76
Information Ratio -0.46
Alpha Ratio -4.38
Min Investment 1,000
Min SIP Investment 500
Exit Load 0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Aug 14₹10,000
31 Aug 15₹6,625
31 Aug 16₹11,516
31 Aug 17₹10,195
31 Aug 18₹8,149
31 Aug 19₹12,070

DSP BlackRock World Gold Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹331,978.
Net Profit of ₹31,978
Invest Now

Returns for DSP BlackRock World Gold Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 19

DurationReturns
1 Month -3.5%
3 Month 16.9%
6 Month 19.8%
1 Year 41.3%
3 Year -1.7%
5 Year 3.8%
10 Year
15 Year
Since launch 2.8%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -10.7%
2017 -4%
2016 52.7%
2015 -18.5%
2014 -3%
2013 -41.5%
2012 -5.8%
2011 -2.6%
2010 29%
2009 41.5%
Fund Manager information for DSP BlackRock World Gold Fund
NameSinceTenure
Jay Kothari1 Mar 136.25 Yr.

Data below for DSP BlackRock World Gold Fund as on 31 Jul 19

Equity Sector Allocation
SectorValue
Basic Materials94.01%
Industrials0.47%
Asset Allocation
Asset ClassValue
Cash3.47%
Equity95.28%
Other1.25%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
BGF World Gold I2
Investment Fund | -
97%₹320 Cr1,177,755
↑ 133,909
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
5%₹15 Cr
Net Receivables/Payables
Net Current Assets | -
2%-₹7 Cr

2. ICICI Prudential US Bluechip Equity Fund

The investment objective of ICICI Prudential US Bluechip Equity Fund is to provide long term capital appreciation to investors by primarily investing in equity and equity related securities (including ADRs/GDRs issued by Indian and foreign companies) of companies listed on New York Stock Exchange and/or NASDAQ. However, there can be no assurance that the investment objective of the Scheme will be realized.

ICICI Prudential US Bluechip Equity Fund is a Equity - Global fund was launched on 6 Jul 12. It is a fund with High risk and has given a CAGR/Annualized return of 16.1% since its launch.  Ranked 7 in Global category.  Return for 2018 was 5.2% , 2017 was 14.1% and 2016 was 11.6% .

Below is the key information for ICICI Prudential US Bluechip Equity Fund

ICICI Prudential US Bluechip Equity Fund
Growth
Launch Date 6 Jul 12
NAV (13 Sep 19) ₹29.24 ↓ -0.14   (-0.48 %)
Net Assets (Cr) ₹299 on 31 Jul 19
Category Equity - Global
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk High
Expense Ratio 2.31
Sharpe Ratio 0.3
Information Ratio -0.3
Alpha Ratio -0.14
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-3 Months (3%),3-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Aug 14₹10,000
31 Aug 15₹10,400
31 Aug 16₹11,513
31 Aug 17₹12,272
31 Aug 18₹15,851
31 Aug 19₹16,604

ICICI Prudential US Bluechip Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518
Invest Now

Returns for ICICI Prudential US Bluechip Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Sep 19

DurationReturns
1 Month 3.8%
3 Month 8.8%
6 Month 8.9%
1 Year 6.2%
3 Year 15%
5 Year 11.5%
10 Year
15 Year
Since launch 16.1%
Historical performance (Yearly) on absolute basis
YearReturns
2018 5.2%
2017 14.1%
2016 11.6%
2015 0.7%
2014 12.7%
2013 45.7%
2012
2011
2010
2009
Fund Manager information for ICICI Prudential US Bluechip Equity Fund
NameSinceTenure
Rohan Maru19 Sep 135.37 Yr.
Priyanka Khandelwal30 Jun 171.59 Yr.

Data below for ICICI Prudential US Bluechip Equity Fund as on 31 Jul 19

Equity Sector Allocation
SectorValue
Technology21.77%
Health Care14.26%
Industrials13.96%
Consumer Defensive13.86%
Consumer Cyclical13.63%
Financial Services11.24%
Utility2.5%
Communication Services1.97%
Energy1.83%
Asset Allocation
Asset ClassValue
Cash6.81%
Equity93.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Amazon.com Inc (Consumer Cyclical)
Equity, Since 30 Jun 16 | AMZN
5%₹14 Cr1,091
Net Current Assets
Net Current Assets | -
4%₹11 Cr
Kellogg Co (Consumer Defensive)
Equity, Since 31 Dec 18 | K
4%₹10 Cr26,185
↑ 3,530
Intel Corp (Technology)
Equity, Since 30 Sep 18 | INTC
3%₹10 Cr29,659
↑ 3,159
Philip Morris International Inc (Consumer Defensive)
Equity, Since 30 Jun 18 | PM
3%₹10 Cr17,768
↑ 1,664
Caterpillar Inc (Industrials)
Equity, Since 31 Dec 18 | CAT
3%₹9 Cr9,886
↑ 683
Microchip Technology Inc (Technology)
Equity, Since 31 Dec 17 | MCHP
3%₹9 Cr13,265
Salesforce.com Inc (Technology)
Equity, Since 31 Dec 18 | CRM
3%₹8 Cr7,536
↑ 1,123
Anheuser-Busch InBev SA/NV ADR (Consumer Defensive)
Equity, Since 30 Nov 18 | BUD
3%₹8 Cr11,513
Charles Schwab Corp (Financial Services)
Equity, Since 31 Dec 18 | SCHW
3%₹8 Cr26,680

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
How helpful was this page ?
POST A COMMENT