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Savings Calculator

Updated on April 22, 2024 , 2142 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

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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 2024

*Best funds based on 1 year performance.

1. SBI PSU Fund

The objective of the scheme would be to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks of domestic Public Sector Undertakings and in debt and money market instruments issued by PSUs AND others.

SBI PSU Fund is a Equity - Sectoral fund was launched on 7 Jul 10. It is a fund with High risk and has given a CAGR/Annualized return of 8.4% since its launch.  Ranked 31 in Sectoral category.  Return for 2023 was 54% , 2022 was 29% and 2021 was 32.4% .

Below is the key information for SBI PSU Fund

SBI PSU Fund
Growth
Launch Date 7 Jul 10
NAV (24 Apr 24) ₹30.3912 ↑ 0.42   (1.39 %)
Net Assets (Cr) ₹1,876 on 31 Mar 24
Category Equity - Sectoral
AMC SBI Funds Management Private Limited
Rating
Risk High
Expense Ratio 2.52
Sharpe Ratio 2.62
Information Ratio -1.01
Alpha Ratio -9.05
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹7,245
31 Mar 21₹10,059
31 Mar 22₹12,594
31 Mar 23₹14,369
31 Mar 24₹26,864

SBI PSU Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833
Invest Now

Returns for SBI PSU Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Apr 24

DurationReturns
1 Month 9.6%
3 Month 16.9%
6 Month 60.3%
1 Year 94.3%
3 Year 43.3%
5 Year 24.3%
10 Year
15 Year
Since launch 8.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 54%
2022 29%
2021 32.4%
2020 -10%
2019 6%
2018 -23.8%
2017 21.9%
2016 16.2%
2015 -11.1%
2014 41.5%
Fund Manager information for SBI PSU Fund
NameSinceTenure
Richard D'souza1 Aug 149.67 Yr.

Data below for SBI PSU Fund as on 31 Mar 24

Equity Sector Allocation
SectorValue
Financial Services36.97%
Utility19.35%
Industrials12.44%
Energy12.3%
Basic Materials12.24%
Asset Allocation
Asset ClassValue
Cash6.7%
Equity93.3%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank of India (Financial Services)
Equity, Since 31 Jul 10 | SBIN
10%₹170 Cr2,277,500
NTPC Ltd (Utilities)
Equity, Since 31 Jul 10 | 532555
8%₹146 Cr4,343,244
↑ 1,500,000
Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Jul 10 | 532898
7%₹128 Cr4,535,554
↑ 1,200,000
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 31 May 20 | 500312
5%₹91 Cr3,455,000
Housing & Urban Development Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | 540530
5%₹83 Cr4,350,000
RITES Ltd Ordinary Shares (Industrials)
Equity, Since 31 Oct 22 | RITES
4%₹73 Cr930,000
↑ 235,000
Indian Oil Corp Ltd (Energy)
Equity, Since 31 Aug 15 | IOC
4%₹71 Cr4,281,804
↑ 3,000,000
Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 31 Jul 23 | 500103
4%₹68 Cr3,000,000
NHPC Ltd (Utilities)
Equity, Since 31 Jan 24 | NHPC
4%₹67 Cr7,600,000
↑ 4,100,000
Punjab National Bank (Financial Services)
Equity, Since 31 Dec 19 | 532461
4%₹66 Cr5,425,000

2. Invesco India PSU Equity Fund

To generate capital appreciation by investing in Equity and Equity Related Instruments of companies where the Central / State Government(s) has majority shareholding or management control or has powers to appoint majority of directors. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Invesco India PSU Equity Fund is a Equity - Sectoral fund was launched on 18 Nov 09. It is a fund with High risk and has given a CAGR/Annualized return of 12.9% since its launch.  Ranked 33 in Sectoral category.  Return for 2023 was 54.5% , 2022 was 20.5% and 2021 was 31.1% .

Below is the key information for Invesco India PSU Equity Fund

Invesco India PSU Equity Fund
Growth
Launch Date 18 Nov 09
NAV (24 Apr 24) ₹57.93 ↑ 0.75   (1.31 %)
Net Assets (Cr) ₹859 on 31 Mar 24
Category Equity - Sectoral
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk High
Expense Ratio 2.46
Sharpe Ratio 3.07
Information Ratio -1.18
Alpha Ratio -0.44
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Mar 19₹10,000
31 Mar 20₹8,584
31 Mar 21₹12,144
31 Mar 22₹14,910
31 Mar 23₹16,919
31 Mar 24₹31,021

Invesco India PSU 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 ₹598,181.
Net Profit of ₹298,181
Invest Now

Returns for Invesco India PSU 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 24 Apr 24

DurationReturns
1 Month 7.5%
3 Month 17.2%
6 Month 52.7%
1 Year 86.5%
3 Year 39.8%
5 Year 27.5%
10 Year
15 Year
Since launch 12.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 54.5%
2022 20.5%
2021 31.1%
2020 6.1%
2019 10.1%
2018 -16.9%
2017 24.3%
2016 17.9%
2015 2.5%
2014 54.5%
Fund Manager information for Invesco India PSU Equity Fund
NameSinceTenure
Dhimant Kothari19 May 203.87 Yr.

Data below for Invesco India PSU Equity Fund as on 31 Mar 24

Equity Sector Allocation
SectorValue
Utility27.18%
Industrials25.7%
Financial Services25.62%
Energy19.79%
Asset Allocation
Asset ClassValue
Cash1.71%
Equity98.29%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bharat Electronics Ltd (Industrials)
Equity, Since 31 Mar 17 | BEL
9%₹78 Cr3,801,222
↑ 62,232
NTPC Ltd (Utilities)
Equity, Since 31 May 19 | 532555
9%₹76 Cr2,254,157
↑ 16,754
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
9%₹73 Cr975,626
↓ -5,256
Coal India Ltd (Energy)
Equity, Since 31 Aug 23 | COALINDIA
8%₹67 Cr1,526,429
↓ -106,386
Power Grid Corp Of India Ltd (Utilities)
Equity, Since 28 Feb 22 | 532898
7%₹60 Cr2,126,667
↑ 477,183
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 18 | 500547
6%₹50 Cr833,087
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 May 22 | HAL
6%₹49 Cr157,644
NHPC Ltd (Utilities)
Equity, Since 31 Oct 22 | NHPC
6%₹48 Cr5,435,618
↑ 144,875
Bank of Baroda (Financial Services)
Equity, Since 30 Jun 21 | 532134
5%₹38 Cr1,431,527
Container Corporation of India Ltd (Industrials)
Equity, Since 31 Mar 17 | CONCOR
4%₹38 Cr386,333

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.
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