This calculator is also known as mutual fund lumpsum calculator. If you are thinking of making lumpsum investment, then calculate the future value of wealth using lumpsum calculator. For instance, you are likely to invest Rs 1 lakh rupees for 60 years at 15%, then as per lumpsum calculator, your savings will be 48.3 Cr approx. after 60 years.
The Lumpsum mutual fund investment amount depends on the market inflations. The formula used by the lumpsum calculator is
Where
P The current value of the invested amount
A Denotes estimated return
n the number of times interest is compounded in a year
r is the estimated rate of return (in %)
t Duration of investment
For example : Planning to invest Rs 50,000 in a mutual fund for 7 years at 12 % rate of interest. The formula for the same will be
A = ₹50,000 {(1+00.12/1) ^7}
A = ₹50,000 x 2.2107
A = ₹1,10,535
The mutual fund lumpsum calculator is an automated tool that simplifies all the complicated Math. The major details required are: