To define financial goals, one has to decide what needs to be taken up on priority and the first step towards it is deciding how much to invest and where to invest which would give you maximum returns. There are various priorities in one's life like accumulating capital for emergency fund or buying a car or house or children's education. Whatever the case might be, it is advisable to invest early and consistently to make sure your goals are met, and you have funds in time of need. So what is the best way out which can help you manage your finances in the right way? According to experts at ETMONEY, SIPs are one of the best investment options ever available in present time as it gives you the advantage of investing smaller sums according to your capabilities which steadily grow into large numbers with time.

Investment Amount in SIPs Depend from Person to Person:

When we talk about what is the right amount to invest in SIPs, we are almost blank in our minds as there's no fixed formula to decide the right SIP amount. One of the major reasons is that every individual’s financial goals are different, including their earning capabilities. So, there are no set rules when wanting to invest in SIPs according to industry experts.

Analyzing Your Financial Goals is Very Important:

A goal-based investment approach is one of the major reasons for succeeding in your journey. Before deciding on investing in SIPs one needs to analyze their goals and be clear about their investments which would yield maximum benefits and then proceed with the SIP amount accordingly. Goals can be classified into short, medium and long term and the amounts can be bifurcated as per the goals.

Which is the Best Way to Calculate SIP Returns?

There are many tools available in the market which help you find the right SIP amount, but amongst all we found ETMONEY's SIP Calculator Tool to be the best as it gives the exact projected amount of returns on your SIP investments. It is one of the best SIP Calculator in India owing to its ease of use. So, if you want to know the exact figures your investments would yield after consistently investing in SIPs.