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A mutual fund is a trust that pools the money of participants who have similar financial objectives. The fund's corpus is subsequently put in investment options to satisfy the mutual fund scheme's stated investment goals. The income generated by these assets, as well as the capital gains obtained, are distributed to unitholders in proportion to the number of units possessed by them.

How do Mutual Funds work?

Mutual funds are plans in which an asset management company collects reserves from numerous individuals or institutional investors with the same financial objectives. They are one of the most popular investment options. In terms of how it works, the fund manager purchases securities such as stocks and bonds in accordance with the investing mandate.

Mutual fund investment plans are a fantastic choice for individuals who want to gain exposure to expert portfolio management. The investors will be assigned units of funds according to the amount of money they invest with the company. Profits and losses that are directly proportionate to the fund amount of an investor's investment may be experienced by each investor. The underlying assets determine a mutual fund's investing strategy and success. The major goal is for the fund management to deliver premium returns to investors by investing in the securities that they receive, as long as the securities are in line with the investment's objectives.

The net asset value, or NAV, of the mutual fund unit that is delivered to the mutual fund investor, has a price. It is the price at which investors can purchase or sell fund units, as long as the price is consistent with the mutual fund plan. A mutual fund's net asset value is determined by dividing the entire number of assets in the portfolio by the total number of liabilities. The principle of the net asset value is used to buy and sell mutual fund units (NAV).

Many individuals are perplexed by mutual funds and systematic investment plans (SIPs). SIPs, on the other hand, are one of two methods for investing in mutual funds, the other being a lump sum payment. A SIP investment calculator is a tool that helps you figure out how much money you'll make by investing in SIPs. SIP (Systematic Investment Plan) is a way of regularly investing a specified amount of money in mutual funds. SIPs can be used to make weekly, quarterly, or monthly investments.

What is a SIP Calculator, and how does it work?

A SIP calculator is a simple tool that allows people to estimate the returns on mutual fund contributions made through a systematic investment plan (SIP). SIP mutual fund investments have recently been one of the millennials' most preferred investment alternatives.

These mutual fund sip calculators are intended to provide new investors with a rough approximation of their mutual fund investment. The actual returns given by a mutual fund plan, on the other hand, vary based on a number of factors. The exit load and expenditure ratio are not explained in detail by the SIP calculator (if any).

This calculator will calculate your monthly SIP investment's wealth increase and projected returns. Indeed, based on a predicted yearly return rate, you may generate an approximate estimate of the maturity amount for any of your monthly SIPs.

What exactly is a SIP Calculator, and how does it function?

According to some mutual fund experts, SIPs are a more profitable way of investing funds than investing a lump sum amount. It assists you in being financially disciplined and developing a savings habit that will benefit you in the future.

With Muthoot Funds SIP calculator tool you can project the returns you will receive when the investment period has ended.

Advantages of SIP Calculator

Following are the advantages of SIP investment Calculation:

  • Assists you in determining how much money you wish to invest.
  • Tells you how much money you've put in so far.
  • Estimates the value of the returns.
  • Plan your investment based on the amount and length of time you want to keep it.
  • It enables you to estimate the entire value of your assets at the conclusion of your SIP period. Shows correct findings and saves time when compared to a manual calculation.

A systematic investment plan calculator guarantees that your savings portfolio is tailored to your specific goals and budget.

How to SIP Calculator works?

The following formula is used by a SIP plan calculator:
M = P × ({[1 + i]n – 1} / i) × (1 + i).
In the above formula:
M represents the amount you receive upon maturity.
P represents the amount you invest at regular intervals.
N represents the number of payments you have made.
I represents the periodic rate of interest.

Invest in a Bright Future with Muthoot Finance

Using the Muthoot Finance systematic investment plan calculator helps ensure that your savings portfolio is tailored to your needs. Invest in mutual funds with Muthoot Finance - our seasoned fund managers are focused on not just having the most well-balanced portfolio but ensuring that your mutual fund investments help meet your short as well as long term goals. Visit your nearest Muthoot Finance branch today to know more.

Gold Loan Schemes

MUTHOOT
ONE PERCENT LOAN

  • Small loans at low interest rates.
  • Loan Amount: ₹1,500 to ₹50,000

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MUTHOOT
PREMIER LOAN

  • Maximum loan value & reasonable interest rates.
  • Loan Amount: Starting at ₹1 Lac

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MUTHOOT
ULTIMATE LOAN (MUL)

  • Maximum loan value and discounts on timely interest payments.
  • Loan Amount: Starting at ₹1,500

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MUTHOOT
OVERDRAFT SCHEME (MOS)

  • Ideal for Business owners.
  • Loan Amount: ₹2 Lacs to ₹50 Lacs

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MUTHOOT
DELIGHT LOAN

  • Loans up to ₹2 Lacs with lower interest rates.
  • Loan Amount: Starting at ₹1,500

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MUTHOOT
EMI SCHEME (MES)

  • Designed for EMI payments.
  • Loan Amount: Starting at ₹20,000

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MUTHOOT
MAHILA LOAN

  • Special loan scheme for women that’s available at South India branches.
  • Loan Amount: ₹1,500 to ₹50,000

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MUTHOOT
ADVANTAGE LOAN

  • Competitive per gram and interest rates.
  • Loan Amount: ₹1,500 to ₹5 Lacs

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MUTHOOT
SUPER LOAN

  • Maximum loans and discounts on timely interest payments.
  • Loan Amount: ₹1,500 to ₹99,900

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MUTHOOT HIGH VALUE
LOAN PLUS (MHP)

  • Loans curated for the business community.
  • Loan Amount: Starting at ₹5 Lacs

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MUTHOOT
HIGH VALUE LOAN (MHL)

  • Loans which are ideal for longer periods.
  • Loan Amount: Starting at ₹3 Lacs

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SUPER
SAVER SCHEME (SSS)

  • A loan where savings are the first priority.
  • Loans Amount: Startng at ₹1.99 Lacs

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MUTHOOT BIG BUSINESS LOANS

  • Low rates of interest with maximum LTV
  • Tenure: 12 months

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  • GOLD LOAN SCHEMES

    Avail the best interest rates and quick loan disbursals with Muthoot Finance.

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    Begin your gold loan journey with Muthoot Finance today!


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Service Charges relating to Gold Loan

SL No. Type of Charges Corporate Rate of charges applicable
1 Service charges -Fresh loan- Rate applicable on loan amount (IPL)

Southern Branches

IPL (1%) ( For 12 months period only)
2 Service charges -Fresh loan- Rate applicable per account (ZIL/ZIP)

ALL

ZIL/ZIP-Rs.50/loan
3 Service charges -Fresh loan - Rate applicable per account (MBD/MBE)

Rest of India

MBD/MBE-Rs.2,500/loan
4 Security charges- Fresh loan

Rest of India

0.15% of loan amount- Minimum Rs.60/- and Maximum Rs.600/-
5 Token charges- (For schemes except given in Sl no.1, 2, 10 & 11)

Southern Branches

Loan up to Rs.10000/- -->Rs.10/- and Above Rs.10000/- -->Rs.20/-
6 SMS charges

ALL

Rs.5/per quarter at the time of closure or renewal
7 Notice Charges (Applicable for loans under all schemes) Southern Branches

Rest of India
3 ordinary notice Rs.30/each and 4th notice-Registered-Rs.100/-

3 ordinary notice Rs.30/each and 4th notice-Registered-Rs.100/- Auction Notice charges Rs.120/-
8 Token lost charges (Applicable for loans under all schemes)

ALL

Rs.25/-(in addition to cost of stamp paper applicable)
9 Stamp duty levied by State Governments

States🡪Karnataka , Andhra and Rajasthan

Actuals where ever applicable
10 GCS

Southern Branches

1.Rs.999/- per 6 months (in case the limit is not used over a period of 6 months)

2.If the transaction is through branches then Rs.99/- per transaction

11 GCL

Rest of India

1.Rs.999/- per 6 months (in case the limit is not used over a period of 6 months)

2.Part release charges of Rs.499/- per transaction

3.If the transaction is through branches then Rs.99/- per transaction

12 Loan @ Home charges

ALL

Upto Rs.500/- for loan @ home services
13 Loan @ Home charges

ALL

If loan amount Amount
>Rs.3 L to Rs.5 L Rs.25/-
>Rs.5 L to Rs.15 L Rs.40/-
>Rs.15 L to Rs.50 L Rs.50/-
>Rs.50 L Rs.75/-
14 Door to Door collection charges (Follow up for interest / loan recovery)

Southern Branches

Rs.150/- plus GST per customer for recovery made through customer follow up visit

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Ask an Expert

NORTH, EAST & WEST INDIA TOLL-FREE NO.:
1800 313 1212

SOUTH INDIA CALL CENTER NO.:
99469 01212

WRITE TO US:
mails@muthootgroup.com

BRANCH TIMINGS:
Mon-Sat, 9:30 AM to 6 PM

Refer a Friend*

Refer a friend & get a Chance to
Win Exciting Muthoot Finance Merchandise

refer now
*T&C apply

Ask an Expert

NORTH, EAST & WEST INDIA TOLL-FREE NO.:
1800 313 1212

SOUTH INDIA CALL CENTER NO.:
99469 01212

WRITE TO US:
mails@muthootgroup.com

BRANCH TIMINGS:
Mon-Sat, 9:30 AM to 6 PM

WHAT OUR CUSTOMERS HAVE TO SAY

FAQs

Any Indian citizen above the age of 18 years old can apply for a gold loan. A gold loan is an excellent option to meet short-term financial needs. The gold loan application process is extremely simple; you may apply online or visit the local Muthoot Finance branch.

A gold loan is a secured loan which a borrower takes from the lender in lieu of gold ornaments. You can apply for a gold loan online on the Muthoot Finance website, where you need to upload basic questions related to you and the gold that you need to acquire the loan on. After checking your eligibility, the team will contact you.

A gold loan is one of the quickest and easiest ways to obtain cash for personal needs, company needs, and so on. The gold loan process is easy, and the loan amount is determined by the purity of the gold. A gold loan, like any other form of loan, can be returned in monthly instalments over a certain period of time, backed by an interest rate. Your gold jewellery or goods are returned to you once the loan amount has been repaid.

The loan shall be disbursed on executing the necessary documents and completion of the formalities regarding creating a charge over the security offered by the borrower. You can apply for the acknowledgement letter for the gold loan, and the borrower shall be given notice of the same with full particulars about the remaining claims and the conditions under which the company is entitled to retain the securities till the relevant claim is settled or paid.

No, a co-applicant is not required in order to obtain the Muthoot Finance gold loan. In order to proceed with the registration, you must give all of the basic information for the gold loan as specified by the company's terms and conditions. This comprises declarations and commitments made by the borrower and confirmed by him, as well as any additional papers requested by the organisation.

At Muthoot Finance, Facility of Part payment and part-release of gold jewellery is also available. However, the release, whether partial or full, is available only after verification of signature, original KYC papers, and client copy of the original pawn ticket (Token) for gold loan. If the token is lost, an indemnification in the form of stamp paper of the appropriate value must be acquired prior to the release of the jewellery. If the client dies, the ornament will be handed to the legal heirs in accordance with the Company's policy for settling Deceased Loan accounts.

It usually varies between 0.25 – 1 percent of the loan amount.

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