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Goal Setting Calculator

A Goal Setting Calculator is a tool designed to help individuals or teams break down their goals into actionable steps, measure progress, and assess the feasibility of achieving their objectives within a specific time frame. Here's an overview of its typical features and benefits:

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What is the amount that you would like to spend on buying an item you dream - a big car or a foreign holiday or a house (Rs)
500
Afer how many years away would you need this amount?
1
The expected rate of inflation over the years (% per annum)
1
What rate of return would you expect from your investment (% per annum)
1
How much savings you have now? (Rs)
1
Rs. 2,16,09,712
Your targeted Dream Amount
(Inflation adjusted)
30 Years
Growth of your Savings Amount
(12% per annum)
Rs. 2,483
Final Targeted Amount
(Minus growth of your savings amount)
Rs. 2,483
Number of years to achieve your goal
Rs. 2,17,10,408
Monthly Savings required
Rs. 2,17,10,408
Total Amount Invested in 30 years
Rs. 2,17,10,408
Total Growth Amount
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FAQ

Frequently Asked Question

What is a mutual fund?
A mutual fund is a pooled investment vehicle that collects money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. It is managed by professional fund managers.
How do mutual funds work?
Investors buy units of a mutual fund, and their money is combined with others. The fund manager uses this pool to invest in various assets. Any gains or losses are distributed proportionally among the investors based on their units.
Are mutual funds safe?
Mutual funds are subject to market risks. However, the risk level varies depending on the type of fund. For example, equity funds are higher-risk, while debt funds are relatively safer.
Can I lose money in mutual funds?
Yes, mutual funds are linked to market performance, so there is a risk of loss. The extent of loss depends on the type of fund and market conditions.
What is the expense ratio?
The expense ratio is the annual fee charged by the mutual fund to manage your investments, expressed as a percentage of the fund's assets.