Most of you visit Cafemutual for your daily dose of mutual fund news and inspiring advisor stories. Yet, many of you may not be aware that neatly tucked in a corner of the website under tab ‘AMC forms & tools’ are some cool financial tools which you may find useful.
Let us peek into this corner and understand how you can use these tools in your business.
The various financial utilities offered by the website are bifurcated under two tabs – 1. Fund Performance, Comparisons and NAV and 2. Financial Calculators and SIP Calculators:
1. Fund Performance, Comparisons and NAV
This tab contains scheme related financial information.
a) MF Performance
Lists the performance of different categories of funds on 6-month, 1-year and 3-year basis. By default schemes are sorted basis their 6-month performance. However, you can sort schemes basis their 1-year or 3-year performance by clicking on the respective column header.
b) Compare Funds
You can compare funds from multiple fund houses basis their 1-day, 1-month, 3-month, 6-month, 1-year, 3-yearperformance using this function.
c) Compare SIP Return
This is a SIP calculator. You can calculate the SIP returns of any fund where the SIP start date is on or after January 1, 2008.
d) Get NAV
This option displays the selected scheme’s NAV on or after January 1, 2009.
2. Financial Calculators and SIP Calculators
This tab contains personal finance calculators for helping your clients ascertain ‘how much to save’ based on their goals.
a) Power of compounding lumpsum
This calculator demonstrates the growth in investment due to the power of compounding over the long term. You can share this calculator with your clients so that they can understand three concepts:
- How compounding helps your investments grow
- Why the rate of return on investment matters
- How the impact of compounding multiplies as investment period increases
b) Power of compounding recurring/SIP
This calculator demonstrates how investing a small amount regularly will help your clients build a sizeable corpus over the long term.
c) Goal based calculator
This is a goal based investment tool. Through the tool, you can help clients understand the minimum amount that they need to save and invest regularly to achieve the target corpus of Rs. 1 crore.
