To determine the Amount To Be Saved Each Month, follow the below mentioned steps:
In the ‘Set Your Target’ field, enter the Financial Goal amount that you wish to achieve or earn. By default, the target amount is Rs. 1,00,00,000. If you have a different target amount, kindly enter that figure in this field.
In the ‘No. of Years’ scale, drag the blue bar ‘Up’ and ‘Down’ to select the duration (number of years) for which you wish to make your investment.
In the ‘Expected Rate of Returns scale’, simply drag the blue bar ‘Up’ and ‘Down’ to select the rate of return that you wish to earn on your investment.
Then, Click on the ‘Submit’ button, to get the monthly amount that you need to save each month to achieve your Financial Goal.
Note: Kindly click on ‘Reset’ button, if you wish to re-calculate using different figures.