Which Calculators Do You Get With Mutual Fund Software For Distributors?

Published: 2024-06-28
Views: 98
Author: redvision
Published in: Finance

Imagine having a toolbox filled with helpful calculators, all designed to empower your clients and simplify their financial planning journey. That's exactly what you get with REDVision's Mutual fund software for distributors! These built-in calculators go beyond basic number crunching, offering valuable insights to guide your clients towards achieving their financial goals.

Let's explore some of the key calculators you'll find within our software and how they can benefit you and your clients:

Goal Planning Calculators:

SIP Calculator: This calculator helps clients understand how much they need to invest regularly (through Systematic Investment Plans or SIPs) to achieve a specific target amount.  Just enter the desired future value, investment horizon (number of years), and expected rate of return, and the calculator will show the required monthly SIP amount.

Lumpsum Calculator: This one works the other way around. If a client has a lump sum amount to invest, this calculator helps determine the potential future value based on the investment period and expected returns.

Retirement Planning Calculator: Planning for retirement is crucial. This calculator considers factors like current income, expenses, desired retirement age, and life expectancy to estimate the retirement corpus needed. It can also suggest suitable SIP amounts to reach that target corpus.

Other Goal Planning Calculators: Life is full of dreams – a dream vacation, a child's education, a new house, or even a fancy car! REDVision's software offers calculators for these specific goals as well.  These calculators' factor in inflation to give a more realistic picture of the amount needed in the future.

Financial Fitness Calculators:

Delay Cost Calculator: Procrastination is expensive, especially when it comes to investing. This calculator shows how much a client loses by delaying their investments. It highlights the power of starting early and the impact of compounding returns.

EMI Calculator: This helps clients understand the monthly installments (EMIs) they'll need to pay for a loan based on the loan amount, interest rate, and tenure. This empowers them to make informed borrowing decisions.

Income Tax Calculator: Taxes can be confusing! This calculator provides an estimate of the tax liability based on income and investments, allowing for better financial planning.

Additional Tools:

Life Insurance Calculator: This helps determine the right amount of life insurance coverage needed to secure your client's family's financial well-being in case of an unforeseen event.

SWP Calculator: A Systematic Withdrawal Plan (SWP) allows clients to withdraw a regular income from their investments. This calculator helps plan SWP amounts to ensure a steady income stream without depleting the principal amount too quickly.

Benefits of Using Calculators in Mutual Fund Software:

Client Engagement: These calculators become interactive tools during client meetings.  They can visually demonstrate the impact of different investment strategies, making financial planning more engaging and easier to understand.

Informed Decisions: By using these calculators, your clients can make well-informed investment decisions based on their specific goals and financial situation.

Credibility & Trust: These calculators showcase your expertise and establish you as a valuable financial advisor who can guide them towards achieving their financial goals.

Streamlined Process: The calculators automate calculations, saving you valuable time during consultations and allowing you to focus on personalized financial advice.

REDVision's fund tracking software equips you with these powerful calculators and a comprehensive suite of tools to streamline your workflow and empower your clients to take charge of their financial future.  Contact us today to learn more about how REDVision can help you become a financial planning powerhouse!