We all know that in stock trading, quantity is important and what’s more important than that is the right quantity. Many financial analysts also say that for investors, the correct sizes of stocks, the number of shares for stocks, or the security that you stay invested in is a lot more important than all the price levels where you exit a specific trade, especially when it comes to day trading. Either way, stock trading calculators are beneficial and there is a variety of options to choose from.
If you want to know which is best for you, keep reading this.
Mutual Funds Return Calculator
If you want a calculator that helps you find how much worth your mutual fund investment will have towards the end of a time period, this will be the perfect one for you. You can use this mutual fund calculator to determine how much you should actually invest in reaching a specific target amount towards the end of any specific period.
SIP Calculator
This kind of calculator will also help you estimate the returns you will get for a specific amount at a certain interest rate toward the end of a time period. You could also use this to understand and determine how much should be invested every month in order to reach target amounts towards the end of the specified period.
Future Value Calculator
One of the biggest factors that help you make the right investments in the future is the future value calculator. It helps you understand how much money will be good for you in the long run. Future value calculators are a good and effective tool for calculating values for any investment for future dates.
SWP Calculator
Having a systematic withdrawal plan will provide enough income to all your investors. You could either withdraw a variable amount or even a fixed amount on any specific date in every month, year, or quarter. Cash flows can also be customized to help you withdraw any specific amount for capital gains for investment.
ELSS Calculator
Another excellent calculator is called ELSS. This is also known as equity linked savings scheme. It is an open-ended fund that offers you benefits under section 80C. Once you invest in this, you will be able to save up some amount on a yearly basis in terms of taxes and long-term investment as well as savings. Apart from debt securities or equity, such funds can also invest in incomes that are fixed. Hence, having such investors will also help you gain some exposure to a portfolio that is ELSS by investing in this.
Brokerage Calculator
Many people use brokerage calculators because they help customers estimate as well as compare brokerages paid for by brokers. It will also calculate transaction fees, stamp duty charges, SEBI turnover fees, Securities Transaction Tax, GST, etc.
That was a look at the various kinds of stock trading calculators. Although we think each one has its own importance, it might not be useful for everyone at all the times. You can consult your investment advisor on how and when to use these calculators to get a good grip of it.