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Showing posts from October, 2023

Mutual Fund SIP suggestions for 2023

Here are some of the best SIP plans to consider for investment in 2023: Axis Long Term Equity Fund Canara Robeco Equity Tax Saver Fund Mirae Asset Tax Saver Fund Invesco India Tax Plan Fund DSP Tax Saver Fund Quant Tax Plan Bank of India Tax Advantage For a 1-year investment, some of the best SIP plans include: ICICI Prudential Short-Term Fund Baroda BNP Paribas Liquid Fund Sundaram Liquid Fund Mirae Asset Cash Management Fund For a 15-year investment, some of the best SIP plans include: Tata Digital India Fund ICICI Prudential Technology Fund Quant Infrastructure Fund Parag Parikh Flexi Cap Fund *Source: Internet search; Consult your financial adviser before investing, information provided here for educational purpose only.

import java.util.Scanner; public class SipCalculator { public static void main(String[] args) { // Create a scanner object to get user input Scanner sc = new Scanner(System.in); // Get the principal amount, interest rate, and number of years from the user System.out.println("Enter the monthly investment amount:"); double p = sc.nextDouble(); System.out.println("Enter the annual interest rate (in percentage):"); double r = sc.nextDouble(); System.out.println("Enter the number of years:"); int y = sc.nextInt(); // Close the scanner object sc.close(); // Calculate the monthly interest rate and the number of payments double i = r / 12 / 100; int n = y * 12; // Calculate the maturity value using the formula double m = p * (Math.pow(1 + i, n) - 1) / i * (1 + i); // Display the results System.out.println("The total amount invested is: " + p * n); System.out.println("The estimated return is: " + (m - p * n)); System.out.println("The maturity value is: " + m); } }