Total SIP Amount Invested:

Total Growth:

Total Future Value:

*assumes investments are made at the beginning of the month

*past performance may or may not be sustained in future and is not a guarantee of any future returns.

SIP Calculator

What is an SIP Calculator?

An SIP calculator is a useful online tool that will help you calculate your returns on your SIP investment based on projected rates of return and future evaluation of investment after a given period of time. There are many SIP mutual fund calculators available online that you can use for this purpose.

Using an SIP calculator online to determine your returns is always a good idea since it will help you decide on the right mutual fund investment while chalking out a strategy for achieving future financial goals as well. Do keep in mind, though, that an SIP calculator will only be able to estimate your returns. Actual returns depend on several factors, including market movements and fluctuations, tenure, fund performance, etc.

How do SIP Calculators essentially work?

The modus operandi of an SIP calculator is not hard to grasp. Primarily, it gives you an overview of how your investment will grow over a given period of the holding on a certain rate of return and contribution. With an online SIP calculator, you can also factor in the effects of inflation. An SIP return calculator basically works with the help of a simple formula. This is outlined below-

M = P × ({[1 + i]n – 1} / i) × (1 + i)

For the SIP mutual fund calculator, the key variables are the following in this formula-

  • M- The amount received by an investor at the time of maturity.
  • P- The amount that is invested at periodic intervals by the investor.
  • i- It is the rate of interest.
  • n-It is the total number of payments made by the investor.

You can use any basic example to understand the functioning of an SIP calculator online. Suppose you wish to invest Rs. 1,250 each month for a year (Rs. 15,000) with a periodic returns that stands at 8%. In this case, your monthly return rates will be 8%
The total return for a year at 8% will be Rs. 15,666 as a result.

How does a SIP Calculator benefit you?

There are many advantages of using an SIP calculator, as you will find out. Some of them are listed here for your perusal.

  • Helps you finalize your investment amount- By using the SIP calculator for various permutations and combinations, you can understand more about the amount you can invest to achieve a certain financial goal.
  • Get a clearer picture of your returns- While mutual fund investments are always subject to market risks and cannot be accurately figured out, your SIP return calculator will at least give you a basic idea of your returns. You can get results instantly upon using the same.
  • User-friendly calculation option- You do not have to crunch complicated formulas using an SIP calculator. All you need to do is enter some basic details to get the results online. This user-friendly nature of the calculator makes it accessible and useful for everyone. It is free of charge and can be used an unlimited number of times.
  • Aids you in making informed decisions - A SIP calculator helps you estimate and plan your investments in terms of how much you need to save towards your investment goals.

With the help of an online SIP calculator, you can make more informed decisions regarding your future investments. You can estimate the savings required to achieve specific objectives and allocate your investments accordingly. This is one of the biggest advantages of using these calculators online.

Frequently Asked Questions about SIP Calculator

What is the maximum time limit for an SIP?

The average tenure of a SIP is 5-10 years. However, you can keep renewing your SIP depending on the fund's performance, thereby extending its duration.

What is the maximum investment in an SIP?

There is no maximum investment limit for an SIP. The minimum investment amount is around Rs. 500 each month.

Can a SIP be renewed?

A SIP can be renewed at the end of its tenure. Your AMC may also send a reminder for the renewal of your plan. Depending on your investment tenure, you can decide on renewing the SIP accordingly.

Can a SIP amount be reduced?

Yes, an easy way to reduce the monthly SIP amount is by discontinuing all/a few of them and re-starting a new one with a lowered amount per your choice.

How do I cancel my SIP subscription?

There are 2 ways to cancel your SIP. If you have started your SIP online, the online cancel SIP option is available for any upcoming transactions. In case of an offline SIP, then you will have to visit the branch concerned or take the assistance of a relationship manager to initiate the SIP cancellation.

Is there a specific date we must choose to start a SIP?

Contrary to popular belief that the choice of SIP date matters a lot in terms of returns, it is hereby clarified that there is no right day or date to start a SIP. Still, the start of the month is a good time to start an SIP to coincide with those who receive a monthly salary. All that matters is a date of your choice and convenience when you would like to choose for auto debit from your bank account.

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