SIP Calculator
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Frequently Asked Questions
What is SIP?
SIP stands for Systematic Investment Plan. It is a method of investing a fixed sum regularly (e.g., every month) in a mutual fund scheme. It helps in rupee cost averaging and disciplined investing.
How is the return calculated?
The calculator uses the compound interest formula for monthly compounding:
Where P is the monthly amount, i is the monthly interest rate, and n is the total number of months.
FV = P × [((1 + i)^n - 1) / i] × (1 + i) Where P is the monthly amount, i is the monthly interest rate, and n is the total number of months.
Is the return rate guaranteed?
No, mutual fund investments are subject to market risks. The return rate you enter is an assumption (e.g., 12% is a common average for equity funds over the long term), but actual returns may vary.
Can I withdraw my money anytime?
Most open-ended mutual funds allow you to withdraw anytime. However, some funds (like ELSS) have a lock-in period of 3 years, and others might charge an exit load if withdrawn too early (usually within 1 year).