SIP Calculator
What is SIP?
It is an automatic investment mode, where investors invest a specific sum of money at regular intervals. This mode is chosen in volatile market conditions to make use of rupee cost averaging. SIP allows us to invest monthly in various schemes starting as low as Rs. 1000
What is a SIP Calculator?
A SIP calculator is a simple tool that allows investors to get an idea about the returns of their mutual fund investments made through SIP mode. However, the actual returns attained by a mutual fund scheme depends upon various factors like market volatility, scheme performance, annual return rate, etc., This calculator shows expected returns for our monthly SIP investments.
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How SIP calculator works?
A SIP calculator works according to the following formula
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where,
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FV = P × ({[1 + i] ^ (n – 1)} / i) × (1 + i)
FV
P
i
n
: Final Value
: Investment Amount at regular intervals
: Rate of Return
: Number of instalments paid