ICICI SIP Calculator

ICICI bank is one of the topmost reputed private sector banks in India that have won the trust of several individuals for over 2 decades. ICICI offers many schemes and policies for their customers that help them in building a decent financial corpus at the time of need. Systematic Investment Plan (SIP) is one such mutual fund scheme offered by the ICICI bank, various other banks, and mutual fund houses that is very popular amongst the masses and offers great returns if investments are made for the long-term. ICICI SIP Calculator helps in the accurate computation of the returns received in cases where money is invested through a SIP.

Read more
Best Investment Plans
  • Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • ₹ 1 Crore

    Invest 10k Per Month*
  • Zero LTCG Tax

    Unlike 10% in Mutual Funds

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Top Performing SIP's with Zero Commission
Invest ₹10k/month & Get Rs 1 Cr Tax free*
+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
ICICI SIP Calculator
  • SIP
  • Lumpsum

Monthly Investment

₹500 ₹1L
Enter Monthly Investment

Total Investment

₹500 ₹10L
Enter Total Investment

Expected Rate of Return (Yearly)

1% 20%
Expected Rate of Return (Yearly)

Time Period

1 Year 30 Years
Enter Time Period
Total Investment
Interest Earned
Maturity Amount

What is SIP?

SIPs or Systematic Investment Plans are some of the most popular investment options that offer high returns if the amount is invested for the long term. The top reason to buy SIP is that investments can be made as minimum as Rs. 500 and it also serves the dual purpose of savings and investment. Helps in bringing a financial discipline in life with the help of regular investments, Systematic Investment Plans eliminate the financial burden on an individual.

SIP Calculator helps in the computation of estimated returns for investments made under the SIPs.

ICICI SIP Calculator

Systematic Investment Plan or SIP is an online financial tool that helps the investor understand how many investments they have to make in order to attain the desired corpus in the future. SIP calculators are considered to be hassle-free and easy to use and help in achieving accurate results for complex financial calculations. Even though we all know that the financial market is unpredictable, ICICI SIP Calculator only helps in the computation of results keeping the current market scenario in mind. This means that the final results may vary depending upon the situation of the market at the time of withdrawals.

Benefits of ICICI SIP Calculator

ICICI SIP calculator helps in the estimation of regular investments to be made so that the final target is achieved. The following are the benefits of using an ICICI SIP Calculator:

  1. Accurate Estimations

    As we know exact returns cannot be estimated due to market volatility, still the ICICI SIP Calculator provides close enough results that help the investor invest more confidently.

  2. Easy and Hassle-Free Use

    When compared to manual calculations, ICICI SIP Calculator is more convenient, hassle-free, easy to use, and provides more accurate results. SIP Calculator provides results within seconds whereas manual calculations are more time-consuming.

  3. Best for First-Time Investors

    Usage of the SIP Calculator is very simple and easy and hence it is the best financial tool for investment calculation. With minimum details required, ICICI SIP Calculator provides accurate results helping first-time investors invest freely.

How Does ICICI SIP Calculator Work?

The following formula is used for the computation of maturity value received at the end of SIP investment tenure:

FV = P x ({[ 1+ i ] ^ n-1 } / i ) x (1+i)

Here is the elaboration:

FV = Future Value (The amount to be received after maturity)

P = Amount that the investor invests

i = The rate of interest periodically

n = Total number of payments made by the investor to date

Illustration

Mr. Karan invests Rs. 5,000 in a month at 14% through ELSS Fund SIP. If he selects the tenure of 10 years, then the returns will be:

FV = 5,000 x ({[ 1 + 0.14] ^ 120 – 1} / 0.14) x (1 + 0.14)

FV = Rs. 13,10,000

Total returns = Future Value – Invested Amount throughout the tenure

Total returns = Rs. 13,10,000 – Rs. 6,00,000

Total returns = Rs. 7,10,000

How to Use ICICI SIP Calculator?

ICICI Systematic Investment Plan tool is easy to use and hassle-free with minimal complications involved. The following information needs to be entered in the ICICI SIP calculator to compute the maturity amount:

Step 1: The monthly amount that the investor wishes to invest

Step 2: Current Rate of return offered on the particular mutual fund

Step 3: Total tenure the investor wishes to invest for

Step 4: The maturity value will be computed in seconds

Advantages of ICICI SIP Calculator

Following are some of the key benefits of using the ICICI SIP Calculator:

  • Hassle free usage

  • Accuracy in results

  • Quick computation as compared to manual formula

  • Helps in better future planning

  • Free to use for all

Smart Investment Pack
Smart Investment Pack
Average Rating
(Based on 0 Reviews)
100% Capital Guarantee

SIP plans articles

Recent Articles
Popular Articles
SIP Vs Lump Sum: Which is Better for Investment?

22 Mar 2022

Choosing the right investment option is important in life to...
Read more
LIC SIP Calculator

14 Mar 2022

Life Insurance Corporation of India (LIC) is one of the...
Read more
SIP Plans for 7 Years

22 Feb 2022

Investing your saved income in the right kind of investment...
Read more
SIP Plans for 12 Years

22 Feb 2022

In the recent times of everyday increasing financial needs...
Read more
Best SIPs Plans for 1,000 Investment Per Month

18 Feb 2022

SIPs are an excellent way for people on a budget to invest in...
Read more
Best SIP Plans: Top SIP Plans to Invest in India
A Systematic Investment Plan (SIP) is a process of investing in mutual funds. It is a substitute for the...
Read more
Best SIP Plan for 5 Years Investment 2021
SIPs make a great way of investing in mutual funds. It is an excellent investment method to accomplish your short...
Read more
Best SIP to Invest for 10 Years
The Systematic Investment Plan or SIP allows you to choose a mutual fund plan and invest a fixed amount...
Read more
Best SIPs Plans for 1,000 Investment Per Month
SIPs are an excellent way for people on a budget to invest in market-linked markets and enjoy high returns. These...
Read more
Best SIP Plans for 15 Years
Systematic Investment Plans are the new emerging investment options in India gaining huge popularity these days...
Read more
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL