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ICICI SIP Calculator
A Systematic Investment Plan or SIP is one of the methods of making investments at regular intervals in various funds, the other being the lump sum method of investment. SIP helps in accumulating wealth and increase capital over a fixed time period. SIP Calculator is the best tool needed by every investor for easy calculation of their SIP returns at the time of maturity. ICICI, the leading private bank in the financial market, has come up with its ICICI SIP Calculator for calculating returns.
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SIP Benefits
- Start SIP with as low as ₹1000
- No hidden charges
- Save upto ₹46,800 in Tax under section 80 C
- Zero LTCG Tax(Unlike 12.5% in Mutual Funds)
- Disciplined & worry-free investing
In-built life cover
Top Performing SIP's with High Returns*
Invest ₹10k/month & Get ₹1 Cr Tax free*
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SIP Calculator
- ICICI SIP Calculator
ICICI SIP Calculator
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/month
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/Year
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Total Investment
Maturity Amount
PROJECTED GAINS
Top Funds with High Returns (Past 7 Years)
20.06%
Whole Life Mid Cap Equity Fund
19.75%
High Growth Fund
18.23%
Multiplier
16.75%
Midcap Fund
16.58%
Opportunities Fund
16.39%
Accelerator Mid-Cap Fund II
14.67%
Classic Opportunities Fund
13.54%
Opportunity Fund
13.23%
Flexi Cap
10.6%
Save N Grow Money Fund
ICICI Mutual Funds 2022
| Fund Name | 1 Year CAGR | 3 Year CAGR | 5 Year CAGR | Till Date CAGR |
| ICICI Prudential Dividend Yield Equity Fund (G) | 0.1 | 0.227 | 0.099 | 0.131 |
| ICICI Prudential Infrastructure Fund (G) | 0.192 | 0.257 | 0.129 | 0.14 |
| ICICI Prudential Large & Mid Cap Fund (G) | 0.108 | 0.236 | 0.127 | 0.182 |
| ICICI Prudential Bluechip Fund Institutional I (G) | -0.197 | 0.002 | 0.044 | 0.117 |
| ICICI Prudential Banking and Financial Services Fund (G) | 0.022 | 0.141 | 0.076 | 0.167 |
| ICICI Prudential S&P BSE Sensex Index Fund (G) | 0.01 | 0.188 | - | 0.135 |
| ICICI Prudential Bluechip Fund (G) | 0.036 | 0.19 | 0.117 | 0.142 |
| ICICI Prudential Value Discovery Fund (G) | 0.1 | 0.247 | 0.134 | 0.198 |
| ICICI Prudential Technology Fund (G) | -0.201 | 0.288 | 0.256 | 0.119 |
| ICICI Prudential Small cap Fund Institutional (G) | -0.249 | -0.097 | -0.024 | 0.051 |
| ICICI Prudential Mid Cap Fund (G) | 0.066 | 0.247 | 0.118 | 0.171 |
| ICICI Prudential Small cap Fund (G) | 0.109 | 0.32 | 0.151 | 0.12 |
| ICICI Prudential Long Term Equity Fund Tax Saving (G) | 0.004 | 0.195 | 0.123 | 0.194 |
| ICICI Prudential Nifty 50 Index Plan (G) | 0.011 | 0.187 | 0.122 | 0.149 |
| ICICI Prudential Focused Equity Fund (G) | 0.039 | 0.219 | 0.128 | 0.13 |
| ICICI Prudential Nifty Next 50 Index Fund (G) | 0.029 | 0.193 | 0.088 | 0.118 |
| ICICI Prudential Multi cap Fund (G) | 0.028 | 0.192 | 0.117 | 0.147 |
| ICICI Prudential FMCG Fund (G) | 0.146 | 0.172 | 0.124 | 0.167 |
| ICICI Prudential MNC Fund (G) | 0.051 | 0.242 | - | - |
| ICICI Prudential Bharat Consumption Fund Cumulative (G) | 0.131 | 0.195 | - | 0.145 |
Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.
All About ICICI SIP Calculator 2022
What is ICICI SIP Calculator?
Systematic Investment Plans have achieved great popularity amongst the masses over the past few years because of their great returns, easy accessibility, and hassle-free investments. ICICI SIP Calculator is a financial tool that helps calculate SIP returns with just a few basic details. With the help of the ICICI SIP Calculator, investors can clearly understand how many investments they have to make to achieve their desired financial targets. Due to various factors related to the financial market, actual returns may vary from the calculated amount.
How is ICICI SIP Calculator helpful?
A SIP method is considered a better investment option for investment in mutual funds^^ because:
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It inculcates a habit of regular savings.
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One can deposit money at regular intervals without being overburdened to pay all the amount in one go.
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Pocket-friendly deposits can be made monthly, keeping availability in mind.
ICICI (SIP) Systematic Investment Plan Calculator is a beneficial tool in the following ways:
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Accurate Estimations
Even though it is known that the financial market is volatile and keeps on fluctuating from time to time, returns calculated on the ICICI SIP calculator may vary from the actual returns. Still, SIP Calculator provides close enough results to help investors invest more confidently.
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Easy and Hassle-Free Use
It is an easy-to-use ICICI SIP Calculator. All an investor has to do is put in the basic details on the SIP calculator, like monthly invested amount, expected rate of return, the tenure of investment, and maturity value will be calculated within a blink of an eye.
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Best for First-Time Investors
As the ICICI SIP Calculator is an easy-to-handle tool, hence it is considered one of the best financial tools 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?
ICICI Systematic Investment Plan tool is easy to use and hassle-free with minimal complications involved. The following information needs to be entered into the ICICI SIP calculator to compute the maturity amount:
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The monthly amount that the investor wishes to invest
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Current Rate of return offered on the particular mutual fund
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Total tenure the investor wishes to invest for
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The maturity value will be computed in seconds
ICICI SIP Return Formula
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: |
| FV = Future Value (The amount to be received after maturity) |
| P = amount that the investor invests |
| i = The rate of interest periodically, that is, annual return rate percentage / 12 |
| n = Total number of months |
Example
Mr. Karan invests Rs. 5,000 monthly 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 |
Benefits of using the ICICI SIP Calculator
Listed below are some of the key benefits of using the ICICI SIP online calculator:
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The use of the ICICI SIP calculator will offer peace of mind and helps in saving investors precious time.
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The calculations done on the ICICI SIP online calculator will offer instant results, which will help the investor plan for future finances.
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The ICICI SIP online calculator can be used from any point globally. The use of this ICICI SIP calculator has made the calculations easy.
*All savings are provided by the insurer as per the IRDAI approved
insurance
plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^10(10D) Tax benefit are for Investments made up to Rs.2.5 L/ yr and are subject to
change as per tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
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