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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Best SIPs
  • Guaranteed Tax Savings

    Guaranteed Tax Savings

    Under sec 80C & 10(10D)^
  • savings

    ₹1 Crore

    Invest ₹10k Per Month*
  • Zero LTCG Tax

    Zero LTCG Tax

    Unlike 10% in Mutual Funds
Top Performing SIP's with High Returns*
Invest ₹10k/month & Get ₹1 Cr Tax free*
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ICICI SIP Calculator
  • Monthly
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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)
Whole Life Mid Cap Equity Fund
22.44%
Whole Life Mid Cap Equity Fund
Midcap Fund
21.31%
Midcap Fund
Multiplier
20.89%
Multiplier
Accelerator Mid-Cap Fund II
20.32%
Accelerator Mid-Cap Fund II
High Growth Fund
20.03%
High Growth Fund
Opportunities Fund
19.78%
Opportunities Fund
Classic Opportunities Fund
16.5%
Classic Opportunities Fund
Flexi Cap
15.61%
Flexi Cap
Opportunity Fund
15.19%
Opportunity Fund
Save N Grow Money Fund
11.81%
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:

  • It inculcates a habit of regular savings.

  • One can deposit money at regular intervals without being overburdened to pay all the amount in one go.

  • 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:

  1. 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.

  2. 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.

  3. 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:

  • The monthly amount that the investor wishes to invest

  • Current Rate of return offered on the particular mutual fund

  • Total tenure the investor wishes to invest for

  • 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:

  • The use of the ICICI SIP calculator will offer peace of mind and helps in saving investors precious time.

  • The calculations done on the ICICI SIP online calculator will offer instant results, which will help the investor plan for future finances.

  • 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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