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ICICI SIP Calculator
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 increasing capital over a fixed time period. SIP Calculator is the best tool every investor needs to easily calculate their SIP returns at maturity.
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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
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Top Performing SIP's with High Returns*
Invest ₹10k/month & Get ₹1 Cr Tax free*
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- ICICI SIP Calculator
ICICI SIP Calculator
- Monthly
- Yearly
₹
/month
Enter Monthly Investment
Enter Invest for
Enter Invested for
/Year
Enter ROI
Total Investment
Maturity Amount
PROJECTED GAINS
Top Funds with High Returns (Past 7 Years)
20.5%
High Growth Fund
19.8%
Whole Life Mid Cap Equity Fund
16.79%
Opportunities Fund
16.72%
Accelerator Mid-Cap Fund II
What is the ICICI SIP Calculator?
The ICICI SIP Calculator is an online financial tool that helps you estimate the potential returns from SIP plans. The SIP return calculator can be extremely useful in planning for long-term financial goals like retirement, education, or a house purchase. It's a convenient way to visualize the power of compounding and understand how consistent investing can help you grow your wealth over time. Due to various factors related to the financial market, actual returns may vary from the calculated amount.
How Does the ICICI SIP Return Calculator Work?
ICICI SIP return calculator 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 or market-linked 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:
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 Policybazaar’s ICICI SIP Calculator Online
Listed below are some of the key benefits of using the ICICI SIP online calculator:
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Using the ICICI SIP return calculator will offer peace of mind and will help save investors precious time.
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The ICICI SIP calculator online will offer instant results, which will help the investor plan for future finances.
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The ICICI SIP calculator online can be used from anywhere globally and from any device, making the calculation process convenient.
Conclusion
The ICICI SIP Calculator is a valuable tool for anyone considering investing in a Systematic Investment Plan (SIP). This can be particularly useful for long-term financial planning, such as saving for retirement or a child's education. While it's important to note that past performance is not indicative of future results, the sip calculator can serve as a helpful tool in making informed investment decisions.
FAQs
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Is using the ICICI SIP Calculator free?
Yes, using the ICICI SIP Calculator is generally free of charge. -
What kind of output does the calculator provide?
The calculator typically provides an estimate of your future corpus, including the total amount invested and the total returns generated. -
How should I interpret the results from the calculator?
The results provide a general idea of your potential financial growth. However, it's important to consider other factors such as market fluctuations and your individual financial goals.
*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.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
^^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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