IDBI SIP Calculator

IDBI Bank is one of the famous and reliable banks in India offering various plans and schemes for their customers. IDBI SIP is one of the popular and efficient ways of investing in Mutual Funds. It offers a SIP investment option under most of its mutual funds providing a wide range to choose from. IDBI SIP schemes help investors fulfill their future financial goals and objectives. With the help of the IDBI SIP Calculator, an investor understands how much investment is required throughout the tenure to yield desired returns.

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
IDBI 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 and How to Invest in It?

SIP or Systematic Investment Plan is a type of investment option available under the Mutual Funds category provided by various banks, mutual fund houses, and other financial institutions. Due to its increasing popularity, more and more investors, both beginners and experts, have started investing their money in SIPs. One of the main reasons for its growing credibility is the fact that a fixed amount is deposited in a SIP scheme of the investors’ choice at regular intervals for a pre-defined tenure, and if invested wisely, great returns are expected in the future.

SIPs are considered better than the Lump sum option when it comes to Mutual Funds because deposits in SIP are made at regular intervals without overburdening your pocket as is the case in the lump sum method. Some of the top reasons one should invest in a SIP are:

  • It helps inculcate a habit of savings in an individual that brings discipline in their life

  • Serves a dual purpose of investment and savings

  • Investments as low as Rs. 500 can be made in some SIPs

  • Eliminates financial burden during the financial crisis

  • Helps create a decent financial corpus

One can invest their money in SIPs through any reliable portal of investment and easily start investing after the completion of KYC.

IDBI SIP Calculator

To make the life of an investor easy and stress-free, SIP calculators are created by their respective banks and financial institutions. SIP Calculator is a hassle-free financial tool that guides investors as to how much money they need to invest in a SIP to achieve their desired targets in the future. With the help of the IDBI SIP Calculator, an investor can get an approximate figure for returns of any complex financial calculation.

It is important to know that SIP Calculators calculate the maturity amount keeping the current financial market in mind and hence due to market volatility, actual returns might vary from the estimated figures at times.

How to Use IDBI SIP Calculator?

IDBI SIP Calculator is a financial tool that helps in the easy and hassle-free calculation of SIP returns with minimal complications involved. The following information needs to be entered into the IDBI SIP calculator to compute the maturity amount:

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

Step 2: Expected rate of return that the investor wishes to attain

Step 3: Total tenure the investor wishes to invest for

Step 4: The total invested amount, interest earned, and total maturity value will be computed in a fraction of seconds

The Formula for IDBI SIP Calculator

The formula for IDBI SIP Calculator is as follows:

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, that is, annual return rate percentage / 12

n = Total number of months

Illustration

Mr. XYZ invests Rs. 1,000 every month in his DHFL SIP scheme for a tenure of 1 year at a 12% interest rate. His Future estimated maturity return value will be:

Future Value = 1,000 ({[1 + 0.01] ^ {12 – 1} / 0.01) x (1 + 0.01)

Future Value = Rs. 12,809 yearly (approximately)

Benefits of IDBI SIP Calculator

One can invest in mutual funds in 2 ways:

  • Systematic Investment Plan or SIP

  • Lump-sum

A SIP is considered a better investment option when compared to the lump sum method of 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 the availability in mind

IDBI (SIP) Systematic Investment Plan Calculator is a beneficial tool in the following ways:

  1. Accurate Estimations

    Even though it is a known fact that the financial market is volatile in nature and keeps on fluctuating from time to time, returns calculated on the IDBI SIP calculator may vary from the actual returns. Still, IDBI Calculator provides close enough results that help the investor invest more confidently.

  2. Easy and Hassle-Free Use

    It is very easy to use IDBI 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 IDBI 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, IDBI SIP Calculator provides accurate results helping first-time investors invest freely.

FAQ's

  • Q. Can I buy SIP online?

    Ans: There are many trustworthy websites where you can sign up and start investing in SIPs in a hassle-free manner. It is advisable to research the market carefully before making any kind of investment.
  • Q. What is the minimum investment to make in SIP?

    Ans: Minimum investment in SIPs varies from one scheme to another. One can start SIP investment with as low as Rs. 500 or even Rs. 100 in some schemes.
  • Q. Does SIP have a lock-in period?

    Ans: Open-ended mutual funds do not come with a lock-in period. However, the lock in period depends completely on the mutual fund purchased. ELSS mutual funds come with a lock in period of 3 years. Other close-ended mutual funds also come with a lock in period.
  • Q. What happens if I miss an installment date of SIP?

    Ans: Most of the SIPs are flexible in nature and no penalty is levied if an installment is missed. One can continue to pay the installments from the next payment date to keep the SIP active.
  • Q. Is SIP safe for investments?

    Ans: Yes, SIP is one of the safest ways of investing in Mutual Funds. Unlike the lump sum method, investments via SIPs help in investing small amounts at regular intervals without over-burdening the investor. It helps in bringing a financial discipline into an investor’s life.
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