LIC SIP Calculator

Life Insurance Corporation of India (LIC) is one of the highly-trusted asset management companies (AMCs) in India. The AMC established in the year 1989, has maintained a dignified and dependent position for over 30 years. With LIC Mutual Funds^^ worth around 290 crores (approximately) currently, it caters to all the investors with different risk-taking abilities.

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LIC SIP Calculator
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LIC’s Systematic Investment Plan (SIP) is a way of investing in LIC mutual funds regularly so that the money grows significantly in a long-term period. LIC SIP Calculators help in the computation of accurate returns that an investor will receive over a defined period of time if invested regularly.

What is SIP?

Generally, people tend to be confused with SIPs and Mutual funds being the same investment type. On the contrary, investors can invest in Mutual funds in two ways: Systematic Investment Plans (SIPs) and Lump sum method. In a SIP, an investor is given the option of investing small amounts at regular intervals for a defined tenure to attain great returns at the end. Regular investment intervals can be either weekly, monthly, or quarterly in the SIP making it easier for investors when compared to the lump-sum one-time payment method.

What is LIC SIP Calculator?

SIP investment type has gained big-time popularity over the past few years because of great returns and easy investments. LIC SIP Calculator is a tool for computation of the desired financial corpus of the investor in the future and how many investments they have to make to achieve their desired goal. Actual returns when calculated on a SIP calculator may vary at times due to various factors depending on the volatility of the financial market.

Benefits of Using LIC SIP Calculator

One of the prime reasons to invest in mutual funds through SIP and not the lump sum method is that SIP investment brings financial discipline and develops a habit of savings in an investor’s life. LIC SIP calculator is a beneficial tool for investors, and comes with the following benefits:

  • Best for first-time investors as investing is very easy and requires minimal details

  • Provides accurate estimation when compared to manual calculations

  • Easy and hassle-free use as the investor has to put in the basic details and results are reflected instantly

  • Graphical representation makes it easier to analyze

  • Offers assistance as to how much an investor has to put in to achieve the desired goal

How Does LIC SIP Calculator Work?

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

The LIC SIP Calculator works on the basis of the following formula
FV = P x ({[ 1+ i ] ^ n-1 } / i ) x (1+i)
Terms used in LIC SIP Calculator
Future Value (Maturity amount to be received)
Amount that the investor invests
The rate of interest periodically
Total number of payments made by the investor to date

Let us understand with an easy illustration:

Suppose, an investor Mr. X invests Rs. 1,000 in his LIC Systematic Investment Plan for a tenure of 1 year, that is, 12 months at a rate of interest of 12%. His future estimated returns will be as follows:

Monthly returns = 12% / 12 = 0.01


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

FV = Rs. 12,809 yearly (approximately)

How to Use LIC SIP Calculator?

One of the easiest and hassle-free tools to use, the LIC SIP Calculator helps in computing the estimated return amount just by entering a few details about the plan. Following are the basic details required to get the return value:

  • The monthly amount an investor is willing to invest

  • Mutual fund’s current rate of interest

  • The period for which an investor is willing to invest

  • Maturity value will be reflected just by a click

Advantages of Using LIC SIP Calculator

Following advantages of using LIC SIP Calculator over manual calculation are:

  • Easy usage

  • Accuracy in results

  • Computation of return value is quicker compared to manual calculation

  • Available for all the access

  • It helps in planning the future more effectively

*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
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^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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