SBI SIP Calculator - Calculate SBI SIP Returns

SBI SIP Calculator lets investors calculate their expected returns efficiently and quickly. State Bank of India is a highly respected public sector bank that provides a wide range of investment options to its customers. People can choose to invest in various funds through SBI either through the SIP method or the lump sum investment method. SBI SIP calculator will help you to bring close to goal-based investing and help you to progress in terms of financial planning.

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SBI SIP Calculator 2023
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Understanding SBI SIP Calculator 2023

The mutual fund industry in India has seen impressive growth over the past decade, with assets under management reaching Rs ₹39.89 trillion compared to the previous Rs 7.60 trillion, according to data from the Association of Mutual Funds in India. Although the figures may not be as high compared to other economies, it shows that Indian residents are beginning to understand the benefits of investing in mutual funds.

However, there is still a significant amount of unawareness and confusion surrounding these investment instruments.

To make a wise investment decision, it is important for investors to calculate the expected return. The SBI SIP calculator can be a useful tool in achieving this goal.

By using this calculator, investors can establish a financial safety net that will help them achieve both short-term and long-term financial goals. The State Bank of India's SIP plans offer a convenient investment option for beginners, allowing them to make small monthly investments and reap high returns over time.

In the table below is the list of the best SBI mutual funds SIP to invest in the equity funds 2023:

Fund 3 YR (%) 1 YR (%)
SBI Small Cap Fund Direct-Growth 25.95% 6.92%
SBI Magnum Mid Cap Direct Plan-Growth 23.78% .4.03%
SBI Infrastructure Fund Direct-Growth 19.17% 8.30%
SBI Large & Midcap Fund Direct Plan-Growth 18.42% 6.07%
SBI Long Term Equity Fund Direct Plan-Growth 17.74% 6.73%

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

As on 2nd February 2023, the returns up to one year are on an absolute basis and if more than a year, then it is on a CAGR basis respectively.

How is the Mutual Fund of SBI SIP Calculator 2023 Helpful?

Investing in a SIP involves using a mutual fund, which is executed in a structured manner. It operates similarly to a Recurring Deposit (RD), where a fixed amount is invested into a mutual fund scheme each month.

In contrast to lump sum investments, where an investor makes a substantial one-time investment in a plan, SIP investments are more strategic and have a slightly lower risk factor. The following points will illustrate the significance of using the SBI SIP calculator:

  • The use of State Bank of India SIP calculator will provide with the right estimate in regards to the SIP returns. However, as the mutual funds are mostly subject to the risk of the market, therefore, the result would slightly vary.

  • When it comes to calculating the SIP specifically manually then it is complicated. Even though one knows the formula, it takes a good amount of time. The SBI SIP calculator 2023 online will provide you with the correct results in a few seconds.

  • Financial planning for your future is important and using SIP calculator makes the work convenient and hassle-free providing accurate results. The SBI SIP return calculator is easy to access and you would not require any subject matter advisor to use at any point in time.

Using SBI SIP Returns Calculator 2023

The SBI SIP calculator determines the expected returns by using four variables, which are incorporated into a formula to calculate the anticipated returns after the investment period.

But before, we take a look at the formula to let us understand the variables that will be in SBI SIP calculation along with the representations below:

FV: The future value

P: Amount of SIP

R: Expected rate of return

i: Compounded rate of return

n: Total number of instalments done

Formula: FV = [P x R x (1 + i) n-1/i] x (1 + i)

Calculating the SIP manually using the formula can be challenging and complicated. In case you are looking to check the different values of the variables for the expected returns then it will be more than time-consuming.

Therefore, to save time and for accurate results, it is advisable to use SBI SIP calculator and efficiently manage your task within time.

What are the Advantages of using SBI SIP Calculator 2023?

The following are some benefits of using the SBI SIP online calculator:

  • The SBI SIP calculator offers peace of mind and saves time.

  • SBI SIP calculator 2023 provides instant results, allowing the investor to plan finances for the future.

  • The SBI SIP calculator is accessible from anywhere in the world and makes calculations easier.

Invest in the right SIP after consulting with the SBI SIP calculator.

How to Use SBI SIP Return Calculator?

The SBI SIP Calculator 2023 is a user-friendly financial tool designed for all levels of investors, whether they are new or experienced. An investor can know how much corpus they will create at the end of the tenure just by following these simple steps mentioned below:

Step 1: Drag the slider to the amount you are willing to put in the SBI SIP scheme monthly

Step 2: Drag the next slider to your expected rate of return from the SIP

Step 3: Enter the investment period you are willing to invest for in that SIP

Step 4: The total amount invested, interest earned, and the final maturity amount will be reflected on the screen immediately


In conclusion, the SBI SIP Calculator is a valuable tool for anyone looking to invest in mutual funds via a systematic investment plan (SIP). By providing an estimated return on investment based on various inputs such as monthly contribution and time horizon, it helps investors make informed decisions and plan their investments effectively.

Moreover, it's user-friendly interface makes it easily accessible and convenient for people of all investment backgrounds. Whether you're a seasoned investor or just starting out, the SBI SIP Calculator 2023 can provide a helpful guide to reaching your financial goals through a SIP investment.


  • Is SIP better than FD?

    Investing in a Systematic Investment Plan (SIP) is superior to a Fixed Deposit due to its flexible investment options, ability to diversify, tax advantages, and higher returns. It is therefore a more favorable option than Fixed Deposit. To get the better idea of SIP plans, it is suggested to study the best SIP plans in the market before investing.
  • Which SIP gives high return?

    SBI Equity Fund is one of the popular SIPs offered by SBI Bank in India that has been delivering good returns in the past. 
  • Is SIP tax free?

    Investors who choose to invest through Systematic Investment Plans (SIPs) in equity funds or balanced mutual fund schemes will not have to pay taxes on any gains made after a year as they are considered long-term capital gains and are tax-free.
  • Can I start SIP in SBI?

    Starting a Systematic Investment Plan (SIP) is possible at any time. The sooner you begin, the more advantageous it will be. Choose a Mutual Fund that suits your needs and get started today by downloading the application form and submitting it with the necessary documents at a nearby branch.
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