SIP Calculator

I want to invest Pro Tip
Financial experts suggest that a person should invest 10-15% of their monthly income for long-term financial growth
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I want to invest for Pro Tip
Financial experts suggest that individuals should ideally invest for a period of 5 to 10 years, or even longer, to maximize the benefits of compounding and navigate market fluctuations effectively
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Expected return Pro Tip
Top 25% of investors consistently generate more than 12% return
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Total Investment
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Total Wealth
I want to save
I want to invest for Pro Tip
Financial experts suggest that individuals should ideally invest for a period of 5 to 10 years, or even longer, to maximize the benefits of compounding and navigate market fluctuations effectively
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Expected return Pro Tip
Top 25% of investors consistently generate more than 12% return
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Total Investment
Wealth Gained
Monthly Investment
Top Performing Funds with Returns Upto 17%*
Top Performing Funds for NRIs/OCI/PIO with Returns Upto 22%*
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Sameep Singh
Written By: Sameep Singh
Sameep Singh
Sameep Singh Business Unit Head - Domestic Savings
Mr. Sameep Singh is a Business Unit Head for the domestic Investment Business at policybazaar.com, holding a master's from Symbiosis School of Banking & Finance. He has played a pivotal role in crafting investment and term business strategies during his tenure at Policybazaar. His exceptional leadership has been instrumental in driving both product and business growth throughout his impressive career.
Vivek Jain
Reviewed By: Vivek Jain
Vivek Jain
Vivek Jain Head of Savings business
Mr. Vivek Jain is the Business Unit Head for Investment Business at Policybazaar.com. A graduate of the prestigious IIM Calcutta he brings over a decade of invaluable experience to his current role. In his capacity as Business Unit Head, he has been a driving force behind the success of Policybazaar's Investment business. Mr. Jain is recognized for his instrumental role in product innovation within the Savings/Investment domain. His leadership and expertise have been pivotal in scaling up the Investment business, underscoring his significant contributions to Policybazaar.com's growth and success.

SIP Calculator is a financial tool that calculates potential returns on Systematic Investment Plans. By inputting investment amount, duration, and expected return, it estimates future wealth, helping investors in informed decision-making for systematic and disciplined investment strategies.

  • Insurance Companies
  • Mutual Funds
Returns
Fund Name 3 Years 5 Years 10 Years
Top 200 Fund Tata AIA 25.22% 27.81%
21.3%
View Plan
Virtue II PNB Metlife 24.11% 23.28%
19.06%
View Plan
Pure Equity Birla Sun Life 21.98% 20.08%
18.48%
View Plan
Growth Opportunities Plus Fund Bharti AXA 18.36% 19.48%
18%
View Plan
Pure Stock Fund Bajaj Allianz 19.66% 18.13%
17.68%
View Plan
Equity Top 250 Fund Edelwiess Tokio 16.45% 16.32%
15.47%
View Plan
Blue Chip Fund HDFC Standard 14.72% 15.81%
15.24%
View Plan
Growth Super Fund Max Life 14.74% 16.17%
14.72%
View Plan
Equity Fund SBI 15.38% 15.7%
14.16%
View Plan
Multi Cap Growth Fund ICICI Prudential 15.94% 14.5%
14.14%
View Plan

Updated as on January 2024

Compare more funds
Returns
Fund Name 3 Years 5 Years 10 Years
Large Cap Fund Nippon India 24.99% 15.06%
16.79%
Bluechip Fund SBI 17.71% 14.27%
15.41%
Large Cap Fund Edelweiss 16.83% 14.35%
14.28%
Frontline Equity Fund Aditya Birla Sun Life 17.52% 13.21%
14.34%
Bluechip Fund ICICI Prudential 20.34% 14.76%
14.88%
Large Cap Fund Mirae Asset 14.85% 12.99%
16.34%
Bluechip Equity Fund Canara Robeco 15.01% 15.14%
14.38%
Bluechip Growth Kotak 16.41% 14.67%
14.49%
Large Cap Fund Baroda BNP Paribas 15.89% 15.08%
14.61%

Updated as on January 2024

Compare more funds

What is SIP and Why Should You Choose SIP?

Systematic Investment Plan or SIP is a process of investing a fixed sum of money in mutual funds^^ at regular intervals. It promotes consistent saving, minimizes the impact of market volatility, and facilitates wealth growth through compounding, making it a smart and effective wealth-building strategy. 

SIPs in Equity Linked Saving Schemes (ELSS) enjoy the EEE (Exempt, Exempt, Exempt) tax benefit. This means the amount you invest, the returns at maturity, and any withdrawals are all tax-free. Utilize an SIP calculator to plan your investments and reap these tax advantages.

SIP is a smart way to save and grow your money. It helps you save regularly, reducing the impact of market ups and downs. Plus, it lets your money grow over time through compounding. So, SIP is a simple and effective method for building wealth.

What is an SIP Calculator?

An SIP Calculator is a handy digital tool for investors to predict potential returns on mutual fund investments through Systematic Investment Plans (SIPs). By automating calculations based on monthly investment, expected returns, and investment duration, it estimates the future value of the investment in a user-friendly manner.

How Does SIP Calculator Make You a Better InvestorHow Does SIP Calculator Make You a Better Investor

Example of Using a SIP Calculator

Imagine you're saving for your child's college education. You aim to have ₹20 lakhs in 5 years and can invest ₹30,000 every month. With an expected annual return of 10%, you plug these numbers into the SIP calculator.

The calculator shows:

Total amount invested: ₹18 lakhs

Gains: ₹5.42 lakhs

Maturity Value: 23.42 Lakhs (the amount you will get) 

This means your investment has grown significantly, reaching a maturity value of ₹23.42 lakhs. You've not only achieved your ₹20 lakh goal but also gained an additional ₹3.42 lakhs.

In scenarios where you have a fixed monthly investment in mind, using a SIP calculator is important for planning your investments effectively.

Formula Used in SIP Calculators 

The SIP calculator works on the basis of the following formula
M = P × ({[1 + i]^n – 1} / i) × (1 + i)
Terms used in SIP Calculator
P
Amount invested at regular intervals
M
Sum you will get upon maturity
n
Number of times payments made
i
Interest rate

How to Use Policybazaar’s SIP Calculator?

With Policybazaar's SIP calculator, you can calculate your returns on your SIP in 2 ways:

  • When you know your investment amount, it means you have a specific sum of money that you're planning to invest periodically.

  • Knowing your goal amount means achieving a specific financial target within a timeframe. It could be saving for a house, funding education, building a retirement fund, or any other financial goal.

Here are the steps to use the SIP calculator:

If You Know Your Investment Amount:

Step 1: Choose between monthly, yearly, or lump sum payment mode for your SIP.

Step 2: Enter the amount you plan to invest regularly (monthly or yearly) or as a lump sum. You can read the pro tip to better understand how much you should invest.

Step 3: Specify the time period you intend to invest for, typically in years.

Step 4: Input the expected rate of return on your investment.

Step 5: The SIP calculator will display real-time results of the total investment amount, the wealth gained from the investment, and the total amount you have accumulated.

If You Know Your Goal Amount:

Step 1: Enter the amount you aim to save, or you want to generate through your investments.

Step 2: Specify the time period you plan to invest for, usually in years.

Step 3: Input the expected rate of return on your investment.

Step 4: The SIP calculator will display real-time results of the monthly investment, the total investment you have to make, and the wealth you will gain from that. 

To know the investment plans that can help you to generate the targeted wealth, please enter your name & mobile number.

Note- Your credentials are completely secure and will be needed to show you customised plans

Why Use SIP Calculator?

You can use the SIP calculator for strategic financial planning, aligning investments with specific goals. It projects realistic growth, helps in goal setting, and allows scenario analyses for variable adjustments to make informed investment decisions.

  1. Strategic Financial Planning:

    The SIP calculator acts as a strategic financial planning tool. It offers a clear and realistic projection of your investment's growth over time.

  2. Investment Goal Setting:

    Aligning your investments with specific financial goals is crucial for success. Whether you're saving for education, a new home, or building a retirement corpus, the SIP calculator becomes an important tool. It assists in calculating the required investment amount and the time it will take to achieve your defined objectives.

  3. Scenario Analysis:

    The monthly SIP investment plan calculator enables you to conduct scenario analyses. You have the flexibility to adjust variables such as investment amount, duration, and expected returns.

  4. Risk Assessment:

    Assessing the risk associated with investments is a critical aspect of financial planning. The SIP mutual fund calculator facilitates this by considering factors such as expected returns and investment duration. This aids in gaining a comprehensive understanding of the potential risks and rewards associated with different investment plans and options.

Key Takeaways

SIP mutual fund calculators have become an essential tool for today's digitally savvy investors like you. If you want to invest in different funds through SIPs, using the SIP calculator is a must for making realistic decisions. With our best SIP calculator, you can estimate potential returns and choose the best SIP plans that best suit your needs.

Frequently Asked Questions

  • What are the benefits of SIP?

    The following are the benefits of investing in a SIP:
    • You can invest in small amounts continuously

    • You can choose monthly auto-payment

    • Better long-term advantages than a one-time investment

    • No stress in regards to the market ups and the downs

    • Helps to plan the budget and manage expenses efficiently.

  • Are SIPs equivalent to mutual funds?

    No, SIP is not equivalent to mutual funds. However, it is a medium of investing in mutual funds. In a SIP you will invest periodically than a lump sum amount.
  • Is SIP safer than lump sum investments?

    Yes, SIP is a safer option than a lump-sum investment. Investment in a SIP has a low risk and the points of investment are spread out over a long period. The idea is simple the time the market is high, you can purchase some units of the fund, and the time the market is slow you can purchase the same unit on the equivalent amount.
  • How can I cancel a SIP?

    If you have started your SIP in an online mode, you can cancel your SIP by choosing the ‘Cancel SIP’ option for your upcoming transactions. However, if you have started SIP offline, you need to visit the nearest branch or get in contact with a relationship manager to have your SIP cancelled. 
  • What is a Lump-sum Calculator?

    A lump-sum calculator calculates the maturity amount of a one-time or lump-sum investment made by the investor. You need to enter the amount of investment, tenure of investment, and expected rate of return to estimate the maturity amount and the returns on investment.
  • What is Delay Cost Calculator?

    Delay Cost Calculator helps in understanding the impact of delaying your systematic investment by a particular year. You are required to enter your monthly investment amount, the tenure of the investment, the anticipated return rate, and the anticipated delay in the investments. Delay Cost Calculator shows the amount of maturity if the investment was spread over a planned number of years and the amount of maturity in the delayed time and the cost of this delay.
  • What is SIP Advanced Calculator?

    SIP Advanced Calculator is an advanced form of the simple online SIP Calculator. This calculator helps in evaluating the return after inflation. This tool gives a better idea of the SIP maturity value considering inflation. You have to select the amount of monthly investment, expected rate of return, and inflation rate to arrive at the SIP maturity amount, pre-inflation and post-inflation, and tenure in years.
  • What are the types of SIPs available?

    To cater to the various requirements of the investors, generally, there are 5 different types of SIP plans available in the market. These are as follows: 
    • Top-up SIP

    • Perpetual SIP

    • Trigger SIP

    • Flexible SIP

  • Can I renew a SIP?

    Yes, you can renew your SIP in case the existing SIP expires. To renew SIP, the investors need to quote the same FOLIO number (unique number allotted to each MF investor) through the financial advisor of his Asset Management Company (AMC). Generally, it takes 20-30 working days from the date of sending the request to renew the SIP plan.
  • What is the need for a SIP inflation calculator?

    The inflation calculator helps to understand the impact of inflation on the money. This also enables us to understand the money that would be needed to meet the current expenses while keeping up with inflation.
  • What if I invest 10000 in SIP for 5 years? 

    If you invest 10,000 INR in a Systematic Investment Plan (SIP) for 5 years, the final investment value will depend on the returns generated by the investments made through the SIP.
    Assuming an average annual return of 10% on your SIP investments for 5 years, the maturity returns will be approximately Rs. 16,105.
  • Which SIP under 3,000 per month? 

    There are several SIP (Systematic Investment Plan) options available for investment under Rs. 3,000 per month; a few of them are as follows:
    • Large Cap Equity Funds: Axis Bluechip Fund, ICICI Prudential Bluechip Fund, and SBI Bluechip Fund

    • Multi-Cap Equity Funds: Mirae Asset Emerging Bluechip Fund, Kotak Standard Multicap Fund, and HDFC Equity Fund

    • Balanced Funds: HDFC Balanced Advantage Fund, ICICI Prudential Balanced Advantage Fund, and SBI Equity Hybrid Fund

    • Index Funds: HDFC Index Fund - Sensex Plan, ICICI Prudential Nifty Index Fund, and UTI Nifty Index Fund

    • Debt Funds: Axis Liquid Fund, ICICI Prudential Money Market Fund, and Aditya Birla Sun Life Savings Fund

  • What is the SIP of 5000 per month for 10 years?

    If you invest Rs. 5,000 per month in a Systematic Investment Plan (SIP) for a period of 10 years, assuming an average annual return of 12% on your SIP investment, the calculation will be:
    • Total Investment Amount: Rs. 5,000 per month x 12 months x 10 years = Rs. 6,00,000

    • Investment value = [PMT x ((1 + r)^n - 1) / r]

    Where: 

    • PMT = Monthly investment amount = Rs. 5,000

    • r = Annual interest rate (assuming 12% divided by 12 for monthly investment) = 0.01 

    • n = Number of investment periods (months) = 10 years x 12 months = 120

    • Investment value = [5,000 x ((1 + 0.01)^120 - 1) / 0.01] 

    • Investment value ≈ Rs. 15,24,190

  • What if I invest 30,000 in SIP for 5 years?

    A SIP of Rs. 30,000 for 5 years would have earned a profit of about Rs. 15, 31, 850.
  • What are the uses of SIP calculator?

    • The SIP calculator helps to determine the amount in which you want to invest 

    • It gives you the total money you have invested

    • This calculator provides you with an estimated amount of the returns

  • What are the four important principles of SIP? 

    • Start as early as possible 

    • Invest on a regular basis 

    • Invest the right amount 

    • Stay invested for the long tenure 

  • What is the 15 Rule in SIP? 

    15 Rule in SIP is if you invest Rs. 15,000 per month for a term of 15 years in a stock that is offering 15% of interest rate on a yearly basis, then you will accumulate an amount of Rs. 10027601 at the last of 15 years. 
  • What is SIP Calculator? 

    A SIP Calculator is a free online tool that helps calculate the returns you would earn on your mutual funds. 
  • What if I invest 20,000 in SIP for 20 years?

    If you invest Rs. 20,000 per month in a Systematic Investment Plan (SIP) for a period of 20 years, the final investment value will be:
    • Assuming an average annual return of 10% on your SIP investment
    • Total Investment Amount: Rs. 20,000 per month x 12 months x 20 years = Rs. 48,00,000
    • Investment value = [PMT x ((1 + r)^n - 1) / r]

    Where:

    • PMT = Monthly investment amount = Rs. 20,000
    • r = Annual interest rate (assuming 10% divided by 12 for monthly investment) = 0.00833
    • n = Number of investment periods (months) = 20 years x 12 months = 240
    • Investment value = [20,000 x ((1 + 0.00833)^240 - 1) / 0.00833]
    • Investment value ≈ Rs. 2,58,72,355

*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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What is an SIP Calculator? | How to Calculate & Choose a SIP Plan in 2024?

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