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Result
Expected Amount: $278,657.27
Amount Invested: $120,000.00
Wealth Gain: $158,657.27
Amount Invested
Returns
| # | Duration | SIP Amount | Future Value |
|---|---|---|---|
| 1 | 5 years | $1,000.00 | $89,681.69 |
| 2 | 8 years | $1,000.00 | $185,936.57 |
| 3 | 10 years | $1,000.00 | $278,657.27 |
| 4 | 12 years | $1,000.00 | $403,584.60 |
| 5 | 15 years | $1,000.00 | $676,863.09 |
| 6 | 18 years | $1,000.00 | $1,104,255.30 |
The SIP Calculator or Systematic investment plan calculator is an online financial tool that can help you calculate the returns you may earn on your SIP investments in mutual funds. It lets the user know how much they need to invest each month in order to earn a targeted corpus.
With the utilization of this calculator, you would not have to go through manual calculations. It can be used online from anywhere and at any given time.
The SIP Calculator lets you choose your frequency of investments, such as monthly, or quarterly. It also lets you enter the amount you wish to invest monthly/ quarterly, the expected rate of return and the investment duration in years.
Further on, based on the provided data, it displays the amount of corpus you will have at the end of this investment tenure. It is an essential tool to analyse how much you need to invest for a certain amount of corpus, whether the investment is a suitable choice, and compare different fund's SIP investments.
Although the SIP Return Calculator is only an illustration and not the actual representation of the returns, it can be helpful to get a broad idea of how much one needs to invest every month / quarter to achieve a large corpus over a long period of time.
The Mutual Fund SIP Calculator works on a pre-programmed algorithm. When you enter some basic details into the calculator, the calculator gives you the return estimates of the investment plan.
You will have to enter some details in this investment calculator, such as;
The formula used by the SIP calculator is:
FV = P × ({[1 + i]n – 1} / i) × (1 + i)
FV = Future value.
P = SIP amount.
i = Expected rate of return per frequency period.