Planning for an SIP? Know how much should you invest monthly
The Mutual Fund SIP (Systematic Investment Plan) Calculator is quite popular among those who are looking to invest their hard earned money. It is also popularly known as SIP Investment Calculator. Such Mutual Fund SIP Calculators are used by major financial institutions such as HDFC, ICICI, IDBI, etc. InvestmentYogi provides a very simple calculator for knowing the maturity amount for an SIP based on the monthly investment made.
Why should you use this calculator?
If you are eager to know how much the maturity amount of your investment would be after investing for a particular period, this calculator is the one you need. Thousands of our users have used this to make better decisions with their investments. So can you.
How to use this calculator?
The entries to make are:
Initial Investment (if any) – The initial amount you have invested or planning to invest. It could be a lump-sum bigger amount or a small amount.
Monthly SIP – Enter the amount of investment you plan to make or are now making monthly. This can be as low as Rs. 500 or even in lakhs. Limit depends on the particular fund.
Period (months) – Enter the number of months of investment for the SIP.
For your convenience, here is the number of months in these years:
10 years – 120 months
15 years – 180 months
20 years – 240 months
30 years – 360 months
Rate of Return (in % p.a) – Enter the rate of return expected from the fund. The rate is to be entered p.a compounding.
Once you have entered these values, once you click on submit, the result would be stating the future value of investment as well as the appreciated amount after the tenure.
When should you use this Calculator?
This calculator is to be used by those who are planning for investments in near future or already have started investments through SIP.
Can it be used in any other situation?
This SIP Investment calculator is specifically for SIP. There might also be a case where you want to check how much your monthly investment (with or without SIP) would yield for a particular return. This Mutual Fund SIP Calculator can be used in such instance as well.
Frequently asked questions about SIP
Some frequently asked questions on SIP are answered in the following articles:
Benefits of Equity SIP –The article explains the benefits of investing in a equity SIP. It also explains different types and features of SIP as well.
What is Systematic Transfer Plan? It talks about a concept called STP which is similar to SIP. Benefits of STP and its features are also explained in detail.