A SIP (Systematic Investment Plan) calculator is an online financial tool that can help to calculate the returns you would earn on your SIP investments.
Hello friends, today I have brought you such a Sip Calculator in front of you, with the help of which you can calculate Sip.
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Sip is the best way to save money. Sip is an investment scheme in which small amounts are invested in mutual funds. Sip gives you the opportunity to invest a fixed amount every month in your preferred mutual fund.
The best way to save money is to invest in sip monthly.If you get good returns in mutual funds, then you can make good money after some time through sip.
One can invest in sip with less money. For example, you can invest as much as 100, 500 and 1000. Like 10,000 , 15,000 more than this you can invest in a month.
Many times you must have heard that drop by drop fills the pitcher. Similarly, you can make good money in less money through sip i.e. Systematic Investment Plan.
A sip plan calculator work on the following formula.
FV =P [ (1+i)^n-1 ] * (1+i) / i
In the above formula
|FV||Future Value or the amount you receive upon maturity .|
|P||SIP Amount or Amount you invest through SIP.|
|i||Compounded rate of return.|
|n||Investment duration in months.|
Example suppose an investor wants to invest Rs . 5,000 every month . The tenure of investment is 12 months and he expects an annual rate of return of 12 % .
And now with the help of this SIP calculator formula we calculate.
then the monthly rate of return will be 12 % / 12.
= 1 / 100
FV = 5,000 [ (1+0.01)^ 12-1 ] *(1+0.01) / 0.01
Which gives Rs 64,047 Rs approximately in a year.
It is very easy to use the SIP calculator. I have given some steps below, with the help of these steps you can calculate SIP very easily.
With the help of these steps, you can easily calculate your SIP investment, that too for free.
Some of the features of the Sip Calculator tool are as follows: