Calculate maturity value of your SIP (Systematic Investment Plan) using this simple no nonsense SIP Calculator. Please read my article on SIP.
Systematic Investment Plan (SIP) is a way of investing in mutual funds. Using SIP, you can invest small amount as per your chosen frequency into any selected mutual fund of your choice. Monthly SIP is most common and popular as many people invest small amount post getting their salary. You can start with as low as Rs 500/ per month. For retail investors like us, SIP offers a simple way to invest. Once you set up an SIP, money goes from your account into mutual fund automatically on pre decided date. So it is very convenient. With SIP, you can achieve large maturity amount.
You should try with small amount per month and long duration like 15 or 20 years. You will see magic of power of compounding if you keep duration long. Try calculator with different SIP amount and different duration. Keep expected rate of return realistic.
This calculator intend to help you calculate likely maturity value for your monthly SIP investment. You get a rough estimate on the maturity amount for monthly SIP, based on a projected annual return rate. Hope this will help you in planning for a goal.
All effort is made to have calculation correct. But please note purpose of calculation is just to give you rough idea. Mutual Fund Investments are subject to market risk and returns are not guaranteed in ANY mutual fund. So actual amount can be different. You should do your own research or consult a financial advisor before taking any decision.
If you see any error in calculation, please contact me with suggestions and recommendations.
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