What is an SIP Calculator?
A Systematic Investment Plan (SIP) calculator is an online tool that helps you estimate the maturity amount of your investments based on a fixed contribution, expected return rate, and investment duration.
It eliminates the complexity of manual calculations, making financial planning quick and convenient.
How Does the SIP Calculator Work?
A SIP plan calculator works on the following formula:
In this formula:
- M: The amount you receive upon maturity.
- P: The amount you invest at regular intervals.
- n: The number of payments you have made.
- i: The periodic rate of interest.
Simply input your monthly investment amount, expected annual return rate, and the investment duration to get instant results.
SIP Calculation Example
Investing ₹5,000 monthly in a SIP for 10 years at an annual return of 12% yields the following result:
M = P × ((1 + i)n - 1) / i × (1 + i)
- Monthly SIP (P): ₹5,000
- Annual Interest Rate: 12%
- Monthly Interest Rate (i): 12% ÷ 12 = 0.01
- Investment Duration (n): 10 years × 12 = 120 months
Step-by-Step Calculation:
- Calculate (1 + i)n: (1 + 0.01)120 ≈ 3.3004
- Subtract 1: 3.3004 - 1 = 2.3004
- Divide by i: 2.3004 ÷ 0.01 = 230.04
- Multiply by (1 + i): 230.04 × 1.01 = 232.34
- Multiply by P: ₹5,000 × 232.34 = ₹11,61,695
After 10 years of investing ₹5,000 monthly, the maturity amount will be ₹11,61,695.