A Systematic Investment Plan is a popular liquid investment plan that is popularly known as SIP.
SIP is designed to invest in mutual funds in a consistent and disciplined manner
Nowadays SIP is offered by all the Financial institutions in India you do not need to get a SIP calculator for every Institution Like-
SBI SIP Calculator:
If you want to check returns on SBI SIP then you can use this calculator you just need the expected rate of return.
Because the return rate is different for every plan offered by institution
You can check the history of the mutual fund where you want to invest There you will get the exact date of ROI
PNB SIP Calculator
There are various plans offered by PNB bank
If you want to invest in PNB SIP then check the return data of PNB SIP and fill in the calculator
HSBC SIP Calculator
Check the return of SIP offered by HSBC SIP
Fill all the data like –
Monthly Investment
Return Percentage
Term
And your calculation will be ready
Importance of SIP Calculator
Calculators help in our financial planning. You can know the expected return on investment according to what you invest in SIP
You do not need to disrupt your monthly budget
You can plan your investment without disturbing your present need
How it Works:
This is simply a formula-based calculator. It follows the rule of bank
The formula to determine SIP returns is as follows:
M = P × [{(1+r)n – 1} / r]
Where:
M = Maturity amount P = Monthly investment amount r = Rate of interest (monthly) n = Investment period (in months)
This formula calculates the maturity amount you can expect from your SIP investment based on the investment amount, investment period, and expected rate of return.
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