What is an SIP Calculator?
A SIP (Systematic Investment Plan) Calculator is a simple online tool that helps you calculate the returns on your mutual fund investments made through SIP. By entering your monthly investment amount, the expected rate of return, and the time period, you can estimate the future value of your investments.
How does SIP work?
SIP works on the principle of regular investing. Instead of investing a large lump sum amount at once, you invest smaller fixed amounts at regular intervals (usually monthly). This helps in rupee cost averaging and brings discipline to your investing habits.
Benefits of using a SIP Calculator
- Assists in Financial Planning: Helps you determine how much you need to invest to reach your financial goals.
- Quick & Accurate: Provides instant results based on the inputs provided, eliminating manual calculation errors.
- Comparability: You can experiment with different amounts and tenures to see what works best for you.
Start tracking your actual portfolio performance today.
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