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SIP Calculator – Systematic Investment Plan Calculator
What is a SIP calculator?
There are two ways to invest in mutual funds: SIP (Systemic Investment Plan) and lump sum. The former is the more popular method of investing in mutual funds, as it does not require a large capital to begin with. You can start your journey with ₹100 as well. Read More
If you’ve decided you want to participate in mutual fund investments, you can use a SIP calculator. A SIP calculator is a financial tool that tells you the returns your SIP will yield over time. Our online SIP calculator splits your estimated investments and returns, giving you a clear picture of your SIP returns and SIP interest rate. Note, however, that the returns promised by the SIP planner are only an estimate and might vary from the actual returns of your mutual fund investments.Read Less
What are the benefits of using a SIP calculator?
IDFC FIRST Bank’s online SIP calculator is an indispensable financial tool for your mutual fund investments. Here is how it helps you:
The SIP investment calculator assists in long-term financial planning.
The calculator can give you a rough estimate of your SIP returns, which you can use to improve your investment portfolio.
The monthly SIP calculator saves time, that would otherwise go into manually calculating your SIP returns
How can SIP calculator help plan your finances?
A SIP return calculator can help you:
• Plan for future expenses by factoring in the exact SIP amount you are comfortable investing.
• Compute your accumulated amount at the end of the investment term.
• Input an expected rate of return to know the amount you must invest monthly to reach your target.
• Know what to expect from the investment in terms of returns.
How to invest in SIP?
Here’s how you can start investing through SIPs:
• Use the IDFC FIRST Bank SIP calculator to compute the amount you must pay monthly to meet a financial goal
• Choose your preferred mutual fund
• Decide the duration of the SIP
• Choose a preferred option of investment – growth or dividend
• Stay committed to your investments
How to use the SIP calculator?
• Enter the amount you wish to invest per month in a mutual fund.
• Select the tenure of investment in years depending on your financial goals. Generally, the longer you stay invested, the greater the returns.
• Enter the estimated percentage of returns or the rate of interest you expect from your mutual fund.
• The value generated by the SIP calculator is the final amount you will accumulate by the end of your investment tenure.
How can SIP calculator help plan your finances?
How can SIP calculator help plan your finances?
A SIP return calculator can help you:
• Plan for future expenses by factoring in the exact SIP amount you are comfortable investing.
• Compute your accumulated amount at the end of the investment term.
• Input an expected rate of return to know the amount you must invest monthly to reach your target.
• Know what to expect from the investment in terms of returns.
How to invest in SIP?
How to invest in SIP?
Here’s how you can start investing through SIPs:
• Use the IDFC FIRST Bank SIP calculator to compute the amount you must pay monthly to meet a financial goal
• Choose your preferred mutual fund
• Decide the duration of the SIP
• Choose a preferred option of investment – growth or dividend
• Stay committed to your investments
How to use the SIP calculator?
How to use the SIP calculator?
• Enter the amount you wish to invest per month in a mutual fund.
• Select the tenure of investment in years depending on your financial goals. Generally, the longer you stay invested, the greater the returns.
• Enter the estimated percentage of returns or the rate of interest you expect from your mutual fund.
• The value generated by the SIP calculator is the final amount you will accumulate by the end of your investment tenure.
How does a SIP calculator or SIP Planner work?
Our SIP calculator is based on the principle of compounding (or compound interest). Unlike simple interest, compound interest earns interest on both the principle amount as well as the interest earned on the amount in previous years.
Using this principle with some details, such as periodic investments, duration of investment, and expected return, the SIP investment calculator estimates the maturity amount of your mutual fund investments.
The SIP calculator uses the following formula:
M = P × ({[1 + i] n – 1}/i) × (1 + i).
Where M stands for the amount you receive upon maturity; P represents the amount you invest at regular intervals; n is the number of payments you have made; and i is the periodic rate of interest.
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SIP Calculator FAQs
Which one is better: SIP or a lump sum?
SIP and lump sum are both great ways to invest in a mutual fund scheme. However, an SIP is a better option if you have a monthly source of income and have a low-risk tolerance. Lump sum, meanwhile, makes more sense for high-risk investors who have ready capital.
What are the types of SIP?
Choosing the right type of SIP helps you maximize your returns without affecting your monthly budget. Here are the four different types of SIP available today.
- Top-up SIP
In Top-up SIPs, you can consistently increase your monthly investment amount. You get to decide the rate at which the amount increases. - Flexible SIP
Flexible SIPs allow you to increase or reduce your SIP amount. - Perpetual SIP
Unlike the other types of SIPs, perpetual SIPs do not come with an end date. You can keep investing for as long as you want. - Trigger SIP
Trigger SIPs are better for people who know the securities market. In Trigger SIPs, you start investing when the index hits a certain level, or when the NAV rises or falls.
What is the return rate in SIP?
The SIP interest rate varies depending on the mutual fund scheme. High-risk equity schemes earn more, while long-term debt-based mutual fund schemes earn less.
How is the SIP maturity amount calculated?
The final maturity amount is calculated by the SIP calculator using the formula:
M = P × ({[1 + i] n – 1}/i) × (1 + i).
Where M stands for the amount you receive upon maturity; P represents the amount you invest at regular intervals; n is the number of payments you have made; i is the periodic rate of interest.
For instance, let us say you invest ₹5,000 a month in a mutual fund scheme using the SIP route. You’ve invested the money for 10 years and are expecting returns of 10% per year. When you enter these figures in the formula, M, which is the final maturity amount, comes out to be ₹10,32,760. So, the return of your investment comes out to be ₹4,32,760.
Can you lose money in SIP?
Mutual fund investments are subject to market risks. The money is used for buying securities, which can increase or decrease at any time. So, yes, you can lose money in SIPs.
Can you modify your SIP amount?
Yes, you can modify your SIP amount. Flexibility is one of the great things about mutual fund investments. You can increase or reduce your SIP amount in a mutual fund scheme if you feel it isn’t giving you the best returns.
Can you renew a SIP?
Yes, you can renew your SIPs when needed.
How does SIP work?
A Systematic Investment Plan (SIP) functions on the principle of regular investments. With an SIP, you invest regular amounts in a fund of your choice. Over time, returns on your investments help you create wealth.
SIPs offer the freedom to choose your investment amount, increase or decrease your SIP amount, and withdraw your corpus whenever you need. However, note that certain mutual funds like Equity Linked Savings Scheme (ELSS) come with a lock-in period.
How much can I invest in SIP?
There is no limit to the amount you can invest per month via SIP with IDFC FIRST Bank. You can start from just ₹500.
Can I renew a SIP?
Yes, you can renew your SIP at the end of an investment period.
Can I withdraw money in SIP?
Yes, you can withdraw money from your SIP whenever you need it, subject to applicable charges and exit load. Redeeming an amount from your SIP is an easy process through IDFC FIRST Bank’s mobile banking app.
However, note that SIP investments in certain mutual funds are subject to a lock-in period. For instance, SIP investments in Equity Linked Savings Scheme (ELSS) are locked in for three years.
