What is SIP Calculator & How to use SIP Calculator?

Systematic Investment Plan (SIP) is an orderly method, to contribute in mutual funds wherein, you have to contribute a fixed sum on a periodical premise, through which you'll be able to calculate the price of your investment at the time when it gets matured, through ‘mutual fund SIP calculator.’ You'll be able to manually select your SIP amount, duration and therefore the occurrence of investment from a daily basis, weekly, monthly etc. The SIP returns calculator, assists you to get the amount of units you'd collect, investment value at the conclusion of the SIP tenure, returns earned (absolute and annualized) as compared to the benchmark record of the scheme you've got invested in. SIP calculator gives you the advantage of compounding and rupee cost averaging.

SIP investments in mutual funds became one in every of the foremost popular investment options for millennials lately.

This calculator will calculate the wealth gain and expected returns for your monthly SIP investment. Indeed, you get a rough estimate on the maturity amount for any of your monthly SIP.

Few of the advantages of SIP calculators include:

• Assists you to work out the quantity you would like to speculate in
• Tells you the whole amount you've got invested
• Gives an estimated value of the returns