A SIP calculator helps you estimate the returns from periodic investments over a certain period, considering the expected rate of return.
Key formula for SIP calculation
The formula to calculate the maturity amount of SIP is: A=P×[(1+r)n−1]r×(1+r)A = P \times \frac{[(1 + r)^n – 1]}{r} \times (1 + r)A=P×r[(1+r)n−1]×(1+r)
Where
- A = Maturity amount
- P = SIP amount
- r = Monthly rate of interest (annual rate of interest divided by 12 and then by 100)
- n = Number of months
SIP Calculator
How it works
- SIP Amount: You input how much you want to invest monthly.
- Rate of Return: You input the expected annual rate of return.
- Investment Period: You enter how many years you plan to invest.
Key Features
- It calculates how much your investment will grow over time.
- Responsive and user-friendly.
- You can easily adjust the SIP amount, interest rate, or investment period.
Let me know if you’d like any modifications or additional features!