Systematic Investment Plan or SIP Calculator is a calculator that helps you better plan your investments in mutual funds. The SIP return calculator lets users plan regular investments, be it weekly, quarterly, monthly, or any other time frame, based on their financial goals.
One of the main selling points of a SIP calculator is its ease of use. There is a specific formula that works while using a SIP calculator –
M = P* ({[1+i]n-1}/i)* (1+i)
While the formula looks complicated to the naked eye, it is effortless to input it once you understand the specific terms –
Just inputting the following values in a SIP calculator will give you information about expected returns, allowing investors to get an idea of their mutual funds and values.
A SIP calculator can help you in many ways –
A SIP returns calculator works on a simple formula
M = P* ({[1+i]n-1}/i)* (1+i)
Where M is the amount received upon maturity, P is the investment amount, N is the number of payments, and I is the interest rate.
There are many advantages to the SIP Calculator –