About Systematic Investment Plan (SIP) Calculator
A SIP (Systematic Investment Plan) calculator is a tool used to estimate the returns on a fund investment made through a systematic investment plan.
SIP is a type of investment option where a fixed amount of money is invested into a fund at regular intervals, rather than as a lump sum.
The SIP calculator typically requires inputs such as the investment amount, the frequency of investment, the expected rate of return, and the length of the investment. The calculator then uses this information to estimate the potential returns from the investment made through a SIP.
The SIP calculator can be a useful tool for individuals to estimate the returns on their fund investments, plan their finances, and make informed investment decisions.
Systematic Investment Plan (SIP) Calculation
Formula for Systematic Investment Calculation:
FV = P × ((1 + I)N - 1) / I) × (1 + I)
FV: Future value,
P: Amount invested at the start of every payment interval,
I: Periodic interest rate,
N: Number of payments,