Calculate returns for SIP investments to achieve your financial goals.
| Year | Opening Balance (₹) | Investment (₹) | Interest get monthly (₹) | Principal get monthly (₹) | Closing Balance (₹) |
|---|---|---|---|---|---|
| 2022 | 500 | 1,500 | 10 | 1,510 | 1,510 |
| 2023 | 1,510 | 6,000 | 193 | 6,193 | 7,703 |
| 2024 | 7,703 | 6,000 | 445 | 6,445 | 14,149 |
| 2025 | 14,149 | 6,000 | 708 | 6,708 | 20,857 |
| 2026 | 20,857 | 6,000 | 983 | 6,983 | 27,838 |
| 2027 | 27,838 | 4,500 | 918 | 5,418 | 33,260 |
Formula for Systematic Investment Calculation:
FV = P × ((1 + I)N - 1) / I) × (1 + I)
Where,
FV: Future value,
P: Amount invested at the start of every payment interval,
I: Periodic interest rate,
N: Number of payments,