By investing through SIP, you spread your investments over a period of time calculate cost of goods sold and average out the ups and downs in the market. Yes, you can stop your SIP anytime and withdraw the invested amount – either in part or all of it. The only exception is tax saving funds like ELSS which comes with a lock-in period of three years from the date of investment. In ELSS, you will be able to withdraw your invested amount only after three years from the date of investment. The automation makes sure your investment grows as opposed to lump sum where you may forget to invest sometime. The small amount you invest daily grows up to a large corpus due as a sum of your contribution and the returns compounded over the years.

How to use ET Money’s SIP Calculator?

The mutual fund SIP calculator estimates potential return using the compound interest formula. The calculator takes into account the number of times compounding is applicable and estimates the potential returns. Furthermore, the SIP calculator requires one to enter the monthly amount they want to invest, the duration of the investment (in years) and the expected rate of return on the SIP. Equity mutual funds attract short term capital gains if the investment holding period is less than one year.

With SIP since the money gets auto-deducted from your account and goes to your mutual funds, you can sit back and relax. Further, unlike lump sum investments, it ensures that you are working actively towards making your investments grow because of the periodicity. Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP.

List of Best SIP Funds in India sorted by Returns

To set up a SIP account, you will have to first shortlist a mutual fund, complete the KYC procedure with the fund house or intermediary. Next, choose the SIP frequency, SIP amount and set up a bank mandate for regular payments (auto-debit). This is a disciplined way of investing, and you do not have to worry about timing the market.

1. One can estimate the potential returns on their SIPs at the end of their investment tenure with the help of our SIP calculator.
2. Systematic Investment Plan or SIP is a process of investing a fixed sum of money in mutual funds at regular intervals.
3. By investing through SIP, you spread your investments over a period of time and avoid the risk of investing all your money at a time when the market is at its all-time high.
4. A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their mutual fund investments made through SIP.
5. Scripbox’s SIP calculator provides two approaches to estimating the wealth and maturity amount, i.e. ‘Investment Amount’ and ‘Target Amount’.

Calculate the future value of your SIP investment

Investing ₹ 75,00,000 over 25 years might result in a future value of ₹ 2,66,58,223.00, assuming an annual interest rate of 9.00%. The total return on the investment would thus be ₹ 1,91,58,223.00. She is thinking about how she can invest money for retirement purposes. So, Jane decides to put money into a mutual fund product via a Systematic Investment Plan. If tax saving is not the priority, then Flexi Cap Funds quickbooks online accountant pricing can be considered.

The final value of the investment shown is before deduction of taxes and the investor may incur tax liability on the capital gains. The output provided by the calculator should not be considered as an investment advice, nor as indicative of the performance of any scheme(s) distributed by ICICI Bank. ICICI Bank shall not be responsible/liable for any investment decisions taken based on the output provided by the calculator. The illustration is based on various assumptions including (i) returns of the scheme(s), (ii) consistent market conditions, (iii) continuity of SIP (Systematic Investment Plan), etc. Any of the assumptions may or may not be true in all market conditions. Inflation rate considered, is basis the general market trends and historical data.

Accurate rate predictions are vital for setting realistic online customer credit application software investment goals and making informed financial decisions. SIP is a mode of investing in mutual funds and not an investment tool in itself. So you can start SIP in any of the mutual fund schemes that you want to invest in and the returns will depend on the performance of that mutual fund scheme. Thus, the LTCG benefit will no longer be available for debt mutual funds. Based on the type of mutual funds capital gains from SIPs attract long term and short term capital gains tax.