What is SIP ?
SIP full form is Systematic Investment Plan. SIP is a simple systematic way to invest your money regularly (usually monthly) in a mutual fund scheme. It helps to create an investment discipline for building long-term wealth.
SIP is considered the best option to invest in a mutual fund scheme compare to lumpsum investment because to start SIP, first, you don't need a big amount, second, you can start SIP in a mutual fund at any point in time, you don't need to time the market.
Advantages of SIP ?
- SIP allows an investor to invest their small saving (₹500, ₹1000) into a mutual fund every month
- SIP helps an investor to average out the cost of purchasing mutual fund units over a period of time
- SIP helps an investor to build the habit of investing money regularly
- SIP does not require any special time in the market, it is suitable for any time
How does this SIP Calculator work ?
Our SIP Calculator takes three input parameters (SIP amount, expected return rate & years) from the user and provides the estimated final accumulated amount of SIP year by year.