Q: What is a SIP Calculator?


A: SIP (Systematic Investment Plan) Calculator is a tool that helps investors calculate the maturity amount of their investments made through SIP in mutual funds. It allows investors to estimate the future value of their investments based on the parameters they input, such as the investment amount, frequency, and duration.


Q: How to use a SIP Calculator?

A: To use a SIP Calculator, follow these steps:



Choose the mutual fund scheme you want to invest in

Input the investment amount you want to invest in the scheme

Input the number of years you want to invest for

Input the expected rate of return

Clickon the calculate button to get the estimated maturity amount



Q: What parameters can be entered in a SIP Calculator?

A: The parameters that can be entered in a SIP Calculator include:



Investment amount: The amount that you want to invest in a mutual fund scheme through SIP

Frequency: The frequency of your SIP investments (monthly, quarterly, etc.)

Duration: The number of years you want to invest for

Expected rate of return: The estimated rate of return on your investment



Q: What are the benefits of using a SIP Calculator?

A: Some benefits of using a SIP Calculator include:



Helps in estimating the future value of your investment

Allows you to plan your investments better

Helps in comparing different mutual fund schemes

Helps in understanding the power of compounding

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