Systematic Investment Plan (SIP) is a discipline that enables setting aside a set amount of money every month to invest in mutual funds. Moreover SIPs are a convenient form of investment as they require you to set up the SIP just once and relax.
This calculator helps you to identify the monthly investment required to reach your financial goals, at the annual expected /assumed rate of returns (as specified by the user / investor) over the pre-specified time periods.
The user of the calculator has to specify two input variables, namely:
Any changes made to the financial goal amount or the assumed Annual rate of returns or both would result in a different amount required to be invested monthly, to reach the financial goal.
To use the SIP planner:
Based on these parameters you will clearly see the monthly installments you will need to meet your expectations over the last:
The SIP planner lets you see that a financial goal of र25 lakhs at an expected rate of interest of 8% requires a monthly installment of:
Investor is advised to consult their financial advisor before making investments in the units of mutual funds. For more information or assistance click here
Haven't you started your systematic investment Yet? Start SIP" click here
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Disclaimer : The calculator is based on assumed rate of returns and is meant for illustration purposes only. It is neither an investment advice nor should it be construed as indicative of any of the schemes of ICICI Prudential Mutual Fund. One should seek advice from their financial advisor before making any investments. ICICI Prudential Mutual Fund shall not be responsible/liable for any decision taken on the basis of this calculator.