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Calculators

SIP Calculator

Estimate the future value of a monthly SIP at an assumed annual return, with optional annual step-up.

Enter a value between 0 and 100; the calculation uses the nearest allowed value.
Enter a value between 1 and 50; the calculation uses the nearest allowed value.
Enter a value between 0 and 100; the calculation uses the nearest allowed value.

Estimated value at the end

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Total invested
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Estimated gains
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Value / invested
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Invested Gains

Assumes a constant return compounded monthly, with each instalment invested at the start of the month. Real mutual fund returns vary and can be negative.

Formula

For monthly SIP P, monthly rate i = r/12 and n months (payments at the start of each month):

FV = P × [((1 + i)^n − 1) ÷ i] × (1 + i)

With a step-up, the monthly amount increases by the chosen percentage every 12 months.

Important

The return you enter is an assumption. Actual mutual fund returns vary and can be negative. See what is SIP.

Worked example

A ₹5,000 monthly SIP for 10 years at an assumed 12% a year means you invest ₹6,00,000 in total. Using the formula above, the estimated value is about ₹11,61,695, of which roughly ₹5,61,695 is estimated growth.

Now add a 10% annual step-up (₹5,000 in year 1, ₹5,500 in year 2 and so on). Total investment rises to about ₹9,56,245 and the estimated value to about ₹16,87,163. Stepping up as your income grows often matters more than finding a fund with a slightly higher return.

Choosing the inputs

  • Monthly SIP: the amount you can invest every month without stopping in a bad month. Consistency is what makes a SIP work.
  • Expected return: an assumption, not a promise. Try a conservative, a middle and an optimistic figure to see the range of outcomes.
  • Time period: the calculator accepts up to 50 years. The longer the period, the more the result depends on the return you assume.

What the result leaves out

The estimate uses a constant return, but real returns arrive unevenly and can be negative for years at a time. It also ignores the fund's expense ratio (already reflected in a fund's NAV), exit loads and tax on redemption. To measure the actual return on SIPs you have made, use XIRR from your consolidated account statement rather than this calculator.

Frequently asked questions

What return should I assume?

There is no correct number. Use a conservative assumption and try several scenarios; past returns do not guarantee future results.