📊 SIP Calculator

📘 What is a SIP Calculator?

A SIP (Systematic Investment Plan) calculator is a simple online tool that estimates returns from mutual fund investments made regularly. It's especially popular among millennials for building long-term wealth through small, disciplined investments.

💡 How can it help?

• Helps you determine how much to invest to meet goals
• Shows total invested amount and expected maturity
• Encourages financial discipline and habit of saving

🧠 How does it work?

The calculator uses the compound interest formula:

M = P × ((1 + i)n – 1) / i × (1 + i)

Where:

• M = Maturity amount
• P = Monthly investment
• n = Number of payments
• i = Monthly interest rate (annual rate ÷ 12 ÷ 100)

📈 Example:

Invest ₹1,000/month for 12 months at 12% annual rate:
Monthly rate = 12% / 12 = 1% = 0.01
Maturity ≈ ₹12,809

⚠️ *Note: Actual returns vary with market conditions, exit loads, and expense ratios.*