SIP Calculator
Estimate the future value of a monthly SIP for any expected return and duration.
Estimated total value
23.23 lakhAssumes each instalment is invested at the start of the month.
Year-wise growth
| Year | Invested | Returns | Value |
|---|---|---|---|
| 1 | ₹1,20,000 | ₹8,093 | ₹1,28,093 |
| 2 | ₹2,40,000 | ₹32,432 | ₹2,72,432 |
| 3 | ₹3,60,000 | ₹75,076 | ₹4,35,076 |
| 4 | ₹4,80,000 | ₹1,38,348 | ₹6,18,348 |
| 5 | ₹6,00,000 | ₹2,24,864 | ₹8,24,864 |
| 6 | ₹7,20,000 | ₹3,37,570 | ₹10,57,570 |
| 7 | ₹8,40,000 | ₹4,79,790 | ₹13,19,790 |
| 8 | ₹9,60,000 | ₹6,55,266 | ₹16,15,266 |
| 9 | ₹10,80,000 | ₹8,68,215 | ₹19,48,215 |
| 10 | ₹12,00,000 | ₹11,23,391 | ₹23,23,391 |
How it works
This calculator uses monthly compounding and assumes each instalment is invested at thestart of the month:
FV = P × [((1 + i)n − 1) ÷ i] × (1 + i)
- FV = estimated value at the end of the period
- P = monthly investment
- i = monthly rate = expected annual return ÷ 12 ÷ 100
- n = number of monthly instalments (years × 12, or the months you enter)
The bracket adds up the growth of every instalment. The final × (1 + i) gives each instalment one extra month of growth because it is invested at the start of the month. Calculators that assume end-of-month instalments leave out this factor, so their results are lower by exactly one month's growth. At 0% return, the value is simply P × n.
Worked example
You invest ₹5,000 a month for 15 years and expect10% a year.
- Monthly rate i = 10 ÷ 12 ÷ 100 ≈ 0.008333
- Instalments n = 15 × 12 = 180
- (1 + i)180 ≈ 4.45392
- FV = 5,000 × [(4.45392 − 1) ÷ 0.008333] × (1 + 0.008333) = ₹20,89,621.33 (20.9 lakh)
- Intermediate values are rounded for display; the result uses full precision.
- Invested = ₹5,000 × 180 = ₹9,00,000
- Estimated returns = ₹20,89,621 − ₹9,00,000 = ₹11,89,621
Frequently asked questions
What is a SIP?
A Systematic Investment Plan (SIP) lets you invest a fixed amount in a mutual fund at regular intervals, usually every month, instead of investing a large sum at once. Each instalment buys units at that day's NAV.
Does this calculator assume I invest at the start or the end of each month?
At the start. Each instalment earns returns for the whole month it is invested. Some calculators assume the end of the month instead, which gives a slightly lower result: for ₹10,000 a month at 12% for 10 years, start-of-month gives ₹23,23,391 and end-of-month gives ₹23,00,387. The difference is one month's growth on the whole amount.
Are SIP returns guaranteed?
No. Mutual fund returns depend on the market and change every day. This calculator assumes the same return every year, which real investments never deliver. Use the result as a rough planning estimate, not a promise.
What return rate should I enter?
Enter a rate you consider realistic for the type of fund. A fund's factsheet shows its past returns, but past performance may not be repeated. Try a few lower and higher rates to see a range of outcomes.
Does the result include expense ratio, exit load or tax?
Not separately. A fund's NAV is already reported after its expenses, so if you base your return rate on NAV returns, expenses are included. Exit loads and taxes on redemption are not included.
Is a SIP better than a lumpsum investment?
Neither is always better. A SIP spreads your purchases over time and suits regular income. A lumpsum invests everything at once, so it gains more if markets rise and loses more if they fall soon after. Compare both with the lumpsum calculator.
What happens if I miss a SIP instalment?
This calculator assumes every instalment is paid on time. A missed instalment means less money invested and a lower final value. Rules on missed instalments and cancellation depend on the fund house, so check with yours.