What is The Benefit of SIP Calculator?

A SIP calculator is a useful tool for investors looking to understand the potential returns from their systematic investment plans. Here are some key benefits:

• Future Value Estimation: It helps estimate the future value of your investments based on your monthly contributions, investment duration, and expected rate of return.
• Goal Planning: By inputting different amounts and durations, you can assess how much you need to invest monthly to achieve specific financial goals, like retirement or buying a home.
• Comparison: You can compare various investment scenarios by adjusting inputs, thus aiding in better decision-making.
• Simplicity: The calculator simplifies complex calculations, allowing even novice investors to gauge their investment potential easily.

For example, if you plan to invest ₹10,000 monthly in mutual funds for 10 years at a 12% return, the SIP calculator can show you the estimated corpus at the end.