The SIP (Systematic Investment Plan) calculator is a helpful tool for everyone willing to get an estimate of potential returns from mutual funds. However, the actual estimated amount varies on different factors.
Beginners can calculate to understand the potential growth of their mutual fund investment. Whereas, long-term planners can also estimate how much to invest to reach their specific targets like retirement or education expenses.
You need to input the fixed amount you’re planning to invest each month.
The duration for which you intend to invest, usually in years.
Now, you’ve to enter the duration of time you’re willing to invest, generally it’s entered in years.
Here, you’ve to input the estimate of how much investment you’re expecting to grow annually.