A Systematic Investment Plan (SIP) is a mode of investment and a counterpart of the lump-sum method of investment. SIP investment is usually done weekly, monthly, or quarterly. To get an idea of the returns from SIP investment, users can take the help of a SIP returns calculator.
SIP return calculator is a simple tool that helps users to measure the returns made through SIP investments. The calculator helps to give a return estimate to investors. NOTE that the actual returns may vary from the expected returns.
It is very simple to use the SIP return calculator.
Step 1: Enter the SIP amount
Step 2: Enter the number of years you wish to stay invested.
Step 3: Enter the expected return rate
Step 4: You will get the estimated amount you can avail.
Hence you can use the calculator to find the mutual fund returns for 10 years.
The advantages of the SIP return calculator are as follows: