SIP CALCULATOR

Steps to use SIP Calculator for Target Amount

• Start by choosing your investment amount, ranging from Re 1 to Rs 1 crore
• Next, choose the type of investment - monthly SIP, quarterly or at once (a lump sum amount)
• Next, choose the investment tenure that ranges from 1 to 50 years
• Select the rate of interest that could range from 1% to 100% of your investment
• ICICI Bank’s SIP Calculator will give you results based on your inputs. You will get an estimate for your total amount of investment, returns and total wealth accumulation.

Steps to use SIP Calculator for current investment amount

• Choose your investment amount according to your financial capacity, with options ranging from Re 1 to Rs 1 crore
• Decide whether you want to invest through monthly SIPs, quarterly payments or a lump sum amount, as per your convenience and financial goals
• Choose a tenure that aligns with your investment objectives, with options ranging from 1 to 50 years
• Customise your investment by selecting an interest rate that suits your risk appetite and financial expectations, with choices ranging from 1% to 100% ROI
• Use ICICI Bank’s SIP Return Calculator to get accurate estimates for your total investment, projected returns and accumulated wealth.

An SIP Calculator acts like a financial guide. It takes the investment details - how much the investors are putting in regularly, for how long and the expected returns. It will then give the investors a glimpse into their financial future.

To use a SIP calculator online, you'll need a few key details:

• Investment amount: The initial amount you plan to invest
• SIP frequency: How often you'll make contributions (e.g., monthly)
• Expected return rate: The anticipated annual growth rate of your investment
• Investment tenure: The duration for which you plan to invest.

Once you input these details, the calculator will estimate your future earnings through Systematic Investment Planning.

SIP interest rates in India are majorly affected by market conditions, for example, how well the SIP mutual fund is performing in the current market. However, there are more factors which lead to fluctuations including interest rates, global financial events, and government regulations. Keeping in mind the various factors can help with SIP investments. 

The maximum tenure for an SIP generally ranges from 5 to 10 years. However, some Mutual Fund (MF) schemes may offer longer tenures depending on their investment objectives and policies. Longer tenures allow for the potential of compounding returns, offering investors the opportunity to accumulate wealth over time.