SBI SIP Calculator

To calculate the estimated final returns for a given mutual fund, you will have to use the following formula:

M = P × ({[1 + i]^n – 1} / i) × (1 + i)

Where,

‘M’ is the maturity amount of the SIP

‘P’ is the investment amount

‘i’ is the compounded rate of return (annual rate of return divided by 12)

‘n’ is the investment duration (in months)

Here are some benefits you could enjoy when using the SBI SIP calculator: 

• Improved Decision-making
  
  

With the calculator, you can estimate the returns that different mutual fund schemes offer and choose the ideal option. This tool helps you compare options based on the amount you need to contribute to achieve your investment goals.

• Convenient Process of Utilisation
  
  

Since this is an online tool, it lets you determine the SIP amount for different schemes from the comfort of your home. You only need to enter some basic investment details to calculate the returns.  

• Free Access 
  
  

You can access this online tool for free without any restrictions. This is particularly helpful as it helps to compare various funds and find suitable options.  

When investing in a mutual fund through the SIP route, you must assess the expected returns. To find out this information, you can use the SBI SIP Calculator to help you determine how much you would need to invest to achieve your goals. 

To simplify the process of investing, you can also compare different SIP options on Bajaj Markets and choose one that suits you best.