SIP Calculator
A simple calculator to help you plan your monthly investments through SIP.
What is an SIP Calculator?
SIP calculator is an easy-to-use tool that helps in two ways.
- Figure out how much you should invest monthly to reach a certain value in future.
- Calculate how much your monthly investment will accumulate at a future date.
How does an SIP calculator work?
A SIP calculator works by taking three key inputs: your investment amount, investment duration, and your expected rate of return.
With these, it applies the compound interest formula to estimate your potential returns and the total value of your investment at maturity.
Formula of SIP calculator:
Formula:
T = P × ({[1 + r]^n – 1} / i) × (1 + r)
Where:
- T = Maturity amount (the total value of your investment at the end)
- P = SIP amount (the fixed amount you invest)
- n = Total number of SIP payments
- r = Rate of interest per period
How do I start an SIP in JioBlackRock Mutual Fund schemes?
- Login to your account on the website or app
- Select the JioBlackRock mutual fund scheme of your choice
- Choose your preferred investment amount and frequency (monthly, weekly, etc.)
- Confirm the details of your transaction
- Select your bank account, set up the mandate for registering your SIP, and authenticate
- Your SIP is all set to start as per the frequency you selected
FAQs
Disclaimer for SIP calculator: The calculator alone is not sufficient and shouldn't be used for the development or implementation of an investment strategy. This tool is created to explain basic financial / investment related concepts to investors. The tool is created for helping the investor take an informed decision and is not an investment process in itself. Mutual Fund does not provide guaranteed returns. Investors are advised to seek professional advice from financial, tax and legal advisor before taking any investment related decisions. Past performance may or may not be sustained in future and is not a guarantee of any future returns. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.