SIP calculator
What a monthly SIP could grow to at the return you expect, with an optional step-up each year. ₹10,000 a month for 10 years at 12% a year comes to about ₹23,23,391, of which ₹12,00,000 is what you put in.
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Your figures
Optional. 10% turns ₹10,000 a month into ₹11,000 in the second year.
Results
Estimated value
₹23,23,391
about ₹23.23 lakh
- Amount invested
- ₹12,00,000
- Estimated returns
- ₹11,23,391
With the step-up, your SIP in the last year is ₹10,000 a month.
Fix the figure marked above, and the results will follow.
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How it grows
- Invested
- Estimated returns
Year by year
| Year | Monthly SIP | Invested this year | Total invested | Estimated returns | Value at year end |
|---|---|---|---|---|---|
| 1 | ₹10,000 | ₹1,20,000 | ₹1,20,000 | ₹8,093 | ₹1,28,093 |
| 2 | ₹10,000 | ₹1,20,000 | ₹2,40,000 | ₹32,432 | ₹2,72,432 |
| 3 | ₹10,000 | ₹1,20,000 | ₹3,60,000 | ₹75,076 | ₹4,35,076 |
| 4 | ₹10,000 | ₹1,20,000 | ₹4,80,000 | ₹1,38,348 | ₹6,18,348 |
| 5 | ₹10,000 | ₹1,20,000 | ₹6,00,000 | ₹2,24,864 | ₹8,24,864 |
| 6 | ₹10,000 | ₹1,20,000 | ₹7,20,000 | ₹3,37,570 | ₹10,57,570 |
| 7 | ₹10,000 | ₹1,20,000 | ₹8,40,000 | ₹4,79,790 | ₹13,19,790 |
| 8 | ₹10,000 | ₹1,20,000 | ₹9,60,000 | ₹6,55,266 | ₹16,15,266 |
| 9 | ₹10,000 | ₹1,20,000 | ₹10,80,000 | ₹8,68,215 | ₹19,48,215 |
| 10 | ₹10,000 | ₹1,20,000 | ₹12,00,000 | ₹11,23,391 | ₹23,23,391 |
How this is calculated
Each instalment is invested at the start of the month and grows every month at the yearly return ÷ 12, compounded monthly. With the same SIP every month:
Value = P × ((1 + i)^n − 1) ÷ i × (1 + i)
where P is the monthly SIP, i is the monthly rate (the yearly return ÷ 12 ÷ 100) and n is the number of months. The last × (1 + i) is there because each instalment is paid at the start of its month, so it earns that month’s return too.
- Step-up: the SIP rises by your percentage once a year, after every 12 instalments, and the value is worked out month by month.
- A steady return is assumed. Real funds rise and fall, and the order of good and bad years matters. Use the result as a rough guide, not a promise.
- Not included: the fund’s expense ratio (already taken out of a fund’s reported returns), exit loads, stamp duty and tax on gains.
- Other SIP calculators may use a slightly different monthly rate, such as (1 + yearly return)^(1/12) − 1, which gives a little less. Either way, the return you expect matters far more.
Questions
What return should I expect?
Nobody knows. Past returns vary widely by fund and by period, and equity funds can fall for years at a time. Try a few rates, a cautious one and a hopeful one, and plan with the cautious one.
What is a step-up SIP?
A SIP that grows each year, usually as your salary does. Raising ₹10,000 a month by 10% a year means ₹11,000 a month in the second year and ₹12,100 in the third. Over long periods, a step-up adds a lot, because the bigger instalments have years to grow.
Why is my fund’s XIRR different?
Your fund statement shows XIRR, the return on your actual dates and amounts, after the fund’s costs. This calculator uses one steady return you choose. If you put your XIRR in as the return, the value should come out close to your statement’s.
Is SIP better than a lumpsum?
A SIP spreads your buying over time, so you buy more units when prices are low and fewer when they’re high. A lumpsum invested at once has more time in the market. If you have the money now, compare both with the lumpsum calculator.
Keep track of your SIPs in Quilleaf
Quilleaf is a free app for Android that keeps your money ledger on your phone, with no sign-up. It keeps FDs, RDs, SIPs, lumpsum mutual funds, stocks, PPF and more, with what you put in and what they’re worth.
- Installments due for your SIPs and RDs, with Mark paid, and a list of what’s Maturing soon.
- For funds and stocks, type in the value from your broker or fund app, and see your returns.
More calculators
Lumpsum calculator
What a one-time investment could grow to at a yearly return.
CAGR calculator
The yearly growth rate between a starting and an ending value.
Inflation calculator
What today’s cost becomes after inflation, and what money will be worth.
PPF calculator
Public Provident Fund balance at maturity, year by year, at the rate you set.
These figures are estimates to help you plan, not financial advice. Banks, lenders and fund houses round and time things their own way, and rates change: check with them before you decide.