M – stands for the amount you receive upon maturity.
P – is the amount you invest at regular intervals.
N – stands for the number of payments you have made.
I – is the periodic rate of interest.
Assume you want to invest Rs. 2,000 per month for a period of 12 months at a 12 percent annual rate.
The monthly rate of return will thus be 12% (12 = 1/100=0.01)
As a result, M= 2,000 (2 + 0.01) ([2+0.01]12 – 2 / 0.01)
In a year, this amounts to around Rs 25,619/-
The interest rate on a SIP will fluctuate depending on market conditions. It may rise or fall, causing the expected returns to vary. You can also calculate your child’s education expenses and do start investing using an education calculator.
With a few clicks, you may use Imperial Money’s SIP amount calculator.
Simply enter the monthly investment amount (the amount for which the sip was established), the number of years you want to keep invested, and the estimated rate of return.
As soon as you enter the figure click calculate and the calculator will calculate the projected amount you will be able to withdraw once your investment period has ended.
The following are some of the benefits of using Imperial Money’s systematic investment plan calculator.
Imperial Money gives the best SIP calculator, which has the following benefits:
A sip calculator ensures that your savings portfolio is built according to your needs and plan.
A company with high customer satisfaction rate since mid 2011, Imperial Money had engaged in providing comprehensive Financial distribution services to individuals.
Imperial Money Pvt. Ltd. makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Unless otherwise specified, all returns, expense ratio, NAV, etc are historical and for illustrative purposes only. Future will vary greatly and depends on personal and market circumstances. The information provided by our blog is educational only and is not investment or tax advice.
Mutual fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance of the schemes is neither an indicator nor a guarantee of future performance. Terms and conditions of the website/app are applicable. Privacy policy of the website is applicable.
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