Free tool
SIP calculator
See what a monthly investment grows to over time — or start from the amount you need and work backwards to the monthly figure. Both directions, one calculator.
You would have
₹23,23,391
You put in
₹12,00,000
Growth
₹11,23,391
94% on top of what you invested
Assumes instalments at the start of each month and a steady return, which real markets are not. Treat it as the shape of the outcome, not a forecast.
Estimates for planning only, not financial advice. Lenders may round figures slightly differently.
How a SIP is calculated
A SIP is a series of equal monthly investments, each of which then grows for however long is left. The standard formula treats the instalment as paid at the start of the month, which is what a mandate does:
FV = P × [((1 + i)n − 1) ÷ i] × (1 + i)
P is the monthly amount, i the monthly return (the annual rate ÷ 12 ÷ 100) and n the number of instalments.
₹10,000 a month at 12% for 10 years comes to ₹23,23,391. You would have put in ₹12,00,000 of that — the remaining ₹11,23,391 is growth, and almost all of it arrives in the later years.
Starting from the amount you need
The more useful question is usually the other way round. To reach ₹10,00,000 in five years at 12%, you would invest ₹12,123 a month — around ₹7,27,393 of your own money, with growth covering the rest.
Switch the calculator above to the second mode for your own numbers. If the goal has a date rather than a number of years, the goal savings calculator takes the date directly and accounts for what you have already put aside.
What the number does not tell you
A steady 12% is an assumption, not a promise. Real returns arrive unevenly — a few very good years, some flat ones, the occasional bad one — and the final figure depends heavily on what happens near the end, when the balance is largest.
Two things are worth more than picking the perfect rate: starting earlier, and not stopping. Compare the two by running a longer period at a lower return.
Questions people ask
What return should I assume?
There is no correct answer. Many people model equity funds at 10-12% and debt at 6-7% over long periods, then check the plan still works at lower figures. Assuming less and being pleasantly surprised is the safer error.
Does this account for inflation?
No. The result is in today's rupees at future value. If the goal is decades away, add a few percent to the target to keep its buying power, or model the return net of inflation.
Is this calculation different from a lump sum?
Yes. Each instalment compounds for a different length of time, which is why a SIP's total is far less than a lump sum invested at the start for the same total amount.
Does it include taxes or exit loads?
No. Capital gains tax and any exit load reduce what you actually receive, and both depend on the fund and how long you hold it.
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