SIP Calculator

FV = P × ((1 + i)^n − 1) ÷ i × (1 + i). P is the monthly instalment, i is the monthly rate — the annual return divided by 12 and by 100 — and n is the number of months. For ₹10,000 a month at 12% a year over 15 years, i is 0.0100000, n is 180, (1 + i)^n is 5.9958, and the estimated value works out to ₹50,45,760. The formula assumes the same return every month and instalments paid at the start of each month.

Mostly the instalment timing. This calculator counts each instalment from the start of its month — the convention Groww, ET Money and ClearTax use — which adds one month of growth to every instalment. A calculator that counts instalments from the end of the month shows ₹49,95,802 for the same ₹10,000 a month at 12% over 15 years, ₹49,958 less. A smaller difference can also come from rounding the monthly rate differently. Check the convention before comparing two calculators.

No. A SIP is a way of buying mutual fund units every month, and the units rise and fall with the market. The calculator applies one constant return to show a possible outcome; your actual value will follow the fund's real returns, and it can be below what you invested — especially over short periods. The 12% in the examples is a planning assumption for long-term equity investing, not a forecast for any fund. Mutual fund investments are subject to market risk; read the scheme documents before investing.

The same money invested at once grows more, because it is all invested from day one. Put the whole ₹18,00,000 in at once at 12% for 15 years and it becomes ₹1,07,92,444, against ₹50,45,760 for ₹10,000 a month over the same 15 years. But that comparison assumes you already have ₹18,00,000 and that you invest it at a good moment. A SIP's job is different: it spreads the entry over time, so a market fall buys you more units, and it turns a monthly salary into an investment habit. If you have a lump sum, investing it in parts over 6–12 months is the usual middle path.

For long-term equity planning in India, 10–12% a year is the range most planners use — roughly the long-run record of diversified Indian equity, before tax and expenses. For debt funds, 6–7% is the usual planning range. Never assume the best year a fund ever had, and never use a past return as a promise: use the returns table on this page to see how much the assumption moves the outcome, then pick the lower end for a plan you must be able to keep.

A step-up SIP raises the monthly amount by a fixed percentage every year, usually in line with a salary rise. Raising ₹10,000 a month by 10% every year makes ₹33,74,326 in 10 years at 12%, on ₹19,12,491 invested — against ₹23,23,391 without the step-up. The extra ₹10,50,935 comes from investing more as your income grows, not from a higher return. This calculator shows the fixed-SIP case; add a step-up to your own plan by raising the monthly amount once a year.

Yes — pause or stop a SIP at any time, with no penalty for stopping itself. The units you already bought stay invested and keep growing or falling with the market; only the future instalments stop. If you redeem units within a year of buying them, an exit load — usually 1% on equity funds — may apply, and the gains are taxed as short-term gains. Pausing for a few months during a tight patch is better than stopping for good: the units bought cheap in a falling market are the ones that do the most work later.

The figures on this page are before tax. On equity funds — at least 65% in Indian shares — gains on units held up to 12 months are taxed at 20% as short-term gains; after 12 months, 12.5% on your total long-term gains above ₹1.25 lakh in a year, under the Finance Act 2024 (from 23 July 2024), plus 4% cess. Debt funds bought from 1 April 2023 are taxed at your income-tax slab rate. Each instalment's units count from the month you bought them, so a SIP's gains are a mix of short- and long-term. Confirm the figures with your Chartered Accountant before you file.

No. The monthly amount, return and tenure stay in your browser — the calculation runs entirely on this page, nothing is sent to a server, and reloading the page clears your recent checks. This tool is a planning estimate, not investment advice; for advice on which funds suit you, talk to a SEBI-registered investment adviser.