Mirae Asset SIP Calculator

Mirae Asset SIP Calculator

The Systematic Investment Plan (SIP) facilitates long-term wealth creation with regular investment.

A key aspect of any investing decision is understanding the possible returns that you may earn over time. This is where the Mirae Asset SIP Calculator comes in handy.

The online tool enables you to figure out the possible earnings from your investment.

How does a Mirae Asset SIP Calculator work?

The Mirae Asset SIP Calculator is an online tool designed to help investors assess potential returns from a Systematic Investment Plan in mutual funds.

The calculator determines the probable income by factoring in details like the monthly investment amount, estimated return rate, and investment duration.

Showing how your money could grow over time, this online tool simplifies financial planning as per your goal.

Formula to calculate Mirae Asset SIP returns

The online Mirae Asset SIP calculator uses a simple formula:

FV = P x ({[ 1+ i] ^ n -1} / i) x (1+i)

Here

FV = Future value (final payout at maturity)

P = Principal investment while starting the SIP

i = Annual interest rate (compound interest) in percentage/12

n = Number of months or investment duration

Benefits of investing through SIP

• Promotes regular investing for disciplined savings.
• Monthly investments help to reduce the impact of market volatility.
• Compounding yields long-term wealth accumulation.
• SIPs can be started with small investments, making it suitable for people across income levels.
• It offers flexibility to start and stop investments as needed.
• Diversification spreads risk across several investments.

How to use the Mirae Asset SIP calculator?

• Open the page of Mirae Asset SIP Calculator.
• Select your monthly SIP amount.
• Choose the duration of your SIP.
• Enter the expected return.

The Mirae Asset SIP calculator will show the value of your investment at the end of the tenure.

How can Mirae Asset SIP Return Calculator help you?

• It explains how making frequent payments can boost your investment.
• Mirae Asset SIP Return Calculator estimates returns depending on investment quantum and duration.
• Assists with budget management and goal setting for your investment.
• Compares various investment options.
• Monitors progress toward targets.

Examples of Mirae Asset SIP growth

Example 1:

• Monthly Investment: ₹2,000
• Duration: 7 years
• Expected Annual Return: 8%
• Total Investment: ₹2,000 × 12 months × 7 years = ₹1,68,000
• Future Value: Approximately ₹2,24,227

Example 2:

• Monthly Investment: ₹2,000
• Duration: 15 years
• Expected Annual Return: 15%
• Total Investment: ₹2,000 × 12 months × 15 years = ₹3,60,000
• Future Value: Approximately ₹13,37,014