SIP Calculator
๐ก SIP (Systematic Investment Plan) Made Simple
What is SIP?
A method to invest a fixed amount regularly (monthly/quarterly) in mutual funds, building wealth over time with rupee cost averaging and compounding.
๐ SIP Formula (Future Value)
FV = P ร [((1 + r)^n - 1) / r] ร (1 + r)
- P = SIP installment amount
- r = Periodic rate of return (monthly = annual รท 12 รท 100)
- n = Total number of installments