ICICI SIP Calculator » Calculate SIP Returns Online
August 19, 2023 by Sip Calculator
Sip-Calculators.Com
Sip-Calculators.Com
Invested Amount:
Est. Returns:
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ICICI Bank Sip calculator is an online financial tool. If you also invest in SIP, then you must bookmark this tool. Because this tool will help you to calculate Systematic Investment Plan. And that too absolutely free.
This Industrial Credit and Investment Corporation of India Bank Sip Calculator tool is easy to use and this tool is absolutely free.
SIP is a scheme to invest in mutual funds. In SIP, instead of investing your money at once, you invest small amounts every month. ICICI Bank SIP Calculator helps you calculate the returns you will get from mutual funds. And absolutely free tools. The risk in Sip is less and the returns are good.
ICICI SIP Calculator is a tool that helps investors calculate the returns on their investments in a systematic investment plan (SIP) offered by ICICI Bank
The ICICI SIP Calculator is an online tool that is easy to use and accessible to anyone with an internet connection. To use the calculator, an investor would enter the amount of the investment, the frequency of the investment (monthly, quarterly, etc.), and the expected rate of return.
Talking about the benefits of Icici SIP calculator, there are many benefits which we have provided below:
| The formula is M or FV = P × ({[1 + i]^n – 1} / i) × (1 + i). |
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| FV/M= The future value or the maturity amount. |
| P = is the amount you invest at regular intervals. |
| n = is the number of payments you have made. |
| i = is the periodic rate of interest. |
Example:
You're making an investment of ₹20,000 each month for a year at an interest rate of 12%.
The monthly rate of return would be 12%/12 = 1/100 = 0.01
Consequently, you will receive around ₹2,56,187 in a year.
If you invest ₹20,000 in SIP every month, then you will invest ₹2,40,000 in 1 year, which will give you ₹16,187 returns a 12% expected return. Total will be ₹2,56,187.
ICICI Bank SIP calculator is also very easy to use. I have given you the steps to use it below.
#Step 1. Go to Sip-Calculators.Com website and access the SIP calculator.
#Step 2. After coming to the website, you have to select your own currency.
#Step 3. Enter the monthly SIP amount you want to invest.
#Step 4. Enter expected annual returns in percentage.
#Step 5. Input the time period in years.
#Step 6 In the next step, whatever return you will get in SIP, you will be told.
Hope you liked this ICICI Bank SIP Calculator. If you like it then share it with your friends too so that they too can calculate SIP. If you have any problem, then definitely tell us, we will try to reply to it.
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