ICICI SIP Calculator
Systematic Investment Plan or SIP is one of the methods of making investments at regular intervals in various funds, the other being the lump sum method of investment. SIP helps in accumulating wealth and increasing capital over a fixed time period. SIP Calculator is the best tool every investor needs to easily calculate their SIP returns at maturity.
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- 7.7 Crore Registered Consumer
- 50 Partners Insurance Partners
- 4.2 Crore Policies Sold
SIP Benefits
- Start SIP with as low as ₹1000
- No hidden charges
- Save upto ₹46,800 in Tax under section 80C^
- Zero LTCG Tax¶
- Disciplined & worry-free investing
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SIP Investment
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SIP Calculator
- ICICI SIP Calculator
ICICI SIP Calculator
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- Insurance Companies
- Mutual Funds
| Returns | ||||
|---|---|---|---|---|
| Fund Name | 3 Years | 5 Years | 10 Years | |
| Virtue II PNB Metlife | 17.06% | 24.85% |
16.02%
View Plan
|
|
| Pure Equity Birla Sun Life | 15.9% | 20.51% |
14.59%
View Plan
|
|
| Large Cap Equity Fund Tata AIA | 16.21% | 21.15% |
14.57%
View Plan
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|
| Grow Money Plus Fund Bharti AXA | 13.15% | 18.11% |
13.95%
View Plan
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| Pure Stock Fund Bajaj Allianz | 15.91% | 19.76% |
13.76%
View Plan
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|
| Diversified Equity Fund HDFC Standard | 12.72% | 16.99% |
13.54%
View Plan
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| Growth Super Fund Max Life | 13.14% | 16.73% |
12.41%
View Plan
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| Equity Fund SBI | 13.01% | 15.88% |
11.81%
View Plan
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| Equity Large Cap Fund Edelwiess Tokio | 10.59% | 14.81% |
10.95%
View Plan
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| Bluechip Fund ICICI Prudential | 11.32% | 15.17% |
10.9%
View Plan
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Updated as of Oct 2024
| Returns | ||||
|---|---|---|---|---|
| Fund Name | 3 Years | 5 Years | 10 Years | |
| Active Fund QUANT | 24.92% | 31.48% |
21.87%
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| Flexi Cap Fund PARAG PARIKH | 20.69% | 26.41% |
19.28%
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| Large and Mid-Cap Fund EDELWEISS | 22.34% | 24.29% |
17.94%
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| Equity Opportunities Fund KOTAK | 24.64% | 25.01% |
19.45%
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| Large and Midcap Fund MIRAE ASSET | 19.74% | 24.32% |
22.50%
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| Flexi Cap Fund PGIM INDIA | 14.75% | 23.39% |
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| Flexi Cap Fund DSP | 18.41% | 22.33% |
16.91%
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| Emerging Equities Fund CANARA ROBECO | 20.05% | 21.80% |
15.92%
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| Focused fund SUNDARAM | 18.27% | 18.22% |
16.55%
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Updated as of Oct 2024
What is the ICICI SIP Calculator?
The ICICI SIP Calculator is an online financial tool that helps you estimate the potential returns from SIP plans. The SIP return calculator can be extremely useful in planning for long-term financial goals like retirement, education, or a house purchase. It's a convenient way to visualize the power of compounding and understand how consistent investing can help you grow your wealth over time. Due to various factors related to the financial market, actual returns may vary from the calculated amount.
How Does the ICICI SIP Return Calculator Work?
ICICI SIP return calculator is easy to use and hassle-free, with minimal complications involved. The following information needs to be entered into the ICICI SIP calculator to compute the maturity amount:
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The monthly amount that the investor wishes to invest
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Current Rate of return offered on the particular mutual fund or market-linked fund
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Total tenure the investor wishes to invest for
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The maturity value will be computed in seconds
ICICI SIP Return Formula
The following formula is used for the computation of maturity value received at the end of SIP investment tenure:
Example
Mr. Karan invests Rs. 5,000 monthly at 14% through ELSS Fund SIP. If he selects the tenure of 10 years, then the returns will be:
| FV = 5,000 x ({[ 1 + 0.14] ^ 120 – 1} / 0.14) x (1 + 0.14) |
| FV = Rs. 13,10,000 |
| Total returns = Future Value – Invested Amount throughout the tenure |
| Total returns = Rs. 13,10,000 – Rs. 6,00,000 |
| Total returns = Rs. 7,10,000 |
Benefits of Using Policybazaar’s ICICI SIP Calculator Online
Listed below are some of the key benefits of using the ICICI SIP online calculator:
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Using the ICICI SIP return calculator will offer peace of mind and will help save investors precious time.
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The ICICI SIP calculator online will offer instant results, which will help the investor plan for future finances.
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The ICICI SIP calculator online can be used from anywhere globally and from any device, making the calculation process convenient.
Conclusion
The ICICI SIP Calculator is a valuable tool for anyone considering investing in a Systematic Investment Plan (SIP). This can be particularly useful for long-term financial planning, such as saving for retirement or a child's education. While it's important to note that past performance is not indicative of future results, the sip calculator can serve as a helpful tool in making informed investment decisions.
FAQs
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Is using the ICICI SIP Calculator free?
Yes, using the ICICI SIP Calculator is generally free of charge. -
What kind of output does the calculator provide?
The calculator typically provides an estimate of your future corpus, including the total amount invested and the total returns generated. -
How should I interpret the results from the calculator?
The results provide a general idea of your potential financial growth. However, it's important to consider other factors such as market fluctuations and your individual financial goals.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved
insurance
plan.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^Section 80C allows annual deductions of up to ₹1.5 lacs from the taxable income. Section 10(10D) provides tax-free maturity benefits for investments of up to ₹2.5 Lacs/ year, on policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
