# SIP Calculator

A Systematic Investment Plan (SIP) is similar to the recurring deposit, where some amount of money is invested at regular intervals (monthly or quarterly). A SIP is generally preferred for an equity scheme and can be started with as small as Rs 500 per month. The plan is flexible, were the investors may stop investing anytime, and may choose to increase or decrease the amount of investment. This calculator allows you to calculate the maturity amount (savings of the mutual fund) you gained and the amount multiplied.

## Systematic Investment Plan Calculation | Calculate Mutual Funds Savings

A Systematic Investment Plan (SIP) is similar to the recurring deposit, where some amount of money is invested at regular intervals (monthly or quarterly). A SIP is generally preferred for an equity scheme and can be started with as small as Rs 500 per month. The plan is flexible, were the investors may stop investing anytime, and may choose to increase or decrease the amount of investment. This calculator allows you to calculate the maturity amount (savings of the mutual fund) you gained and the amount multiplied.

Code to add this calci to your website

#### Formula :

Actual Investment = Monthly Investment Amount x Investment Period x 12
Maturity Amount = ((( 1 + ( Rate / 1200 ))^{( Period x 12)}-1)**/**(Rate / 1200)) x Monthly Investment
Amount Multiplied = Maturity Amount / Actual Investment

Systematic Investment Plan (SIP) Mutual Fund Savings calculation helps to yield large amount of expenditure from a small amount over a long period of time.

#### Example

**A principal amount of $1000 is invested each month for a period of 12 years at a rate of 3 %. What is the maturity amount, invested in the Systematic Investment Plan (SIP).**

Amount Invested = 1000 x 12 x 12

= 144000 $

Maturity Amount = (( 1 + ( 3 / 1200 ))^{(12x12)} / ((3/1200) x 1000)

= 173074.25 $

Therefore, Maturity Amount value is 173074.25 $