ICICI SIP Calculator
Often, novice investors tend to start investing through Systematic Investment Plans (SIPs), with over 60.5 million SIP accounts created. SIP adoption is on the rise due to its convenient nature. You can start investing as small as Rs. 100 per month and watch your portfolio grow. It is easy to estimate SIP returns from historical returns. If you choose to invest in the ICICI Prudential Mutual Funds, you can use the ICICI Prudential SIP Calculator to assess your potential returns.
Yearly Breakdown
| Year | Invested Amount | Wealth Gained | Expected Amount |
|---|
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SIPs are an incredibly convenient way to build wealth over time. For example, the ICICI Prudential Mutual Fund has Assets under management (AUM) of Rs. 4,95,485 Cr with 238 schemes, making it a great scheme to invest in.
Typically, you need to input your expected ICICI Prudential SIP interest rate, investment amount or target amount, investment tenure, and the step-up rate into the ICICI Prudential SIP Calculator. It then displays the investment amount, potential capital gains, and potential maturity amount.
The ICICI Prudential SIP Calculator uses an investment amount-based methodology. Therefore, you can enter your inputs like investment amount, tenure, interest rate, and step-up percentage. However, it is noteworthy that the Mutual Fund Calculator ICICI Prudential does not guarantee any return as the fund's performance is subject to market fluctuations.
5paisa’s ICICI Prudential SIP Calculator is a simple tool to estimate the performance of the ICICI Prudential Mutual Fund based on the plan's historical performance. However, investors should know that the calculations help predict investment performance and do not guarantee such returns. As a result, it may differ from the final value of the investment.
You will require the following inputs to use the ICICI Prudential mutual fund sip calculator. The return calculation depends on the following:
- Total investment amount: This includes weekly, monthly, quarterly or yearly contributions or lump sums of SIP investment.
- Tenure: This is the total number of years you will continue to invest in the plan.
- SIP Interest rate: This is the expected return on your investment for the year.
When using the calculator, you can select one of the numerous ICICI Prudential mutual fund schemes from a drop-down list. Upon choosing a plan, the tool shows the historical Extended Internal Rate of Return (XIRR) for that specific investment. The tool then determines the maturity value using your SIP amount and investment period.
SIPs are preferable for risk-averse investors. These are more strategic investment plans than lump-sum investments. SIPs let you contribute a small amount each month to a mutual fund scheme instead of a massive chunk of your corpus all at once.
Using an ICICI Prudential Mutual Fund SIP calculator has several benefits, including the following.
- Plan your SIP investments: The calculator will estimate how much you can save and earn using compound interest.
- Portfolio balancing: Most experts suggest maintaining a well-diversified portfolio that mixes stocks, mutual funds, real estate, and more. Once you know the estimated return from your mutual fund SIP, you can allocate the money to other savings and investments.
- Set clear timelines: The calculator will determine your earnings for the selected period. If you don't reach your goals, consider increasing your time to continue investing.
- Avoid calculation errors and save time: Manual calculations can introduce errors and discrepancies. Online SIP Calculator eliminates all possibility of error and provides a realistic outlook. Furthermore, these calculators are quick and save a lot of time. Simply enter the required information and see your score within seconds.
- Choose the suitable scheme: There are several funds on the market. Everyone can get different returns. SIP Calculator will help you choose the one that best suits your goals.
Formula to Calculate ICICI Prudential SIP Returns
The SIP Return Calculator ICICI Prudential generates results depending on your inputs, using the following formula:
Amount invested × ({[1 + Periodic rate of interest] Total number payments – 1} / Periodic rate of interest) × (1 + Periodic rate of interest).
or
FV = [P x R x (1 + i) n-1/i] x (1 + i)
Where
FV= Future Value
P= Principal
R= Expected Rate of Returns
i= Compound rate of return
n= Number of instalments
Manually, this calculation can take a long time and be privy to human errors. However, the ICICI Prudential SIP Investment Calculator can help you do the job efficiently.
For illustration, suppose you invest Rs. 5,000 per month through a SIP plan for a 2-year tenure and expect 12% p.a. returns. The calculator displays the estimated return value as
Amount invested: Rs. 1,12,000
Expected return amount: Rs. 1,36,216
Wealth gain: Rs. 24,216
However, you should always be aware that the gains at maturity can depend more or less on the then market conditions.
An SIP calculator requires some inputs to calculate the SIP returns. The ICICI Prudential SIP Calculator uses the following information:
- Monthly investment in rupees
- Investment duration in years
- Your fund name or expected growth rate in percentage
The calculator calculates the scheme's returns based on the inputs above. Use the calculator to your advantage by following these simple steps:
Step 1: Enter your monthly investment amount
Step 2: Slide through the slider for your investment duration.
Step 3: Choose a fund, such as the ICICI Prudential Liquid Fund Regular Growth Fund, as your first investment.
Finally, the calculator provides an investment period value based on the scheme's past earnings, SIP amount, and investment period.
The ICICI Prudential SIP Calculator estimates the performance of each ICICI Prudential Mutual Fund based on the plan's past performance. This tool helps you make better investment choices by showing you where a fund ranks within its category.
Some key benefits of the ICICI Prudential SIP Calculator are listed below.
- ICICI Prudential’s SIP Return Calculator provides accurate results. However, the final results may differ slightly from expectations due to market risks.
- Technological advances can overcome the tedious process of calculating SIP returns. ICICI Prudential SIP Calculator is easy to use with just a few inputs. The SIP Calculator is helpful for experts in the field (because it saves time) and amateurs (because it is simple).
- As the name suggests, SIP is a prudent investment plan, and estimated results can be evaluated using his ICICI Prudential SIP Calculator.
- Investors can therefore see the return potential of the program at the click of a button.
Frequently Asked Questions
Some top-rated ICICI Prudential Mutual Fund w.r.t. 3-year returns are:
SIPs are subject to market risk. Depending on your chosen fund, investing in the ICICI Prudential SIP can provide a capital appreciation on your investments. In addition, many of ICICI Prudential's equity programs have a CRISIL rating of 3 or higher, making them relatively more credible.
SIPs are a tremendous habit-building investment method. ICICI Prudential SIPs allow you to invest a fixed sum every month, where the amount compounds over time.
Step 1: Log in to your Demat account on the 5paisa app
Step 2: Choose the desired ICICI Prudential mutual fund scheme
Step 3: Select the “Start SIP” option
Step 4: Fill in all the required details and upload all documents
Step 5: Submit the application to open a SIP account
Disclaimer: The calculator available on the 5paisa website is intended for informational purposes only and is designed to assist you in estimating potential investments. However, it is important to understand that this calculator should not be the sole basis for creating or implementing any investment strategy. View More..