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Last updated on: April 30, 2025
The ICICI SIP Calculator is a user-friendly online tool that will provide you the potential growth of your Systematic Investment Plan (SIP) investments. It provides a clear picture of how your disciplined savings over a period of time can help you build wealth over a period.
By entering details such as Investment amount, type of SIP, and the expected rate of return, user can determine the potential growth of their investments
An ICICI SIP (Systematic Investment Plan) is a disciplined investment method offered by ICICI allowing investors to invest fund regularly to build a corpus. This approach helps in building consistent saving habits and also SIPs benefit from power of compounding and rupee cost averaging.
The calculator uses a simple formula to calculate the SIP returns
FV = [P x r x (1 + i) ^ n – 1]/i} x (1 + i)
In which,
For example, suppose you make a SIP investment of Rs. 6000 for the duration of 15 years with expected returns of 15%. The calculator will instantly provide you with the future value of your investment
Invested amount – ₹ 10,80,000
Estimated Returns – ₹ 26,18,194
Future value of investment – ₹ 36,98,194
1. Does the calculator consider the impact of taxes and inflation on my SIP returns?
Basic calculators may not account for these factors. More advanced versions might take into account these factors . At present, such calculators are not available
2. How accurate are the returns provided by the ICICI SIP calculator?
The returns are estimates based on the inputs provided and assumed returns. Actual returns may vary due to market conditions, fund performance, and other factors.
3. Can I use the ICICI SIP calculator to plan for specific financial goals?
Absolutely, you can invest according to the goal in mind. For example, if you want to build a retirement corpus, you may have to stay invested for a longer period of time. However, for short term goals, you can invest at a shorter tenure
4. Can I compare different investment scenarios using the ICICI SIP calculator?
Yes, ICICI SIP calculator helps you calculate the returns based on your monthly investment. It also helps you enter the target amount and allow you to calculate the monthly investment required to achieve that target
5. Is the ICICI SIP Calculator free to use?
Yes, the calculator is available for free on the ICICI bank website and other SIP aggregator websites like Fincover.com
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
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