Step-up SIP
See how raising your monthly SIP by a set amount every year changes the final value.
Mutual funds
SIP calculator
See what a fixed monthly investment in a mutual fund could grow to, for a return you assume.
years
%
Your assumption, not a quote. Past returns do not set what comes next.
Monthly rate
In today’s money
Putting in ₹10,000 a month for 10 years at an assumed 12% a year could grow to ₹23.23 lakh on paper. You would put in ₹12 lakh.
- Amount invested
- ₹12,00,000≈ ₹12 lakh
- Estimated gain
- ₹11,23,391≈ ₹11.23 lakh · 94% on top of what you put in
- Estimated total value
- ₹23,23,391≈ ₹23.23 lakh
Growth, year by year
Tap or hover the chart, or use the slider, to read any year.
- Estimated value
- Amount invested
After 10 years
Estimated value
₹23,23,391
Amount invested
₹12,00,000
Year-by-year table
| Year | Estimated value | Amount invested |
|---|---|---|
| 0 | ₹0 | ₹0 |
| 1 | ₹1,28,093 | ₹1,20,000 |
| 2 | ₹2,72,432 | ₹2,40,000 |
| 3 | ₹4,35,076 | ₹3,60,000 |
| 4 | ₹6,18,348 | ₹4,80,000 |
| 5 | ₹8,24,864 | ₹6,00,000 |
| 6 | ₹10,57,570 | ₹7,20,000 |
| 7 | ₹13,19,790 | ₹8,40,000 |
| 8 | ₹16,15,266 | ₹9,60,000 |
| 9 | ₹19,48,215 | ₹10,80,000 |
| 10 | ₹23,23,391 | ₹12,00,000 |
Nominal or effective?
Two ways to turn a yearly return into a monthly one. Each instalment goes in at the start of the month.
- Nominal (÷ 12) · in use
- ₹23.23 lakhEach month earns 12% ÷ 12, so the year ends a little above 12%.
- Effective
- ₹22.4 lakhEach month earns the rate that adds up to exactly 12% over a full year.
For these numbers the two differ by ₹83,032. Other SIP calculators may use either, and may invest at the end of the month, so a different answer from another site is often just a different convention.
Where the total comes from
Tap a segment to see its rupees.
Estimated gain₹11.23 lakh48% of total
Of the ₹23,23,391 total, ₹12,00,000 is money you put in and ₹11,23,391 is estimated growth.
What next
How it works
A SIP puts the same amount in every month. Each instalment grows for the months it stays invested, so the earliest ones grow the longest. The calculator adds up all of those pieces.
Value = P x ((1 + i)^n - 1) / i x (1 + i)
P is the monthly amount, i is the monthly rate and n is the number of months. The last (1 + i) is there because each instalment goes in at the start of the month.
A worked example
₹10,000 a month for 10 years at 12 a year is ₹12,00,000 put in. At the nominal setting (12 divided by 12, so 1 a month) the estimated value is ₹23,23,391, or ₹23.23 lakh. The gain of ₹11,23,391 is arithmetic on the rate you typed, not a forecast.
Nominal and effective differ only in how the yearly rate becomes a monthly one. Nominal divides by 12. Effective finds the monthly rate that grows to exactly the yearly rate over twelve months, so it gives a slightly lower value.
What it leaves out
- Tax on gains.
- Exit load and fund charges, which are already taken out of a fund’s reported returns but not modelled here.
- Any change in the return from year to year.
- Inflation, unless you switch the inflation line on. It then shows the final value in today’s prices.
Questions people ask
What return should I assume?
There is no right answer, and nobody can promise one. A common habit is to try a low, a middle and a high figure and see how much the result moves, rather than trusting a single number. Past returns of a fund do not set what it earns next.
What is the difference between a SIP and a lumpsum?
A SIP spreads the money over many months, so each part is invested for a different time. A lumpsum puts everything in on day one. With the same total and the same assumed return, the lumpsum has more time to grow, so it shows a larger figure on paper. Real markets do not move in a straight line, so the comparison on paper does not say which suits you.
Why does this result differ from another calculator?
Usually because of a convention. Some tools divide the yearly rate by 12, some use the exact monthly equivalent, and some assume the instalment goes in at the end of the month rather than the start. Use the nominal and effective switch above to see how much of the gap that explains.
Is the estimated value guaranteed?
No. It is what the maths gives for the rate you enter. Market-linked investments can earn more or less than assumed, and they can lose money.
Does the result include tax?
No. Gains from mutual funds can be taxed, and the rules depend on the type of fund and how long you hold it. This page shows the result before tax and charges.