ICICI Bank SIP calculator

What is ICICI Mutual Fund SIP Calculator

The ICICI Bank SIP Calculator is an online tool for those looking to project potential returns from their mutual fund SIP investments. Typically, the calculator takes three key factors into account, which include the investment amount, the duration of investment, and the expected rate of return 

It’s important to note that the SIP calculator offers estimates, not guarantees. The actual returns on an investment may differ from the calculated estimate. These variations are primarily driven by the market volatility. However, the ICICI Mutual Fund SIP Calculator is a valuable tool that helps to gain insights into their potential investment outcomes while making informed financial decisions.

How can ICICI Mutual Fund SIP Calculator Help You?

The ICICI SIP Plan Calculator can help you in the following way:

Efficient financial planning: The easy-to-use tool helps you plan your finances effectively by helping you calculate the potential growth of your investments by displaying estimated SIP returns.

Simplifying calculations: Estimating the SIP amounts to be invested involves complex calculations. The ICICI SIP calculator is a handy tool to process of calculating SIP results in an instant way

Easy variables:  An investor needs to enter basic inputs and the ICICI Bank SIP Calculator will display results that are easy to comprehend. Also, you can revise the SIP amount, tenure, and expected rate of return and analyse your decision to invest.

Accurate estimates: The AI-powered tool is designed to display precise, optimal results while helping investors determine the SIP estimates.

How does the ICICI Mutual Fund SIP Calculator Work?

The ICICI Bank SIP Calculator works on values provided by users to calculate the estimated return. The return calculation depends on the following inputs:

Investment amount: This includes monthly contributions of SIP investment

Time period: This is the total number of years you will continue to invest in a scheme

Expected return rate: This is the expected return on your investment per annum

Formula to Calculate ICICI SIP Returns with an example

A global standardisation method is used to calculate ICICI Bank SIP to determine the total returns an investor has incurred. The ICICI  Bank SIP formula is as follows:

FV = [P x r x (1 + i)^ n – 1]/i} x (1 + i)

In which, 

FV=Future value

P=SIP amount

I=Compounded rate of return

r=Expected rate on return

n=Number of instalments that is, Investment duration x frequency that is, monthly/quarterly/half-yearly

Example for ICICI SIP Calculator

Let’s assume an investor invests Rs 15,000 per month in a scheme for a duration of five  years. Based on the parameter provided, the XIRR or SIP return for the investment is 22.32% per annum.

The ICICI SIP calculator provides the following results:

Similarly the maturity values for various time periods are as below (with Rs 15,000 as the monthly investment amount):

How to use ICICI SIP Return Calculator?

The ICICI Mutual Fund SIP Calculator is an easy-to-operate online tool. It can be used through the following steps:

Step 1: Choose the monthly amount you can invest through SIP mode.

Step 2: Select investment tenure. Choose the number of years you wish to initiate your SIP investment or select an investment horizon depending on your financial goal.

Step 3: Click on ‘Calculate’

Depending on your input, the ICICI SIP Return Calculator will display the following output: invested amount, total gains, and maturity value. 

The ICICI Bank SIP calculator also provides you the option to toggle your inputs related to the investment amount and tenure. You can gain insight into the output by changing the SIP amount or investment period or both and analyse the change in results.

Benefits of using ICICI SIP Calculator

The following are some of the benefits of using the ICICI Mutual Fund SIP calculator:

User-friendly online tool: The ICICI Bank SIP calculator requires basic inputs such as the investment amount, expected rate of returns and investment tenure to compute the estimated result of a SIP investment growth. 

Accurate estimations: The SIP calculator provides accurate estimations based on the provided details. However, it does not guarantee returns. It just serves as a tool to forecast probable returns.

Instant outputs: Quick calculations are initiated with results generated in a short time. This time-saving feature streamlines the process of assessing SIP investment returns. 

Better financial planning: By estimating the  SIP return rate, the tool ensures that investors can plan their finances more effectively. Gaining insight into the expected returns enables informed investment decisions.

Ease of accessibility: The ICICI SIP calculator is freely available online, allowing users to utilize it as many times as possible at their convenience. Comparison of various SIP plans and scenarios facilitates making informed decisions.

Which is the best ICICI mutual fund for SIP?

The best ICICI mutual fund for SIP are as follows: