ICICI Bank SIP Calculator

Planning your mutual fund investments is crucial to maximising your profits, regardless of the investing horizon. With several ways to invest, it can get confusing. However, if you choose to go the SIP route, then the ICICI Prudential SIP calculator is a tool you can rely on. One of the most popular institutions for SIP is ICICI Prudential AMC, a joint venture of ICICI Bank and Prudential Plc. You can invest in mutual funds via ICICI through two modes – lump sum and SIP. These options offer different benefits, allowing you to tailor your investment to your finances. To decide if SIPs are right for you, you can use an ICICI Prudential SIP calculator. So, read on to know how to use this calculator, how it benefits you, and other crucial details.
Monthly SIP
I want to invest (Monthly)
₹ 1000 ₹ 100000
For a Period of
1 Y 30 Y
Expected Growth Rate
1 % 30 %

Future value of your Investments

Total Investment

Total Gains

Illustrative Compounded Growth line

Select Inflation%

  • 4%
  • 6%
  • 8%

Goal Amount

You need to Invest today

Total Investment

Interest Earned

Illustrative Investment vs Interest Earned* dognut

Total Investment
Interest Earned
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How Does an SIP Calculator Work?

An SIP calculator is a formula-based tool that gives you an estimate of the returns on your investment. The formula used for this calculator is: 

M = P × ({[1 + i]^n – 1} / i) × (1 + i)


‘M’ represents the maturity value

‘P’ represents the investment value

‘n’ represents the number of investments made

‘i’ represents the interest rate


While you can use this formula to manually calculate the estimate of your returns, it will likely be a time-consuming process. Moreover, there will also be the risk of manual error, and investment based on incorrect data can affect planning. 


Given this, a smarter alternative is using online tools like the ICICI SIP calculator. These are easy online tools offering accurate results in minutes.

Steps to Use the ICICI Bank SIP Calculator

As mentioned, using the ICICI Prudential AMC SIP calculator is easy, simple, and quick. You can use the calculator in two ways. The first is having a target amount and estimating the amount you will have to invest every month. 


The second is having an investment amount (SIP) and estimating the maturity value. Here are the steps you can follow for both these approaches.


1. Target Amount


  • Step 1: Choose the ‘Target amount’ option on the page

  • Step 2: Enter the maturity (target) amount you want

  • Step 3: Select the SIP option and investment tenor

  • Step 4: Input the interest rate

  • Step 5: Check the SIP amount displayed on your screen


2. SIP Amount


  • Step 1: Choose the ‘Current Investment Amount’ option 

  • Step 2: Enter the amount you want to invest (SIP value)

  • Step 3: Select the SIP option and tenor

  • Step 4: Input the interest rate

  • Step 5: Check the maturity value displayed on your screen

Benefits of Using ICICI Bank SIP Calculator

Here are some top advantages of using the ICICI Prudential AMC SIP calculator:


  • Compare and Customise Your Investment


You can use this calculator without any restrictions. As such, you can compare the estimated returns from different funds and choose the one that aligns with your goals. You can also try different permutations and combinations to know the most favourable investment terms.


  • Accurate, Accessible, and Quick


Since it is an automated tool, the possibility of errors is negligible. The calculator is accessible from anywhere and on any device, while offering estimates in seconds. This way, you can invest without any delays.


  • Available for Free


Most financial institutions offer such SIP calculators for free. So, you can better plan your investment and pay no additional cost.


Now that you know how to use the ICICI SIP calculator and its benefits, remember that the results are just an estimate. Since these are market-linked instruments, fluctuations will affect your final earnings. 


You can also use the SIP calculator available on Bajaj Markets. With this calculator, you can compare the returns of leading mutual funds from different issuers in one place. You can also choose from a range of funds and invest your money appropriately.

FAQs on ICICI Bank SIP Calculator

How can I use the ICICI Bank SIP calculator?

To use the ICICI Prudential AMC SIP calculator, you just need to enter the investment/maturity amount, tenor, and interest rate. Once you submit these details, you can calculate your expected returns and invest accordingly.

Which is better, SIP or lumpsum?

How do I choose the right fund to invest in via SIPs?

When can I use the SIP calculator?

What is the amount I can invest in an ICICI SIP?

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