# SBI SIP Calculator

The SBI SIP Calculator is a helpful tool to compute your expected returns when choosing a fund to invest in via the SIP route. Knowing exactly how much you need to invest periodically helps you set and achieve realistic goals.
Monthly SIP
Lumpsum
I want to invest (Monthly)
₹ 1000 ₹ 100000
For a Period of
Years
1 Y 30 Y
Expected Growth Rate
%
1 % 30 %

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

## How to Use the SBI SIP Calculator

You can use this tool easily by following these simple steps:

1. Enter the SIP amount you want to contribute in the ‘I want to invest (monthly)’ field

2. Input your preferred investment horizon

3. Enter the expected rate of returns

The calculator will display your potential earnings, along with the total amount invested.  Tools like the SBI mutual fund calculator determine how much you need to invest to achieve your goal. This helps you compare and find offerings that align with your goals.

## Formula to Calculate SIP Returns

To calculate the estimated final returns for a given mutual fund, you will have to use the following formula:

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

Where,

‘M’ is the maturity amount of the SIP

‘P’ is the investment amount

‘i’ is the compounded rate of return (annual rate of return divided by 12)

‘n’ is the investment duration (in months)

## Benefits of Using the SBI SIP Calculator

Here are some benefits you could enjoy when using the SBI SIP calculator:

• ### Improved Decision-making

With the calculator, you can estimate the returns that different mutual fund schemes offer and choose the ideal option. This tool helps you compare options based on the amount you need to contribute to achieve your investment goals.

• ### Convenient Process of Utilisation

Since this is an online tool, it lets you determine the SIP amount for different schemes from the comfort of your home. You only need to enter some basic investment details to calculate the returns.

• ### Free Access

You can access this online tool for free without any restrictions. This is particularly helpful as it helps to compare various funds and find suitable options.

When investing in a mutual fund through the SIP route, you must assess the expected returns. To find out this information, you can use the SBI SIP Calculator to help you determine how much you would need to invest to achieve your goals.

To simplify the process of investing, you can also compare different SIP options on Bajaj Markets and choose one that suits you best.

### Is the SBI SIP Calculator free to use?

Yes, you can use the SBI SIP calculator for free. In addition, there is no restriction on the number of times you can use this tool.

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