LIC SIP Calculator

LIC SIP Calculator - Calculate LIC Mutual Fund SIP Returns

The LIC SIP Calculator can be used to compute the amount that needs to be invested through Systematic Investment Plans or SIPs to build up a corpus for future events such as children’s education, children’s marriage, buying a house or retirement. The actual returns calculated on this calculator are only approximations since market dynamics determine the end result of the investments made.??

How the LIC SIP Plan Calculator Can Help You

One of the major reasons to invest in mutual funds through SIPs is to develop financial discipline and a habit of saving. This calculator can make this plan a reality when it is utilised to estimate the future corpus.??

This calculator can be a resourceful tool to encourage investors to invest in the LIC SIP effectively so they can reach their goals.?

Formula Used by the Calculator to Attain the SIP Returns

The formula that is used to calculate the SIP returns is:

A = P × (1+r/100)^n

where,

P = The Principal amount invested through the SIP

r = The assumed annual rate of return

n = The number of SIP instalments

Consider the following example in which the formula has been used:

P = Rs. 2,500

r = 10%

n = 4 Years

A = Rs. 2,500 × (1+10/100)^4

Total Value = Rs. 60,000?

How to Use the LIC Mutual Fund SIP Calculator?

You can use this calculator by following the steps listed below:

Step 1: Visit the online LIC Fund SIP calculator.

Step 2: Enter the primary details, such as the SIP you would want to invest, the tenure for your investment, and the assumed rate of interest.

Step 3: You can instantly see the investment's final value on the screen.?

Advantages of Using the LIC SIP Calculator

The advantages of using this robust online tool are:

1. Good For First-Time Investors: Investors who are new to mutual funds can use this calculator to estimate their returns and compare them to other forms of investment.?
2. More Accurate than Manual Calculations: Manual calculations can be subject to human error, and sometimes, the outcome is inaccurate.?
3. Works with Basic Information: The calculator only asks for basic information such as investment horizon, SIP amount to invest and the estimated rate of return for the fund.
4. Easy to Set Investment Goals: The LIC SIP calculator offers instant solutions, which makes it easy to invest based on the objective or goal of the investor.?