How It Works:

The SIP Calculator allows you to evaluate the potential maturity amount based on two types of investment strategies:

• Monthly SIP: You invest a fixed amount every month for the specified number of years. The calculation considers compounding returns over time.
• One-Time Investment: You invest a single lump sum amount at the start, and it grows over time at the expected rate of return.

1. Select your investment type - either a fixed monthly amount or a single lump sum investment.

2. Enter your expected annual rate of return (percentage).

3. Input the total number of years you plan to invest for.

4. The SIP Calculator uses financial formulas to determine:

• The maturity amount after the specified years for monthly investments (considering compounding growth).
• The maturity amount for a lump sum investment using simple compound interest formulas.

Review the maturity amount calculation to plan your savings journey effectively and align your financial goals.