Mutual funds
Explore About Systematic Investment Plan, SIP calculator and more!!
Explore About Systematic Investment Plan, SIP calculator and more!!
SIP stands for Systematic Investment Plan. It is a method of investing a fixed sum regularly in mutual funds. Here's how you can calculate SIP:
1. Calculate the monthly investment amount.
2. Determine the duration of the SIP.
3. Decide the expected interest rate.
4. Using these values, calculate the maturity amount.