A Systematic Investment Plan (SIP) is a investment option offered by mutual funds to investors, allowing them to invest small amounts periodically into a mutual fund scheme instead of lump sums. The frequency of investment can be daily, weekly, monthly, quarterly etc. SIP has emerged as a popular way to invest, especially among retail investors, allowing them to build a corpus by investing smaller amounts consistently.
An SIP calculator is an online tool that helps estimate return outcomes on your SIP investments based on certain assumptions. It is helpful for investors to plan their financial goals like retirement planning or children’s education through SIPs.
Our attempt is for you to understand what an SIP calculator is, how it works, its advantages, and how to use Standard Chartered Bank’s calculator.