You are quite convinced about the magic of SIP and how it will help you to increase your wealth over a sustained period of time. However, there are many factors, which impact the performance of the SIP. Before you open SIP account, you need all the details in place. Online SIP calculators are the answer to this problem.
The inputs required for the above online SIP calculator are:
Based on these inputs, the above SIP calculator is able to calculate the amount of money that you will accumulate at the end of the investment horizon. However, the SIP calculator have its limitation. It gives you a basic idea about the estimated returns you are going to generate but these are automated SIP interest calculators based on certain assumptions, which may not hold true in the real world. Hence, it is best to seek the advice of the financial planners for understanding the SIP calculation such as how much returns your SIP will give you.