BOI SIP Calculator

Bank of India SIP Calculator

The Bank of India SIP Calculator helps investors estimate the future value of their investments in mutual funds through a Systematic Investment Plan (SIP). By entering just a few basic inputs, this tool provides a clear picture of the expected maturity amount and the total gains over a chosen investment period.

How the BOI SIP Calculator Works

A Systematic Investment Plan (SIP) allows you to invest a fixed amount in a mutual fund scheme at regular intervals—typically monthly. The SIP Calculator uses compound interest to determine how much wealth you can potentially accumulate over time based on consistent monthly investments.

Key Inputs

1. Monthly Investment Amount (₹)
   This is the fixed amount you plan to invest every month. Example: ₹5,000.
2. Investment Period (in years)
   The total duration for which you intend to continue the SIP. Example: 10 years.
3. Expected Annual Return (%)
   An estimated annual return rate based on your mutual fund’s past performance. Example: 12%.

Output

• Total Investment: The sum of all SIP payments made over the investment period.
• Estimated Returns: The wealth generated due to compounding over time.
• Maturity Value: The final value of your investment at the end of the tenure.

SIP Calculation Formula

The BOI SIP Calculator uses the following formula for future value of SIP:

FV = P × [(1 + r)^n – 1] × (1 + r) / r

Where:

• FV = Future Value of the investment
• P = SIP amount
• r = Expected monthly return (annual rate / 12 / 100)
• n = Total number of payments (years × 12)

This formula assumes monthly compounding, which aligns with most mutual fund SIPs in India.

Benefits of Using the BOI SIP Calculator

• Time-saving: Get quick estimates without manual calculations.
• Goal Planning: Helps you set realistic financial goals by understanding future wealth accumulation.
• Informed Decisions: Adjust SIP amount or tenure to meet specific financial targets.
• Free to Use: Available online anytime, without registration or cost.

Example Calculation

• SIP Amount: ₹5,000/month
• Tenure: 10 years
• Expected Annual Return: 12%

Total Investment = ₹6,00,000

Estimated Returns ≈ ₹9,88,000

Maturity Value ≈ ₹15,88,000

Note: These are approximate values based on assumed returns. Actual results may vary.

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.