SIP Calculator

  SIP, or systematic investment plan, is a method of investing in mutual funds where a fixed amount of money is invested at regular intervals, rather than a lump sum. SIP investment can be a powerful strategy for achieving long-term financial goals, as it allows investors to benefit from the power of compounding and take advantage of dollar-cost averaging. Here are some examples of successful SIP investment plans: Early starter: Sam is 25 years old and has just started his first job. He decides to start a SIP investment plan with a goal of saving for retirement. Sam invests $100 per month in an equity mutual fund and continues this SIP investment for 40 years until he retires at age 65. Thanks to the power of compounding, Sam's investment grows to over $600,000 by the time he retires. Education funding: Rachel is a 35-year-old teacher with two young children. She wants to save for their education expenses and decides to start a SIP investment plan with a goal of $50,000. Rachel inv...