SIP Calculator: A Step-by-Step Guide to using this tool
Investors can use a SIP calculator to estimate the possible returns on their SIP investments. A SIP (Systematic Investment Plan) is a type of investment where individuals put a certain amount of money into a mutual fund scheme on a regular basis (weekly, monthly, quarterly, or annually). The SIP calculator is an online tool that determines the prospective returns on the investment by taking into account the investment amount, length, estimated rate of return, and frequency. In this tutorial, we'll walk you through each step of using the SIP calculator. Step 1: Enter the amount to invest. Entering your intended...