SIP calculator
Project your SIP,
month by month.
Enter a monthly amount, an expected return and a number of years. See the projected value, how much of it you put in, and the rest as growth — in rupees, with an optional yearly step-up.
Estimated value after 10 years
₹11,61,695
- You invest
- ₹6,00,000
- Growth
- ₹5,61,695
- Share of the total that is growth
- 48.4%
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. This is an illustration at the return you entered.
Year by year
| Year | Put in | Growth | Balance |
|---|---|---|---|
| 1 | ₹60,000 | ₹4,047 | ₹64,047 |
| 2 | ₹60,000 | ₹12,169 | ₹1,36,216 |
| 3 | ₹60,000 | ₹21,322 | ₹2,17,538 |
| 4 | ₹60,000 | ₹31,636 | ₹3,09,174 |
| 5 | ₹60,000 | ₹43,258 | ₹4,12,432 |
| 6 | ₹60,000 | ₹56,353 | ₹5,28,785 |
| 7 | ₹60,000 | ₹71,110 | ₹6,59,895 |
| 8 | ₹60,000 | ₹87,738 | ₹8,07,633 |
| 9 | ₹60,000 | ₹1,06,475 | ₹9,74,108 |
| 10 | ₹60,000 | ₹1,27,588 | ₹11,61,695 |
In plain terms
How a SIP projection is worked out, and why calculators disagree
AMFI's and SEBI's own SIP calculators use the same monthly rate and still differ, because one invests each instalment a month earlier.
A systematic investment plan puts the same amount into a mutual fund every month. A SIP calculator assumes a steady return and compounds each instalment for the months it stays invested: the first grows for the whole period, the last for a single month. The monthly rate is the annual return divided by twelve, and the future value is the sum of every instalment's growth. Invest ₹5,000 a month for ten years at an assumed 12% and you put in ₹6,00,000; the projection is ₹11,61,695.
Calculators disagree on one convention, and it is worth knowing which one you are reading. The Association of Mutual Funds in India's SIP calculator treats each instalment as invested at the start of the month, so it earns that month's return. The calculator on SEBI's investor website uses the same monthly rate but invests at the end of the month, and for the same ₹5,000, 12% and ten years it gives ₹11,50,193 — about ₹11,500 less. This page follows AMFI. Both split the annual rate evenly, which compounds to slightly more than the rate entered: twelve months at 1% is about 12.68% over a year.
The number is an illustration, not a forecast. Mutual fund returns are not fixed, and a real SIP buys units at whatever price the market sets each month, so the path will not be smooth and the end value can land well below the projection, or above it. As the advertisement code in SEBI's Mutual Funds Regulations, 2026 puts it: "Mutual Fund investments are subject to market risks, read all scheme related documents carefully." The projection is also before tax. Use the step-up to see what raising the monthly amount each year, in line with your income, does to the result.
- Monthly rate
- Annual return ÷ 12 — the convention in both AMFI's and SEBI's investor calculators.
- Timing
- Start of each month, as AMFI assumes. SEBI's investor calculator assumes the end, which gives a lower figure.
- Step-up
- The monthly amount rises by your percentage once a year, from the second year, compounding.
How it's calculated
The working behind the number
This SIP calculator projects a fixed monthly investment at an assumed yearly return, following the Association of Mutual Funds in India's convention: the monthly rate is the annual rate divided by twelve, and each instalment is invested at the start of its month, so it earns that month's return. An optional step-up raises the monthly amount by a set percentage each year. The result is an illustration, not a promised return.
Formula
FV = P × ((1 + i)ⁿ − 1) ÷ i × (1 + i)
- FV
- The projected value at the end of the period.
- P
- The monthly instalment.
- i
- The monthly rate: the expected annual return ÷ 12, as a decimal.
- n
- The number of monthly instalments: years × 12.
Assumptions and limits
- The return is the same every month. A real fund's returns rise and fall, so this is an illustration, not a promise.
- Each instalment is invested at the start of its month and earns that month's return, as in AMFI's calculator.
- With a step-up of s, year y invests P × (1 + s)ʸ⁻¹ a month; the formula above is the case with no step-up.
- The return you enter is treated as what you receive: no tax, exit load or other charge is deducted.
- Amounts are kept at full precision and rounded to the paisa only when shown.
A worked example
Take ₹5,000 invested at the start of every month for 10 years, at an assumed 12% a year.
- Monthly rate i = 12% ÷ 12 = 1%, over n = 120 instalments.
- Future value = P × ((1 + i)ⁿ − 1) ÷ i × (1 + i).
- You invest ₹6,00,000 in total.
At an assumed 12% it would grow to ₹11,61,695 — ₹5,61,695 of it growth. Actual returns vary.
Computed by the calculator on this page, from the figures it opens with.
Sources
- AMFI (Mutual Funds Sahi Hai), SIP calculator: monthly rate = annual ÷ 12, instalments at the start of each month — checked 10 September 2026
- SEBI investor website, SIP calculator: the same monthly rate, instalments at the end of each month — checked 10 September 2026
- SEBI (Mutual Funds) Regulations, 2026 (in force 1 April 2026), Fifth Schedule: the advertisement code's market-risk wording — checked 10 September 2026
- CBDT FAQs on capital gains, July 2024 (via PIB): from 23 July 2024, long-term gains on equity-oriented funds taxed at 12.5% above ₹1.25 lakh a year, short-term gains at 20% — checked 10 September 2026
By The CutYears team · Last reviewed 10 September 2026 · Full methodology
Questions people ask
Why do SIP calculators give different answers for the same inputs?
Mostly because of timing. AMFI's calculator, which this page follows, invests each instalment at the start of the month; SEBI's investor-site calculator invests at the end. For ₹5,000 a month at 12% for ten years that is ₹11,61,695 against ₹11,50,193. Some platforms also round a stepped-up instalment to whole rupees, which moves the result by a few rupees over long periods.
Is the expected return in a SIP guaranteed?
No. Mutual fund returns are not fixed; they depend on the market prices of what the fund holds. The rate you enter is an assumption, and the projection shows what that assumption implies if it held every month. Try a lower rate as well as a higher one, and read the scheme documents: mutual fund investments are subject to market risks.
How does an annual step-up change a SIP?
It raises the monthly amount by your chosen percentage once a year: at a 10% step-up, ₹5,000 a month becomes ₹5,500 in the second year and ₹6,050 in the third. Compare the amount invested and the projected value with the step-up on and off to see what it adds on your own figures.
Is the SIP projection before tax?
Yes; nothing is deducted for tax. As a dated reference, the Central Board of Direct Taxes said in July 2024 that from 23 July 2024 long-term gains on equity-oriented funds are taxed at 12.5% above ₹1.25 lakh a year, and short-term gains at 20%. Tax rules change, so check the current position before relying on these rates.