What is step up SIP calculator?
Step up SIP calculator helps you plan strategies to achieve your goals by increasing the SIP monthly budget every year by some margin. This tool takes your inputs and calculate the final amount you will receive by the end of the tenure.
How i can use Step up SIP calculator?
We’ve made our tool easy to use.
- you will need to put your starting SIP amount in the box of "Starting Monthy SIP" or you can use the slider below it to set the values.
- On the other hand, in the 'Annual Step-up (%)' field, input the percentage by which you want to increase your monthly SIP amount each year.
- Then, in Investment Years, enter the number of years that you are willing to continue your Step Up SIP.
- In the last field, input the percentage that you are expecting your SIP grow each year.
- If you wish to find the funds that have given similar returns in the past, click on 'Find Mutual Funds' button.
What type of funds are shown above?
After clicking on the "Find Mututal Funds" button, our tool shows the list of funds that have given similar returns in the past.
How useful the shown funds are to me?
The funds shown are only for educational purpose. By showing the funds that given similar returns, we aim to provide you the information about what type of funds has given the similar returns.
How this Calculator is beneficial to me?
After entering all the fields of your desired amounts, our tool estimates the amount of money you are likely to have by the end of your tenure, also the profit you may gain during the same period. Moreover, The estimated amount will help you plan the strategy to achieve your desired long term goal.
What happens when inflation is included?
Including inflation while calculating gives more realistic results. Since, Future's rupees value will not be as same as today's value. it is important to calculate the goals based on inflation rate to set more realistic goals for future.