What is systematic investment plan calculator?

A systematic investment plan (SIP) calculator is a tool that helps calculate the future value of an investment made through a systematic investment plan, which is a type of investment where a fixed amount of money is invested in mutual funds or other investment vehicles at regular intervals (such as monthly) over a period of time. SIPs are a popular investment option for people who want to invest in the stock market or other investment instruments, but do not have the time or expertise to manage their investments actively.

To use an SIP calculator, you typically need to enter the amount of money you plan to invest each month, the expected rate of return, and the tenure of the investment. The calculator will then use the compound interest formula to calculate the future value of the investment, including the principal amount and accumulated returns, at the end of the tenure.