What is SIP interest rate calculator?

An SIP interest rate calculator is a tool that helps calculate the expected rate of return on an investment made through a systematic investment plan (SIP). A SIP is a type of investment where a fixed amount of money is invested at regular intervals (such as monthly) over a period of time. The rate of return on the investment is influenced by factors such as the investment vehicle, market conditions, and the overall economy.

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