CalcSIP Calculator (with Annual Step Up)
Calculate the growth of your mutual fund SIP investments. Includes option for annual Step Up to increase your savings systematically in India.
Future Wealth Value
Formula & Calculation
Maturity Value = [Monthly Deposit * ((1 + r)^n - 1) / r * (1 + r)] + Step Up scaling- Monthly Deposit: The systematic amount invested every month (which grows annually by Step Up %).
- r: Monthly interest rate (Expected annual return rate / 12 / 100).
- n: Total number of months of the investment tenure.
How to Use
- Specify your monthly investment budget.
- Provide the expected annualized percentage of returns.
- Select the total duration in years.
- Configure the annual Step Up percentage rate if you plan to increase your savings systematically.
Frequently Asked Questions
What is a Systematic Investment Plan (SIP)?
A Systematic Investment Plan (SIP) is an investment route offered by mutual funds where one can invest a fixed amount regularly (monthly/quarterly) in a chosen scheme.
How does Step Up SIP help in wealth creation?
Step Up SIP allows you to increase your monthly investment amount by a fixed percentage or amount annually, significantly boosting your maturity corpus due to compounding.
What is a realistic annual return rate for equity mutual funds in India?
Historically, equity mutual funds in India have generated average annual returns of 12% to 15% over a long-term horizon of 7+ years.
Are SIP returns taxable in India?
Yes, equity mutual fund gains are subject to Capital Gains Tax: Short-Term (STCG) at 20% if sold within 1 year, and Long-Term (LTCG) at 12.5% on gains exceeding ₹1.25 Lakh per year (as per latest budget).
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