What is SIP?

SIP, or Systematic Investment Plan, is a method of investing in mutual funds where you invest a fixed amount at regular intervals. It helps you build wealth over time by leveraging the power of compounding.

How many types of SIP are available?

There are generally four types of SIPs available:

• Regular SIP: A fixed amount is invested at regular intervals.
• Top-up SIP: Allows you to increase your SIP amount at specified intervals.
• Flexible SIP: Offers flexibility to change the SIP amount based on your cash flow.
• Perpetual SIP: SIPs with no predefined end date.

How to use this calculator?

To use this calculator:

• Select either SIP or Lumpsum by clicking the respective tab.
• Enter the investment details such as amount, expected return rate, and time period.
• View the results, including investment amount, estimated returns, and total amount.
• Analyze the data using the pie chart for a visual representation.