Mirae Asset SIP Calculator

SIP
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Monthly investment
Expected return rate (p.a)
%
Time period
Yr
Invested amount
Est. returns
Total value
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Invested amount
Est. returns

Mirae Asset SIP Calculator - Calculate Mirae Asset Fund SIP Returns

The Mirae Asset SIP calculator is a free online tool that helps investors calculate the returns they could potentially make on their mutual fund investments made through the SIP route. The calculator can also help investors estimate the amount of money they need to keep aside every month to invest via SIP to attain a specific goal.

How the Mirae Asset SIP Calculator Can Help You

In simple terms, this calculator is an effective tool to make complex financial calculations for your SIP investments in the Mirae Asset Mutual Fund. The calculator will ask for information like the investment tenure and estimated returns, which are easy for you to provide. 

Once you provide that information, the SIP calculator throws up the final value of the investment and the returns.  

Formula Used to Determine SIP Returns

The formula that is used to calculate the SIP returns is:

A = P × (1+r/100)^n

P = The Principal amount invested through SIP

r = The assumed annual rate of return

n = The Number of SIP instalments

The following example uses the formula to estimate the corpus generated through investment in the Mirae Asset Mutual Fund.

P = Rs. 5,000

r = 8%

n = 6 Years

A = Rs. 5,000 × (1+8/100)^6

Total Value = Rs. 2,83,628. 

How to Use the Mirae SIP Calculator?

You can use the calculator by following the steps listed below:

Step 1: Navigate to the online calculator.

Step 2: Fill in the three required fields: tenure, SIP amount, and expected rate of return. 

Step 3: The results are instantly displayed on your screen. 

Advantages of Using the SIP Calculator of Mirae Asset Mutual Fund 

The major benefits of using this calculator are as follows:

Encourages SIP Investments: This calculator encourages the investor to make mutual fund investments through the SIP route by portraying the future value of that investment. 

Error-Free Calculations: The tool completely eliminates errors, such as those that happen when calculations are done manually. 

Works with Simple Investment Details: The details you need to provide to the calculator are rather simple, such as the tenure of the investment, SIP value, and expected rate of return. 

Offers Instant Results: The calculator throws up results almost instantly, obviating the need for the long, tedious, and prone-to-error process of manual calculations. 

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