Union Mutual Fund is a part of Union Bank of India and offers a variety of schemes to the investors under the equity, debt, and hybrid categories. Union Asset Management Private Limited (formerly known as Union KBC Mutual Fund) manages these schemes of Union Mutual Fund. Investors thinking to invest in Union Mutual Funds SIPs can check their monthly SIP amounts based on the desired corpus with the help of SIP calculator for Union Bank. The company focuses on creating strong asset management in India with the help of unrivalled brand value of Union Bank of India, knowledge of their vast customer base, and extensive network.

What is Union Bank SIP calculator and How does it Work?

A SIP is a method of investment in the preferred mutual fund scheme on regular intervals (weekly, monthly, quarterly, etc). It is indeed a great tool for your investments as it offers you the option to build a corpus with small inputs, and gives you the benefit of rupee cost averaging. Union Bank of India SIP calculator will help you estimate the monthly SIP amount you would require to allocate towards your mutual fund investments to reach the desired amount within the set time horizon

This Calculator helps to calculate the wealth gained for your periodic SIP investment at the end of the tenure of your monthly/quarterly SIP. This amount is calculated based on an expected rate of return.

How to Use the Union Mutual Fund SIP Calculator?

Here’s how to use the calculator.

Step 1: Enter the monthly investment amount you want to invest or make use of the slider provided to select the amount

Step 2: In this step, enter the return rate or move the slider

Step 3: Choose the investment period.

Step 4: Click on the ‘Invest now’ button.

It will show the invested amount, estimated returns and the total value. It’s that easy!

Union Bank SIP Calculator Formula

The Union Bank SIP calculator uses the following formula to calculate returns based on the rate of return, principal amount ( SIP value ) and the expected time frame.

= P*((1+i)^n)-1)/i)*(1+i)


A – stands for the Amount you will receive

P – is the SIP amount you invest

I – is the compounded rate of return, which is the annual rate of return %/12

n – represents the number of months

Benefits of Using Union Bank SIP Calculator

  • A SIP calculator helps you to get an estimate of your returns. All you need to do is enter the simple details to gain the results of your total invested amount.
  • It gives faster, error free calculations, thus saving you a lot of time and hassle.
  • One of the key benefits of using a SIP calculator is the fact that you can forecast your investment plans beforehand and look at different outcomes.
  • With SIP Calculator, you can toggle the interest rates and see the potential returns on different SIPs with the same tenor and same investment amount.