How to Use Step Up SIP Calculator
Investing in a systematic investment plan (SIP) can be tricky if you don’t know how your monthly contributions and expected returns grow over time. The Step Up SIP Calculator helps you calculate your investment, expected returns, and total corpus in a simple, interactive way.
Follow these steps to use the calculator effectively:
Step 1: Enter Monthly Investment
- Locate the Monthly Investment field at the top.
- Enter the amount you plan to invest every month.
- You can also use the slider to adjust the value quickly.
- Example: ₹25,000 per month.
Step 2: Set Annual Step Up (%)
- The Annual Step Up field lets you increase your monthly investment automatically each year.
- Enter the percentage by which you expect to increase your SIP every year.
- Example: 10% means your SIP will increase by 10% each year.
Step 3: Enter Expected Return Rate (p.a.)
- Input your expected annual rate of return in percentage.
- This is the growth rate you anticipate from your investment.
- Example: 12% per year.
Step 4: Select Time Period (Years)
- Enter the number of years you plan to invest in the SIP.
- Example: 10 years.
Step 5: View Results
- The calculator will automatically display:
- Invested Amount: Total money you contribute.
- Estimated Returns: Profit earned from your investment.
- Total Value: Total corpus at the end of your SIP.
Step 6: Check Pie Chart
- The interactive pie chart shows a visual representation of:
- Invested Amount (in green)
- Estimated Returns (in blue)
- Hover over each section to see the exact amount.
- The chart updates in real-time as you adjust your inputs.
Tips for Using the Calculator
- Adjust sliders to experiment with different SIP amounts and step-up percentages.
- Use realistic expected return rates based on past mutual fund performance.
- Increase your investment step-up percentage to see how it affects your final corpus.
- Use the calculator to plan your long-term wealth goals.
Conclusion
The Step Up SIP Calculator is a simple, yet powerful tool to understand how systematic investments grow over time. It helps you plan smartly, visualize your returns, and make informed investment decisions.
