ICICI SIP Calculator

Investors can invest in ICICI Mutual Funds either through one-time lump sum investment or SIP (Systematic Investment Plan). Between both methods of investing, SIP is the most popular as it allows you to invest a fixed and small sum of money at regular intervals, usually monthly. 

Investors planning to invest in ICICI Mutual Funds through SIP can predict the future value of their investments using the ICICI SIP Calculator. This online tool helps investors see how their consistent contributions grow over a period of time. Moreover, you can input different combinations of values to compare and plan your investments better according to your budget as well as financial goals.

The online SIP calculators usually work on the principal of compound interest, where your returns also start earning returns over time. The standard formula used for calculating SIP return is:

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

Note- The value of ‘i’ is calculated as {(1 + Annual Return)^1/12} – 1

ICICI Prudential’s SIP Return Calculator is easy to use. To calculate results, users just need to follow this simple process: 

1. Provide the amount you want to invest in the ICICI Mutual Fund. 
2. Specify for how long you want to stay invested in the mutual fund scheme. 
3. Enter the rate of return you expect to earn over time on your investment. 
4. Specify by what percentage you plan to top up your contributions as your income grows.

Here are some of the benefits of using an ICICI SIP Calculator: 

• Helps you see how your investments might grow over time
• Demonstrates the power of compounding into long-term wealth creation
• Compare various combinations of values to determine the optimum strategy to reach your financial goal
• Assists in choosing an SIP amount according to your budget and financial goals

A step-up SIP, also called top-up SIP, is where you increase your monthly SIP each year as your income grows.

For example, you might have started your ICICI Prudential SIP with Rs. 5,000 per month and increased it by 10% yearly. So next year it becomes Rs. 5,500 then Rs 6,000 and so on.

This helps you contribute more money over time to build a large fund in the long run without having to make a big contribution all at once. Moreover, increasing your SIP contributions from time to time is essential to build a bigger corpus is necessary to tackle inflation.

How much return can you earn through a Regular SIP and Step-up SIP?

Let's understand that how increasing your SIP by just 10% every year can help you to earn more corpus with the same duration:

Note: The returns are illustrative and not guaranteed. Actual returns may vary based on market performance and other influencing factors.

Lump sum and SIP (Systematic Investment Plan) are two ways to invest in ICICI Prudential mutual fund schemes. In the lump sum method, you invest your money in one go. In SIP, you invest a fixed amount at regular intervals such as daily, monthly and yearly over a period. 

A SIP calculator estimates returns on regular, periodic SIP investments and a lump sum calculator estimates returns on a one-time investment. Both estimate the future returns, but are built for different investing methods.

Let’s understand how much return we can earn through each method with same investment time:

ICICI Lump Sum Vs SIP Comparison (Assuming 12% Annual Return) 

Note: The returns are illustrative and not guaranteed. Actual returns may vary based on market performance and other influencing factors.

ICICI Prudential offers a variety of mutual funds schemes and each mutual fund scheme has its unique characteristics and may be suitable for you based on your risk appetite and financial goals.    

The following list is based on the performance of these funds over the past five years, but keep in mind that this may change frequently. As a result, the top ICICI mutual funds can vary over time. The funds mentioned below are widely recognized and followed:

• ICICI Prudential Indian opportunities Fund (Equity Fund)
• erstwhile ICICI Prudential Value Discover Fund (Equity Fund) 
• ICICI Prudential Multi-Asset Funds (Hybrid Fund)

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