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Union SIP Calculator

₹
%
%
Yr
Invested amount₹ 6,00,000
Estimated returns₹ 5,61,695
Total value₹ 11,61,695
Invested amountReturns

Our Union SIP calculator is an easy-to-use tool that will empower you to make informed investment decisions. It can tell you how your investments can grow over time. A calculator is an important resource for your financial planning journey.

A Systematic Investment Plan (SIP) is an investment mode through which investors invest in mutual funds. With SIPs, one can make regular contributions to a mutual fund scheme and achieve their financial goals. SIPs help investors be disciplined and develop an investing habit.

How Does Our Union SIP Calculator Work?

The Union SIP calculator works based on the below formula.

FV = P x ((1+r)^n - 1)/r)

where:

FV is the future value of your investment
P is the monthly investment amount
r is the monthly interest rate divided by 12
n is the total number of months or the investment duration

Example

You are planning to invest ₹17,000 every month for 13 years and expect a rate of return of 9%. Here's how you can find the future value of your investments.

The first step is to change the annual rate of return to a monthly rate: r = 0.09/12 = 0.0075

The next step is to convert the total number of months: n = 13 x 12 = 156

After putting the values in the formula:

FV = 17,000 x ((1 + 0.0075^156) - 1) / 0.0075
FV = 17,000 (2.20795) / 0.0075
FV = ₹50,04,687 (approximately)

How Should You Use The Union SIP Calculator?

Our Union SIP calculator is pretty simple. All you have to do is follow the below steps.

  • Enter the amount you wish to invest every month.
  • Then, tell the calculator how much return you expect from your investments.
  • The final step is to decide the number of years you plan to invest through SIP.

Once the above values are entered into the calculator, you can learn the future value of your investments, the total amount invested by you, and the interest that your investments will earn you.

Example

Ms. Fanny wishes to invest ₹1,000 every month and wants to invest the same amount for 20 years. She expects a return rate of 8%.

So, now all she needs to do is use the calculator formula to calculate the future value of her investments.

Convert the annual rate of return to a monthly rate: r = 0.08/12 = 0.00667

Calculate the total number of months: n = 20 x 12 = 240

Now comes the easy part i.e. putting these values in the calculator.

FV = 1,000 x ((1 + 0.00667^240) - 1) / 0.00667
FV = 1,000 (3.93071) / 0.00667
FV = ₹5,89,312 (approximately)

Benefits Of Using Union SIP Calculator

Using an SIP calculator comes with a slew of benefits. We have mentioned a few below.

  • The SIP calculator offers accurate predictions for your details, which can help you set achievable financial goals.
  • You can use the calculator to adjust your monthly investment, duration, or expected returns so that they align with your financial goals and risk tolerance.
  • The calculator helps you compare different SIP scenarios so that you can understand which investment strategy will help you best.

Union SIP Calculator - Frequently Asked Questions (FAQs)

Can I change my SIP amount anytime?
Yes. You can increase or decrease your SIP amount.
How is the SIP amount deducted from my bank account?
While setting up the SIP, you will be asked to set up the auto-debit. By this way, the amount can be deducted from your bank account on the date specified by you when you set up the SIP.
Can I switch or transfer my SIP to another mutual fund scheme?
Yes. You can switch or transfer your SIP to another mutual fund scheme within the same fund house.
What should I do if my SIP is not performing as expected?
If your SIP is not performing as expected, consider assessing your investment goals and risk tolerance. You can make necessary adjustments to your investment strategy.