A Systematic Investment Plan (SIP) is similar to the recurring deposit, where some amount of money is invested at regular intervals (monthly or quarterly). A SIP is generally preferred for an equity scheme and can be started with as small as Rs 500 per month. The plan is flexible, were the investors may stop investing anytime, and may choose to increase or decrease the amount of investment. This calculator allows you to calculate the maturity amount (savings of the mutual fund) you gained and the amount multiplied.
