LIC Mutual Fund SIP Calculator

Disclaimer: Past performance is not an indicator of future returns

Company introduction

Welcome to the LIC Mutual Fund SIP calculator, which offers an easy way to calculate SIP returns. LIC Mutual Fund is sponsored by Life Insurance Corporation of India, one of India's largest and most trusted life insurance companies, with a rich experience of over six decades. LIC Mutual Fund has a solid online presence and provides a wide range of schemes to help investors securely grow their wealth.

How to calculate estimated returns using LIC Mutual Fund SIP calculator

Simply follow the steps mentioned below:

Step 1. Set up your target SIP amount: Start by listing the savings you intend to invest through SIP every month. You can invest any amount starting from just a hundred rupees.

Step 2. Select the expected rate of return: Enter the anticipated rate of return you think you will get from your investment. This should be a realistic percentage based on the scheme’s historical performance and benchmark scheme’s returns.

Step 3. Specify till when you will invest: Specify the number of years you plan to continue your SIP investment.

The calculator will then calculate the estimated return on your SIP investment. Please note that these returns are subject to tax at the time of redemption.

How does the LIC Mutual Fund SIP calculator work?

The LIC Mutual Fund SIP calculator works through a straightforward process, following this formula:

A = p × (1+ nr) nt

where:

• a = final corpus amount
• p = monthly investment
• r = annual interest rate
• n = number of times interest is compounded in one year
• t = Investment duration (in years)

Instead of manually calculating the estimated amount through the above process, you can simply use an online calculator and get the amount in one go. What’s more, you can use the calculator any number of times to do calculations by different investments, tenures, and/or rates of return.

Benefits of using LIC Mutual Fund SIP calculator

Use the LIC Mutual Fund's SIP calculator to plan your financial destiny with self-assurance. This tool allows you to set realistic financial goals, examine the feasibility of your financial plans, and estimate the growth of your investments over the years. With the LIC Mutual Fund's SIP calculator, you can make better-planned investments to secure your financial future.

• Goal planning: Set and acquire your financial dreams, whether it is buying a home or securing your retirement.
• Investment monitoring: Monitor the overall performance of your investments over time and make changes to stay on the right track along with your goals.