💨 Abstract

A SIP calculator is an online tool that helps estimate returns on Systematic Investment Plan (SIP) investments. Users input monthly investment amount, investment duration, and expected return rate to calculate potential returns. This tool simplifies complex calculations, aids financial planning, and encourages consistent contributions. Types of SIP calculators include basic, goal-based, and advanced calculators. Using a SIP calculator enhances investment decision-making and planning for significant life events.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖